6550 Sabal Drive, Sarasota, FL 34242

$2,987,000
4
BD
1,800
SqFt
List Price
$2,987,000
Status
Active
Days on Market
10
MLS#
G5082122
Property Style
Duplex
Year Built
1952
Bedrooms
4
Living Area
1,800
Lot Size
8,960
Acres
0.21
Total Acreage
0 to less than 1/4
Legal Subdivision Name
Sabal Palms
Community Name
Sabal Palms
MLS Area Major
Sarasota/Crescent Beach/Siesta Key

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.

Additional Information

Taxes
$14378
Annual Gross Income
286000
Location
Flood Insurance Required, FloodZone, In County, Street Dead-End
Community Features
No Deed Restriction
Property Description
One Story
Zoning
RMF1
Interior Layout
Open Floorplan, Primary Bedroom Main Floor, Stone Counters
Interior Features
Open Floorplan, Primary Bedroom Main Floor, Stone Counters
Floor
Luxury Vinyl
Appliances
Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Ice Maker, Microwave, Range, Refrigerator, Washer
Utilities
Cable Connected, Electricity Connected, Sewer Connected, Street Lights, Water Connected
Heating
Central, Electric
Air Conditioning
Central Air
Fireplace
Yes
Fireplace Description
Wood Burning
Exterior Construction
Wood Frame, Wood Siding
Exterior Features
Awning(s), Lighting
Roof
Shingle
Foundation
Slab
Pool
Private
Pool Type
Auto Cleaner, Deck, Heated, In Ground, Salt Water
Garage Features
Common, Driveway
Water View
Canal
Water Access
Canal - Brackish
Water Frontage
Canal - Brackish
Flood Zone Code
AE
Parcel ID
0108090005
Legal Description
LOT A UNRECORDED PLAT OF SABAL PALMS, BEING SAME LANDS AS DESC IN ORI 2022081180

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of LIST NOW REALTY, LLC.

StellarMLS is the source of this information via Internet Data Exchange Program. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. Data last updated on