6550 Sabal Drive

Sarasota, FL 34242

$2,987,000
Price
4
Beds
1,800 Sq. Ft.
$1,659 / Sq. Ft.
1,800
Sq. Ft.
$1,659
per Sq. Ft.

Description

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...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.
  1. Listed by Matt Buttner • LIST NOW REALTY, LLC

Property Details for 6550 Sabal Drive

Subdivision Name
SABAL PALMS
Township
37S
View
Water
Waterfront
Yes
Water View
Canal
Furnished
Furnished

Location

Listing Courtesy of LIST NOW REALTY, LLC, Matt Buttner
Add your commute
LISTING UPDATED: 05/14/2024 06:51 AM

Property Details for 6550 Sabal Drive

StatusActive
MLS #G5082122
Days on Market18
Taxes$14,379 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1952
Lot Size0.21 AC / 8,960 SF
CountySarasota County

Location

Listing Courtesy of LIST NOW REALTY, LLC, Matt Buttner
Add your commute

Building Information for 6550 Sabal Drive

Stories-Residences2Year Built1952Building Size-Lot Size0.21 AC / 8,960 SF

Payment Calculator

$17,500 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,301

Property Taxes

$1,198

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6550 Sabal Drive

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 1988.0
  • Building Area Units: Square Feet
  • Directions: Go over Stickney Point Bridge, take a left at the light, another left at Captain Curts, and then a right on Sabal. You can't miss the home from there.
  • Mls Major Change Type: New Listing
  • Major Change Type: New Listing
  • Listing Service: Limited Service
  • Senior Community: No
  • SW Subdiv Community Name: Sabal Palms
  • Unit Number: No
  • Street Number: 6550
  • Street Name: SABAL
  • Street Suffix: DRIVE
  • State: FL
  • City: SARASOTA
Parking
  • Carport: No
  • Garage: No
  • Parking Features: Common, Driveway
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Legal Description: LOT A UNRECORDED PLAT OF SABAL PALMS, BEING SAME LANDS AS DESC IN ORI 2022081180
  • Tax Lot: A
  • Tax Year: 2023
Virtual Tour
Property
Lot Information
  • Additional Parcels: No
  • Lot Features: Flood Insurance Required, FloodZone, In County, Street Dead-End
  • Lot Size Dimensions: 112x100
  • Parcel Number: 0108090005
  • Total Acreage: 0 to less than 1/4
  • Total Num Buildings: 1
  • Water Access: Canal - Brackish
  • Water Access: Yes
  • Water Extras: No
  • Water Frontage Feet Canal Bracki: 112
  • Zoning: RMF1
  • Living Area: 1800
  • Lot Dimensions: 112x100
Property and Assessments
  • Year Built Numeric: 1952
  • Flood Zone Code: AE
  • Homestead: No
  • New Construction: No
  • Public Survey Range: 18E
  • Public Survey Section: 19
  • Dock YN: No
Utilities
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Street Lights, Water Connected
  • Water Source: Private
  • Num Electric Meters: 1.0
  • Num Water Meters: 1.0
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame, Wood Siding
  • Exterior Features: Awning(s), Lighting
  • Foundation Details: Slab
  • Levels: One
  • Patio And Porch Features: Deck, Front Porch, Patio, Porch, Rear Porch, Screened
  • Pool Dimensions: 15x30
  • Pool Features: Auto Cleaner, Deck, Heated, In Ground, Salt Water
  • Pool Private: Yes
  • Pool: Private
  • Pool Private: Yes
  • Roof: Shingle
  • Security Features: Smoke Detector(s)
  • Spa Features: Above Ground, Heated
  • Spa: Yes
  • Waterfront Features: Canal - Brackish
  • Waterfront Feet Total: 112
Interior Features
  • Bedrooms Total: 4
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Ice Maker, Microwave, Range, Refrigerator, Washer
  • Cooling: Central Air
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Luxury Vinyl
  • Heating: Central, Electric
  • Interior Features: Open Floorplan, Primary Bedroom Main Floor, Stone Counters
  • Laundry Features: Inside
  • Living Area Source: Owner
  • Living Area Units: Square Feet
  • Water View: Yes
  • Window Features: Blinds, Drapes
Multi Family
Multi-Family Information
  • Annual Expenses: $56,000
  • Annual Net Income: $236,000.00
  • Gross Income: $286,000
  • Unit Count: 2
Unit 1
  • Unit Type Baths Total 1: 2
  • Unit Type Beds Total 1: 3
  • Unit Type Heated Sq Ft 1: 1200
  • Unit Type Pro Forma 1: 6667
  • Unit Type Type 1: 3 Bed/2 Bath
  • Unit Type Units Total 1: 1
Unit 2
  • Unit Type Baths Total 2: 1
  • Unit Type Beds Total 2: 1
  • Unit Type Heated Sq Ft 2: 600
  • Unit Type Pro Forma 2: 5667
  • Unit Type Type 2: 1 Bed/1 Bath
  • Unit Type Units Total 2: 1
Rental
Rental Information
  • Total Actual Rent: $23,800

Property History for 6550 Sabal Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6550 Sabal Drive

Taxable ValueLand$789,500Additions$379,200Total$1,168,700
Tax Record2023$14,379 ($1,198 / month)
Home Facts
Baths2Total Finished SqFt1,691 SqFtAbove Grade Finished SqFt1,691 SqFtStories1Lot Size8,960 SqFtStyleDuplexYear Built1952Year Renovated2007ZoningSKOD; RMF1CountySARASOTAAPN0108-09-0005Fireplace TypeHas Fireplace

Schools near 6550 Sabal Drive

This home is within Sarasota.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Phillippi Shores Elementary School
PublicPK to 5

Brookside Middle School
Public6 to 8

Sarasota High School
Public9 to 12

Sarasota Virtual School
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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6550 Sabal Drive is a multi-family home for sale in Sarasota, FL 34242. This property was listed for sale on May 13, 2024 by LIST NOW REALTY, LLC, it's currently listed at $2,987,000. It has been on the market for a total of 18 days and was last sold on April 14, 2022. This listing's school district is Sarasota. Nearby schools include Phillippi Shores Elementary School, Brookside Middle School and Sarasota High School. 6550 Sabal Drive is a 4-bed, 0-bath, 1,800 sqft multi-family home built in 1952.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of LIST NOW REALTY, LLC, Matt Buttner

The information is being provided in part by Southwest Florida Multiple Listing Service, Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2, and MarcoMls. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 Southwest Florida Multiple Listing Service and MarcoMls. All Rights Reserved. The data relating to real estate for sale displayed on this website comes in part from the Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2 and MarcoMls. Properties listed with brokerage firms other than Compass are marked with the "BR House" logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Naples MLS BR Program, or contained in the database compilation of Naples MLS.