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6550 Sabal Drive, SARASOTA, FL 34242
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  • MLS#: A4620157 ( Residential Income )
  • Street Address: 6550 Sabal Drive
  • Viewed: 2
  • Price: $2,650,000
  • Price sqft: $0
  • Waterfront: Yes
  • Wateraccess: Yes
  • Waterfront Type: Canal - Brackish
  • Year Built: 1952
  • Bldg sqft: 0
  • Bedrooms: 4
  • Total Baths: 3
  • Days On Market: 35
  • Additional Information
  • Geolocation: 27.2507 / -82.5327
  • County: SARASOTA
  • City: SARASOTA
  • Zipcode: 34242
  • Subdivision: Sabal Palms
  • Provided by: CATALIST REALTY LLC
  • Contact: David Crawford
  • 386-871-4600
  • DMCA Notice
  • Description
    Experience the best of Siesta Key with this vibrant two unit duplex property, ideally located just steps from the stunning Crescent/Siesta Key Beach. This unique property is perfect for investors or those seeking a vacation home, offering both exceptional income potential and a prime location. The property features two units: Unit A, a spacious 3 bedroom, 2 bathroom residence with a heated inground saltwater pool and an above ground hot tub; and Unit B, a cozy 1 bedroom, 1 bathroom unit with its own private above ground pool and hot tub. Both units are decorated with fun, energetic, and colorful decor, including custom murals by local artists that add vibrant pops of color to the traditional shiplap walls. Recent upgrades include new floors, fresh paint, modern bathrooms, and stylish new furnishings. The kitchens in both units are equipped with granite countertops and stainless steel appliances, ensuring a modern and comfortable living experience. The exterior of the property is equally impressive, featuring new fencing, a stone paved patio with two grills, and private pools and hot tubs for each unit. This property is not only aesthetically pleasing but also functionally superior, having earned a 4.9 star rating as a VRBO 'Premier Host' and recognized as an Airbnb 'SuperHost'. The property is zoned for short term and nightly rentals, making it an excellent investment opportunity. Tucked away on a peaceful cul de sac, this property offers privacy while being within walking distance to the beach, local restaurants, bars, grocery stores, and shops. Guests can enjoy easy access to rental shops for boating, kayaking, jet skiing, and other water sports, enhancing the vacation experience. The property is a short five minute drive from Publix, adding convenience for both guests and owners. With in house property management, cleaners, and handyman services already in place, the transition will be seamless and hassle free. The current management fee is a low 3.5%, compared to the standard 20% in most cases. This turnkey operation generated $286,000 in gross income over the past 12 months, with a gross cap rate of 10%, and is projected to increase rental income by 20% next year with the newly renovated and added amenities. This massive income producing duplex is a rare find in Siesta Key, combining a fun, Instagram worthy atmosphere with substantial financial benefits. Don't miss out on this exceptional opportunity to own a piece of paradise that promises both enjoyment and profit. Contact us today to schedule a showing and discover why this property is one of the most sought after investments in Siesta Key.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Fence
  • Living Area: 1988.00
  • Roof: Shingle
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Pool Features: Auto Cleaner, Deck, Heated, In Ground, Salt Water
  • Water Source: Private
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Street Lights, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2023
Other Features
  • Country: US
  • Interior Features: Open Floorplan, Primary Bedroom Main Floor, Stone Counters
  • Legal Description: LOT A UNRECORDED PLAT OF SABAL PALMS, BEING SAME LANDS AS DESC IN ORI 2022081180
  • Area Major: 34242 - Sarasota/Crescent Beach/Siesta Key
  • Parcel Number: 0108090005
  • Zoning Code: RMF1
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