$1,559,000
5400 Ocean Boulevard
Sarasota, FL 34242
Listing updated: July 21, 2026 at 12:58 PM ET
Listing courtesy of Michael Saunders & Company · Carol Thomas · MLS #A4698764 · Active · 941-349-3444Property type
Year built
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
The iconic Terrace building is a masterpiece designed by renowned architect Frank Folsom Smith. This modernist building, built of poured concrete exudes strength and durability. Situated directly on Siesta Key Beach, and built with walls of sliding glass doors in every room to take advantage of the diverse, magnificent views in all directions. This is the penthouse being offered turnkey furnished. Fantastic views in all directions. It's perfect location on the island within walking distance to Siesta Key Village, and all its offerings. 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 cost low, new generator for entire building, monitored water sensors in all units, installation of new gates at the front entrance. The elevators have been replaced, the lobby has been redone, and is a waterfront masterpiece. Only the 4 penthouse units have use of the rooftop with decks. Come see for yourself why this stunning property is so very special.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history19 days on market
- Status: ActiveJul 2, 2026
- Listed$1,559,000Jul 2, 2026
- Price increased$1,559,000
Facts & features
- Property type
- Residential
- Sub type
- Condominium
- Status
- Active
- Days on market
- 19
- Subdivision
- Terrace
- County
- Sarasota
- Year built
- 1970
- Living area
- 1,187 sq ft
- Price/sq ft
- $1,313
- Building area
- 1,497 sq ft (Public Records)
- Flood zone
- VE
- Annual taxes
- $13,856 (2024)
- Parcel #
- 0080251070
- Zoning
- RMF3
- MLS #
- A4698764
Ask about this home
Have a question? Ask the broker directly.
Ryan Solberg answers personally — no call center, no spam. Your question goes straight to him.
Interior Details
- Bedrooms
- 2
- Full bathrooms
- 2
- Flooring
- Ceramic Tile, Hardwood, Tile
- Appliances
- Dishwasher, Disposal, Ice Maker, Microwave, Range, Refrigerator
- Interior features
- High Ceilings, Kitchen/Family Room Combo, Solid Surface Counters, Split Bedroom, Stone Counters, Walk-In Closet(s)
- Laundry
- Common Area, Corridor Access
- Stories / Levels
- One
- Direction faces
- Southwest
Heating & Cooling
- Heating
- Central
- Cooling
- Central Air
Parking
- Carport
- Yes
HOA & Financial
- Total monthly fees
- $2,413/mo
- Total annual fees
- $28,952
- HOA name
- Maria Mitchell
- CDD
- No
- Min lease term
- 2 Months
- Listing terms
- Cash, Conventional
- Ownership
- Condominium
- Available for lease
- Yes
- Lease restrictions
- Yes
- Additional lease restrictions
- Tenants cannot have pets.
- Approval process
- Application to association w/fee.
Exterior & Construction
- Exterior features
- Balcony, Hurricane Shutters, Sliding Doors, Storage
- Construction materials
- Concrete, ICFs (Insulated Concrete Forms)
- Roof
- Other
- Foundation
- Concrete Perimeter
- Waterfront
- Yes
- Water access
- Yes
- Water view
- Yes
- Road surface
- Paved
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- BB/HS Internet Available, Cable Connected, Electricity Connected, Fiber Optics, Sewer Connected, Underground Utilities, Water Connected
Community
- Pets allowed
- Yes
Schools
Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Great Room | First | 21x13 |
| Kitchen | First | 10x9 |
| Primary Bedroom | First | 15x11 |
Listing Details
- Listing date
- 2026-07-02
- On market date
- 2026-07-02
- Original list price
- $1,559,000
- Occupant type
- Vacant
- MLS area
- 34242 - Sarasota/Crescent Beach/Siesta Key
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-07-02
- Tax legal description
- UNIT 174 THE TERRACE
Flood risk
Coastal high-hazard area (Zone V) with wave action. In a FEMA Special Flood Hazard Area — flood insurance is generally required by lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From the south bridge, right on Midnight Pass Rd; turns into Beach Rd. The Terrace is the high rise on your left just before Village.
More homes like this
$874,000
5400 Ocean Blvd #9-4
Sarasota, FL 34242
1 bd · 1 ba · 928 sqft
Terrace
MLS ID #A4668312, MICHAEL SAUNDERS & COMPANY.
Listing provided by Stellar MLS
$1,295,000
5400 Ocean Blvd #5-3
Sarasota, FL 34242
1 bd · 2 ba · 928 sqft
Terrace
MLS ID #A4669686, PREMIER SOTHEBY'S INTERNATIONAL REALTY.
Listing provided by Stellar MLS
$1,259,000
1305 4th St #401g Rt
Sarasota, FL 34236
2 bd · 3 ba · 1,344 sqft
The Gallery Sarasota
MLS ID #A4686656, COLDWELL BANKER REALTY.
Listing provided by Stellar MLS
$1,050,000
1305 4th St #302i
Sarasota, FL 34236
2 bd · 2 ba · 1,187 sqft
The Gallery Sarasota
MLS ID #A4683324, COLDWELL BANKER REALTY.
Listing provided by Stellar MLS
Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of July 21, 2026 at 12:58 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.
Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA