$4,000,000

5400 Ocean Blvd #15 1-4Sarasota, FL 34242

  • 2 beds
  • 2.5 baths
  • 2,374 sqft
  • 105 days on market

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.

Virtual tour

Facts

Property type
Condominium
Year built
1969
Stories
1
Pool
No
Waterfront
Yes
Water view
Beach,Gulf/Ocean - Full
Subdivision
TERRACE
Community
Terrace
County
Sarasota
CDD
0
Annual taxes
$30,871 (2025)
Flood zone
AE
Pets
Cats OK, Dogs OK, Yes
New construction
No
MLS #
A4698001

Features

Interior
Built-in Features, Kitchen/Family Room Combo, Solid Surface Counters, Thermostat, Walk-In Closet(s), Wet Bar, Window Treatments
Appliances
Bar Fridge, Built-In Oven, Cooktop, Dishwasher, Dryer, Freezer, Range Hood, Refrigerator, Tankless Water Heater, Washer, Wine Refrigerator
Flooring
Tile
Heating
Electric
Cooling
Central Air, Zoned
Exterior
Balcony
Parking
Assigned, Covered
Construction
Concrete
Roof
Membrane
View
City, Water, Beach, Gulf/Ocean - Full
Community features
Buyer Approval Required, Gated Community - No Guard, Pool
Association amenities
Elevators, Fitness Center, Gated, Lobby Key Required, Maintenance, Pool, Storage
HOA fee includes
Common Area Taxes, Pool, Maintenance Structure, Maintenance Grounds, Management
Utilities
Electricity Connected, Water Connected
Water
Public
Sewer
Public Sewer
Elementary school
Phillippi Shores Elementary
Middle school
Brookside Middle
High school
Sarasota High

Location

Stellar MLS Listing courtesy of MICHAEL SAUNDERS & COMPANY. MLS # A4698001.

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Stellar MLS

Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2026, Stellar MLS. Last updated: 2026-11-05 1:15 AM EST.