Siesta Key is one of the top locations that draw people from all over the world into the Sarasota real estate market. Terrace Condominiums has to be one of the best locations on Siesta Key if proximity of the Village and sweeping Gulf views are on you “must have” list. Located at the corner of Beach Rd. and Ocean Blvd at 5400 Ocean Blvd, this 17-story 70-unit building was constructed in 1970. Features include a private raised second floor heated pool, under-building parking, and sweeping Gulf and/or Key views. Of course, it’s just a few steps to the pure white Siesta Key beaches known throughout the world as one of the best.
Units are from 500+ square feet for a one-bedroom, one-bath unit up to 1800+ for three-bedroom 2/3 bath configurations. The majority will be two-bedroom two-bath arrangements with approximately 1200 square feet. Corner units have two balconies with sweeping views of sandy white beaches and view of Siesta Key.Being one of the more upscale buildings, owners have generally upgraded their places with granite counter tops, high end counters and appliances, and quality flooring and finishes. Names like Sub-Zero and Viking are not that unusual to find here. The building is secure with on-site staffing and there is a sprawling main lobby and fitness area.
Units are from 500+ square feet for a one-bedroom, one-bath unit up to 1800+ for three-bedroom 2/3 bath configurations. The majority will be two-bedroom two-bath arrangements with approximately 1200 square feet. Corner units have two balconies with sweeping views of sandy white beaches and view of Siesta Key. Being one of the more upscale buildings, owners have generally upgraded their places with granite counter tops, high end counters and appliances, and quality flooring and finishes. Names like Sub-Zero and Viking are not that unusual to find here. The building is secure with on-site staffing and there is a sprawling main lobby and fitness area.
One unusual feature not found in many buildings is the use of green technology before it became “in” with the use of geo-thermal heating and cooling. This can be a real cost savings for every owner.
Terrace East, while not directly on the Gulf shares many of the views and benefits of location right across the street and a slightly lower price point at 5300 Ocean Blvd. Featuring just 45 units built in 1973; this could be an alternative for more living space or less cost.
Terrace and Terrace East both lend themselves to an exquisite setting for seasonal or full time residents. The rental policy for Terrace is a two-month minimum six times per year. Terrace East is a one-year minimum for those wishing to lease out their property.
Fees include a full-time manager, security, pool, exterior building maintenance, building and flood insurance, reserves, basic cable, pest control, trash, and water/sewer.
Terrace rarely has any units available so we suggest using our advanced search, select 'Siesta Key' and then 'Terrace' and let us keep an eye on the market for you. You will get an email within 24 hours of anything coming on the market. Be sure to take a look at the sold properties (to the right) and get an idea of what unit has any particular view.
Siesta Key was recently named the #1 beach in the US and continues to be ones of the most desirable beach destinations. With the powder white sand beaches and warm waters of the Gulf of Mexico, owning a beach home is one of the smarter investments you can enjoy. It’s just a quick jump across the bridge to access all of the cultural and culinary specialties that Sarasota is known for. These are just a few reasons why folks from across the globe come back year after year and eventually, call this special place home!
We sell Siesta Key and are eager to help make your next beachfront sale a smooth and rewarding experience.
See you on Siesta!
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