6550 Sabal DRIVE, SARASOTA, FL 34242 | MLS# A4620157 – Mamba Realty

SARASOTA, FL 34242 6550 Sabal DRIVE

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Presented By: CATALIST REALTY LLC with 386-871-4600. - 386-871-4600
  • MLS# A4620157
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  • Beds • 4
  • Baths • 3
  • SQFT • 1,988

Home Details

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.
Presented By: CATALIST REALTY LLC with 386-871-4600. - 386-871-4600

Interior Features for 6550 Sabal DRIVE

Bedrooms

Total Bedrooms4

Bathrooms

Total Baths3

Other Interior Features

LivingAreaSourceowner
Air Conditioning Y/NYes
Fireplace Featureswood burning
Fireplace Y/NYes
Heating Y/NYes
Laundry Featureselectric dryer hookup, inside, laundry closet, washer hookup

General for 6550 Sabal DRIVE

Additional Parcels Y/NNo
Building Area Unitssquare feet
Carport Y/NNo
Citysarasota
Construction Materialswood frame, wood siding
Coolingcentral air
Countysarasota
Days on Market26
Directionsfrom 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
Disclosuresseller property disclosure
Exterior Featuresfenced
Flood Zone Codeae
Garage Y/NNo
Heatingcentral, electric
Home Owner AssocYes
Interior Featuresopen floorplan, primary bedroom main floor, stone counters
Land Lease Y/NNo
Legal Descriptionlot a unrecorded plat of sabal palms, being same lands as desc in ori 2022081180
Living Area Unitssquare feet
Lot Size Square Feet8960
Lot Size Unitssquare feet
MLS Area34242 - sarasota/crescent beach/siesta key
ModificationTimestamp2024-09-11t14:42:47.627z
New ConstructionNo
NumberOfUnitsTotal2
Percent Ownershipfee simple
Pool Featuresauto cleaner, deck, heated, in ground, salt water
Property SubTypeduplex
Property Typeresidential income
Roofshingle
Senior Community Y/NNo
Sewerpublic sewer
Spa Featuresabove ground, heated
Standard Statusactive
Statusactive
Subdivision Namesabal palms
Tax Annual Amount14378.95
Tax Lota
Tax Year2023
Utilitiescable connected, electricity connected, sewer connected, street lights, water connected
View Y/NNo
Virtual TourClick here
Water Access Typecanal - brackish
Water Access Y/NYes
Water Viewcanal
Water View Y/NYes
Waterfront Featurescanal - brackish
Waterfront Y/NYes
Year Built1952
Zoningrmf1

Exterior for 6550 Sabal DRIVE

Foundation Detailsslab
Lot Size Acres0.21
Lot Size Area8960
Number of Buildings1
Road Surface Typepaved
SpaYes
Water Sourceprivate

Additional Details

Price History

Jehad Bader

Broker
Price $2,650,000
MLS#A4620157
Property Type Income
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