NOT LISTED FOR SALE

Beach Terrace 5400 Ocean Blvd Unit 2-1 Sarasota, FL 34242

Estimated Value: $1,363,000 - $2,065,000

3 Beds
3 Baths
1,677 Sq Ft
$1,349/mo HOA Fee

Last Sold April 06, 2022

Last sale price $2,400,000 $1,431 Per Sq Ft

Est. 22% decrease in value since last sale

Current estimated payment $12,770/month

571 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 Lap Pool

About This Home

As of April 2022

Location location location, rarely available, spacious three-bedroom, three-bath, Gulf-Front unit! On the beach in The TERRACE building. Designed by Frank Folsom Smith in 1970 and built right after Plymouth Harbor on St. Armands. The location is second to none, directly on the beach and just steps away from the heart of the village. Enjoy all the restaurants, boutiques, markets, spas, and night life within two blocks. This fabulous beachfront corner unit has five over-sized balconies with stunning sunsets. The building recently underwent major renovations; plumbing, AC, generator, well, exterior concrete restoration, new fences, new entry security, interiors updated in the lobby, lounge, fitness/game area, and elevators. The swimming pool is fantastic; over-sized, extremely deep, heated, saltwater with full gulf-front views. If you enjoy sunsets and walking the beach you have found paradise. The award winning white sugar sand of Siesta Key, the finest white sand in America is your doorstep. Dreams do come true and this can be yours. Quarantine in paradise. This unit also has an assigned undercover parking spot close to the entry door.

Last Agent to Sell the Property

Holly Parry

WILLIAM RAVEIS REAL ESTATE License #0571101 Listed on: 08/10/2020

WILLIAM RAVEIS REAL ESTATE

Last Buyer's Agent

Christen Woods

COMPASS FLORIDA, LLC License #3484769

COMPASS FLORIDA, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,584

Year Built

  • Built in 1970

Lot Details

  • End Unit
  • East Facing Home
  • Mature Landscaping

HOA Fees

  • $1,349 Monthly HOA Fees

Property Views

  • Woods

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Concrete Siding

Interior Spaces

  • 1,677 Sq Ft Home
  • Open Floorplan
  • Crown Molding
  • High Ceiling
  • Shutters
  • Drapes & Rods
  • Sliding Doors
  • Great Room
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Breakfast Room
  • Storage Room
  • Laundry Room

Kitchen

  • Convection Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • 3 Full Bathrooms

Home Security

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

Parking

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

Pool

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

Outdoor Features

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

Schools

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

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Underground Utilities
  • Power Generator
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, community pool, internet, maintenance structure, ground maintenance, maintenance repairs, manager, pool maintenance, security, sewer, trash, water
  • Joy Roberts Association, Phone Number (941) 349-7700
  • High-Rise Condominium
  • Terrace Community
  • Terrace Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions
  • 16-Story Property

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Pet Size Limit
  • Very small pets allowed

Security

  • Card or Code Access
  • Hurricane or Storm Shutters
  • Fire and Smoke Detector
  • Fire Sprinkler System

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,584

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, Maintenance Repairs, Manager, Pool Maintenance, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary
  • Construction Materials: Concrete
  • Fireplace: No
  • Living Area: 1677
  • Lot Size Acres: 2.08
  • New Construction: No
  • Year Built: 1970
  • Lot Size Sq Ft: 90633
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4472758?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4472758?w=Customer
  • Floor Number: 2
  • Homestead Y N: No
  • Unit Number Y N: No
  • Property Description: Corner Unit, End Unit, High Rise
  • Ratio: Close Price\List Price: 0.92308
  • Price per Sq Ft: 1431.13
  • Close to Original List Price Ratio: 0.85745
  • View: Yes
  • Ownership: Condominium
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Hardwood
  • Full Bathrooms: 3
  • Interior Amenities: Crown Molding, Elevator, High Ceiling(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Split Bedroom, Stone Counters, Window Treatments
  • Appliances Included: Convection Oven, Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Other Equipment: Generator
  • Spa Yn: No
  • Stories: 16
  • Window Features: Drapes, Shutters
  • Room Count: 5
  • Additional Rooms: Breakfast Room Separate, Great Room, Storage Rooms
  • ResoLivingAreaSource: Owner

Exterior Features

  • Direction Faces: East
  • Other Structures: Storage
  • Pool Features: Heated, In Ground, Lap, Lighting, Outside Bath Access, Salt Water
  • Exterior Features: Balcony, Hurricane Shutters, Outdoor Shower, Sliding Doors, Storage
  • Roof: Other
  • Pool Private: Yes
  • View: Trees/Woods, Water
  • Waterfront: Yes
  • Patio and Porch Features: Other, Porch, Side Porch
  • Road Surface Type: 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, HOA/PUD/Condo Disclosure, 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: Central, Electric, Heat Pump
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Fitness
  • Association Amenities: Pool
  • Association Fee Frequency: Quarterly
  • Association Name: Joy Roberts
  • Phone: 941-349-7700
  • Association: Yes
  • Security: Closed Circuit Camera(s), Fire Alarm, Fire Sprinkler System, Key Card Entry, Security Fencing/Lighting/Alarms, Security Lights
  • Senior Community: No
  • Condo Fees: 4048
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: No
  • 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: 0080251006
  • Additional Parcels: No
  • Fencing: Other
  • Flood Zone Code: VE
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Size Limit, Yes
  • Pet Size: Very Small (Under 15 Lbs.)
  • Minimum Lease: 2 Months
  • Approval Process: Application submitted, copy of lease, fee submitted to Association
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: See Association Documents for Restrictions

Tax Info

  • Tax Annual Amount: 6584.5
  • Tax Book Number: 3-46
  • Tax Lot: 21

Multi Family

  • Waterfront Features: Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2020
Closed on
Apr 4, 2022
Sold by
Parry Laurence H and Parry Valerie M
Bought by
Rondinelli Joseph R and Rondinelli Emily M
Seller's Agent
Holly Parry
WILLIAM RAVEIS REAL ESTATE
Buyer's Agent
Christen Woods
COMPASS FLORIDA, LLC
List Price
$2,599,999
Sold Price
$2,400,000
Premium/Discount to List
-$199,999
-7.69%
Current Estimated Value
$1,882,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$517,932
Avg. Annual Appreciation
-6.60%
Original Mortgage
$1,680,000
Interest Rate
4.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2004
Sold by
Parry Laurence H and Parry Valerie M
Bought by
Parry Laurence H and Parry Valerie M

Purchase Details

Closed on
Apr 28, 1995
Sold by
Gilloway Thomas J and Gilloway Frances W
Bought by
Parry Laurence H and Parry Valerie M

Purchase Details

Closed on
Jul 23, 1993
Sold by
Grubb John W and Grubb Christy Lea
Bought by
Gilloway Thomas J and Gilloway Frances W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.49%
Source: Public Records

Range of Values:

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Average Value
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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
Rondinelli Joseph R $2,400,000 New Title Company Name
Parry Laurence H -- --
Parry Laurence H $418,000 --
Gilloway Thomas J $395,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rondinelli Joseph R $1,680,000
Previous Owner Gilloway Thomas J $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/06/2022 04/06/22 Sold $2,400,000 -7.7% $1,431 / Sq Ft
03/04/2022 03/04/22 Pending -- -- --
06/16/2021 06/16/21 For Sale $2,599,999 0.0% $1,550 / Sq Ft
06/10/2021 06/10/21 Pending -- -- --
04/14/2021 04/14/21 Price Changed $2,599,999 -2.3% $1,550 / Sq Ft
03/23/2021 03/23/21 Price Changed $2,659,999 -5.0% $1,586 / Sq Ft
08/10/2020 08/10/20 For Sale $2,799,000 -- $1,669 / 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 $18,836 $1,539,100 -- $1,539,100
2023 $18,836 $1,582,700 $0 $1,582,700
2022 $6,565 $557,638 $0 $0
2021 $6,585 $541,396 $0 $0
2020 $6,619 $533,921 $0 $0
2019 $6,416 $521,917 $0 $0
2018 $6,287 $512,185 $0 $0
2017 $6,261 $501,650 $0 $0
2016 $6,348 $1,029,500 $0 $1,029,500
2015 $6,467 $1,014,300 $0 $1,014,300
2014 $6,444 $476,892 $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

  • C

    Buyer's Agent in 2022

    Christen Woods

    COMPASS FLORIDA, LLC

    2 in this area

    5 Total Sales

    Christen Woods
    Section Image
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About Beach Terrace

Map

Source: Stellar MLS

MLS Number: A4472758

Stellar MLS

APN: 0080-25-1006

Florida Sarasota County Sarasota 34242

5400 Ocean Blvd Unit 2-1, Sarasota, FL

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