$2,185,000
6550 Sabal Drive
Sarasota, FL 34242
Listing updated: September 12, 2026 at 5:12 AM ET
Listing courtesy of People'S Trust Realty · Steve Fingerman · MLS #TB8548050 · Active · 727-946-0904Property type
Year built
Lot size
Price / sq ft
HOA dues
Day on market
Flood zone
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 of a very successful Airbnb portfolio consisting of three duplexes with cap rates exceeding 10 percent. Please inquire for details.
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 history1 days on market
- Status: ActiveSep 12, 2026
- Listed$2,185,000Sep 11, 2026
- Price increased$2,185,000
Facts & features
- Property type
- Residential
- Sub type
- Half Duplex
- Status
- Active
- Days on market
- 1
- Subdivision
- Sabal Palms
- County
- Sarasota
- Year built
- 1952
- Living area
- 1,691 sq ft
- Price/sq ft
- $1,292
- 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 #
- TB8548050
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Interior Details
- Bedrooms
- 3
- Full bathrooms
- 3
- Flooring
- Vinyl
- Appliances
- Dishwasher, Microwave, Range, Refrigerator
- Interior features
- Kitchen/Family Room Combo
- Laundry
- Inside
- Stories / Levels
- One
- Direction faces
- East
- 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
- Min lease term
- No Minimum
- Listing terms
- Cash, Conventional
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
Exterior & Construction
- Exterior features
- Courtyard, Outdoor Grill, Outdoor Shower
- Construction materials
- Frame
- Roof
- Shingle
- Foundation
- Block
- Pool
- Private pool
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Electricity Connected, Water Connected
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Kitchen | First | 99x99 |
| Living Room | First | 99x99 |
| Primary Bedroom | First | 99x99 |
Listing Details
- Listing date
- 2026-09-11
- On market date
- 2026-09-11
- Original list price
- $2,185,000
- Occupant type
- Vacant
- MLS area
- 34242 - Sarasota/Crescent Beach/Siesta Key
- Listing AOR
- Suncoast Tampa
- Status changed
- 2026-09-12
- 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 September 12, 2026 at 5:12 AM 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.
All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.
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