6550 Sabal Drive, Siesta Key, FL 34242
- $2,185,000
- 3
- BD
- 3
- BA
- 1,691
- SqFt
- List Price
- $2,185,000
- Status
- ACTIVE
- Days on Market
- 1
- MLS#
- TB8548050
- Subtype
- Residential
- Style
- One Story
- Year Built
- 1952
- Bedrooms
- 3
- Bathrooms
- 3
- Full Baths
- 3
- Living Area
- 1,691
- Lot Size
- 8,960
- Acres
- 0.21
- Subdivision
- Sabal Palms
- MLS Area Major
- Sarasota/Crescent Beach/Siesta Key
Property Description
Discover an exceptional income-producing property in the heart of Siesta Key. This fully renovated multi-unit property features a spacious 3-bedroom, 2-bathroom unit and a 1-bedroom, 1-bathroom unit located side by side, creating an ideal setup for short-term rental income. The property generated $270,000 in gross income in 2023, $264,000 in 2024, $221,891 in 2025, and $176,349 from January through July of this year, even with hurricane related downtime, making this a turnkey investment with immediate cash flow. The property is zoned RMF (Residential Multifamily) and is legally permitted for nightly rentals, a rare and highly desirable zoning designation on Siesta Key. Recent upgrades include brand new AC (2025), updated flooring (2025), modernized plumbing (2025), electrical upgrades (2025), and hot tubs installed (2023). With its proven rental history and strong income potential, this property offers one of the best cap rate opportunities currently available on Siesta Key. is part of a very successful Airbnb portfolio consisting of three duplexes with cap rates exceeding 10 percent. Please inquire for details.
Additional Information
- Interior Features
- Kitchen/Family Room Combo
- Exterior Features
- Courtyard, Outdoor Grill, Outdoor Shower
- Financing
- Cash, Conventional
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- RMF1
- Appliances
- Dishwasher, Microwave, Range, Refrigerator
- Heating
- Electric
- Air Conditioning
- Central Air, Wall/Window Unit(s)
- Exterior Construction
- Frame
- Exterior Features
- Courtyard, Outdoor Grill, Outdoor Shower
- Levels
- One
- Roof
- Shingle
- Foundation
- Block
- Pool
- Yes
- Pool Type
- Heated
Courtesy of PEOPLE'S TRUST REALTY
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