6550 SABAL DRIVE

Multi-family For Sale

$2,650,000

BTC: 38.75741108

ETH: 1,088.84570029

80 days

Waterfront

For Sale

Multi-family

4 bds •

1,988 sqft

Est. Estimated sales range: $0 - $0

Overview

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

Florida • SARASOTA • 34242 • Multi-family • For Sale • Waterfront

Facts and features

Type:

Residential Income

Parking:

No Data

Year Built:

1952

Lot:

0.21 Acres

Heating:

Central / Electric

Price/sqft:

$1,333

Cooling:

Central Air

HOA:

No Data

Type:

Residential Income

Parking:

No Data

Year Built:

1952

Lot:

0.21 Acres

Heating:

Central / Electric

Price/sqft:

$1,333

Cooling:

Central Air

HOA:

No Data

All facts and features

Heating

• Central

• Electric

Cooling

• Central Air

Other interior features

• Open Floorplan

• Primary Bedroom Main Floor

• Stone Counters

Bedrooms and bathrooms

• Bedrooms: 4
Property

• Pool Private: Yes

• Exterior Features: Fenced

Lot

• Lot: 0.21 Acres

Other Property Information

• Parcel Number: 0108090005

• Zoning: RMF1
Type and style

• Property Type: Residential Income

• Property Sub Type: Duplex
Utility

• Cable Connected

• Electricity Connected

• Sewer Connected

• Street Lights

• Water Connected
Other financial information

• Annual tax amount: $14,379
Source details

• MLS ID: A4620157

Other facts

• Construction Materials: Wood Frame / Wood Siding

• Foundation Details: Slab

• Fireplace Features: Wood Burning

• Laundry Features: Electric Dryer Hookup / Inside / Laundry Closet / Washer Hookup

• Pool Features: Auto Cleaner / Deck / Heated / In Ground / Salt Water

• Waterfront: Yes

• Fireplace: Yes

• Living Area: 1988

• Water Source: Private

• Subdivision Name: SABAL PALMS

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: CATALIST REALTY LLC

6550 SABAL DRIVE

Overview

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Facts and features

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Property details

Construction details

Utilities / Green Energy Details

HOA and Financial Details

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