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For sale
    • Price cut: $400K (5/29)
    $8,250,000

    540 S POLK DRIVE, SARASOTA, FL 34236

    6beds
    5,331sqft
    : 
    $53,274/mo
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    Single Family Residence
    Built in 2025
    9,444 Square Feet Lot
    $-- Zestimate®
    $1,548/sqft
    $-- HOA

    What's special

    Bespoke finishesLush tropical oasisMotorized window treatmentsInterior elevatorQuartz countertopsWell-appointed summer kitchenIntelligent access control
    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.
    173 days
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    673
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    55
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    Zillow last checked:

    Listing updated:

    Listed by:

    Kathleen Wingate 813-731-3332,

    PREMIER SOTHEBY'S INTERNATIONAL REALTY 941-383-2500

    Source: Stellar MLS,MLS#: A4681449MLS LogoOriginating MLS: Sarasota - Manatee

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 7
      • Full bathrooms: 6
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Bonus Room, Den/Library/Office, Florida Room, Dining Room, Great Room, Utility Room, Media Room
      Primary bedroom
      • Features: Dual Sinks, En Suite Bathroom, Multiple Shower Heads, Rain Shower Head, Shower No Tub, Built-in Closet
      • Level: Second
      Bedroom 1
      • Features: En Suite Bathroom, Built-in Closet
      • Level: Second
      • Area: 168 Square Feet
      • Dimensions: 14x12
      Bedroom 2
      • Features: En Suite Bathroom, Built-in Closet
      • Level: Second
      • Area: 182 Square Feet
      • Dimensions: 14x13
      Bedroom 3
      • Features: En Suite Bathroom, Built-in Closet
      • Level: Second
      • Area: 168 Square Feet
      • Dimensions: 14x12
      Bedroom 4
      • Features: En Suite Bathroom, Built-in Closet
      • Level: Second
      • Area: 208 Square Feet
      • Dimensions: 13x16
      Bedroom 5
      • Features: En Suite Bathroom, Built-in Closet
      • Level: Third
      • Area: 156 Square Feet
      • Dimensions: 12x13
      Balcony porch lanai
      • Level: Third
      • Area: 238 Square Feet
      • Dimensions: 17x14
      Den
      • Features: Built-In Shelving
      • Level: Third
      • Area: 160 Square Feet
      • Dimensions: 16x10
      Dining room
      • Features: Wet Bar
      • Level: Third
      • Area: 480 Square Feet
      • Dimensions: 32x15
      Family room
      • Features: Wet Bar
      • Level: Second
      • Area: 608 Square Feet
      • Dimensions: 38x16
      Great room
      • Level: Third
      • Area: 340 Square Feet
      • Dimensions: 17x20
      Kitchen
      • Features: Bar, Pantry
      • Level: Third
      • Area: 240 Square Feet
      • Dimensions: 16x15
      Heating
      • Central, Heat Pump
      Cooling
      • Central Air
      Appliances
      • Included: Bar Fridge, Dishwasher, Dryer, Exhaust Fan, Gas Water Heater, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Tankless Water Heater, Washer
      • Laundry: Laundry Room
      Features
      • Built-in Features, Ceiling Fan(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
      • Flooring: Porcelain Tile
      • Doors: Outdoor Grill, Outdoor Kitchen, Sliding Doors
      • Windows: Window Treatments
      • Has fireplace: No
      • Furnished: Yes
      Interior area
      • Total structure area: 9,258
      • Total interior livable area: 5,331 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 4
      • Parking features: Driveway, Garage Door Opener, Oversized, Split Garage
      • Attached garage spaces: 4
      • Has uncovered spaces: Yes
      Features
      • Levels: Three Or More
      • Stories: 3
      • Patio & porch: Covered, Deck
      • Exterior features: Balcony, Irrigation System, Lighting, Outdoor Grill, Outdoor Kitchen, Rain Gutters
      • Has private pool: Yes
      • Pool features: Chlorine Free, Deck, Fiber Optic Lighting, Gunite, Heated, In Ground, Lighting, Salt Water
      • Has spa: Yes
      • Spa features: Heated
      • Fencing: Fenced,Other
      • Has view: Yes
      • View description: City, Water, Gulf/Ocean - Partial
      • Has water view: Yes
      • Water view: Water,Gulf/Ocean - Partial
      • Waterfront features: Beach Access, Gulf/Ocean Access
      Lot
      • Size: 9,444 Square Feet
      • Features: Flood Insurance Required, FloodZone, Landscaped
      • Residential vegetation: Trees/Landscaped
      Details
      • Additional structures: Outdoor Kitchen
      • Parcel number: 2016060047
      • Zoning: RMF2
      • Special conditions: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Contemporary
      • Property subtype: Single Family Residence
      Materials
      • Concrete, Stucco, Wood Siding
      • Foundation: Slab
      • Roof: Membrane
      Condition
      • Completed
      • New construction: No
      • Year built: 2025

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected
      Green energy
      • Energy efficient items: Appliances, Doors, Thermostat, Windows

      Community & HOA

      Community
      • Security: Closed Circuit Camera(s), Security System, Smoke Detector(s)
      • Pet fee: $0 monthly
      • Subdivision: LIDO BEACH DIV B
      HOA
      • Has HOA: No
      Location
      • Region: Sarasota

      Financial & listing details

      • Price per square foot: $1,548/sqft
      • Tax assessed value: $1,405,400
      • Annual tax amount: $20,946
      • Date on market: 2/7/2026
      • Cumulative days on market: 174 days
      • Listing terms: Cash,Conventional
      • Ownership: Fee Simple
      • Total actual rent: 0
      • Electric utility on property: Yes
      • Road surface type: Paved, Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/29/2026Price change$8,250,000-4.6%$1,548/sqft
        Source: Stellar MLS #A4681449 Report a problem
        2/7/2026Listed for sale$8,650,000$1,623/sqft
        Source: Stellar MLS #A4681449 Report a problem
        10/29/2025Listing removed$8,650,000$1,623/sqft
        Source: Stellar MLS #A4649684 Report a problem
        8/11/2025Price change$8,650,000-2.8%$1,623/sqft
        Source: Stellar MLS #A4649684 Report a problem
        7/7/2025Price change$8,900,000-18.3%$1,669/sqft
        Source: Stellar MLS #A4649684 Report a problem
        6/19/2025Price change$10,900,000-7.6%$2,045/sqft
        Source: Stellar MLS #A4649684 Report a problem
        6/3/2025Price change$11,800,000-4.1%$2,213/sqft
        Source: Stellar MLS #A4649684 Report a problem
        5/19/2025Price change$12,300,000+25.5%$2,307/sqft
        Source: Stellar MLS #A4649684 Report a problem
        4/21/2025Listed for sale$9,800,000+1300%$1,838/sqft
        Source: Stellar MLS #A4649684 Report a problem
        10/31/2023Sold$700,000-67.1%$131/sqft
        Source: Public Record Report a problem
        7/11/2022Sold$2,125,000+1.2%$399/sqft
        Source: Public Record Report a problem
        6/7/2022Pending sale$2,100,000$394/sqft
        Source: Stellar MLS #A4536905 Report a problem
        6/5/2022Listed for sale$2,100,000$394/sqft
        Source: Stellar MLS #A4536905 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$20,946 -9.8%$1,405,400 -11.4%
        2024$23,225 -19.7%$1,586,200 -18.3%
        2023$28,924 +820.2%$1,942,500 +736%
        2022$3,143 -0.4%$232,369 +3%
        2021$3,155 -0.8%$225,601 +1.4%
        2020$3,182 +2.9%$222,486 +2.3%
        2019$3,092 $217,484 +1.9%
        2018$3,092 +1.9%$213,429 +2.1%
        2017$3,036 +0.7%$209,039 -64.9%
        2016$3,015 $594,800 +8.6%
        2015$3,015 +0.2%$547,700 +175.6%
        2014$3,007 +0.4%$198,721
        2013$2,996 +4%$198,721 +1.7%
        2012$2,881 +4.8%$195,399 +3%
        2011$2,749 +0.2%$189,708 +1.5%
        2010$2,742 +10%$186,904 +2.7%
        2009$2,493 $181,990 +0.1%
        2008$2,493 -5.8%$181,808 +3%
        2007$2,646 $176,513 +2.5%
        2006-- $172,208 +3%
        2005-- $167,192 +3%
        2004$2,669 -1.1%$162,322 +1.9%
        2003$2,699 +0.9%$159,295 +2.4%
        2002$2,674 +7.3%$155,562 +1.6%
        2001$2,491 +3.1%$153,112 +3%
        2000$2,415 $148,652
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Lido Key

        Getting around

        63 / 100
        Somewhat Walkable
        0 / 100
        No Nearby Transit
        71 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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