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6550 SABAL DRIVE

Multi-family For Sale
$2,690,000

BTC: 42.85281889

ETH: 785.24784933

-$297K (2024/06/25)
47 days
Waterfront
4 bds
1,800 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

Experience the best of Siesta Key with this vibrant two-unit beach duplex property featuring a heated saltwater pool, hot tub on one side and the other side with private pool and hot tub. This is a truly enviable location that offers both privacy and easy access to the beach, restaurants, and shops. This massive income producing duplex is tucked away on a peaceful cul-de-sac, this property is divided into two separate units: a 3-bedroom, 2-bathroom unit and a 1-bedroom, 1-bathroom unit. With its rare zoning approval for short-term and nightly rentals, this property is perfect for use as a primary home, vacation home, or income-generating investment. This home's revenue is sure to exceed your expectations. All aspects of the rental, including cleaners, management, and handyman services, are already in place, ensuring a seamless and hassle-free transition. This property has earned a 4.9-star rating as a VRBO 'Premier Host and is recognized as an Airbnb 'SuperHost'. Custom murals throughout the house making it one of the most sought after and unique homes on Siesta Key. Both units have undergone recent upgrades, including new floors, fresh paint, new bathrooms, and stylish new furnishings. Local artist-created custom murals provide pops of color to the traditional shiplap walls, built-ins, and wood-burning fireplace. The kitchens feature granite countertops and stainless-steel appliances, and the exteriors offer new fencing, a stone-paved patio with two grills, and a heated saltwater pool. Located just steps away from Crescent/Siesta Key Beach and a variety of restaurants, bars, grocery stores, and shops, this property also provides easy access to rental shops for boating, kayaking, jet skiing, and other water sports. Publix is only a five-minute drive from the property. Entire in-house property management, cleaners, handyman, etc to stay with the sale making it turnkey and easy to operate. The management fee cost is about 3.5%, not the standard 20% as in most cases. The home did $286,000 gross in last 12 months. Gross cap rap is at 10%. This is unheard of on such a great property that will continue to grow in value. Now with the newly renovated and added 2 hot tubs, 2 arcades and an additional pool. This will increase the rental amount next year by at least 20% giving the 1br it's own private hot tub and pool. The 3br side now has their own heated saltwater pool and hot tub as well as being able to rent the entire house for larger groups.

Location

Facts and features

Type:
Residential Income
Parking:
Common / Driveway
Year Built:
1952
Lot:
0.21 Acres
Heating:
Central / Electric
Price/sqft:
$1,494
Cooling:
Central Air
HOA:
No Data
All facts and features
  • Flooring

    • Luxury Vinyl

    Heating

    • Central

    • Electric

    Cooling

    • Central Air

    Appliances

    • Dishwasher

    • Dryer

    • Electric Water Heater

    • Exhaust Fan

    • Ice Maker

    • Microwave

    • Range

    • Refrigerator

    • Washer

    Other interior features

    • Open Floorplan

    • Primary Bedroom Main Floor

    • Stone Counters

    Bedrooms and bathrooms

    • Bedrooms: 4

  • Parking

    • Common

    • Driveway

    Property

    • Levels: One

    • Pool Private: Yes

    • Exterior Features: Awning(s) / Lighting

    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: G5082122

    Other facts

    • Construction Materials: Wood Frame / Wood Siding

    • Foundation Details: Slab

    • Fireplace Features: Wood Burning

    • Laundry Features: Inside

    • Lot Features: Flood Insurance Required / FloodZone / In County / Street Dead-End

    • Patio And Porch Features: Deck / Front Porch / Patio / Porch / Rear Porch / Screened

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

    • Window Features: Blinds / Drapes

    • Waterfront: Yes

    • Fireplace: Yes

    • Living Area: 1800

    • Water Source: Private

    • Lot Size Dimensions: 112 x 100

    • 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: LIST NOW REALTY, LLC