Price Reduction - Waterfront
Address
6550 Sabal DRIVE, SARASOTA, FL
Price
$ 2,845,000
Property Attributes
- MLS#G5082122
- TypeIncome
- CountySARASOTA
- CitySARASOTA
- AreaSarasota-Crescent Beach-Siesta Key
- NeighborhoodSabal Palms
- Zip34242
- StyleDuplex
- Year Built1952
- Taxes$ 14378
- Price$ 2,845,000
- Bedrooms4
- Full Bathrooms3
- Half Bathrooms0
- Sqr Footage1800
- Lot Size0.21 Acres
Data Source:
Stellar MLS
Property Description
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.
| Price History | |
|---|---|
| 5/14/2024 | Listed $2,987,000 |
| 6/5/2024 | 5% - $2,845,000 |
General Features
| Interior Features | Open Floorplan,Primary Bedroom Main Floor,Stone Counters |
|---|---|
| Sewer | Public Sewer |
| Heating | Central,Electric |
| Cooling | Central Air |
| Utilities | Cable Connected,Electricity Connected,Sewer Connected,Street Lights,Water Connected |
| Roof | Shingle |
| Appliances | Dishwasher,Dryer,Electric Water Heater,Exhaust Fan,Ice Maker,Microwave,Range,Refrigerator,Washer |
| Exterior Features | Awning(s),Lighting |
| Zoning | RMF1 |
| Patio/Porch Features | Deck,Front Porch,Patio,Porch,Rear Porch,Screened |
| Pool Features | Auto Cleaner,Deck,Heated,In Ground,Salt Water |
| Security Features | Smoke Detector(s) |
| Construction Materials | Wood Frame,Wood Siding |
| Year Built | 1952 |
| View | Water |
| Levels | One |
| Property SubType | Duplex |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Gross Income | 286000 |
| Waterfront Features | Canal - Brackish |
| County | Sarasota |
| New Construction | No |
| Property Type | Residential Income |
| HOA / Comm Assn | No |
| Subdivision Name | SABAL PALMS |
| Garage Y/N | No |
| Status | Active |
| 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. |
| ModificationTimestamp | 2024-06-05T19:53:44.640Z |
| City | SARASOTA |
| Buyer Agent Compensation | 3.0% |
| View Y/N | Yes |
| Senior Community Y/N | No |
| NumberOfUnitsTotal | 2 |
| MLS Area | 34242 - Sarasota/Crescent Beach/Siesta Key |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 8960 |
| Waterfront Y/N | Yes |
| Carport Y/N | No |
| Street Name | Sabal |
| Spa Features | Above Ground,Heated |
| Land Lease Y/N | No |
| Tax Annual Amount | 14378.95 |
| Ok to Lease | >6 Months |
| Additional Parcels Y/N | No |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/G5082122 |
| Days on Market | 23 |
| Building Area Units | Square Feet |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Tax Lot | A |
| Total Actual Rent | 23800 |
| Legal Description | LOT A UNRECORDED PLAT OF SABAL PALMS,BEING SAME LANDS AS DESC IN ORI 2022081180 |
| Water View | Canal |
| Water Access Type | Canal - Brackish |
| Water Access Y/N | Yes |
| Water View Y/N | Yes |
Interior Features
| Flooring | Luxury Vinyl |
|---|---|
| Furnished Y/N | Furnished |
| Fireplace Features | Wood Burning |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Window Features | Blinds,Drapes |
| Fireplace Y/N | Yes |
| Street Suffix | DRIVE |
| Laundry Features | Inside |
| Total Bedrooms | 4 |
| LivingAreaSource | Owner |
| Total Baths | 3 |
Exterior Features
| Parking Features | Common,Driveway |
|---|---|
| Lot Features | Flood Insurance Required,FloodZone,In County,Street Dead-End |
| Water Source | Private |
| Lot Size Area | 8960 |
| Foundation Details | Slab |
| Number of Buildings | 1 |
| Spa | Yes |
| Building Area Total | 1988 |
| Lot Dimensions | 112 x 100 |
| Lot Size Acres | 0.21 |
| Road Surface Type | Paved |
| Number of Separate Water Meters | 1 |
| Number of Separate Electric Meters | 1 |
| Road Frontage Type | Street Dead-End |
| Road Responsibility | Public Maintained Road |
| Open Parking Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 34242
Price
Taxes
Visits
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on June 8, 2024 10:21 PM UTC
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© 2024 Florida Gulf Coast MLS (FGCMLS) Information deemed reliable, but not guaranteed. The IDX data relating to real estate for sale on this web site comes in part from the Florida Gulf Coast Multiple Listing Service. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
