$2,200,000
6550 Sabal Drive
Sarasota, FL 34242
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
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; turnkey operation available at on a 10% management fee with all staff staying in place. This property could be purchased as a portfolio with 5228 Calle Menorca.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history65 days on market
- Status: ActiveMay 15, 2026
- Listed$1,975,000Jan 28, 2026
- Price increased$2,200,000
Virtual Tour
Facts & features
- Property type
- Residential Income
- Sub type
- Duplex
- Status
- Active
- Days on market
- 65
- Subdivision
- Sabal Palms
- County
- Sarasota
- Year built
- 1952
- Living area
- 1,691 sq ft
- Price/sq ft
- $1,301
- Lot size
- 8,960 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- AE (12115C0143G)
- Pool
- Private pool
- Annual taxes
- $13,211 (2025)
- Parcel #
- 0108090005
- Zoning
- RMF1
- MLS #
- O6377497
Interior Details
- Bedrooms
- 4
- Interior features
- Kitchen/Family Room Combo
- Laundry
- Inside
- Fireplace
- Yes
Heating & Cooling
- Heating
- Electric
- Cooling
- Central Air, Wall/Window Unit(s)
HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- CDD
- No
- Listing terms
- Cash, Conventional, FHA, Other, VA Loan
- Ownership
- Fee Simple
Exterior & Construction
- Exterior features
- Courtyard, Outdoor Grill, Outdoor Shower, Private Mailbox
- Construction materials
- Frame
- Roof
- Shingle
- Foundation
- Block
- Pool
- Private pool
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Listing Details
- Listing date
- 2026-01-28
- On market date
- 2026-01-28
- Original list price
- $1,975,000
- MLS area
- 34242 - Sarasota/Crescent Beach/Siesta Key
- Listing AOR
- Orlando Regional
- Status changed
- 2026-05-15
- Tax legal description
- LOT A UNRECORDED PLAT OF SABAL PALMS, BEING SAME LANDS AS DESC IN ORI 2022081180
Flood risk
FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
Drive south on Ocean Bld/CR 789A. Continue on CR 789A. Bear right onto Midnight Pass Road/CR 758. Continue on Midnight Pass Road. Left to Old Stickney Point Road. Right to Sabal Drive.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively 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.
Based on information submitted to the MLS GRID as of May 15, 2026 at 4:51 PM ET. 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.
Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA