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Description
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.
Property Highlights
Property Type: Residential -
Cooling: Central Air, Wall/Window Unit(s)
Heating: Electric
Lot Size: 0.21 Acres
Roof Type: Shingle
Stories: 1.0
Taxes: $13,211
Year Built: 1952
General Information
Bedrooms: 3
Bathrooms: 3 Full
Sqft: 1,691
County: Sarasota
Subdivision: SABAL PALMS
Listed By:
Steve Fingerman
PEOPLE'S TRUST REALTY
727-946-0904
MLS ID: TB8548050
Amenities
Kitchen/Family Room Combo
Courtyard
Outdoor Grill
Outdoor Shower
Room Information
Kitchen: 99x99
Living Room: 99x99
Primary Bedroom: 99x99
Property Features
Appliances: Dishwasher, Microwave, Range, Refrigerator
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
Exterior: Frame
Fireplace: Wood Burning
Fireplace Y/N: Yes
Flood Zone Code: AE
Flooring: Vinyl
Foundation: Block
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot Dimensions: 0.21
Ownership: Fee Simple
Pool: Heated
Property Attached Y/N: No
Property Sub-Type: Half Duplex
Sewer: Public Sewer
Showing Instructions: Appointment Only, See Remarks
Special Sale Provisions: None
Swimming Pool: Yes
Utilities: Electricity Connected, Water Connected
Water: Public
Water Access Y/N: No
Zoning: RMF1
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6550 Sabal Drive , Sarasota, FL 34242.
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Estimated Payment
$ 9,107.85 per month $7,369.64 Principal & Interest $1,100.92 Property Tax $637.29 Homeowner's InsuranceChange Payment Information
About this area
About Sarasota
Sarasota, FL is a cultural gem. Once home to the Ringling Brothers Circus, Sarasota boasts a rich arts scene that brings people from all over the area to enjoy world-class theater, music, and other performing arts. Sarasota is also a haven with spectacular scenery, turquoise water and white sandy beaches. It offers a delightful downtown with a variety of small boutiques and exceptional restaurants. With its dynamic culture and arts scene and incredible natural beauty, Sarasota is a wonderful place to call “home.”
Learn More About Living in Sarasota, Florida
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