6550 SABAL DR, SARASOTA, FL, 34242
$2,185,000
Residential
|
Bedrooms
3
|
Bathrooms
3
|
Living Area
1,691 Sqft
|
Lot Size
8,960 Sqft
|
Discover an exceptional income-producing property in the heart of Siesta Key. This fully renovated multi-unit property features a spacious 3-bedroom, 2-bathroom unit and a 1-bedroom, 1-bathroom unit located side by side, creating an ideal setup for short-term rental income. The property generated $270,000 in gross income in 2023, $264,000 in 2024, $221,891 in 2025, and $176,349 from January through July of this year, even with hurricane related downtime, making this a turnkey investment with immediate cash flow. The property is zoned RMF (Residential Multifamily) and is legally permitted for nightly rentals, a rare and highly desirable zoning designation on Siesta Key. Recent upgrades include brand new AC (2025), updated flooring (2025), modernized plumbing (2025), electrical upgrades (2025), and hot tubs installed (2023). With its proven rental history and strong income potential, this property offers one of the best cap rate opportunities currently available on Siesta Key. is part of a very successful Airbnb portfolio consisting of three duplexes with cap rates exceeding 10 percent. Please inquire for details.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRTB8548050 | Year Built: | 1952 | |
| Appliances: | Dishwasher, Microwave, Range, Refrigerator | Construction Materials: | Frame | |
| Cooling: | Central Air, Wall/Window Unit(s) | Country: | US | |
| County Or Parish: | Sarasota | Direction Faces: | East | |
| Exterior Features: | Courtyard, Outdoor Grill, Outdoor Shower | Fireplace Features: | Wood Burning | |
| Flooring: | Vinyl | Foundation Details: | Block | |
| Furnished: | Unfurnished | Heating: | Electric | |
| Laundry Features: | Inside | Levels: | One | |
| Listing Agreement: | Exclusive Right To Sell | Listing Terms: | Cash, Conventional | |
| Occupant Type: | Vacant | Pool Features: | Heated | |
| Possession: | Close Of Escrow | Property Sub Type: | Half Duplex | |
| Property Type: | Residential | Road Surface Type: | Asphalt | |
| Roof: | Shingle | Sewer: | Public Sewer | |
| Showing Requirements: | Appointment Only, See Remarks | Special Listing Conditions: | None | |
| Standard Status: | Active | State Or Province: | FL | |
| Utilities: | Electricity Connected, Water Connected | Water Source: | Public | |
| Rooms | Rooms | |||
|---|---|---|---|---|
| Kitchen: | 99x99 ft | Living Room: | 99x99 ft | |
| Primary Bedroom: | 99x99 ft | |||
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