BEDS4
BATHS
SQUARE FEET1,691
MLS#O6377497
STATUSPending
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONSABAL PALMS
Property 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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air, Wall/Window Unit(s)
Heating: Electric
Lot Size: 0.21 Acres
Roof Type: Shingle
Taxes: $13,211
Year Built: 1952
Amenities
Kitchen/Family Room Combo
Courtyard
Outdoor Grill
Outdoor Shower
Private Mailbox
Feature Descriptions
Annual Net Income: 0.00
Days on Site: 69
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.
Exterior: Frame
Fireplace: Wood Burning
Fireplace Y/N: Yes
Flood Zone Code: AE
Foundation: Block
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, FHA, Other, VA Loan
Lot Dimensions: 0.21
Ownership: Fee Simple
Pool: Above Ground, Heated, In Ground
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: Call Owner
Special Sale Provisions: None
Swimming Pool: Yes
Units: 2
Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: RMF1
Listed By / Shown By
Listed By
Agency Name: BEYCOME OF FLORIDA LLC
Agency Contact: 844-239-2663
Shown By
Agency Title: The Myrick Team
Agency Phone: 704-699-9899
Estimate Your Payment
Estimated Payment
$ 6,072.45 per month $4,395.49 Principal & Interest $1,100.92 Property Tax $576.04 Homeowner's InsuranceChange Payment Information
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6550 Sabal Drive | MLS# O6377497
This multi-family property located at 6550 Sabal Drive, Sarasota, FL 34242 is currently listed for sale with an asking price of $1,975,000. Search Sarasota real estate on www.tarenmyrick.com today.