3 Car Garage Home Real Estate Professional

Brooke O'Malley
CLUB REALTY
Real Estate Broker
1-941-726-2677

5400 Ocean Boulevard 1-4
Sarasota, Florida FL 34242-3359
Sold For: $745,000
Listing ID: A4486578
Status: Closed
Sold Date: 3/15/2022
Bedrooms: 1 Bed
Total Baths: 1 Bath
Full Baths: 1 Bath
SqFt: 992 Sq Ft
Acres: 2.080 Acres
Subdivision: Terrace
Year Built: 1970

This oversized one bedroom, one bathroom condo in The Terrace building offers ideal island living. The Terrace, designed by Frank Folsom Smith, sits on the widest section of the whitest beach in America, a perfect location to say the least. A few steps from the beach to the village. To the east views of mature trees over hanging a tennis court with Siesta Village in the background. To the southwest peekaboo views of the beach. Sit back on the oversized balconies relaxing to background music from the village. Walk out your front door to the deep heated saltwater pool overlooking the beach. No hassling with chairs and umbrellas to the beach because they are waiting for you on the pool deck with a shower and restrooms and the same views of the gulf. The building recently underwent major updates; new plumbing, new generator, new AC, relocated the well, redecorated the lobby area, elevators, sitting room, and resurfaced the entire exterior of the building. Paradise without the work is waiting for you. You just have to decide if you want to take a walk on the white quartz sand that never gets hot or a long bike ride down the beach and around tropical Siesta Key. This is the lowest priced condo in the building and with interest rates at an all time low this will go fast.

Primary Features

County: Sarasota
Price Before Reduction: 799999
Price Reduction Date: 2021-08-11T16:38:28+00:00
Property Sub Type: Condominium
Property Type: Residential
Subdivision: Terrace
Year Built: 1970
Zoning: RMF1

Interior

Additional Rooms: Florida Room
Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator
Building Area Units: Square Feet
Building Elevator: yes
Cooling Type: Central Air
Fireplace: no
Floor Number: 1
Flooring: Ceramic Tile
Heating Type: Central, Electric, Heat Pump
Interior Features: Elevator, High Ceilings, Open Floorplan, Window Treatments
Laundry Features: Corridor Access, Laundry Room, Other
Levels: One
Living Area Meters: 92.16
Living Area Source: Public Records
Living Area Units: Square Feet
Other Equipment: Generator
Room Count: 3
Stories Total: 1

External

Architectural Style: Contemporary
Carport: no
Construction Materials: Block, Stucco
Exterior Features: Balcony, Fence, Lighting, Outdoor Shower, Storage
Fencing: Other
Foundation Details: Slab
Garage: no
Homestead: no
Lot Size SqFt: 90633
Lot Size Square Meters: 8420
Other Structures: Storage
Parking Features: Guest, Open
Patio And Porch Features: Patio, Porch, Rear Porch
Pool Features: Heated, In Ground, Lighting, Outside Bath Access, Salt Water
Pool Private: yes
Property Description: Corner Unit, Elevated, End Unit, High Rise
Road Surface Type: Other, Paved
Roof: Other
Sewer: Public Sewer
Total Acreage: 2 to less than 5
Utilities: Cable Connected, Electricity Connected, Public, Sewer Connected, Street Lights, Underground Utilities, Water Connected
Vegetation: Mature Landscaping, Trees/Landscaped
View Type: Garden, Water
Water Access: yes
Water Access Type: Gulf/Ocean
Water Extras: no
Water Frontage Feet Beach Public: 414
Water Frontage Feet Gulf Ocean: 414
Water Source: Public
Water View: yes
Water View Type: Gulf/Ocean - Partial
Waterfront: yes
Waterfront Features: Beach - Public, Gulf/Ocean
Waterfront Feet Total: 828
Window Features: Drapes

Location

Association: yes
Association Amenities: Cable TV, Elevator(s), Fence Restrictions, Fitness Center, Gated, Laundry, Pool, Vehicle Restrictions
Association Approval Required: yes
Association Name: Joy Roberts
Building Name Number: TERRACE
Community Development District: no
Community Features: Buyer Approval Required, Deed Restrictions, Fitness Center, Pool, Water Access, Waterfront
Country: US
Direction Faces: North
Elementary School: Phillippi Shores Elementary
Flood Zone Code: VE
High School: Sarasota High
Middle Or Junior School: Brookside Middle
MLS Area Major: 34242 - Sarasota/Crescent Beach/Siesta Key
SW Subdivision Community Name: Terrace
Township: 37S
Water Body Name: GULF OF MEXICO

Financial

Additional Lease Restrictions: none
Association Fee Frequency: Quarterly
Association Fee Includes: Cable TV, Pool, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Maintenance, Management, Pest Control, Pool, Recreational Facilities, Security, Sewer, Trash, Water
Association Fee Requirement: Required
Available For Lease: yes
Close Price By Calculated SqFt: 751.01
Condo Fees: 3331
Condo Fees Term: Quarterly
Condo Land Included: yes
Current Price: 745000.00
Disclosures: Condominium Disclosure Available, Lead Paint, Seller Property Disclosure
Existing Lease Tenant: no
Lease Restrictions: 1
Listing Terms: Cash, Conventional, Other
Minimum Lease: 2 Months
Monthly Condo Fee Amount: 1110
Ownership: Condominium
Ratio Current Price By Calculate: 751.01
Special Listing Conditions: None
Tax Annual Amount: 5611.8
Tax Book Number: 3-46
Tax Year: 2021
Total Annual Fees: 13324.00
Total Monthly Fees: 1110.33

Zoning Info


Listed by: William Raveis Real Estate 941-894-1255.

Listing information ©My Florida Regional MLS DBA Stellar MLS 2024. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Properties displayed may be listed or sold by various participants in the MLS. Data last updated on Thursday, March 28th, 2024 at 10:48:06 PM.

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