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$1,975,000

  • For Sale
  • Active
  • Duplex
  • 4 Beds
  • 3 Total Baths
  • 1,691 Sq. Ft.
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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.

Full Property Details for 6550 Sabal Dr

General

  • Price: $1,975,000
  • Taxes: $13,211 (2025)
  • Status: Active
  • Type: Duplex
  • Source: MidFloridaRegionalMLS
  • MLS ID: O6377497
  • Updated: 2/2/2026
  • Added to Site: 26 day(s) ago

Interior

  • Interior Features: Kitchen and Family Room Combination
  • Fireplace: Yes
  • Fireplace(s): Wood Burning

Rooms

Bathrooms

  • Total Bathrooms: 3

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Laundry: Inside

Additional Information

  • Pool: Yes
  • Private Pool: Yes
  • Pool Description: Above Ground, Heated, In Ground

Exterior

  • Exterior Features: Courtyard, Outdoor Grill, Outdoor Shower, Private Mailbox

Location

  • Area: 34242 - Sarasota/Crescent Beach/Siesta Key
  • County: Sarasota
  • Development Name: 34242 - Sarasota/Crescent Beach/Siesta Key
  • Subdivision: SABAL PALMS
  • Driving 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.

Community

  • Community Name: 34242 - Sarasota/Crescent Beach/Siesta Key

Heating & Cooling

  • Cooling Type: Central Air, Wall/Window Unit(s)
  • Heating Type: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Cable Connected, Electricity Connected, Sewer Connected, Water Connected

Structural Information

  • # Buildings: 1
  • Exterior Const.: Wood Frame
  • Roof: Shingle
  • Square Feet: 1,691
  • Sq. Ft. Source: Owner
  • Year Built: 1952

Lot Features

  • Lot Size (Acres): 0.21
  • Lot Size (Sq. Ft.): 8,960
  • Lot Size: 8960
  • Street/Road Desc.: Asphalt

Financial Considerations

  • Tax Amount: $13,211
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Special Conditions: None
  • Legal Description: LOT A UNRECORDED PLAT OF SABAL PALMS, BEING SAME LANDS AS DESC IN ORI 2022081180
  • Flood Zone Info: AE
  • APN: 108090005
  • Property ID: 108090005

Listed by Beycome Of Florida Llc

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— 6550 Sabal Dr —

  • Beycome Of Florida Llc

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 6550 Sabal Dr

School District:Sarasota County School District
NameGradesDistance
Phillippi Shores Elementary School
4747 South Tamiami Trail, Sarasota, FL 34231
PK-52.4 mi
Brookside Middle School
3636 South Shade Avenue, Sarasota, FL 34239
6-83.5 mi
Sarasota High School
2155 Bahia Vista Street, Sarasota, FL 34239
9-125.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 6550 Sabal Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/28/2026
Listed
$1,975,000
38.31%
MLS
4/14/2022
Sold
$1,428,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 6550 Sabal Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,209
-12%
$1,063,700
-5%
2024
$13,883
-3%
$1,125,300
-4%
2023
$14,379
86%
$1,168,700
84%
2021
$7,731
-8%
$634,800
-13%
2022
$8,424
9%
$729,000
26%
2021
$7,731
13%
$580,100
38%
2019
$6,871
3%
$418,975
10%
2018
$6,655
1%
$380,886
-34%
2017
$6,573
36%
$573,900
65%
2016
$4,846
3%
$346,800
21%
2015
$4,716
4%
$286,165
10%
2014
$4,529
9%
$260,150
10%
2013
$4,174
—
$236,500
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Beycome Of Florida Llc

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6550 Sabal Drive, Sarasota, FL 34242 (MLS# O6377497) is a Duplex property with 4 bedrooms and 0 full bathrooms. 6550 Sabal Drive is currently listed for $1,975,000 and was received on January 28, 2026. Want to learn more about 6550 Sabal Drive? Do you have questions about finding other Duplex real estate for sale in Sarasota? You can browse all Sarasota real estate or contact a Coldwell Banker agent to request more information.

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