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5400 Ocean Boulevard #15 1-4

SARASOTA, FL 34242
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Bed 2

Bed

Bath 3

Bath

SqFt2,374

Sqft

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.

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Detail Ic Property Details

Property Type : Residential

Price : $4,000,000

AD Id : 88325715

MLS Id : MFRA4698001

Beds : 2

Living Area Size : 2,374

Year Built : 1969

County : Sarasota

Subdivision: The Terrace

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Feature Features

  • Bedroom Information

    Total Bedroom: 2

    Bathroom Information

    Total Baths: 3 Full Baths: 2 Half Baths: 1

    Interior Features

    Built-in Features, Kitchen/Family Room Combo, Solid Surface Counters, Thermostat, Walk-In Closet(s), Wet Bar, Window Treatments Roof: Membrane Appliances: Bar Fridge, Built-In Oven, Cooktop, Dishwasher, Dryer, Freezer, Range Hood, Refrigerator, Tankless Water Heater, Washer, Wine Refrigerator Laundry Features: Common Area

    Roofing Information

    Membrane
  • Flooring Information

    Flooring: Tile Construction Materials: Concrete
  • Heating & Cooling

    Heating: Electric Cooling: Central Air, Zoned Water front: 1 WaterSource: Public

  • Building Information

    Year Built: 1969
  • Exterior Features

    Balcony Construction Materials: Concrete Foundation Details: Slab

  • Property Information

    Property Type: Residential Sub Type: Condominium Style: Contemporary, Mid-Century Modern

  • Listing Price Information

    Original List Price:$4000000

  • Tax Information

    Tax Book Number: 3-46 Tax Lot: 0 Tax Legal Description: UNITS 15-1 & 15-4 THE TERRACE, BEING SAME LANDS AS DESC AS 2014109920 & 2019105728 Annual Tax: $30871 Tax Year: 2025 Parcel Number: 0080251062

  • Parking Information

    Assigned, Covered

    Homeowners Association Information

    Included Fees: Common Area Taxes, Pool, Maintenance Structure, Maintenance Grounds, Management Included Amenities: Elevators, Fitness Center, Gated, Lobby Key Required, Maintenance, Pool, Storage

  • School Information

    Elementary School: Phillippi Shores Elementary Junior High School: Brookside Middle Senior High School: Sarasota High
  • Utility Information

    Electricity Connected, Water Connected Sewer: Public Sewer Water Source: Public
  • Location Information

    Subdivision: THE TERRACE City: SARASOTA Direction: South bridge, Stickney Point, make a right onto Beach Avenue travel xxx miles until the road makes a right onto Ocean Avenue nearing Siesta Key Village. Make a left on to Ocean Avenue, left into Beach Terrace. Guest parking toward the Gulf.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Undisclosed Address, Sarasota, FL, 34242 $480,000 2 2 1,012 1,012 SqFt
9397 Midnight Pass Road.., Sarasota, FL, 34242 $699,000 2 2 1,348 1,348 SqFt
9397 Midnight Pass Road.., Sarasota, FL, 34242 $364,000 1 1 778 778 SqFt
9393 Midnight Pass Road.., Sarasota, FL, 34242 $649,000 2 2 1,279 1,279 SqFt
9393 Midnight Pass Road.., Sarasota, FL, 34242 $659,000 2 2 1,380 1,380 SqFt
9200 Midnight Pass Road.., Sarasota, FL, 34242 $429,000 1 1 906 906 SqFt
9050 Midnight Pass Road.., Sarasota, FL, 34242 $695,000 2 2 1,251 1,251 SqFt
8977 Midnight Pass Road.., Sarasota, FL, 34242 $585,900 2 2 1,233 1,233 SqFt
8911 Midnight Pass Road.., Sarasota, FL, 34242 $559,000 2 2 1,093 1,093 SqFt
8911 Midnight Pass Road.., Sarasota, FL, 34242 $595,000 3 2 1,415 1,415 SqFt
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ByOwner last updated this listing 07/26/2026 @ 18:20

MLS: MFRMLS #A4698001 LISTED BY: Mickey Kiernan, MICHAEL SAUNDERS & COMPANY 941-349-3444 SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS) (Listings courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID)

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