6550 SABAL DRIVE at

6550 SABAL DRIVE

For sale Days on market 65

$2,200,000

$1301/sq ft

$225,000
Price Increased

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Overview

Bedroom

Year Built

1952

Sqft

1691

Property Type

Duplex

Property Description

Discover an exceptional income-generating property in the heart of coveted Siesta Key! This fully renovated multi-unit compound features a spacious 3-bedroom, 2-bathroom unit and a 1-bedroom, 1-bathrooom unit (side by side). An impressive $270,000 gross income in 2023 and $264,000 in 2024 (despite hurricane-related downtime), this turnkey investment provides immediate cash flow. Note: This property is zoned an RMF (Residential Multifamily) and is legally able to accept nightly rentals. The property boasts recent upgrades including brand-new AC (2025), updated flooring (2025), modernized plumbing (2025), electrical (2025), and hot tubs (2023). This amazing opportunity is the best cap rate on any house on Siesta Key. Whether you're seeking a high-performing Airbnb rental portfolio or a strategic redevelopment opportunity in one of Florida's most desirable beach destinations, this property delivers both immediate income and long-term appreciation potential. Absentee owner managed; turnkey operation available at on a 10% management fee with all staff staying in place. This property could be purchased as a portfolio with 5228 Calle Menorca.

Property Details

MLS#

O6377497

Address

6550 SABAL

City

Sarasota

State/county

Zip/Postal Code

34242

Area

Sabal Palms

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$13,211

Maint Fee

$--

Tax Year

2025

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