2 months on rocket

6550 Sabal Dr, Sarasota, FL, 34242

$2,650,000

4 Bedrooms
3 Baths
1,988 SqFt
$1,333/SqFt
Multi

Location

Image provided by Mapbox

Property Highlights

Home TypeDuplex
Year Built1952
HeatingCentral, Electric
CoolingCentral Air
WaterfrontCanal
FireplaceWood Burning
Private PoolYes
MLS #A4620157
Lot Size0.21 Acres
StatusActive

About 6550 Sabal Dr

Experience the best of Siesta Key with this vibrant two-unit duplex property, ideally located just steps from the stunning Crescent/Siesta Key Beach. This unique property is perfect for investors or those seeking a vacation home, offering both exceptional income potential and a prime location. The property features two units: Unit A, a spacious 3-bedroom, 2-bathroom residence with a heated inground saltwater pool and an above-ground hot tub; and Unit B, a cozy 1-bedroom, 1-bathroom unit with its own private above-ground pool and hot tub. Both units are decorated with fun, energetic, and colorful decor, including custom murals by local artists that add vibrant pops of color to the traditional shiplap walls. Recent upgrades include new floors, fresh paint, modern bathrooms, and stylish new furnishings. The kitchens in both units are equipped with granite countertops and stainless-steel appliances, ensuring a modern and comfortable living experience. The exterior of the property is equally impressive, featuring new fencing, a stone-paved patio with two grills, and private pools and hot tubs for each unit. This property is not only aesthetically pleasing but also functionally superior, having earned a 4.9-star rating as a VRBO 'Premier Host' and recognized as an Airbnb 'SuperHost'. The property is zoned for short-term and nightly rentals, making it an excellent investment opportunity. Tucked away on a peaceful cul-de-sac, this property offers privacy while being within walking distance to the beach, local restaurants, bars, grocery stores, and shops. Guests can enjoy easy access to rental shops for boating, kayaking, jet skiing, and other water sports, enhancing the vacation experience. The property is a short five-minute drive from Publix, adding convenience for both guests and owners. With in-house property management, cleaners, and handyman services already in place, the transition will be seamless and hassle-free. The current management fee is a low 3.5%, compared to the standard 20% in most cases. This turnkey operation generated $286,000 in gross income over the past 12 months, with a gross cap rate of 10%, and is projected to increase rental income by 20% next year with the newly renovated and added amenities. This massive income-producing duplex is a rare find in Siesta Key, combining a fun, Instagram-worthy atmosphere with substantial financial benefits. Don't miss out on this exceptional opportunity to own a piece of paradise that promises both enjoyment and profit. Contact us today to schedule a showing and discover why this property is one of the most sought-after investments in Siesta Key.

Property Details

Property Features

Property Information:

  • Year Built: 1952
  • Living Area: 1,988 SqFt

Listing Office:

  • Office Name: CATALIST REALTY LLC
  • Office Phone: (386) 871-4600
  • Listing Agent: David Crawford

Interior Features

Interior Information:

  • 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
  • Exterior: Fence

Virtual/3D Tour

  • Virtual Tour: 6550 Sabal Dr
Virtual Tour

Lot Features

Lot Information:

  • 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: From I-75 Take exit 205 toward FL-72 W. Turn left onto Midnight Pass Rd. Use any lane to turn left at the 1st cross street onto Old Stickney Point Rd. Turn right onto Sabal Dr. Arrive at 6550 Sabal Dr, Sarasota, FL 34242

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,650,000
  • Price Per SqFt: $1,333/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.

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Sarasota, FL

City

Med. Sold Price

$521.7K

Med. Price/SqFt

$307

Avg. Days On Market

67

# of Sold Homes

301

6550 Sabal Dr vs Sarasota

76 DAYS ON ROCKET

+9 Days

$2,650,000

+$2.1M More

$1,333/SqFt

+$1K More

KEY TAKEAWAY

This property is $2.1M more than the Median Sold Price and $1K/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: #A4620157

Listing Office:

  • Office Name: CATALIST REALTY LLC
  • Office Phone: (386) 871-4600
  • Listing Agent: David Crawford

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.
Last updated on: 10/31/2024, 8:19:49 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

$13.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$8,011

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-835263
8
/10

  • Phillippi Shores Elementary School

  • 4747 S Tamiami Trl

  • 2.42 miles

  • Public District Grades PK-5

Middle School

school-card-donut-835264
5
/10

  • Brookside Middle School

  • 3636 S Shade Ave

  • 3.49 miles

  • Public District Grades 6-8

High School

school-card-donut-835265
5
/10

  • Sarasota High School

  • 1000 S School Ave

  • 5.13 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

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

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 1,988 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 August 16, 2024 and is currently priced at $2,650,000.

While more than 19 listings in Sarasota, FL in September 2024 were sold above asking price, there were more than 64 listings sold at asking price, and more than 218 were sold below. The inventory of homes for sale in Sarasota, FL between August 2024 and September 2024 decreased by 2.1%. While the average time on the market in September 2024 was 67 days, the median list price was $521,731.

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

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