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

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