6550 Sabal Drive
SARASOTA, FL 34242
- 4 beds
- 3 baths
- 1,988 sqft
- 8,960 sqft lot
- $1,332 per sqft
- 1952 build
- – on site
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.
Listing courtesy of STELLAR_MLS / CATALIST REALTY LLC
Last checked:
Checking…
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Last updated Oct 10, 2024
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MLS# A4620157 —
The Building
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Year Built:1952
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New Construction:false
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Construction Materials:Wood Frame
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Roof:Shingle
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Foundation Details:Slab
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# of Buildings:1
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Building Area Units:Square Feet
Interior
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Interior Features:Open Floorplan
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Fireplace:true
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Fireplace Features:Wood Burning
Room Dimensions
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Living Area:1988
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Living Area Units:Square Feet
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Living Area Source:Owner
Location
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Directions:From I-75 Take exit 205 toward FL-72 W. Turn left onto Midnight Pass Rd. Use any lane to turn left at the 1st cross street onto Old Stickney Point Rd. Turn right onto Sabal Dr. Arrive at 6550 Sabal Dr, Sarasota, FL 34242
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Latitude:27.250693
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Longitude:-82.53266
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Coordinates:-82.53266, 27.250693
The Property
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Parcel Number:0108090005
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Property Type:Residential Income
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Property Subtype:Duplex
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Lot Size Acres:0.21
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Lot Size Area:8960
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Lot Size SqFt:8960
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Lot Size Units:Square Feet
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Total Acres:0 to less than 1/4
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Zoning:RMF1
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View:false
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Exterior Features:Fenced
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Water Source:Private
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Road Surface Type:Paved
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Flood Zone Code:AE
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Additional Parcels:false
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Land Lease:false
Listing Agent
- Contact info:
- Agent phone:
- (386) 871-4600
- Office phone:
- (386) 871-4600
Taxes
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Tax Year:2023
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Tax Lot:A
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Tax Legal Description:LOT A UNRECORDED PLAT OF SABAL PALMS, BEING SAME LANDS AS DESC IN ORI 2022081180
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Tax Annual Amount:14378.95
Beds
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Bedrooms Total:4
Baths
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Total Baths:3
The Listing
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Virtual Tour URL Unbranded:https://www.propertypanorama.com/instaview/stellar/A4620157
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Special Listing Conditions:None
Heating & Cooling
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Heating:Central
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Heating:true
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Cooling:Central Air
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Cooling:true
Utilities
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Utilities:Cable Connected
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Sewer:Public Sewer
Appliances
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Laundry Features:Electric Dryer Hookup
The Community
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Subdivision Name:SABAL PALMS
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Senior Community:false
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Water View:Canal
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Water View:true
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Water Access:Canal - Brackish
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Water Access:true
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Waterfront:true
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Waterfront Features:Canal - Brackish
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Spa:true
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Spa Features:Above Ground
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Pool Private:true
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Pool Dimensions:15x30
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Pool Features:Auto Cleaner
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Association:false
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Ownership:Fee Simple
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Waterfront Feet Total:112
Parking
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Garage:false
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Carport:false
Extra Units
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# of Units Total:2
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
8/20/24
Aug 20, 2024
|
Listed / Active | STELLAR_MLS | ||
8/16/24
Aug 16, 2024
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Listed / Active | STELLAR_MLS | $2,650,000 | 85.6% (36.5% / YR) |
6/25/24
Jun 25, 2024
|
Price Changed | STELLAR_MLS |