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The Residence Living
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5400 Ocean Boulevard Unit 15 1-4Sarasota, FL, 34242

2beds
3baths
2,374sqft
Condominium
Built in 1969
$4,000,000
For sale
Price per sqft
$1,685
Days on market
108
Listed
Jul 23
MLS #A4698001Updated Nov 7, 2026

About this property

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.

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Property details

Property type
Condominium
Street address
5400 Ocean Boulevard Unit 15 1-4
City
Sarasota
State
FL
ZIP code
34242
Year built
1969
New construction
No
Attached property
No
Faces
Southwest
Rooms
11
Building stories
1
Living area
2,374 sqft
Total building area
1,274 sqft
Architectural style
Contemporary, Mid-Century Modern
Levels
One

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Price & sale history

EventPrice
Listed for saleMLS #A4698001$4,000,000
History may be incomplete.
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