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Description
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.
Property Highlights
Property Type: Multi Unit - Multiple
Cooling: Central Air, Wall/Window Unit(s)
Heating: Electric
Lot Size: 0.21 Acres
Roof Type: Shingle
Taxes: $13,211
Year Built: 1952
General Information
Bedrooms: 4
Sqft: 1,691
County: Sarasota
Subdivision: SABAL PALMS
Listed By:
Steven Koleno
BEYCOME OF FLORIDA LLC
804-656-5007
MLS ID: O6377497
Amenities
Kitchen/Family Room Combo
Courtyard
Outdoor Grill
Outdoor Shower
Private Mailbox
Property Features
Annual Net Income: 0.00
Days on Site: 33
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
Foundation: Block
Home Warranty Y/N: No
Listing Terms: Cash, Conventional, FHA, Other, VA Loan
Lot Dimensions: 0.21
Ownership: Fee Simple
Pool: Above Ground, Heated, In Ground
Property Attached Y/N: No
Property Sub-Type: Duplex
Sewer: Public Sewer
Showing Instructions: Call Owner
Special Sale Provisions: None
Swimming Pool: Yes
Units: 2
Utilities: Cable Connected, Electricity Connected, Sewer 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
$ 8,338.30 per month $6,661.34 Principal & Interest $1,100.92 Property Tax $576.04 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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