NOT LISTED FOR SALE

Beach Terrace 5400 Ocean Blvd Unit 1-3 Sarasota, FL 34242

Estimated Value: $1,520,000 - $1,757,000

3 Beds
2.5 Baths
1,845 Sq Ft
$1,349/mo HOA Fee

Last Sold May 20, 2022

Last sale price $1,599,999 $867 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $11,506/month

451 Days on Market

Highlights

  • 828 Feet of Waterfront
  • Beach View
  • Fitness Center
  • Phillippi Shores Elementary School Rated A
  • Water access To Gulf or Ocean
  • Heated In Ground Pool

About This Home

As of May 2022

The Virtual Tour is a Future Rendering.

An unpolished gem ready to be renovated. Three-bedroom, two-and-a-half bathroom beach condo with private access to an oversized deep heated saltwater swimming pool overlooking the whitest beach in America! The views are stunning and the sunsets never disappoint. The total square footage is 2,245 square feet with 1,845 square feet of air conditioned space with five private balconies, three of which are oversized. Take the quick virtual tour to visualize your dream home. The northwest view overlooks the pool, beach, and gulf with amazing sunsets. The southeast view looks over a tennis court, mature trees, and the village. This flowing open floor plan is perfect for beachside living and elegant entertaining. A walkers paradise on the white sands of Siesta Beach to the heart of the village, restaurants, boutiques, and night life. The Terrace location is ideal, designed by Frank Folsom Smith it has pristine amenities and a charming ambiance. The last three years the building underwent major updates to say the least; new plumbing, new generator, new AC, relocated the well, lobby area, elevators, sitting room, and the entire exterior of the building resurfaced. Come and open your eyes and imagination to your piece of paradise.

Last Agent to Sell the Property

Holly Parry

WILLIAM RAVEIS REAL ESTATE License #0571101 Listed on: 12/30/2020

WILLIAM RAVEIS REAL ESTATE

Last Buyer's Agent

Joseph Stephens

ONE STEP AHEAD REALTY INC License #3057923

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,810

Year Built

  • Built in 1970

Lot Details

  • End Unit
  • North Facing Home
  • Irrigation
  • Condo Land Included

HOA Fees

  • $1,349 Monthly HOA Fees

Property Views

  • Garden
  • Pool

Home Design

  • Contemporary Architecture
  • Elevated Home
  • Fixer Upper
  • Slab Foundation
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,845 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • High Ceiling
  • Blinds
  • Sliding Doors
  • Family Room
  • Combination Dining and Living Room
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan

Laundry

  • Laundry Room
  • Laundry in Hall

Home Security

  • Security Lights
  • Security Gate
  • Security Fence, Lighting or Alarms
  • Closed Circuit Camera

Parking

  • 1 Carport Space
  • Ground Level Parking
  • Guest Parking
  • Assigned Parking

Pool

  • Heated In Ground Pool
  • Saltwater Pool
  • Outdoor Shower
  • Outside Bathroom Access
  • Chlorine Free
  • Pool Lighting

Outdoor Features

  • Water access To Gulf or Ocean
  • Deeded access to the beach
  • Balcony
  • Patio
  • Exterior Lighting
  • Outdoor Storage
  • Side Porch

Schools

  • Phillippi Shores Elementary School
  • Brookside Middle School
  • Sarasota High School

Utilities

  • Central Air
  • Heat Pump System
  • Underground Utilities
  • Power Generator
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, community pool, internet, maintenance structure, ground maintenance, manager, pest control, pool maintenance, recreational facilities, security, sewer, trash, water
  • Joy Roberts Association, Phone Number (941) 349-7700
  • High-Rise Condominium
  • Terrace Community
  • Terrace Subdivision
  • On-Site Maintenance
  • The community has rules related to deed restrictions, fencing, vehicle restrictions
  • Rental Restrictions

Amenities

  • Laundry Facilities
  • Elevator
  • Community Storage Space

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Pet Size Limit
  • 2 Pets Allowed
  • Very small pets allowed

Security

  • Security Service
  • Card or Code Access
  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,810

Year Built

Built in 1970

Lot Details

0

HOA Fees

$1,349 per month

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Internet, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Pool Maintenance, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Condition: Fixer
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary
  • Construction Materials: Block, Concrete, Stucco
  • Fireplace: No
  • Living Area: 1845
  • Lot Size Acres: 2.08
  • New Construction: No
  • Year Built: 1970
  • Building Area Total: 2246
  • Lot Size Sq Ft: 90633
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4486556?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4486556?w=Customer
  • Floor Number: 1
  • Homestead Y N: No
  • Number Of Pets: 2
  • Total Acreage: 2 to less than 5
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Property Description: Corner Unit, Elevated, End Unit, High Rise
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 867.21
  • Close to Original List Price Ratio: 0.89136
  • Ratio: Current Price\Building Area Total: 712.38
  • View: Yes
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: High Ceiling(s), Living Room/Dining Room Combo, Open Floorplan, Split Bedroom
  • Appliances Included: Dishwasher, Microwave, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Other Equipment: Generator
  • Stories: 1
  • Window Features: Blinds
  • Room Count: 5
  • Additional Rooms: Family Room
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: North
  • Other Structures: Storage
  • Pool Features: Chlorine Free, Heated, In Ground, Lighting, Outside Bath Access, Salt Water
  • Exterior Features: Balcony, Irrigation System, Lighting, Outdoor Shower, Sliding Doors, Storage
  • Roof: Other
  • Pool Private: Yes
  • View: Garden, Pool, Water
  • Water Body Name: Gulf Of Mexico
  • Waterfront: Yes
  • Patio and Porch Features: Other, Patio, Porch, Side Porch
  • Road Surface Type: Other, Paved
  • Water View: Beach, Gulf/Ocean - Full
  • Water Access: Beach - Access Deeded, Gulf/Ocean
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Waterfront Frontage: 828
  • Water Frontage Feet Beach Pub: 414
  • Water Frontage Feet Gulf Ocean: 414
  • Disclosures: Condominium Disclosure Available, Lead Paint, Seller Property Disclosure

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Assigned, Covered, Ground Level, Guest
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public, Sewer Connected, Street Lights, Underground Utilities, Water Connected
  • Cooling: Central Air
  • Heating: Electric, Heat Pump
  • Laundry Features: Corridor Access, Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Public Remarks Required: One or more photo(s) has been virtually staged.
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Fitness, Pool, Waterfront
  • Association Amenities: Cable TV, Elevator(s), Fence Restrictions, Fitness Center, Laundry, Lobby Key Required, Maintenance, Pool, Security, Storage, Vehicle Restrictions
  • Association Fee Frequency: Quarterly
  • Association Name: Joy Roberts
  • Phone: 941-349-7700
  • Association: Yes
  • Security: Closed Circuit Camera(s), Fire Alarm, Gated Community, Key Card Entry, Security Fencing/Lighting/Alarms, Security Gate, Security Lights, Smoke Detector(s)
  • Senior Community: No
  • Condo Fees: 4048
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: Yes
  • Monthly Condo Fee Amount: 1349
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 16192
  • Total Monthly Fees: 1349.33

Schools

  • Elementary School: Phillippi Shores Elementary
  • High School: Sarasota High
  • Middle Or Junior School: Brookside Middle

Lot Info

  • Zoning: RMF1
  • Parcel Number: 0080251003
  • Additional Parcels: No
  • Fencing: Other
  • Flood Zone Code: VE
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Negotiable
  • Pets Allowed: Number Limit, Size Limit, Yes
  • Pet Size: Very Small (Under 15 Lbs.)
  • Minimum Lease: 2 Months
  • Approval Process: Board Approval
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: none

Tax Info

  • Tax Annual Amount: 9810.22
  • Tax Book Number: 3-46
  • Tax Lot: 0

Multi Family

  • Waterfront Features: Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 25, 2025
Sold by
Kempf Mark A and Kempf Lori
Bought by
Mark A Kempf Trust and Kempf
Current Estimated Value
$1,681,667

Purchase Details

Listed on
Dec 30, 2020
Closed on
May 20, 2022
Sold by
Royal Swazi Llc
Bought by
Kempf Mark A and Kempf Lori
Seller's Agent
Holly Parry
WILLIAM RAVEIS REAL ESTATE
Buyer's Agent
Joseph Stephens
ONE STEP AHEAD REALTY INC
Sold Price
$1,599,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.46%
Original Mortgage
$1,199,999
Interest Rate
4.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 18, 2019
Sold by
Elger Scott K and Elger Joyce A
Bought by
Royal Swazi Llc

Purchase Details

Closed on
Nov 1, 1999
Sold by
Guyer Virginia J
Bought by
Elger Scott K and Elger Joyce A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
7.81%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mark A Kempf Trust $100 None Listed On Document
Kempf Mark A $1,599,999 None Listed On Document
Royal Swazi Llc $945,600 Attorney
Elger Scott K $355,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kempf Mark A $1,199,999
Previous Owner Elger Scott K $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2022 05/20/22 Sold $1,599,999 0.0% $867 / Sq Ft
03/26/2022 03/26/22 Pending -- -- --
02/16/2022 02/16/22 For Sale -- -- --
02/04/2022 02/04/22 Pending -- -- --
07/12/2021 07/12/21 Price Changed $1,599,999 -3.0% $867 / Sq Ft
04/14/2021 04/14/21 Price Changed $1,649,999 -2.9% $894 / Sq Ft
02/23/2021 02/23/21 Price Changed $1,699,999 -5.3% $921 / Sq Ft
12/30/2020 12/30/20 For Sale $1,795,000 -- $973 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $16,249 $1,538,802 -- --
2023 $16,249 $1,393,400 $0 $1,393,400
2022 $11,751 $1,064,000 $0 $1,064,000
2021 $9,810 $768,500 $0 $768,500
2020 $11,014 $849,300 $0 $849,300
2019 $11,807 $940,900 $0 $940,900
2018 $10,456 $809,800 $0 $809,800
2017 $10,635 $809,800 $0 $809,800
2016 $10,906 $809,800 $0 $809,800
2015 $10,737 $797,900 $0 $797,900
2014 $9,465 $614,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2022

    Holly Parry

    WILLIAM RAVEIS REAL ESTATE

    (941) 809-8050

    4 in this area

    11 Total Sales

    Holly Parry
    Section Image

  • J

    Buyer's Agent in 2022

    Joseph Stephens

    ONE STEP AHEAD REALTY INC

    (941) 400-9084

    1 in this area

    40 Total Sales

    Joseph Stephens
    Section Image
See All Agents

About Beach Terrace

Map

Source: Stellar MLS

MLS Number: A4486556

Stellar MLS

APN: 0080-25-1003

Florida Sarasota County Sarasota 34242

5400 Ocean Blvd Unit 1-3, Sarasota, FL

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