Active
$8,250,000
Est. $48,898/mo

540 S Polk Dr, Sarasota, FL, 34236

$1,548/sqft·Lido Beach DIV B

6 bd7 ba5,331 sqft4 car garageSingle Family
Listed by PREMIER SOTHEBY'S INTERNATIONAL REALTY· Last updated · MLS# A4681449

Ask anything about this home

Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

Est. monthly payment
$48,898/mo
Down payment (20%)
$1,650,000
Property taxes
$1,746/mo
Rate assumed
6.8% · 30 yr
View full breakdown

At a glance

Single family
3 stories · 2025
Water + city views
City
Private pool
Heated
4 car garage
Driveway
9,444 sqft lot
Lot size

About this home

Built-in FeaturesCeiling Fans(s)Dry BarElevatorKitchen/Family Room ComboOpen FloorplanPrimary Bedroom Main FloorSolid Surface Counters

540 S Polk Dr is a 2025-built home in Lido Beach DIV B, Sarasota. Inside you'll find 6 bedrooms, 7 bathrooms, and 5,331 square feet of living space. Listed at $8,250,000 (about $1,548/sqft), 142 days on market. Flood zone AE - confirm flood insurance requirements with your lender.

From the listing

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.

The essentials

Built
2025
Price / sqft
$1,548
On market
216 days
Annual tax
$20,946
Flood zone
AE
Lot
9,444 sqft
Type
Single Family Residence

Location

540 S Polk Dr
Sarasota, FL, 34236·34236 - Sarasota
Type
Single Family Residence
Year Built
2025
Lot
9,444 sqft
Cooling
Central Air
Heating
Central, Heat Pump
Parking
Driveway, Garage Door Opener, Oversized, Garage
Pool
Chlorine Free, Deck, Fiber Optic Lighting, Gunite, Heated, In Ground, Lighting, Salt Water
Days on Market
216
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
Balcony
Lighting
Outdoor Grill
Outdoor Kitchen
Rain Gutters
Sliding Doors
Bar Fridge
Dishwasher
Dryer
Exhaust Fan
Gas Water Heater
Ice Maker
Microwave
Range
Range Hood
Refrigerator
Tankless Water Heater
Washer
Flood Zone AE

Annual Tax (2025)

$20,946

Parcel #

2016060047

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision

Lido Beach DIV B

County

Sarasota

MLS Area

34236 - Sarasota

Lot Size

9,444 sqft

Flood Insurance RequiredFloodZoneLandscapedPaved
Date
Event
Price
5/29/2026
Price change
Source: Stellar MLS #A4681449
$8,250,000-4.6%
$1,548/sqft
2/7/2026
Listed for sale
Source: Stellar MLS #A4681449
$8,650,000
$1,623/sqft
Est. monthly payment$48,898/mo
Principal & interest$43,027
Property taxes$1,746
Insurance$4,125
Down payment20% · $1,650,000
Interest rate6.80%
Loan term

Not sure what you can afford?

Put in your household income and we will tell you where this payment sits.

Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Offer Insights

Choose an offer strength

List price: $8,250,000
$7.96M – $8.25M
96.5% – 100% of listTops out right at the list price
80% of listList price
27 of the last 52 home closings in 34236 landed at this number or higher (52%). The median one sat 94 days before it went under contract, and this one is on day 216 after a $400,000 cut.

Sample: 52 closed home sales in 34236 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Keep exploring Tampa Bay

Pick up where you left off, or see what else is out there.