$8,250,000

540 Polk Drive

Sarasota, FL 34236

Active
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

📅111

Days on market

🚗4

Garage spaces

🌊AE

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

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 history111 days on market

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

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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MLS GRID

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.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA