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6550 Sabal Drive, SARASOTA, FL 34242
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6550 Sabal Drive
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Priced at Only: $1,975,000
For more Information Call:
Address: 6550 Sabal Drive, SARASOTA, FL 34242
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  • MLS#: O6377497 ( Residential Income )
  • Street Address: 6550 Sabal Drive
  • Viewed: 16
  • Price: $1,975,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1952
  • Bldg sqft: 0
  • Bedrooms: 4
  • Total Baths: 3
  • Days On Market: 5
  • Additional Information
  • Geolocation: 27.2507 / -82.5327
  • County: SARASOTA
  • City: SARASOTA
  • Zipcode: 34242
  • Subdivision: Sabal Palms
  • Provided by: BEYCOME OF FLORIDA LLC
  • Contact: Steven Koleno
  • 804-656-5007
  • mfrmls
  • DMCA Notice
  • Description
    Discover an exceptional income generating property in the heart of coveted Siesta Key! This fully renovated multi unit compound features a spacious 3 bedroom, 2 bathroom unit and a 1 bedroom, 1 bathrooom unit (side by side). An impressive $270,000 gross income in 2023 and $264,000 in 2024 (despite hurricane related downtime), this turnkey investment provides immediate cash flow. Note: This property is zoned an RMF (Residential Multifamily) and is legally able to accept nightly rentals. The property boasts recent upgrades including brand new AC (2025), updated flooring (2025), modernized plumbing (2025), electrical (2025), and hot tubs (2023). This amazing opportunity is the best cap rate on any house on Siesta Key. Whether you're seeking a high performing Airbnb rental portfolio or a strategic redevelopment opportunity in one of Florida's most desirable beach destinations, this property delivers both immediate income and long term appreciation potential. Absentee owner managed; turnkey operation available at on a 10% management fee with all staff staying in place. This property could be purchased as a portfolio with 5228 Calle Menorca.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Courtyard, Outdoor Grill, Outdoor Shower, Private Mailbox
  • Living Area: 1691.00
  • Roof: Shingle
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Pool Features: Above Ground, Heated, In Ground
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Electric
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2025
Other Features
  • Country: US
  • Interior Features: Kitchen/Family Room Combo
  • Legal Description: LOT A UNRECORDED PLAT OF SABAL PALMS, BEING SAME LANDS AS DESC IN ORI 2022081180
  • Area Major: 34242 - Sarasota/Crescent Beach/Siesta Key
  • Parcel Number: 0108090005
  • Views: 16
  • Zoning Code: RMF1
Nearby Subdivisions
Point Of Rocks Terrace   Sabal Palms   Sarasota Beach   Siesta Beach   Siesta Rev Of