REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Debbie Urban

debbie.urban@engelvoelkers.com +1(219) 313-6399

$ 2,185,000

Est. payment -/mo

Save

New

6550 SABAL DR Sarasota, FL 34242

3 Beds

3 Baths

1,691 SqFt

UPDATED:

Key Details

Property Type Single Family Home, Duplex

Sub Type Half Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,691 sqft

Price per Sqft $1,292

Subdivision Sabal Palms

MLS Listing ID TB8548050

Bedrooms 3

Full Baths 3

HOA Y/N No

Year Built 1952

Annual Tax Amount $13,211

Lot Size 9,147 Sqft

Acres 0.21

Property Sub-Type Half Duplex

Source Stellar MLS

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.

Location

State FL

County Sarasota

Community Sabal Palms

Area 34242 - Sarasota/Crescent Beach/Siesta Key

Zoning RMF1

Interior

Interior Features Kitchen/Family Room Combo

Heating Electric

Cooling Central Air, Wall/Window Unit(s)

Flooring Vinyl

Fireplaces Type Wood Burning

Furnishings Unfurnished

Fireplace true

Appliance Dishwasher, Microwave, Range, Refrigerator

Laundry Inside

Exterior

Exterior Feature Courtyard, Outdoor Grill, Outdoor Shower

Pool Heated

Utilities Available Electricity Connected, Water Connected

View Y/N No

Water Access No

Roof Type Shingle

Exposure East

Garage false

Private Pool Yes

Building

Entry Level One

Foundation Block

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Structure Type Frame

New Construction false

Others

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Listed by Steve Fingerman PEOPLE'S TRUST REALTY

NEARBY SCHOOLS & PROPERTIES

Debbie Urban

Advisor License ID: SL3366847

+1(219) 313-6399

GET MORE INFORMATION