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5400 Ocean BOULEVARD, #10-3, Siesta Key, FL, 34242 | $2,195,000
Under contract-accepting backup offers. Enjoy the beautiful expansive views of the Gulf and beach from this 3BR/2. 5 bath condo that has been in the same family for 43 years. Located on the 10th floor in one of the best designed and built condos on Siesta Key. The modernist building was designed by architect Frank Folsom Smith, and was ahead of its time. Built with poured concrete and with walls of sliding glass doors in every room to take advantage of the breathtaking views and sunsets of its ideal location on the Southern end of Siesta Village. This unit was remodeled in 2023 with luxury vinyl flooring throughout. Kitchen was opened up to the living/dining areas for a free-flowing floor plan perfect for casual living and entertaining at the beach. The upper kitchen cabinets and breakfast bar are made of monkey pod, an exotic hardwood suitable for tropical climates. Counters are half inch thick porcelain. Soft closing drawers, a pantry, black Kohler sink and wine cooler make entertaining in this sun filled kitchen more enjoyable. The large living space has two walls of glass sliders leading out to open porches with incredible views of the Gulf and beach. The Primary bedroom is off the living area and has views of the Gulf, beach, Siesta Village, Lido, and downtown Sarasota. Monkey pod wood was used in all three bathrooms along with quartz counters. The other two bedrooms are in another wing with windowed walls of sliders with just as impressive of views so no overnight guest gets left out. This 17 story structure weathered the recent storms well and is a testament to how well it was designed and built, and the care of the owners over the years. The Terrace is located at the South end of Siesta Village for easy walkability to Morton's Market, shopping and restaurants. Outside rentals are limited to 2 month minimum, but the Terrace owners may rent other units in the Terrace through the owners with no restrictions on the time period. This is perfect for an overflow of family during the busy holiday season.
Features
- Elevator: Y
- Heating: Central, Electric
- Cooling: Central Air
- Levels: 17
- Amenities: Pool
- Rooms: 8
- Bedrooms: 3
- Baths: 2 full / 1 half
- Laundry: Common Area, Same Floor As Condo Unit
- Complex: TERRACE
- Year Built: 1970
- Approx Sq. Feet: 1,437
- Est. Taxes: $14,994
- Condo Fee: $6,042 Quarterly
- Lot Desc: In County
- View: Water
- Elem. School: Phillippi Shores Elementary
- Middle School: Brookside Middle
- High School: Sarasota High
- Pet Policy: Yes
- Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Electric Water Heater, Ice Maker, Microwave, Refrigerator, Wine Refrigerator
- MLS#: A4629372
- Days on Market: 23 days
- Website: https://www.raveis.com
/prop/A4629372/5400oceanboulevard_siestakey_fl?source=qrflyer
Listing courtesy of MICHAEL SAUNDERS & COMPANY Phone: 941-349-3444
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Yokadi MejiaInsurance Sales Director, William Raveis Insurance
561.335.7966
Yokadi.Mejia@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
5400 Ocean BOULEVARD, #10-3, Siesta Key, FL, 34242
$2,195,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,756,000 | $1,756,000 | $1,756,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.545% | 6.735% | 6.826% |
| Monthly Tax Payment | $1,250 | $1,250 | $1,250 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $11,389 | $11,244 | $15,418 |
| Total Monthly Payment | $12,764 | $12,619 | $16,793 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388