6550 Sabal Drive, Sarasota, FL 34242

Local realty services provided by:Tomlin St Cyr Real Estate Services ERA Powered
6550 Sabal Drive,Sarasota, FL 34242
$1,975,000
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  • 4 Beds
  • 3 Baths
  • 1,691 sq. ft.
  • Multi-family
  • Active
Listed by: steven koleno
Office: beycome of florida llc.
MLS#:O6377497
Source:MFRMLS

Price summary

  • Price:$1,975,000
  • Price per sq. ft.:$1,167.95

About this home

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;

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Home facts

  • Year built:1952
  • Listing ID #:O6377497
  • Added:17 day(s) ago
  • Updated:February 14, 2026 at 06:57 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:3
  • Living area:1,691 sq. ft.

Heating and cooling

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

Structure and exterior

  • Roof:Shingle
  • Year built:1952
  • Building area:1,691 sq. ft.
  • Lot area:0.21 Acres

Utilities

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

Finances and disclosures

  • Price:$1,975,000
  • Price per sq. ft.:$1,167.95
  • Tax amount:$13,211 (2025)
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