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12976 98th Street
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- 6550 Sabal Drive, SARASOTA, FL 34242
Property Photos
- MLS#: A4620157 ( Residential Income )
- Street Address: 6550 Sabal Drive
- Viewed: 5
- Price: $2,650,000
- Price sqft: $0
- Waterfront: Yes
- Wateraccess: Yes
- Waterfront Type: Canal - Brackish
- Year Built: 1952
- Bldg sqft: 0
- Bedrooms: 4
- Total Baths: 3
- Days On Market: 61
- Additional Information
- Geolocation: 27.2507 / -82.5327
- County: SARASOTA
- City: SARASOTA
- Zipcode: 34242
- Subdivision: Sabal Palms
- Provided by: CATALIST REALTY LLC
- Contact: David Crawford
- 386-871-4600
- DMCA Notice
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DescriptionExperience the best of Siesta Key with this vibrant two unit duplex property, ideally located just steps from the stunning Crescent/Siesta Key Beach. This unique property is perfect for investors or those seeking a vacation home, offering both exceptional income potential and a prime location. The property features two units: Unit A, a spacious 3 bedroom, 2 bathroom residence with a heated inground saltwater pool and an above ground hot tub; and Unit B, a cozy 1 bedroom, 1 bathroom unit with its own private above ground pool and hot tub. Both units are decorated with fun, energetic, and colorful decor, including custom murals by local artists that add vibrant pops of color to the traditional shiplap walls. Recent upgrades include new floors, fresh paint, modern bathrooms, and stylish new furnishings. The kitchens in both units are equipped with granite countertops and stainless steel appliances, ensuring a modern and comfortable living experience. The exterior of the property is equally impressive, featuring new fencing, a stone paved patio with two grills, and private pools and hot tubs for each unit. This property is not only aesthetically pleasing but also functionally superior, having earned a 4.9 star rating as a VRBO 'Premier Host' and recognized as an Airbnb 'SuperHost'. The property is zoned for short term and nightly rentals, making it an excellent investment opportunity. Tucked away on a peaceful cul de sac, this property offers privacy while being within walking distance to the beach, local restaurants, bars, grocery stores, and shops. Guests can enjoy easy access to rental shops for boating, kayaking, jet skiing, and other water sports, enhancing the vacation experience. The property is a short five minute drive from Publix, adding convenience for both guests and owners. With in house property management, cleaners, and handyman services already in place, the transition will be seamless and hassle free. The current management fee is a low 3.5%, compared to the standard 20% in most cases. This turnkey operation generated $286,000 in gross income over the past 12 months, with a gross cap rate of 10%, and is projected to increase rental income by 20% next year with the newly renovated and added amenities. This massive income producing duplex is a rare find in Siesta Key, combining a fun, Instagram worthy atmosphere with substantial financial benefits. Don't miss out on this exceptional opportunity to own a piece of paradise that promises both enjoyment and profit. Contact us today to schedule a showing and discover why this property is one of the most sought after investments in Siesta Key.
Property Location and Similar Properties
All
Similar
Features
Waterfront Description
- Canal - Brackish
Home Owners Association Fee
- 0.00
Carport Spaces
- 0.00
Close Date
- 0000-00-00
Cooling
- Central Air
Country
- US
Covered Spaces
- 0.00
Exterior Features
- Fence
Garage Spaces
- 0.00
Heating
- Central
- Electric
Insurance Expense
- 0.00
Interior Features
- Open Floorplan
- Primary Bedroom Main Floor
- Stone Counters
Legal Description
- LOT A UNRECORDED PLAT OF SABAL PALMS
- BEING SAME LANDS AS DESC IN ORI 2022081180
Living Area
- 1988.00
Area Major
- 34242 - Sarasota/Crescent Beach/Siesta Key
Net Operating Income
- 0.00
Open Parking Spaces
- 0.00
Other Expense
- 0.00
Parcel Number
- 0108090005
Pool Features
- Auto Cleaner
- Deck
- Heated
- In Ground
- Salt Water
Property Type
- Residential Income
Roof
- Shingle
Sewer
- Public Sewer
Tax Year
- 2023
Township
- 37S
Utilities
- Cable Connected
- Electricity Connected
- Sewer Connected
- Street Lights
- Water Connected
Virtual Tour Url
- https://www.propertypanorama.com/instaview/stellar/A4620157
Water Source
- Private
Year Built
- 1952
Zoning Code
- RMF1
Listing Data ©2024 Pinellas/Central Pasco REALTOR® Organization
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Display of MLS data is usually deemed reliable but is NOT guaranteed accurate.
Datafeed Last updated on October 16, 2024 @ 12:00 am
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