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.

Features
: In Ground, Heated, Deck, Salt Water, Auto Cleaner
: Central, Electric
: Central Air
: Wood Burning
: Fence
: Open Floorplan, Primary Bedroom Main Floor, Stone Counters
: Laundry Closet, Electric Dryer Hookup, Washer Hookup, Inside
1
: Public Sewer
: Cable Connected, Electricity Connected, Sewer Connected, Water Connected, Street Lights
: Canal - Brackish
Address Map
US
FL
Sarasota
Sarasota
SABAL PALMS
34242
SABAL
6550
DRIVE
W83° 28' 2.4''
N27° 15' 2.5''
From I-75 Take exit 205 toward FL-72 W. Turn left onto Midnight Pass Rd. Use any lane to turn left at the 1st cross street onto Old Stickney Point Rd. Turn right onto Sabal Dr. Arrive at 6550 Sabal Dr, Sarasota, FL 34242
34242 - Sarasota/Crescent Beach/Siesta Key
RMF1
Additional Information
: Private
https://www.propertypanorama.com/instaview/stellar/A4620157
2024-08-16
2
: Slab
: Wood Siding, Wood Frame
Financial
14378.95
Listing Information
Vannesa Poole
281534023
281530772
CATALIST REALTY LLC
256022611
281530772
Cash,Conventional,Owner Financing
Withdrawn
2024-11-04T14:15:07Z
Stellar
: None
2024-11-04T14:13:23Z

Residential Income For Sale

6550 Sabal Dr, Sarasota, Florida 34242

4 Bedrooms
3 Bathrooms
1,988
$2,650,000
Listing ID #A4620157
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : A4620157
Price : $2,650,000
Bedrooms : 4
Bathrooms : 3
Square Footage : 1,988
Year Built : 1952
Lot Area : 0.21 Acre
Office Name : CATALIST REALTY LLC
Agent Name : David Crawford
Property Sub Type : Duplex
Roof : Shingle
Waterfront Yn : 1
Listing Status : Withdrawn
Agent info
Contact Agent