15 days on rocket

6550 Sabal Dr, Sarasota, FL, 34242

$2,987,000

4 Bedrooms
3 Baths
1,800 SqFt
$1,659/SqFt
Multi
Schools Nearby

Location

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Property Highlights

Home TypeDuplex
ParkingCommon, Driveway
Year Built1952
HeatingCentral, Electric
CoolingCentral Air
WaterfrontCanal
FireplaceWood Burning
ViewWater
Private PoolYes
MLS #G5082122
Lot Size0.21 Acres
StatusActive

About 6550 Sabal Dr

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.

Property Details

Property Features

Property Information:

  • Year Built: 1952
  • Living Area: 1,800 SqFt

Listing Office:

  • Office Name: LIST NOW REALTY, LLC
  • Office Phone: (352) 385-7636
  • Listing Agent: Matt Buttner

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Electric Water Heater, Exhaust Fan, Ice Maker, Microwave, Range, Refrigerator, Washer
  • Flooring Type: Luxury Vinyl
  • Interior: Open Floorplan, Primary Bedroom Main Floor, Stone Counters
  • Fireplace: Wood Burning

Bedroom and Bathroom Information:

  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Waterfront: Canal
  • View: Water
  • Exterior: Awning(s), Lighting

Parking Information:

  • Parking: Common, Driveway

Virtual/3D Tour

  • Virtual Tour: 6550 Sabal Dr

Virtual Tour

Lot Features

Lot Information:

  • Lot: Flood Zone, Dead End Street
  • Lot Size: 0.21 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Sarasota High School, Public District Grades 9-12
  • Brookside Middle School, Public District Grades 6-8
  • Phillippi Shores Elementary School, Public District Grades PK-5

Other

Directions Information:

  • 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.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,987,000
  • Price Per SqFt: $1,659/SqFt

Tax Information:

  • Annual Amount: $7,240
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Sarasota, FL.

Med. Sold Price

$519K

Med. Price/SqFt

$306

Avg. Days On Market

56

# of Sold Homes

593

6550 Sabal Dr vs Sarasota

15 DAYS ON ROCKET

-41 Days

$2,987,000

+$2.4M More

$1,659/SqFt

+$1.3K More

KEY TAKEAWAY

This property is $2.4M more than the Median Sold Price and $1.3K/SqFt more than other homes in Sarasota, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #G5082122

Listing Office:

  • Office Name: LIST NOW REALTY, LLC
  • Office Phone: (352) 385-7636
  • Listing Agent: Matt Buttner

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. 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 exclusively for consumers’ 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. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 5/28/2024, 11:49:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 04, 2011Home Sold
$224,250
May 05, 1997Home Sold
$185,000

Tax History

YEARPROP. TAXASSESSMENT
2020$7,240$580,100
2019$6,871$418,975
2018$6,655$380,886
2017$6,573$573,900

History based on county public records data.

Payment Calculator

$14.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$9,022

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4257456
8
/10
  • Phillippi Shores Elementary School

  • 4747 S Tamiami Trl

  • 2.42 miles

  • Public District Grades PK-5

Middle School

school-card-donut-4257457
5
/10
  • Brookside Middle School

  • 3636 S Shade Ave

  • 3.49 miles

  • Public District Grades 6-8

High School

school-card-donut-4257458
5
/10
  • Sarasota High School

  • 1000 S School Ave

  • 5.13 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $74,826. The most common annual income of people living in Sarasota, FL is between $35k-100k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

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Rocket Homes›Florida›Sarasota County›Sarasota›34242›6550 Sabal Dr

This home is located at 6550 Sabal Dr in Sarasota, FL and zip code 34242 in the Siesta Key neighborhood. This 1,800 square foot home, which was built in 1952, sits on a 0.21 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 13, 2024 and is currently priced at $2,987,000.

In April 2024, from all listings sold in Sarasota, FL there were more than 41 sold above asking price, over 462 sold below and more than 90 were sold right at the asked price. Between March 2024 and April 2024, Sarasota, FL real estate market has seen decrease in the number of listings by 1.8%. The median list price of listings available in April 2024 was $519,031, while the average time on the real estate market was 56 days.

From Rocket Homes Real Estate and based on county public records data.

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