$8,250,000
540 Polk Drive
Sarasota, FL 34236
Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Garage spaces
Flood zone
About this home
This exquisite residence combines sophisticated contemporary design with exceptional income-producing potential, offering 9,258 square feet of resort-style living just steps from the Gulf beaches. With 5,331 square feet of refined interior space and a curated collection of premium furnishings, the home is ideal as a luxurious family retreat or a high-performing corporate getaway. Zoned for seven-day rentals and supported by a strong rental history, the property commands approximately $1,800 per night in season and $1,300 per night out of season, making it an attractive opportunity for investors or business owners seeking both personal enjoyment and revenue generation. The gourmet kitchen centers around a 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 walk-in closets and 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 tilework, sleek cabinetry and under-lit vanities. Outdoor living is extraordinary, 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. The summer kitchen includes a Heston Aspire grill and wet bar. The fenced backyard is a tropical oasis with a heated saltwater pool, waterfall, fiber-optic lighting, a 12-person spa and a private putting green. Multiple lounging and dining areas accommodate everything from family gatherings to corporate retreats, complete with TVs, beverage refrigerators and game spaces for pool or ping pong. 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. A Sonos multi-room audio system and 12 high-definition TVs enhance entertainment throughout. Architectural highlights include stacked-stone and wood cladding, horizontal balcony rails, and Ipe wood on balconies and the rooftop deck. Hurricane-rated windows and doors, tongue-and-groove ceilings and travertine pavers complete the exterior. 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
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 history111 days on market
- Status: ActiveFeb 7, 2026
- Listed$8,650,000Feb 7, 2026
- Price reduced$8,250,000
Virtual Tour
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Active
- Days on market
- 111
- 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
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
| Room | Level | Dimensions |
|---|---|---|
| Great Room | Third | 17x20 |
| Kitchen | Third | 16x15 |
| Dining Room | Third | 32x15 |
| Family Room | Second | 38x16 |
| Den | Third | 16x10 |
| Primary Bedroom | Second | |
| Bedroom 1 | Second | 14x12 |
| Bedroom 2 | Second | 14x13 |
| Bedroom 3 | Second | 14x12 |
| Bedroom 4 | Second | 13x16 |
| Bedroom 5 | Third | 12x13 |
| Balcony/Porch/Lanai | Third | 17x14 |
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
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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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of May 29, 2026 at 11:02 AM 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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