5400 Ocean BOULEVARD, #17-4, Siesta Key, FL, 34242 | $1,995,000

Experience a lifestyle of unparalleled luxury and tranquility in this stunning 17th-floor beachfront penthouse, where breathtaking panoramic views and coastal elegance converge to create a truly exceptional living experience. This is a rare opportunity to own a piece of paradise in an enviable location in the iconic building designed by Frank Folsom Smith. Crafted to perfection, this exquisite two-bedroom, two-bath penthouse offers high ceilings and floor-to-ceiling sliding doors, with unrivaled views of the Gulf of Mexico and Sarasota Bay, steps away from the vibrant restaurants and boutiques in charming Siesta Key Village. Step into a world of contemporary luxury, where each of the four private balconies reveal breathtaking vistas of the azure waters and pristine, world-renowned white quartz sand beach, inviting you to savor every moment of coastal living. The gourmet kitchen is a chef's delight, featuring a large quartz counter center island that comfortably accommodates six guests. Seamlessly integrated into the living space, the kitchen flows into a spacious great room offering bright, natural light and sweeping panoramic views, capturing the essence of Siesta Key's coastal beauty from every angle. Ascend to the roof deck, where your own private 18-by-15-foot viewing deck awaits at the top of the tallest building on Siesta Key, offering unparalleled vistas and magnificent vibrant sunsets reserved exclusively for the four penthouse unit owners. Revel in the exclusivity of Beach Terrace, where secured lobby entry, an on-site manager, a fitness center, a welcoming community room, and an elevated, heated saltwater pool ensure the utmost privacy and convenience. This penthouse unit also boasts a coveted assigned parking space at the lobby entrance, adding to the ease of beachfront living. Immerse yourself in the allure of Siesta Beach, with its pristine sand steps away, beckoning you to unwind and rejuvenate amidst nature's splendors. Elevate your living experience with this remarkable beachfront penthouse, where luxury, location, and lifestyle harmoniously blend to offer you the ultimate coastal retreat reminiscent of an everlasting vacation. Discover the cultural richness of downtown Sarasota, with its array of restaurants, theaters, ballet, opera, museums, galleries, and shopping destinations, are all a short drive over the bridge.

Features

  • Elevator: Y
  • Heating: Central, Electric
  • Cooling: Central Air, Humidity Control
  • Levels: 17
  • Amenities: Clubhouse, Elevator(s), Fitness Center, Laundry, Maintenance, Pool, Security, Storage
  • Rooms: 11
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Common Area, Inside
  • Complex: TERRACE
  • Year Built: 1970
  • Approx Sq. Feet: 1,187
  • Est. Taxes: $12,467
  • Condo Fee: $7,238 Quarterly
  • Lot Desc: FloodZone, In County, Near Public Transit, Sidewalk
  • View: City, Water
  • Elem. School: Phillippi Shores Elementary
  • Middle School: Brookside Middle
  • High School: Sarasota High
  • Pet Policy: Yes
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Disposal, Electric Water Heater, Refrigerator, Wine Refrigerator
  • MLS#: A4611574
  • Days on Market: 114 days
  • Website: https://www.raveis.com
    /prop/A4611574/5400oceanboulevard_siestakey_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 9/27/2024 5:32:09 PM)
Listing courtesy of PREMIER SOTHEBYS INTL REALTY   Phone: 941-364-4000

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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  • Has access to hundreds of loan programs, all at competitive rates
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Evelio MirandaInsurance Sales Director, William Raveis Insurance

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Evelio.Miranda@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

5400 Ocean BOULEVARD, #17-4, Siesta Key, FL, 34242

$1,995,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,596,000 $1,596,000 $1,596,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.250% 6.250% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.371% 6.372% 6.182%
Monthly Tax Payment $1,039 $1,039 $1,039
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $9,827 $9,827 $13,468
Total Monthly Payment $10,991 $10,991 $14,632

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.