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6550 SABAL DR,  SARASOTA, FL 34242

MLS# O6377497.  4 beds.  0.0 baths.  Apartment.  Active

$13,211 in taxes (2025)

$1,975,000

 

Remarks:

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.

Quick Info:

  • Listing is courtesy Of: BEYCOME OF FLORIDA LLC ((804-656-5007))
  • Listing Agent: Steven Koleno ((804-656-5007))
  • Days on yellowkey: 65
  • Property Type: Apartment
  • Beds: 4
  • Baths: 0.0
  • Living Area Square Feet: 1691
  • Built 1952
  • Taxes: $13,211 (2025)
  • 0 Days off yellowkey (back on 4/3/2026 )
  • Garage Spaces: ()
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  • Fees: $0
  • Sarasota County
  • Terms: Cash, Conventional, FHA, Other, VA Loan
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  • Subdivision Name: SABAL PALMS
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History:

DateListing TypeDays on yellowkeyMLS#EventPrice% Chg$/sqftSource
4/3/2026Sale65O6377497Back on yellowkey$1,975,000-MLS
1/28/2026Sale0O6377497listed for sale$1,975,000-MLS




Data is updated at least once a week by Sunday nights. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available. The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. Data can be retrieved from any one of the following MLS’s: Greater Fort Lauderdale REALTORS®, Space Coast Association of REALTORS®, My Florida Regional MLS, Florida Gulf Coast MLS, "©2024 Northeast Florida Multiple Listing Service, Inc. All rights reserved." The properties displayed may not be all of the properties in the MLS’s database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker’s logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors® and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

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