6550 Sabal DriveNew Construction Home in Sarasota, FL
Sarasota, FL 34242 · Sarasota County
$2,850,000
$1272/sq ft
Photos of 6550 Sabal Drive
1 / 8About this home
Pre-Construction. To be built. PRE-CONSTRUCTION OPPORTUNITY – SIDE-BY-SIDE LUXURY DUPLEX ON SIESTA KEY An exceptional opportunity to acquire a proposed newly constructed side-by-side luxury duplex at 6550 Sabal Drive on Siesta Key with nightly rentals legally allowed. Designed in a modern West Indies coastal style, the concept features two completely private residences, each offering approximately 2,240 square feet of conditioned living space, four bedrooms, four-and-one-half bathrooms, a private elevator, covered parking for two vehicles, an individual rooftop terrace and a private pool with outdoor entertaining area. The proposed building includes ground-level covered parking and private entrances, two elevated living floors and two divided rooftop decks. Each residence is planned with an open-concept great room, designer kitchen, spacious primary suite, ensuite guest bedrooms, luxury bathrooms and expansive indoor-outdoor living areas. The elevated construction is intended to complement the coastal setting while providing private accommodations for owners, guests or vacation renters. The property contains approximately 8,960 square feet of land and is zoned RMF-1. The existing property is operated as a legal two-family residence and offers convenient access to Siesta Key Beach, nearby restaurants, shopping, boating and the south Siesta Key Village area. This offering is ideal for an investor, multigenerational family or buyer seeking to occupy one residence while using or renting the second residence. The proposed duplex may also provide an opportunity for separate ownership of the residences through an approved condominium structure, subject to legal and governmental review. The offering is for a pre-construction development concept. Renderings, floor plans, dimensions, square footage, finishes, pools, rooftop terraces and other features are conceptual and subject to change. Construction has not commenced. Final design, development rights, permitting, zoning compliance, pricing, completion schedule and specifications remain subject to Sarasota County approval, architectural and engineering review, contractor pricing and a mutually acceptable construction agreement.
Home details and costs
- MLS number
- TB8548050
- Property type
- 1/2 Duplex
- Build stage
- Pre-Construction
- Heated square feet
- 2,240 sq ft
- Total under roof
- 2,240 sq ft
- Stories
- 2 Story
- Lot size
- 0.21 acres
- Subdivision
- Sabal Palms
- HOA fee
- No HOA
- Annual property tax
- $13,211 (current assessment)
- Days on market
- 1 days
Heads up on that tax figure. On new construction, the number in the MLS is often the tax on the bare lot, not the finished home. Expect it to jump once the county reassesses with the house on it. How Florida reassesses new builds
What would this home actually cost per month?
Pre-filled with this listing's price and HOA. Adjust anything to match your situation.
Estimated monthly payment
$21,748
$285,000 down (10%) on a $2,565,000 loan
- Principal and interest
- $16,213
- Property tax (estimated)
- $4,200
- Homeowners insurance
- $267
- PMI (under 20% down)
- $1,069
CDD defaults to zero, and that is often wrong.Many Tampa Bay new-construction communities carry a Community Development District assessment of roughly $1,500 to $3,000 a year on top of HOA, and it is rarely included in a builder's payment estimate. Ask whether this address is in a CDD before you budget.
The tax figure in the MLS looks like a bare-lot assessment. It lists $13,211 a year, while taxing this purchase price works out closer to $50,400. On new construction the county reassesses once the house is finished, so budget from the higher number.
Estimates only. Actual taxes, insurance, and assessments vary by address and change year to year.
Get the real numbers on this homeWhat is negotiable on this home?
Here is what this listing's numbers say about the builder's position.
On the market 1 daysContext
Still relatively fresh. Expect the sales office to hold firmer here than on inventory that has been sitting.
Pre-constructionContext
Nothing is built yet, so there are no carrying costs pressuring the builder. The trade is that you get design-center control and first pick of lots instead.
Where builders actually give
Rarely on the published base price. It sets the comp for every unsold home behind this one, and protecting it protects their appraisals. The real room is in closing cost credits, interest rate buydowns, and upgrades moved into the base. Asking for the right one in the right order is most of the job.
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Listed by People's Trust Realty. Listing data provided courtesy of Stellar MLS via Bridge Interactive. Information is deemed reliable but not guaranteed and is provided for consumers' personal, non-commercial use. 6550 Sabal Drive, Sarasota, FL 34242 is presented by Barrett Henry, REMAX Collective. Prices, availability, and incentives change without notice.