3 Car Garage Home Real Estate Professional

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

Currently viewing 1 of 281
5400 Ocean Boulevard 14-4
Sarasota, Florida FL 34242-3362
Sold For: $1,750,000
Listing ID: A4563819
Status: Closed
Sold Date: 8/24/2023
Bedrooms: 2 Bed
Total Baths: 2 Bath
Full Baths: 2 Bath
SqFt: 1,187 Sq Ft
Subdivision: Terrace
Year Built: 1970

Under contract-accepting backup offers. The Iconic Terrace building is a masterpiece designed by renowned architect Frank Folsom Smith. The building is a fortress-like structure that exudes strength and durability. Situated directly on Siesta Key beach, the location is ideal within walking distance to Siesta Key Village and all its offerings. This particular unit has been meticulously renovated with top-of-the-line materials and appliances. The renovation includes new hurricane impact sliders, a tankless hot water heater, and a new HVAC unit. This unit has been featured on the cover of SRQ magazine for its quality and luxury. This 14th floor unit is fully furnished and offers stunning views of the night lights, downtown skyline, and the beach. The rooftop saltwater pool is a beautiful addition that provides privacy and lovely beach views. Take a cocktail out to watch the sunset over the water!!! The building itself has undergone significant upgrades, making it a prestigious address on Siesta Key. Complete Replacement of cast-iron pipes, geothermal well driven HVAC system keeps costs low, new generator for entire building, monitored water sensors in units, installation of new gates at front entrances. Come see for yourself why this property is so special.

Primary Features

County: Sarasota
Price Before Reduction: 2150000
Price Reduction Date: 2023-06-08T14:14:35+00:00
Property Sub Type: Condominium
Property Type: Residential
Subdivision: Terrace
Year Built: 1970
Zoning: RMF3

Interior

Appliances: Built-In Oven, Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator
Building Area Units: Square Feet
Building Elevator: yes
Cooling Type: Central Air
Fireplace: no
Floor Number: 14
Flooring: Tile
Furnished: Turnkey
Heating Type: Heat Pump
Interior Features: Open Floorplan, Split Bedroom
Laundry Features: Corridor Access
Levels: One
Living Area Meters: 110.28
Living Area Source: Public Records
Living Area Units: Square Feet
Room Count: 3
Stories Total: 16

External

Carport: yes
Carport Spaces: 1
Construction Materials: Block
Exterior Features: Balcony, Sliding Doors, Storage
Foundation Details: Slab
Garage: no
Homestead: no
Parking Features: Assigned, Covered, Guest
Pool Features: In Ground
Pool Private: no
Property Description: Corner Unit, End Unit, High Rise
Road Surface Type: Concrete
Roof: Shingle
Sewer: Public Sewer
Total Acreage: Non-Applicable
Utilities: Cable Available, Electricity Connected, Public, Water Connected
Water Access: yes
Water Access Type: Beach
Water Extras: no
Water Frontage Feet Gulf Ocean: 450
Water Source: Public
Water View: yes
Water View Type: Gulf/Ocean - Partial
Waterfront: yes
Waterfront Features: Gulf/Ocean
Waterfront Feet Total: 450
Window Features: Impact Glass/Storm Windows, Window Treatments

Location

Association: yes
Association Amenities: Maintenance, Pool, Security, Storage, Vehicle Restrictions
Association Approval Required: yes
Association Name: Sherry
Building Area Source: Public Records
Building Area Total: 1506
Building Name Number: 5400
Community Development District: no
Community Features: Association Recreation - Owned, Buyer Approval Required, Community Mailbox, Fitness Center, Pool, Waterfront
Country: US
Direction Faces: West
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
SW Subdivision Condo Number: 7095
Township: 37S
Water Body Name: GULF OF MEXICO

Financial

Additional Lease Restrictions: See Association
Association Fee Includes: Cable TV, Pool, Insurance, Maintenance Structure, Maintenance, Management, Pest Control, Pool, Private Road, Security, Trash
Association Fee Requirement: None
Available For Lease: yes
Close Price By Calculated SqFt: 1474.30
Condo Fees: 3803
Condo Fees Term: Quarterly
Condo Land Included: no
Current Price: 1750000.00
Disclosures: Condominium Disclosure Available, Seller Property Disclosure
Existing Lease Tenant: no
Lease Restrictions: 1
Listing Terms: Cash, Conventional
Minimum Lease: 2 Months
Monthly Condo Fee Amount: 1268
Ownership: Condominium
Ratio Current Price By Calculate: 1474.30
Special Listing Conditions: None
Tax Annual Amount: 10917.28
Tax Book Number: 3-46
Tax Year: 2022
Total Annual Fees: 15212.00
Total Monthly Fees: 1267.67

Zoning Info


Listed by: Michael Saunders & Company 941-349-3444.

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 Friday, March 29th, 2024 at 04:36:58 AM.

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