6550 SABAL DRIVE, Sarasota, Sarasota, FL, 34242, Residential, 3, 3, 70acfe986fdf371cdd10a4e442b4418b, TB8548050,6550,SABAL

$2,185,000

Overview

Property ID: TB8548050

1/2 Duplex
Property Type

3
Bedrooms

3
Bathrooms

1691 Square Feet
Area Size

1952
Year Built

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.

Address

Open on Google Maps

Address: SABAL
City: SARASOTA
State/county: Sarasota
Zip/Postal Code: 34242
Area: SABAL PALMS

Details

Updated on September 12, 2026 at 9:59 am

Property ID TB8548050
Price $2,185,000
Property Size 1691 Square Feet
Land Area 0.21 Square Feet
Bedrooms 3
Bathrooms 3
Year Built 1952
Property Type 1/2 Duplex
Property Status Residential

Additional details

BathroomsFull 3
BathroomsHalf 0
BuildingAreaTotal 1691
ConstructionMaterials Wood Frame
ContractStatusChangeDate 2026-09-11
Cooling Central Air, Wall/Window Unit(s)
CumulativeDaysOnMarket 1
DaysOnMarket 1
DirectionFaces East
Directions Drive south on Ocean Bld/CR 789A. Continue on CR 789A. Bear right onto Midnight Pass Road/CR 758. Continue on Midnight Pass Road. Left to Old Stickney Point Road. Right to Sabal Drive
FireplaceFeatures Wood Burning
Flooring Vinyl
FoundationDetails Block
Furnished Unfurnished
Heating Electric
InternetAddressDisplayYN 1
InternetEntireListingDisplayYN 1
LaundryFeatures Inside
LeaseConsideredYN 1
Levels One
ListAOR Suncoast Tampa
ListAgentAOR Suncoast Tampa
ListAgentEmail stevef@e-loanmortgage.com
ListAgentFullName Steve Fingerman
ListAgentKey c10928d1518e5fd6def4b66fa616cd5a
ListAgentMlsId 262002119
ListAgentPreferredPhone 727-946-0904
ListOfficeKey 25106029d5563534b431d1f103cb62dc
ListOfficeMlsId 262003054
ListOfficeName PEOPLE'S TRUST REALTY
ListOfficePhone 727-946-0904
ListingContractDate 2026-09-11
ListingTerms Cash, Conventional
LivingAreaSource Owner
LotSizeArea 8960
LotSizeSquareFeet 8960
MLSAreaMajor 34242 - Sarasota/Crescent Beach/Siesta Key
MlsStatus Active
ModificationTimestamp 2026-09-12T09:11:33.540Z
OnMarketDate 2026-09-11
OriginalEntryTimestamp 2026-09-12T01:48:20.573Z
OriginalListPrice 2185000
OriginatingSystemKey stellar
OriginatingSystemName Stellar MLS
Ownership Fee Simple
ParcelNumber 0108090005
PhotosChangeTimestamp 2026-09-12T01:55:00.361Z
PhotosCount 91
PoolFeatures Heated
PostalCodePlus4 2519
PriceChangeTimestamp 2026-09-12T01:48:20.573Z
RoadSurfaceType Asphalt
Roof Shingle
RoomsTotal 3
Sewer Public Sewer
SourceSystemKey 806201330
SpecialListingConditions None
StateOrProvince FL
StatusChangeTimestamp 2026-09-12T01:48:20.573Z
StreetName SABAL
StreetNumber 6550
StreetNumberNumeric 6550
StreetSuffix DRIVE
TaxAnnualAmount 13211
TaxLegalDescription LOT A UNRECORDED PLAT OF SABAL PALMS, BEING SAME LANDS AS DESC IN ORI 2022081180
TaxLot A
TaxYear 2025
Utilities Electricity Connected, Water Connected
WaterSource Public
Zoning RMF1