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6550 Sabal Drive, 
Sarasota, FL 34242

$1,975,000

—

Bed

—

Bath

1,691

Sq Ft

Multi-Family

Virtual Tour

Active

Listed by

Steven Koleno

Beycome Of Florida LLC.

Last updated:

January 28, 2026, 08:32 PM

MLS#

O6377497

Source:

MFRMLS

About This Home

6550 Sabal Drive

Discover an exceptional income-generating property in the heart of coveted Siesta Key! This fully renovated multi-unit compound features two spacious 3-bedroom, 2-bathroom units (one upstairs, one downstairs) currently operating as three separate Airbnb Superhost listings. With an impressive $393,000 gross income in 2023 and $350,000 in 2024 (despite hurricane-related downtime), this turnkey investment provides immediate and includes a complete management team and established brand. The property boasts recent upgrades including brand-new AC (2025), updated flooring (2024-2025), modernized plumbing (2024), electrical (2022), and refreshed hot tubs (2021). What sets this opportunity apart is its CG zoning with a special exemption for nightly rentals—a rare advantage that not only protects your rental business but also unlocks significant development potential. Future possibilities include constructing an 85-foot building with ground-floor parking, 11 two-bedroom units, and a stunning rooftop pool. Whether you're seeking a high-performing short term 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.

Home Facts

Multi-Family

Built in 1952

Price Summary

1,975,000

$1,167 per Sq. Ft.

MLS #:

O6377497

Last Updated:

January 28, 2026, 08:32 PM

Added:

a day ago

Rooms & Interior

Interior

Living Area:

1,691 Sq. Ft.

Structure

Structure

Building Area:

1,691 Sq. Ft.

Year Built:

1952

Lot

Lot Size (Sq. Ft):

8,960

Finances & Disclosures

Finances

Price:

$1,975,000

Price per Sq. Ft:

$1,167 per Sq. Ft.

MLS Logo
The information being provided by Stellar Mls is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Stellar Mls. Beycome Of Florida LLC. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Beycome Of Florida LLC., a broker participant of Stellar Mls. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Stellar Mls and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Properties in listings may have been sold or may no longer be available. Copyright 2026 Stellar Mls. All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.