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.
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.
Property Details
Price:
$4,000,000
MLS #:
A4698001
Status:
Active
Beds:
2
Baths:
2.5
Type:
Condo
Subtype:
Condominium
Subdivision:
TERRACE
Neighborhood:
34242sarasotacrescentbeachsiestakey
Listed Date:
Jul 23, 2026
Finished Sq Ft:
2,374
Total Sq Ft:
1,274
Year Built:
1969
See this Listing
Schools
Elementary School:
Phillippi Shores Elementary
Middle School:
Brookside Middle
High School:
Sarasota High
Interior
Appliances
Bar Fridge, Built-In Oven, Cooktop, Dishwasher, Dryer, Freezer, Range Hood, Refrigerator, Tankless Water Heater, Washer, Wine Refrigerator
Bathrooms
2 Full Bathrooms, 1 Half Bathroom
Cooling
Central Air, Zoned
Flooring
Porcelain Tile
Heating
Electric
Interior Features
Built-in Features, Kitchen/Family Room Combo, Solid Surface Counters, Thermostat, Walk-In Closet(s), Wet Bar, Window Treatments
Laundry Features
Common Area
Levels
One
Exterior
Architectural Style
Contemporary, Mid-Century Modern
Association Amenities
Elevator(s), Fitness Center, Gated, Lobby Key Required, Maintenance, Pool, Storage
Common Walls
Corner Unit
Community Features
Gulf/Ocean Front, Buyer Approval Required, Gated Community – No Guard, Pool
Construction Materials
Concrete
Covered Spaces
2
Direction Faces
Southwest
Exterior Features
Balcony
Parking Features
Assigned, Covered
Roof
Membrane
View
City, Water
Waterfront Features
Gulf/Ocean Front, Beach, Gulf/Ocean
Window Features
Blinds, Storm Window(s)
Financial
HOA Includes
Common Area Taxes, Community Pool, Maintenance Structure, Maintenance Grounds, Manager, Pool Maintenance
HOA Name
MaryAnn Burchell
HOA Phone
941-349-7700
Tax Year
2025
Taxes
$30,871
Map
Community
- Address5400 OCEAN BOULEVARD UNIT #15 1-4 SARASOTA FL
- SubdivisionTERRACE
- CitySARASOTA
- CountySarasota
- Zip Code34242
Market Summary
Property Summary
- Located in the TERRACE subdivision, 5400 OCEAN BOULEVARD UNIT #15 1-4 SARASOTA FL is a Condo for sale in SARASOTA, FL, 34242. It is listed for $4,000,000 and features 2 beds, 3 baths, and has approximately 2,374 square feet of living space, and was originally constructed in 1969. The current price per square foot is $1,685. The average price per square foot for Condo listings in SARASOTA is $642. The average listing price for Condo in SARASOTA is $1,406,408. To schedule a showing of MLS#a4698001 at 5400 OCEAN BOULEVARD UNIT #15 1-4 in SARASOTA, FL, contact your InvestPro Properties, Inc. agent at 561-203-7022.
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Courtesy of MICHAEL SAUNDERS & COMPANY. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Orlando/Tampa – FL. Detailed information about real estate listings held by brokerage firms other than InvestPro Properties, Inc. include the name of the listing broker. Neither the listing company nor InvestPro Properties, Inc. shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. Orlando/Tampa – FL. All rights reserved. 5400 OCEAN BOULEVARD UNIT #15 1-4
SARASOTA, FL
