$4,000,000
Active5400 Ocean Blvd #15 1-4, Sarasota, FL 34242
2 beds · 2.5 baths · 2,374 sq ft
Listing courtesy of MICHAEL SAUNDERS & COMPANY · MLS# A4698001
97 days on market
Refreshed from the Stellar MLS feed . This listing’s MLS record last changed .
About this home
What’s special
- Gulf of Mexico views
- Sarasota Bay views
- Floor-to-ceiling glass doors
- Etimoe hardwood core
- Clear-coated concrete ceiling
- Custom steel desk
- Private beach access
AI-selected highlights from the listing description below.
Perched 15 floors above the Gulf of Mexico within The Terrace—Frank Folsom Smith's iconic beach-front landmark on Siesta Key—two corner residences were combined to create an extraordinary 2,365-SF home. Completely reimagined by award-winning architect Michael Halflants of Halflants + Pichette Studio for Modern Architecture, the residence received the prestigious AIA Florida/Caribbean Honor Award of Excellence in Interior Design and was featured in Sarasota Magazine's Dream Homes issue. Original interior walls were removed to reveal uninterrupted vistas that extend along the shoreline of Siesta Key, across Sarasota Bay, and to the downtown Sarasota skyline. The result is a flowing two-bedroom, two-and-a-half-bath residence where panoramic views, exceptional materials, and thoughtful design exist in perfect balance. At the center of the home, a sculptural Etimoe hardwood core houses the kitchen, storage, primary bath, and an expansive walk-in closet, bringing warmth and architectural definition to the open floor plan. Floor-to-ceiling, seven-panel bi-fold glass doors disappear completely at the corners, creating a seamless connection to the Gulf and inviting coastal breezes into the living spaces. Custom folding partitions provide privacy between the primary suite and main living areas without compromising the home's openness or visual continuity. Thoughtful custom details continue throughout the residence, including a custom steel desk overlooking the Gulf of Mexico, creating a work-from-home setting few could rival. The raw concrete ceiling from Smith's original 1969 design was scraped and clear-coated to a soft sheen, transforming a defining element of the building into a striking contemporary feature. Large-format porcelain tile, custom steel detailing, and carefully selected wood finishes complete a sophisticated material palette that feels both timeless and contemporary. Residents of The Terrace enjoy private access to Siesta Key's renowned beach and are just moments from the shops, restaurants, and energy of Siesta Village. More than a luxury beachfront residence, this is a rare opportunity to own an award-winning home within one of Sarasota's most recognizable waterfront landmarks, where exceptional architecture and Gulf-front living are seamlessly intertwined.
Facts
- Property type
- Condominium
- Year built
- 1969
- Bathrooms
- 2 full, 1 half
- Living area
- 2,374 sqft
- Waterfront
- Yes · 130 ft
- Water access
- Beach - Access Deeded, Gulf/Ocean
- Water view
- Yes
- Private pool
- No
- Exposure
- Southwest
- Furnished
- Partially
- Flood zone
- AE
- CDD
- No
- 55+ community
- No
- Annual taxes
- $30,871/yr
- Monthly fees
- $3,600/mo
- Listed
- Jul 23, 2026
- MLS #
- A4698001
Virtual tour
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Estimate the monthly payment
Estimate by Lasbury Tracy Realty — not a loan offerStarting figures for 5400 OCEAN BLVD #15 1-4. Everything below is editable.
AssumptionNot a quoted rate. Ask a lender what you actually qualify for today.
From this listingThe seller's most recent annual tax bill as reported to the MLS. Your bill will differ — Florida reassesses on sale and homestead caps reset.
Editable estimateA placeholder, not a quote. On the Gulf Coast this is the line item most likely to be wrong: premiums swing on roof age, wind mitigation, elevation, and carrier appetite. Get a real quote before you rely on this number.
Starts at $0Deliberately zero until you enter a figure — we will not inflate a payment with a guess. Many homes here need it; ask us for the property's flood zone and the current policy's premium.
From this listingMonthly association fee as reported to the MLS. Confirm what it includes, and ask about special assessments.
AssumptionNot applied — your down payment is 20% or more.
Estimated total monthly payment
$29,732
$20,226 of that is principal & interest. 32% is taxes, insurance and fees — which is why those inputs matter more here than the rate does.
- Principal & interest
- $20,226
- Property taxes
- $2,573
- Homeowners insurance
- $3,333
- Flood insurance
- $0
- HOA / condo fees
- $3,600
- Mortgage insurance (PMI)
- $0
- Total per month
- $29,732
Over the life of the loan
- Loan amount
- $3,200,000
- Down payment
- $800,000
- Total interest
- $4,081,424
- Principal + interest paid
- $7,281,424
- Paid off in
- 2056
Interest is the exact schedule total for a fixed-rate loan held to term and assumes no extra payments. Taxes, insurance and fees are not included in these lifetime figures because they change every year.
Calculated on this page from the figures above — nothing is sent anywhere and no lender is quoting you. Figures are estimates for planning only, not a pre-approval, commitment to lend, or a statement of the taxes and insurance you will actually be charged. Lasbury Tracy Realty Inc. is a real estate brokerage, not a lender or an insurance agent.
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5400 Ocean Blvd #15 1-4, Sarasota, FL 34242
Listing courtesy of MICHAEL SAUNDERS & COMPANY · MLS# A4698001 · Active
Where this home is
Opens on aerial — on this coast the canal, the lot and the neighbours answer more questions than a street grid does.
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