Active
6550 SABAL DR
SARASOTA FL, 34242
$2,650,000
$1,333.00 per sqft
Active
4 Beds
3 Baths
1,988 sqft
Multi-family
Built in 1952
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.
A4620157
MLSⓇ ID
August 16, 2024
Listed
September 17, 2024
Updated
Map
6550 SABAL DR
SARASOTA FL, 34242
Interior Features
Bedrooms
4
Total Bathrooms
3
Interior Features
Open Floorplan, Primary Bedroom Main Floor, Stone Counters
Laundry Description
Electric Dryer Hookup, Inside, Laundry Closet, Washer Hookup
Fireplace
Yes
Fireplace Description
Wood Burning
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Central, Electric
Exterior/Building Features
Lot Size
0.21 Acres
Exterior Features
Fence
Roof
Shingle
Sewer
Public Sewer
Other Property Details
Area Name
34242 - Sarasota/Crescent Beach/Siesta Key
Taxes
$14,379
Tax Frequency
Annually
Days on Market
26
Garage
No
View
No
County
Sarasota
Municipality
37S
Water Source
Private
Pool
Yes
Pool Features
Auto Cleaner, Deck, Heated, In Ground, Salt Water
Waterfront
Yes
Zoning
RMF1
Listed by CATALIST REALTY LLC
Listing Contact: 386-871-4600
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Data last updated 9/17/2024, 10:15 PM UTC