- Duplex, Residential Income
- 0.21 Acres
- 1952
Address
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Address: 6550 SABAL DRIVE
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City: Sarasota
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State/county: FL
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Zip/Postal Code: 34242
Description
Discover an exceptional income-generating property in the heart of coveted Siesta Key! This fully renovated multi-unit compound features two spacious 3-bedroom, 2-bathroom units (one upstairs, one downstairs) currently operating as three separate Airbnb Superhost listings. With an impressive $393,000 gross income in 2023 and $350,000 in 2024 (despite hurricane-related downtime), this turnkey investment provides immediate and includes a complete management team and established brand. The property boasts recent upgrades including brand-new AC (2025), updated flooring (2024-2025), modernized plumbing (2024), electrical (2022), and refreshed hot tubs (2021). What sets this opportunity apart is its CG zoning with a special exemption for nightly rentals—a rare advantage that not only protects your rental business but also unlocks significant development potential. Future possibilities include constructing an 85-foot building with ground-floor parking, 11 two-bedroom units, and a stunning rooftop pool. Whether you’re seeking a high-performing short term 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.
Details
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Property ID O6377497
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Price $1,975,000.00
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Land Area 0.21 sqft
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Garage Size x x
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Year Built 1952
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Type Duplex, Residential Income
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Property Status Active, For Sale
Additional details
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Listing Terms Cash,Conventional,FHA,Other,VA Loan
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Roof Shingle
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Utilities Cable Connected,Electricity Connected,Sewer Connected,Water Connected
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Sewer Public Sewer
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Cooling Central Air,Wall/Window Unit(s)
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Heating Electric
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County Sarasota
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Property Type Residential Income
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Pool Above Ground,Heated,In Ground
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