NOT LISTED FOR SALE

Beach Terrace 5400 Ocean Blvd Unit 8-4 Sarasota, FL 34242

Estimated Value: $702,000 - $1,034,000

1 Bed
1 Bath
928 Sq Ft
$1,126/mo HOA Fee

Last Sold March 15, 2022

Last sale price $765,000 $824 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $6,309/month

1 Day on Market

Highlights

  • 1,656 Feet of Waterfront
  • Water access To Gulf or Ocean
  • Fitness Center
  • Beach View
  • Private Beach
  • In Ground Pool

About This Home

As of March 2022

OPPORTUNITY KNOCKING! Own your own piece of Paradise on Siesta Key! This oversized one bedroom condo in the iconic Terrace Building offers opportunities galore! Do some minor work and rent it out seasonally or annually. Or completely remodel to your own specific tastes! Several one bedroom unit owners have easily created additional sleeping areas. Because of the ample square footage, an additional sleeping area can be created in the great room or the large bedroom can be divided to create 2 private sleeping areas! Please see additional pictures at the end of photo collection. There are THREE sample photos of what a renovated unit looks like (with owner permission) Many, many options with this unit to get into the Terrace building at a great price! TWO long balconies line each side of the living area. One offers unobstructed views down the entire key including Gulf and Beach views. The second balcony offers views to the north including Big Pass, Siesta and Lido! Another balcony is attached to the large bedroom providing incredible natural light. Private beach, elevated heated pool and deck overlooking the beach and gulf, covered parking, fitness room. Many building upgrades including central alarms attached to plumbing and a geo-thermal HVAC system that keeps costs unbelievably affordable! This unique building offers what few on Siesta Key can; unparalleled views of Siesta Beach and Gulf of Mexico along with walking access to some of the best dining and shopping on Siesta Key.
Please note this building also recently underwent many improvements including new plumbing, A.C. generator and well work. The lobby was also updated and redecorated. Vacant and easy to show!

Last Agent to Sell the Property

Kim Sheridan

WATERSIDE REALTY LLC License #3059702 Listed on: 02/14/2022

Last Buyer's Agent

Tina Johns

COLDWELL BANKER REALTY License #3125067

COLDWELL BANKER REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,447

Year Built

  • Built in 1970

Lot Details

  • Private Beach
  • End Unit
  • Southeast Facing Home

HOA Fees

  • $1,126 Monthly HOA Fees

Property Views

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Concrete Siding

Interior Spaces

  • 928 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Sliding Doors
  • Combination Dining and Living Room
  • Laundry in Hall

Kitchen

  • Range
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • 1 Carport Space
  • Guest Parking
  • Off-Street Parking
  • Assigned Parking

Pool

  • In Ground Pool
  • Outdoor Shower
  • Outside Bathroom Access
  • Pool Lighting

Outdoor Features

  • Water access To Gulf or Ocean
  • Deeded access to the beach
  • Balcony
  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Active Adult
  • Association fees include cable TV, common area taxes, community pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, maintenance repairs, manager, pest control, pool maintenance, security, trash
  • 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

Amenities

  • Laundry Facilities
  • Elevator
  • Community Storage Space

Recreation

  • Fitness Center
  • Community Pool
  • Fishing

Pet Policy

  • Pet Size Limit
  • 1 Pet Allowed
  • Very small pets allowed

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,447

Year Built

Built in 1970

Lot Details

0

HOA Fees

$1,126 per month

Listing Details

  • HOA Fee Includes: Cable TV, Common Area Taxes, Community Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Manager, Pest Control, Pool Maintenance, Security, Trash
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary
  • Construction Materials: Concrete
  • Fireplace: No
  • Living Area: 928
  • New Construction: No
  • Year Built: 1970
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4525022?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4525022?w=Customer
  • Floor Number: 8
  • Homestead Y N: Yes
  • Number Of Pets: 1
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Property Description: Corner Unit, High Rise
  • Ratio: Close Price\List Price: 0.99364
  • Price per Sq Ft: 824.35
  • Close to Original List Price Ratio: 0.99364
  • View: Yes
  • Ownership: Condominium
  • Tax Year: 2021
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Full Bathrooms: 1
  • Interior Amenities: Living Room/Dining Room Combo, Open Floorplan
  • Appliances Included: Dishwasher, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 1
  • Levels: One
  • Stories: 1
  • Room Count: 2

Exterior Features

  • Direction Faces: Southeast
  • Pool Features: In Ground, Lighting, Outside Bath Access
  • Exterior Features: Balcony, Outdoor Shower, Sliding Doors
  • Roof: Other
  • Pool Private: No
  • View: Water
  • Water Body Name: Gulf Of Mexico
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Patio
  • Road Surface Type: Asphalt, Paved
  • Water View: Beach, Gulf/Ocean - Partial
  • Water Access: Beach - Access Deeded, Beach - Private, Gulf/Ocean
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Waterfront Frontage: 1656
  • Water Frontage Feet Beach Pub: 414
  • Water Frontage Feet Beach Prvt: 414
  • Water Frontage Feet Gulf Ocean: 828
  • 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, Guest, Off Street
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

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

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Fishing, Fitness, Pool, Water Access, Waterfront
  • Association Amenities: Fitness Center, Laundry, Pool, Security, Storage
  • Association Name: JOY ROBERTS
  • Phone: 941-349-7700
  • Association: No
  • Senior Community: Yes
  • Condo Fees: 3378
  • Condo Fees Term: Quarterly
  • Association Email: jroberts@accessdifference.com
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 1126
  • Association Fee Requirement: None
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 13512
  • Total Monthly Fees: 1126

Lot Info

  • Zoning: RMF3
  • Parcel Number: 0080251036
  • Additional Parcels: No
  • Flood Zone Code: VE

Rental Info

  • Pets Allowed: Size Limit, Yes
  • Pet Size: Very Small (Under 15 Lbs.)
  • Minimum Lease: 2 Months
  • Approval Process: LEASE APPROVAL THROUGH OFFICE
  • Num Timesper Year: 6
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: 2 MONTH MINIMUM LEASE

Tax Info

  • Tax Annual Amount: 4446.54
  • Tax Book Number: 3-46
  • Tax Lot: 84

Multi Family

  • Waterfront Features: Beach - Private, Beach - Public, Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 24, 2023
Sold by
Angela M Van Vliet Revocable Trust
Bought by
Vanvliet George Anthony
Current Estimated Value
$840,942

Purchase Details

Listed on
Feb 14, 2022
Closed on
Mar 15, 2022
Sold by
Carl E Guse Revocable Living Trust
Bought by
Angela M Van Vliet Revocable T
Seller's Agent
Kim Sheridan
WATERSIDE REALTY LLC
Buyer's Agent
Tina Johns
COLDWELL BANKER REALTY
List Price
$769,900
Sold Price
$765,000
Premium/Discount to List
-$4,900
-0.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.65%

Purchase Details

Closed on
Feb 22, 2011
Sold by
Guse Carl E
Bought by
Guse Carl E and Carl E Guse Revocable Living T

Purchase Details

Closed on
Jul 23, 2007
Sold by
Guse Carl and Guse Beverly
Bought by
Livin Guse Beverly J and Livin Beverly J Guse Revocable

Purchase Details

Closed on
Sep 19, 2003
Sold by
Guse Beverly J
Bought by
Guse Carl and Guse Beverly

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,500
Interest Rate
6.32%

Purchase Details

Closed on
Apr 13, 1994
Sold by
Polcz Sandor Alex and Polcz Herta Nancy
Bought by
Guse Carl E and Guse Beverly J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,200
Interest Rate
7.61%
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
Vanvliet George Anthony $100 None Listed On Document
Angela M Van Vliet Revocable T $765,000 Clear Title Group
Guse Carl E -- Attorney
Guse Carl E -- Attorney
Livin Guse Beverly J -- Attorney
Guse Carl E -- Attorney
Guse Carl -- --
Guse Carl E $154,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Guse Carl $119,500
Previous Owner Guse Carl E $123,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2022 03/15/22 Sold $765,000 -0.6% $824 / Sq Ft
02/15/2022 02/15/22 Pending -- -- --
02/14/2022 02/14/22 For Sale $769,900 -- $830 / 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 $9,378 $880,100 -- $880,100
2023 $9,378 $775,900 $0 $775,900
2022 $7,190 $582,200 $0 $582,200
2021 $4,447 $373,385 $0 $0
2020 $4,464 $368,230 $0 $0
2019 $4,317 $359,951 $0 $0
2018 $4,221 $353,239 $0 $0
2017 $4,201 $345,974 $0 $0
2016 $4,227 $448,900 $0 $448,900
2015 $4,306 $442,300 $0 $442,300
2014 $4,289 $328,898 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4525022

Stellar MLS

APN: 0080-25-1036