Address
6550 Sabal DRIVE, SARASOTA, FL
Price
$ 2,845,000
Property Attributes
  • MLS#G5082122
  • TypeIncome
  • CountySARASOTA
  • CitySARASOTA
  • AreaSarasota-Crescent Beach-Siesta Key
  • NeighborhoodSabal Palms
  • Zip34242
  • StyleDuplex
  • Year Built1952
  • Taxes$ 14378
  • Price$ 2,845,000
  • Bedrooms4
  • Full Bathrooms3
  • Half Bathrooms0
  • Sqr Footage1800
  • Lot Size0.21 Acres
Data Source:
Stellar MLS
Property 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 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.

Price History
5/14/2024 Listed $2,987,000
6/5/2024 5% - $2,845,000

General Features

Interior Features Open Floorplan,Primary Bedroom Main Floor,Stone Counters
Sewer Public Sewer
Heating Central,Electric
Cooling Central Air
Utilities Cable Connected,Electricity Connected,Sewer Connected,Street Lights,Water Connected
Roof Shingle
Appliances Dishwasher,Dryer,Electric Water Heater,Exhaust Fan,Ice Maker,Microwave,Range,Refrigerator,Washer
Exterior Features Awning(s),Lighting
Zoning RMF1
Patio/Porch Features Deck,Front Porch,Patio,Porch,Rear Porch,Screened
Pool Features Auto Cleaner,Deck,Heated,In Ground,Salt Water
Security Features Smoke Detector(s)
Construction Materials Wood Frame,Wood Siding
Year Built 1952
View Water
Levels One
Property SubType Duplex
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 286000
Waterfront Features Canal - Brackish
County Sarasota
New Construction No
Property Type Residential Income
HOA / Comm Assn No
Subdivision Name SABAL PALMS
Garage Y/N No
Status Active
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.
ModificationTimestamp 2024-06-05T19:53:44.640Z
City SARASOTA
Buyer Agent Compensation 3.0%
View Y/N Yes
Senior Community Y/N No
NumberOfUnitsTotal 2
MLS Area 34242 - Sarasota/Crescent Beach/Siesta Key
Lot Size Units Square Feet
Lot Size Square Feet 8960
Waterfront Y/N Yes
Carport Y/N No
Spa Features Above Ground,Heated
Land Lease Y/N No
Tax Annual Amount 14378.95
Ok to Lease >6 Months
Additional Parcels Y/N No
Virtual Tour https://www.propertypanorama.com/instaview/stellar/G5082122
Days on Market 23
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot A
Total Actual Rent 23800
Legal Description LOT A UNRECORDED PLAT OF SABAL PALMS,BEING SAME LANDS AS DESC IN ORI 2022081180
Water View Canal
Water Access Type Canal - Brackish
Water Access Y/N Yes
Water View Y/N Yes
Flood Zone Code AE

Interior Features

Flooring Luxury Vinyl
Furnished Y/N Furnished
Fireplace Features Wood Burning
Air Conditioning Y/N Yes
Heating Y/N Yes
Window Features Blinds,Drapes
Fireplace Y/N Yes
Laundry Features Inside
Total Bedrooms 4
LivingAreaSource Owner
Total Baths 3

Exterior Features

Parking Features Common,Driveway
Lot Features Flood Insurance Required,FloodZone,In County,Street Dead-End
Water Source Private
Lot Size Area 8960
Foundation Details Slab
Number of Buildings 1
Spa Yes
Building Area Total 1988
Lot Dimensions 112 x 100
Lot Size Acres 0.21
Road Surface Type Paved
Number of Separate Water Meters 1
Number of Separate Electric Meters 1
Road Frontage Type Street Dead-End
Road Responsibility Public Maintained Road
Open Parking Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 34242

Price
AVG $3.65M
$2.85M
Taxes
AVG $24,849
$14,378
Visits
AVG 1743
521
Data Provided by Inside Real Estate®
Year Built
AVG 1978
1952