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6550 Sabal Drive, Sarasota, FL 34242

Sarasota
Local realty services provided by:CENTURY 21 Affiliates
6550 Sabal Drive,Sarasota, FL 34242
$2,185,000
  • 3 Beds
  • 3 Baths
  • 1,691 sq. ft.
  • Single family
  • Active
Listed by: steve fingerman
Office: people's trust realty
MLS#:TB8548050
Source:MFRMLS

Price summary

  • Price:$2,185,000
  • Price per sq. ft.:$1,292.13

About this home

Discover an exceptional income-producing property in the heart of Siesta Key. This fully renovated multi-unit property features a spacious 3-bedroom, 2-bathroom unit and a 1-bedroom, 1-bathroom unit located side by side, creating an ideal setup for short-term rental income. The property generated $270,000 in gross income in 2023, $264,000 in 2024, $221,891 in 2025, and $176,349 from January through July of this year, even with hurricane related downtime, making this a turnkey investment with immediate cash flow. The property is zoned RMF (Residential Multifamily) and is legally permitted for nightly rentals, a rare and highly desirable zoning designation on Siesta Key. Recent upgrades include brand new AC (2025), updated flooring (2025), modernized plumbing (2025), electrical upgrades (2025), and hot tubs installed (2023). With its proven rental history and strong income potential, this property offers one of the best cap rate opportunities currently available on Siesta Key. is part...

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Home facts

  • Year built:1952
  • Subdivision & Development:SABAL PALMS
  • Listing ID #:TB8548050
  • Added:1 day(s) ago
  • Updated:September 12, 2026 at 05:40 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:3
  • Full bathrooms:3
  • Flooring:Vinyl
  • Kitchen Description:Dishwasher, Kitchen/Family Room Combo, Microwave, Range, Refrigerator
  • Basement Description:Block
  • Living area:1,691 sq. ft.

Heating and cooling

  • Cooling:Central Air, Wall/Window Unit(s)
  • Heating:Electric
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:1952
  • Building area:1,691 sq. ft.
  • Lot area:0.21 Acres
  • Construction Materials:Frame
  • Exterior Features:Courtyard, Outdoor Grill, Outdoor Shower
  • Foundation Description:Block
  • Levels:1 Story

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,185,000
  • Price per sq. ft.:$1,292.13
  • Tax amount:$13,211 (2025)

Features and amenities

  • Appliances:Dishwasher, Microwave, Range, Refrigerator
  • Laundry features:Inside
  • Amenities:Kitchen/Family Room Combo
  • Pool features:Heated, Private Pool
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