NOT LISTED FOR SALE

Beach Terrace 5400 Ocean Blvd Unit 14-3 Sarasota, FL 34242

Estimated Value: $2,654,000 - $3,266,000

3 Beds
4 Baths
2,374 Sq Ft
$2,535/mo HOA Fee

Last Sold June 16, 2022

Last sale price $3,300,000 $1,390 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $21,200/month

3 Days on Market

Highlights

  • 450 Feet of Waterfront
  • Beach View
  • Open Floorplan
  • Phillippi Shores Elementary School Rated A
  • Private Beach
  • Fireplace in Primary Bedroom

About This Home

As of June 2022

Magnificent views go on forever from this luxury double unit at the highly desirable and well-run building by Frank Folsom Smith, called the Terrace. The 14th floor offers views of the beach, Gulf of Mexico and in the evenings, city lights over downtown Sarasota. This is your chance to own a special piece of paradise. Unit comes designer furnished and allows for possibility of space utilization to create additional bedrooms if needed. Also comes with 2 under building assigned parking spaces and allows small pets. On-site management as well as on-site maintenance personnel. These opportunities don’t come along often…DON’T MISS OUT!

Last Agent to Sell the Property

Carol Thomas

MICHAEL SAUNDERS & COMPANY License #0627050 Listed on: 05/17/2022

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Lenore Treiman

MICHAEL SAUNDERS & COMPANY License #0511583

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $18,935

Year Built

  • Built in 1970

Lot Details

  • Private Beach
  • End Unit
  • East Facing Home
  • 2 Lots in the community
  • Additional Parcels

HOA Fees

  • $2,535 Monthly HOA Fees

Property Views

Home Design

  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 2,374 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Furnished
  • Bar Fridge
  • Coffered Ceiling
  • Tray Ceiling
  • Free Standing Fireplace
  • Decorative Fireplace
  • Electric Fireplace
  • Window Treatments
  • Laundry in Hall

Kitchen

  • Built-In Oven
  • Cooktop
  • Dishwasher
  • Wine Refrigerator
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Wood
  • Carpet
  • Recycled or Composite Flooring
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • Split Bedroom Floorplan
  • 4 Full Bathrooms

Parking

  • 2 Carport Spaces
  • Ground Level Parking
  • Parking Garage Space

Outdoor Features

  • Water Access
  • Deck
  • Outdoor Storage
  • Wrap Around Porch

Schools

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

Utilities

  • Humidity Control
  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include common area taxes, community pool, escrow reserves fund, fidelity bond, maintenance structure, ground maintenance, maintenance repairs, manager, pest control, pool maintenance, sewer, trash, water
  • Joy Roberts Association, Phone Number (941) 349-7700
  • Visit Association Website
  • Terrace Community
  • Terrace Subdivision
  • Association Owns Recreation Facilities
  • The community has rules related to vehicle restrictions
  • Rental Restrictions

Amenities

  • Laundry Facilities
  • Elevator
  • Community Storage Space

Recreation

  • Community Pool

Pet Policy

  • Pets up to 20 lbs
  • 1 Pet Allowed

Security

  • Card or Code Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$18,935

Year Built

Built in 1970

Lot Details

0

HOA Fees

$2,535 per month

Listing Details

  • HOA Fee Includes: Common Area Taxes, Community Pool, Escrow Reserves Fund, Fidelity Bond, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Manager, Pest Control, Pool Maintenance, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block
  • Fireplace: Yes
  • Living Area: 2374
  • New Construction: No
  • Year Built: 1970
  • Building Area Total: 3012
  • Number Of Lots: 2
  • Directions to Property: Corner of Beach Rd and Ocean Blvd, Park in guest spot.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4535547?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4535547?w=Customer
  • Floor Number: 14
  • Homestead Y N: Yes
  • Number Of Pets: 1
  • Total Acreage: Non-Applicable
  • Unit Number Y N: No
  • Subdivision Num: 7095
  • Property Description: Corner Unit
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 0.94313
  • Price per Sq Ft: 1390.06
  • Close to Original List Price Ratio: 0.94313
  • Ratio: Current Price\Building Area Total: 1095.62
  • View: Yes
  • Ownership: Condominium
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Decorative, Electric, Free Standing, Master Bedroom
  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Recycled/Composite Flooring, Tile, Hardwood
  • Full Bathrooms: 4
  • Interior Amenities: Coffered Ceiling(s), Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Stone Counters, Tray Ceiling(s)
  • Appliances Included: Bar Fridge, Built-In Oven, Cooktop, Dishwasher, Disposal, Electric Water Heater, Refrigerator, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Stories: 1
  • Window Features: Window Treatments
  • Street Number Modifier: 5400
  • Room Count: 3

Exterior Features

  • Direction Faces: East
  • Exterior Features: Storage
  • Roof: Shingle
  • Pool Private: No
  • View: City, Water
  • Water Body Name: Gulf Of Mexico
  • Waterfront: Yes
  • Patio and Porch Features: Deck, Wrap Around
  • Road Surface Type: Paved
  • Water View: Beach, Gulf/Ocean - Full
  • Water Access: Beach - Private
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Flood Zone Panel: 12115C0139F
  • Waterfront Frontage: 450
  • Water Frontage Feet Gulf Ocean: 450
  • Disclosures: Lead Paint, Seller Property Disclosure

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 2
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Ground Level, Under Building
  • Covered Parking Spaces: 2
  • Open Parking: No

Utilities

  • Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
  • Cooling: Central Air, Humidity Control
  • Heating: Heat Pump
  • Laundry Features: Corridor Access
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Pool, Water Access, Waterfront
  • Association Amenities: Cable TV, Elevator(s), Laundry, Lobby Key Required, Pool, Storage, Vehicle Restrictions
  • Association Name: Joy Roberts
  • Phone: 941-349-7700
  • Association: Yes
  • Senior Community: No
  • Condo Fees: 7606
  • Condo Fees Term: Quarterly
  • Association Website: https://accessdifference.com
  • Association Email: jroberts@accessdifference.com
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 2535
  • Association Fee Requirement: None
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 30424
  • Total Monthly Fees: 2535.33

Schools

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

Lot Info

  • Zoning: RMF3
  • Parcel Number: 0080251057
  • Additional Parcels Description: 2003249810&201302995
  • Additional Parcels: Yes
  • Flood Zone Code: VE
  • Flood Zone Date: 2016-11-04
  • Zoning Compatible Y N: Yes

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Yes
  • Pet Size: Small (16-35 Lbs.)
  • Max Pet Weight: 20
  • Minimum Lease: 2 Months
  • Approval Process: Approval thru on-site office
  • Num Timesper Year: 6
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: See Association

Tax Info

  • Tax Annual Amount: 18935
  • 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
Mar 14, 2023
Sold by
Mcclure Catherine and Mcclure Douglas
Bought by
Thomas J Fogarty Revocable Trust and Consuela Fogarty Revocable Trust
Current Estimated Value
$3,019,683

Purchase Details

Listed on
May 17, 2022
Closed on
Jun 16, 2022
Sold by
Holmes Shepherd Melody
Bought by
Mcclure Catherine and Mcclure Douglas
Seller's Agent
Carol Thomas
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Lenore Treiman
MICHAEL SAUNDERS & COMPANY
List Price
$3,499,000
Sold Price
$3,300,000
Premium/Discount to List
-$199,000
-5.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.60%

Purchase Details

Closed on
Dec 12, 2003
Sold by
Tortoga Inv Ltd
Bought by
Shepherd Melody H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
5.98%
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
Thomas J Fogarty Revocable Trust $3,400,000 --
Mcclure Catherine $33,000 Msc Title
Shepherd Melody H $800,000 --
Shepherd Melody H $800,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shepherd Melody H $560,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/16/2022 06/16/22 Sold $3,300,000 -5.7% $1,390 / Sq Ft
05/21/2022 05/21/22 Pending -- -- --
05/17/2022 05/17/22 For Sale $3,499,000 -- $1,474 / 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 $33,366 $2,877,900 -- $2,877,900
2023 $33,366 $2,811,600 $0 $2,811,600
2022 $18,796 $1,578,807 $0 $0
2021 $18,936 $1,532,822 $0 $0
2020 $19,064 $1,511,659 $0 $0
2019 $18,516 $1,477,673 $0 $0
2018 $18,174 $1,450,121 $0 $0
2017 $18,111 $1,420,295 $0 $0
2016 $7,824 $812,000 $0 $812,000
2015 $7,975 $800,000 $0 $800,000
2014 $7,947 $595,860 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    Carol Thomas

    Michael Saunders

    (941) 302-8127

    16 in this area

    26 Total Sales

    Carol Thomas
    Section Image
  • Lenore Treiman

    Buyer's Agent in 2022

    Lenore Treiman

    Michael Saunders

    (941) 356-9642

    9 in this area

    141 Total Sales

    Lenore Treiman
    Section Image
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About Beach Terrace

Map

Source: Stellar MLS

MLS Number: A4535547

Stellar MLS

APN: 0080-25-1057

Florida Sarasota County Sarasota 34242

5400 Ocean Blvd Unit 14-3, Sarasota, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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