Putnam Realty GroupFlorida Home Value AI · Michael Putnam, Sales Associate

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5400 OCEAN BOULEVARD ##15 1-4
$4,000,000

5400 OCEAN BOULEVARD ##15 1-4

SARASOTA, FL 34242 · Condominium

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Bedrooms2
Bathrooms2 full, 1 half
Living area2,374 Sq. Ft.
Total area1,274 Sq. Ft.
Year built1969
Carport2 spaces
Stories1
WaterfrontYes
Flood zoneAE
SubdivisionTERRACE
Days on market79
MLS numberMFRA4698001

Property taxes: $30,871 (2025) is the current owner's bill. In Florida the bill usually goes up after a sale, when the homestead cap and exemption go away. See what yours would be.

About this home

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.

Features

InteriorBuilt-in Features, Kitchen/Family Room Combo, Solid Surface Counters, Thermostat, Walk-In Closet(s), Wet Bar, Window Treatments
AppliancesBar Fridge, Built-In Oven, Cooktop, Dishwasher, Dryer, Freezer, Range Hood, Refrigerator, Tankless Water Heater, Washer, Wine Refrigerator
FlooringTile
LaundryCommon Area
WindowsBlinds, Storm Window(s)
ExteriorBalcony
ViewCity, Water, Beach, Gulf/Ocean - Full
WaterfrontBeach Front, Gulf/Ocean
Body of waterGULF OF MEXICO
ParkingAssigned, Covered
ConstructionConcrete
RoofMembrane
FoundationSlab
StyleContemporary, Mid-Century Modern
LevelsOne
FacesSouthwest
HeatingElectric
CoolingCentral Air, Zoned
UtilitiesElectricity Connected, Water Connected
SewerPublic Sewer
WaterPublic
CommunityBuyer Approval Required, Gated Community - No Guard, Pool
Association amenitiesElevators, Fitness Center, Gated, Lobby Key Required, Maintenance, Pool, Storage
HOA fee includesCommon Area Taxes, Pool, Maintenance Structure, Maintenance Grounds, Management
PetsCats OK, Dogs OK, Yes
FurnishedPartially
Sale conditionsNone
Elementary schoolPhillippi Shores Elementary
Middle schoolBrookside Middle
High schoolSarasota High
CountySarasota

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Listing courtesy of MICHAEL SAUNDERS & COMPANY, 941-349-3444 (Mickey Kiernan). Stellar MLS via MLS GRID.

Listings courtesy of Stellar MLS as distributed by MLS GRID. Information is deemed reliable but is not guaranteed accurate by Stellar MLS, MLS GRID, or Putnam Realty Group, and should be independently verified. This 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. Properties may be listed by brokerages other than Putnam Realty Group. To report an inaccuracy, contact Michael Putnam at 941-662-9941 or [email protected].