5400 OCEAN BOULEVARD #15 1-4

Property Details

Description

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 & Costs

Property type

Condominium

Year built

1969

Stories

1

Half baths

1

Price per sq ft

$1,685

Days on market

69

Private pool

No

Waterfront

Yes

Community

Terrace

Subdivision

TERRACE

County

Sarasota

Flood zone

AE

Monthly & yearly costs

Property taxes

$30,871 / year (2025)

As reported by the listing agent. Verify with the HOA and county.

Construction & systems

Heating

Electric

Cooling

Central Air, Zoned

Flooring

Tile

Roof

Membrane

Construction

Concrete

Parking

Assigned, Covered

View

City, Water, Beach, Gulf/Ocean - Full

Payment Estimate

$22,799 / month

Principal & interest

$20,226

Property taxes

$2,573

HOA

$0

Home insurance

enter below

Estimate only, not a loan offer. Rate is a starting value; taxes and HOA are as reported by the listing agent. Florida insurance (including flood) varies widely. Ask George for a lender referral.

Location

Features & Amenities

• Bar Fridge
• Built-In Oven
• Cooktop
• Dishwasher
• Dryer
• Freezer
• Range Hood
• Refrigerator
• Tankless Water Heater
• Washer
• Wine Refrigerator
• Built-in Features
• Kitchen/Family Room Combo
• Solid Surface Counters
• Thermostat
• Walk-In Closet(s)
• Wet Bar
• Window Treatments
• Balcony
• Beach Front
• Gulf/Ocean