540 Polk Drive, FL540 Polk Drive, FL540 Polk Drive, FL
Stellar MLS
1 / 96

$8,250,000

540 Polk Drive

Sarasota, FL 34236

Listing updated: June 29, 2026 at 12:02 PM ET

Active
Stellar MLSListing courtesy of Premier Sotheby'S International Realty · Kathleen Wingate · MLS #A4681449 · Active · 941-383-2500
6
Beds
7
Baths
5,331
Sq Ft
0.22
Acres
2025
Built
Water viewWater accessPrivate pool4-car garage$1,548/sqft360° tour
Single Family Residence

Property type

2025

Year built

9,444 sqft

Lot size

$1,548

Price / sq ft

No HOA

HOA dues

142

Days on market

4

Garage spaces

AE

Flood zone

About this home

Incredible income potential with this premier, Florida vacation-rental property. Ideally located just steps from the coveted, white-powder, sands of Lido Beach, this high-occupancy, luxury rental home combines high-end design with exceptional income-producing potential. A resort-style sanctuary for up to twelve guests, this Sarasota property offers 9,258 of masterfully-curated, square feet. Zoned for seven-day rentals and supported by a strong rental history, the property makes an attractive opportunity for investors, families or business owners seeking both personal enjoyment and revenue generation. The outdoor living is exceptional with more than 3,300 square feet of covered patios and six balconies culminating in a rooftop deck with 360-degree views of the gulf, bay and city skyline. Dine under the stars with a well-appointed summer kitchen and relax after dinner on the fun putting green. The grounds offer a lush, tropical oasis with a refreshing waterfall spilling into a sparkling saltwater pool. Serene, fiber-optic lighting and the exterior music system will transform the evening while guests relax in the twelve-person spa. Multiple outdoor lounging and dining areas accommodate everything from family gatherings to corporate retreats with multiple TVs, beverage refrigerators and game spaces for pool or ping pong. Designed with entertainment in mind, the refined interior spaces come complete with a collection of premium furnishings. A Sonos multi-room audio system and 12 high-definition TVs enhance entertainment throughout the property. The chef’s kitchen offers a spacious waterfall-edge island and features a Sub-Zero refrigerator, Wolf eight-burner gas range, dual dishwashers, floating shelves and sleek European-style cabinetry. Bespoke finishes elevate every space, including quartz countertops, designer lighting, an interior elevator, custom tambour wood walls, artisanal iron stair rails, 7-inch baseboards and 8-foot interior doors. Each floor includes a wet bar with beverage refrigerators, ice makers or dishwashers, creating effortless flow for entertaining. The primary suite offers a serene private retreat with a spa-inspired bath featuring a backlit marble wall, designer fixtures and a walk-in shower with rain and handheld showerheads. Five additional bedrooms each feature uniquely designed en-suite baths with custom mirrors, distinctive tile work, sleek cabinetry and under-lit vanities. Advanced smart-home technology includes a comprehensive surveillance system with high-definition cameras, whole-property Wi-Fi, intelligent access control, programmable architectural lighting and motorized window treatments. Ideally located near pristine Gulf beaches, St. Armands Circle and downtown Sarasota’s dining, arts and entertainment, this residence offers the rare combination of luxury living, strong rental income and exceptional appeal for families, executives or investors.

Estimated monthly payment

Principal & interest$41,716
Property taxes$1,746
Home insurance (est.)$3,781

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history142 days on market

  1. Status: Active
    Feb 7, 2026
  2. Listed$8,650,000
    Feb 7, 2026
  3. Price reduced$8,250,000

Facts & features

Property type
Residential
Sub type
Single Family Residence
Status
Active
Days on market
142
Subdivision
Lido Beach Div B
County
Sarasota
Year built
2025
Living area
5,331 sq ft
Price/sq ft
$1,548
Building area
9,258 sq ft (Public Records)
Lot size
9,444 sq ft
Lot category
0 to less than 1/4
Flood zone
AE (12115C0129G)
Garage
4 spaces
Pool
Private pool
Annual taxes
$20,946 (2025)
Parcel #
2016060047
Zoning
RMF2
MLS #
A4681449

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Interior Details

Bedrooms
6
Full bathrooms
6
Half bathrooms
1
Flooring
Tile
Appliances
Bar Fridge, Dishwasher, Dryer, Exhaust Fan, Gas Water Heater, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Tankless Water Heater, Washer
Interior features
Built-in Features, Ceiling Fans(s), Dry Bar, Elevator, Kitchen/Family Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Thermostat, Walk-In Closet(s), Wet Bar, Window Treatments
Laundry
Laundry Room
Stories / Levels
Three Or More
Direction faces
Northeast

Heating & Cooling

Heating
Central, Heat Pump
Cooling
Central Air

Parking

Garage spaces
4
Attached garage
Yes
Parking features
Driveway, Garage Door Opener, Oversized, Garage

HOA & Financial

Total monthly fees
$0/mo
Total annual fees
$0
CDD
No
Min lease term
1 Week
Listing terms
Cash, Conventional
Ownership
Fee Simple
Available for lease
Yes
Lease restrictions
Yes
Additional lease restrictions
7 day min.

Exterior & Construction

Exterior features
Balcony, Lighting, Outdoor Grill, Outdoor Kitchen, Rain Gutters, Sliding Doors
Construction materials
Concrete, Stucco, Wood Siding
Roof
Membrane
Foundation
Slab
Pool
Private pool
Water access
Yes
Water view
Yes
Road surface
Asphalt, Paved

Utilities

Sewer
Public Sewer
Water source
Public
Utilities
Electricity Connected

Community

Pets allowed
Yes

Room Details

RoomLevelDimensions
Great RoomThird17x20
KitchenThird16x15
Dining RoomThird32x15
Family RoomSecond38x16
DenThird16x10
Primary BedroomSecond
Bedroom 1Second14x12
Bedroom 2Second14x13
Bedroom 3Second14x12
Bedroom 4Second13x16
Bedroom 5Third12x13
Balcony/Porch/LanaiThird17x14

Listing Details

Listing date
2026-02-07
On market date
2026-02-07
Original list price
$8,650,000
Occupant type
Vacant
MLS area
34236 - Sarasota
Listing AOR
Sarasota - Manatee
Status changed
2026-02-07
Tax legal description
LOT 1 LIDO BEACH DIV B RESUB OF BLKS 17 THRU 27 BLK 54 OR 2397/150

Flood risk

High riskFEMA Zone AEPanel 12115C0129G

FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

Directions

WEST ON JOHN RINGLING BLVD, TURN LEFT ONTO S. WASHINGTON DRIVE, THEN TURN LEFT ONTO SOUTH BLVD. OF THE PRESIDENTS, TURN RIGHT ONTO S. POLK DRIVE.

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Based on information submitted to the MLS GRID as of June 29, 2026 at 12:02 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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