Listing provided courtesy of PREMIER SOTHEBY'S INTERNATIONAL REALTYas Distributed by MLSGrid- MLS# MFRA4681449MLS Provider

540 S POLK DRIVESARASOTA, FL 34236

Single Family · 6 Beds · 6 Full Baths · 1 Half Bath · 5,331 Sq. ft. | 0.22 Acres
$8,250,000 Active

540 S POLK DRIVE Overview

Time on Site:
143 days
Visits:
1

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.

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540 S POLK DRIVE Facts & Features

  • Type Single Family
  • Sq. ft. 5,331
  • Price/Sq.ft. $1,548
  • Lot 0.22 Acres

Details

General

Association/HOA

  • Association: No

Green Features

  • Green Energy Efficient: Appliances,Doors,Thermostat,Windows

Building Information

  • New Construction: No
  • Year Built: 2025

Location/Region

  • Country: US
  • County Or Parish: Sarasota
  • MLS Area Major: 34236 - Sarasota
  • Subdivision Name: LIDO BEACH DIV B
  • Township: 36

Tax Information

  • Tax Annual Amount: 20946
  • Tax Year: 2025

General Information

  • Furnished: Furnished
  • Listing Terms: Cash,Conventional
  • Ownership: Fee Simple
  • Parcel Number: 2016060047
  • Pets Allowed: Yes
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Senior Community: No
  • Special Listing Conditions: None
  • Zoning: RMF2

Interior

Parking Information

  • Garage Spaces: 4
  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 6
  • Bathrooms Half: 1
  • Bathrooms Total: 7
  • Bedrooms Total: 6

Building Interior

  • Building Area Source: Public Records
  • Building Area Total: 9258
  • Building Area Units: Square Feet

General Information

  • Appliances: Bar Fridge,Dishwasher,Dryer,Exhaust Fan,Gas Water Heater,Ice Maker,Microwave,Range,Range Hood,Refrigerator,Tankless Water Heater,Washer
  • Cooling: Central Air
  • Fireplace: No
  • Flooring: Tile
  • Foundation Details: Slab
  • Heating: Central,Heat Pump
  • 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 Features: Laundry Room
  • Levels: Three Or More
  • Living Area: 5331
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Other Equipment: Irrigation Equipment
  • Security Features: Closed Circuit Camera(s),Security System,Smoke Detector(s)
  • Spa Features: Heated
  • Spa: Yes
  • Stories Total: 3
  • Window Features: Insulated Windows,Storm Window(s),Window Treatments

Exterior

Parking Information

  • Parking Features: Driveway,Garage Door Opener,Oversized,Garage

Lot Information

  • Additional Parcels: No
  • Lot Features: Flood Insurance Required,FloodZone,Landscaped,Paved
  • Lot Size Acres: 0.22
  • Lot Size Square Feet: 9444
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Asphalt,Paved
  • Vegetation: Trees/Landscaped
  • Water Source: Public

Waterfront/View

  • View: City,Water,Gulf/Ocean - Partial
  • Waterfront: No

Building Exterior/Construction

  • Architectural Style: Contemporary
  • Attached Garage: Yes
  • Construction Materials: Concrete,Stucco,Wood Siding
  • Direction Faces: Northeast
  • Patio And Porch Features: Covered,Deck
  • Property Attached: No
  • Roof: Membrane

General Information

  • Carport: No
  • Exterior Features: Balcony,Lighting,Outdoor Grill,Outdoor Kitchen,Rain Gutters,Sliding Doors
  • Fencing: Fenced,Other
  • Other Structures: Outdoor Kitchen
  • Pool Features: Chlorine Free,Deck,Fiber Optic Lighting,Gunite,Heated,In Ground,Lighting,Salt Water
  • Pool Private: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Connected

Room Information

Room: Bedroom 1

  • Level: Second
  • Dimensions: 14x12
  • Length: 12
  • Width: 14
  • Features: En Suite Bathroom

Room: Bedroom 2

  • Level: Second
  • Dimensions: 14x13
  • Length: 13
  • Width: 14
  • Features: En Suite Bathroom

Room: Bedroom 3

  • Level: Second
  • Dimensions: 14x12
  • Length: 12
  • Width: 14
  • Features: En Suite Bathroom

Room: Bedroom 4

  • Level: Second
  • Dimensions: 13x16
  • Length: 16
  • Width: 13
  • Features: En Suite Bathroom

Room: Family Room

  • Level: Second
  • Dimensions: 38x16
  • Length: 16
  • Width: 38
  • Features: Wet Bar

Room: Primary Bedroom

  • Level: Second
  • Features: Double Vanity,En Suite Bathroom,Multiple Shower Heads,Rain Shower Head,Shower No Tub

Room: Balcony/Porch/Lanai

  • Level: Third
  • Dimensions: 17x14
  • Length: 14
  • Width: 17

Room: Bedroom 5

  • Level: Third
  • Dimensions: 12x13
  • Length: 13
  • Width: 12
  • Features: En Suite Bathroom

Room: Den

  • Level: Third
  • Dimensions: 16x10
  • Length: 10
  • Width: 16
  • Features: Built-In Shelving

Room: Dining Room

  • Level: Third
  • Dimensions: 32x15
  • Length: 15
  • Width: 32
  • Features: Wet Bar

Room: Great Room

  • Level: Third
  • Dimensions: 17x20
  • Length: 20
  • Width: 17

Room: Kitchen

  • Level: Third
  • Dimensions: 16x15
  • Length: 15
  • Width: 16
  • Features: Bar,Pantry,Walk-In Pantry

540 S POLK DRIVE Neighborhood

Community

34236 (SARASOTA) Demographics

67
Median Age
1,633
Population Density (per sq. mile)
64%
College Educated
$80,761
Estimated Median Income
4,713
Estimated Total Home Owners
2,939
Estimated Total Renters
62% / 38%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data unavailable, School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

540 S POLK DRIVE Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

540 S POLK DRIVE Market Data

Based on the last 30 days in this zip code

$3,322,032
Average List Price
$1,279
Average Price per Square Foot
52
Properties Sold
266
Average Days on Market
584
Properties for Sale
Calculations provided by Reliance Network

540 S POLK DRIVE History

Date Event Value Agent
5/29/2026Source: My Florida Regional MLS Price Reduction
$8,250,000 -4.6%
2/7/2026Source: My Florida Regional MLS Added to Database
February 07, 2026
10/14/2022Source: My Florida Regional MLS Added to Database
October 14, 2022