6550 SABAL DR Active Save Request In-Person Tour Request Virtual Tour
Sarasota,FL 34242
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,988 sqft
Price per Sqft $1,332
Subdivision Sabal Palms
MLS Listing ID A4620157
Bedrooms 4
HOA Y/N No
Originating Board Stellar MLS
Year Built 1952
Annual Tax Amount $14,378
Lot Size 9,147 Sqft
Acres 0.21
Property 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.
Location
State FL
County Sarasota
Community Sabal Palms
Zoning RMF1
Interior
Interior Features Open Floorplan,Primary Bedroom Main Floor,Stone Counters
Heating Central,Electric
Cooling Central Air
Fireplaces Type Wood Burning
Fireplace true
Laundry Electric Dryer Hookup,Inside,Laundry Closet,Washer Hookup
Exterior
Exterior Feature Fence
Pool Auto Cleaner,Deck,Heated,In Ground,Salt Water
Utilities Available Cable Connected,Electricity Connected,Sewer Connected,Street Lights,Water Connected
Waterfront true
Waterfront Description Canal - Brackish
View Y/N Yes
Water Access Yes
Water Access Desc Canal - Brackish
Roof Type Shingle
Garage false
Private Pool Yes
Building
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Private
Structure Type Wood Frame,Wood Siding
New Construction false
Others
Senior Community No
Ownership Fee Simple
Acceptable Financing Cash,Conventional,Owner Financing
Listing Terms Cash,Conventional,Owner Financing
Special Listing Condition None