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Sold for $3,400,000
  • $3,400,000

    551 S POLK DRIVE, SARASOTA, FL 34236

    3beds
    2,565sqft
    Single Family Residence
    Built in 1979
    10,169 Square Feet Lot
    $3,244,300 Zestimate®
    $1,326/sqft
    $7,872 Estimated rent

    Home value

    $3,244,300

    $2.92M - $3.60M

    $7,872/mo

    Zestimate® history
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    What's special

    Heated pool and spaPrivate dockLarge islandTravertine lanaiExpansive terraceStunning canal viewsSpa-inspired bathroom
    Discover the ultimate blend of coastal elegance and modern design in this fully remodeled 3 bedroom, 3 bathroom home located just steps from the sandy shores of Lido Beach and the world-famous St. Armand’s Circle. Imagine morning strolls on the beach, afternoons exploring boutique shops, and evenings savoring fine dining, all within walking distance from your doorstep. A home designed for effortless living, step inside this elevated 2,600 square foot retreat and be greeted by a light-filled, open concept floor plan that invites comfort and style. The professionally designed interiors feature a chef’s kitchen with Thermador appliances, a large island, and cozy eat in area perfect for gatherings. The primary suite is a sanctuary in itself, boasting an oversized walk-in-closet and spa-inspired bathroom. Two additional bedrooms share a beautifully updated guest bath, ensuring space and privacy for all. The thoughtful design extends outdoors to a brand new Travertine lanai showcasing a heated pool and spa, surrounded by an expansive terrace and stunning canal views. There is also a gas fire pit where you can enjoy our world famous sunsets! Watch dolphins, manatees, and fish glide through the water from your private dock with a 66 foot newly capped seawall and 4,000 pound boat lift – a boater’s paradise. Move in ready, with peace of mind as this home is packed with modern upgrades including updated mechanical systems, on demand hot water tank, hurricane-rated sliders and windows, a durable metal roof with new gutters, storm rated garage door with ac system, and a new front walkway and driveway with a sprinkler system. Best of all, this home sustained no damage from recent storms. Property is a quick drive to downtown Sarasota, fine dining, entertainment, and the International Sarasota Airport. The property is offered fully furnished with high end pieces, making your move seamless. Don’t miss this rare opportunity. Whether you’re seeking a permanent residence or a vacation retreat, this coastal contemporary gem delivers it all.

    Zillow last checked:

    Listing updated:

    Listed by:

    Nicholle McKiernan 941-928-2922,

    COLDWELL BANKER REALTY 941-383-6411,

    Patrick DiPinto, III 941-323-0033,

    COLDWELL BANKER REALTY

    Bought with:

    Patrick DiPinto, III, 3207959

    COLDWELL BANKER REALTY

    Source: Stellar MLS,MLS#: A4632136MLS LogoOriginating MLS: Sarasota - Manatee

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Rooms
    • Room types: Family Room
    Primary bedroom
    • Features: Water Closet/Priv Toilet, Walk-In Closet(s)
    • Level: First
    Bathroom 1
    • Level: First
    Bathroom 3
    • Level: First
    Dinette
    • Level: First
    Kitchen
    • Features: Pantry
    • Level: First
    Living room
    • Level: First
    Heating
    • Electric
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Dryer, Microwave, Range, Range Hood, Refrigerator, Washer, Wine Refrigerator
    • Laundry: Laundry Room
    Features
    • Central Vacuum, Eating Space In Kitchen, Open Floorplan, Primary Bedroom Main Floor, Walk-In Closet(s)
    • Flooring: Tile
    • Doors: Sliding Doors
    • Windows: Shutters, Window Treatments
    • Basement: Full,Unfinished
    • Has fireplace: No
    • Furnished: Yes
    Interior area
    • Total structure area: 2,565
    • Total interior livable area: 2,565 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Driveway, Garage Door Opener
    • Attached garage spaces: 2
    • Has uncovered spaces: Yes
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Patio
    • Exterior features: Irrigation System, Lighting, Rain Gutters, Sidewalk
    • Has private pool: Yes
    • Pool features: Deck, Heated, Lighting
    • Has spa: Yes
    • Spa features: Heated
    • Fencing: Vinyl
    • Has view: Yes
    • View description: Water, Canal
    • Has water view: Yes
    • Water view: Water,Canal
    • Waterfront features: Canal - Saltwater, Bay/Harbor Access, Saltwater Canal Access, Lift, Seawall
    Lot
    • Size: 10,169 Square Feet
    • Features: Landscaped, Private
    • Residential vegetation: Mature Landscaping
    Details
    • Parcel number: 2016030007
    • Zoning: RSF2
    • Special conditions: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Coastal,Contemporary,Ranch
    • Property subtype: Single Family Residence
    Materials
    • Stucco
    • Foundation: Stem Wall
    • Roof: Metal
    Condition
    • New construction: No
    • Year built: 1979

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, Cable Connected, Electricity Available

    Community & HOA

    Community
    • Security: 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: $1,326/sqft
    • Tax assessed value: $3,036,200
    • Annual tax amount: $43,618
    • Date on market: 12/31/2024
    • Cumulative days on market: 21 days
    • Listing terms: Cash,Conventional,Other
    • Ownership: Fee Simple
    • Total actual rent: 0
    • Electric utility on property: Yes
    • Road surface type: Asphalt, Paved

    Price history

    DateEventPrice
    4/28/2025Sold$3,400,000-9.3%$1,326/sqft
    Source: Stellar MLS #A4632136 Report a problem
    1/22/2025Pending sale$3,749,000$1,462/sqft
    Source: Stellar MLS #A4632136 Report a problem
    12/31/2024Listed for sale$3,749,000+2875.4%$1,462/sqft
    Source: Stellar MLS #A4632136 Report a problem
    3/23/2017Sold$126,000-90.5%$49/sqft
    Source: Public Record Report a problem
    2/20/2017Pending sale$1,325,000$517/sqft
    Source: Keller Williams - Sarasota Lakewood Ranch #A4170529 Report a problem
    2/14/2017Price change$1,325,000-4.7%$517/sqft
    Source: Keller Williams - Sarasota Lakewood Ranch #A4170529 Report a problem
    1/24/2017Price change$1,390,000-0.7%$542/sqft
    Source: Keller Williams - Sarasota Lakewood Ranch #A4170529 Report a problem
    12/22/2016Price change$1,400,000-5.1%$546/sqft
    Source: Keller Williams - Sarasota Lakewood Ranch #A4170529 Report a problem
    12/10/2016Listed for sale$1,475,000$575/sqft
    Source: Keller Williams - Sarasota Lakewood Ranch #A4170529 Report a problem
    12/6/2016Pending sale$1,475,000$575/sqft
    Source: Keller Williams - Sarasota Lakewood Ranch #A4170529 Report a problem
    12/1/2016Listed for sale$1,475,000$575/sqft
    Source: KELLER WILLIAMS REALTY SELECT #A4170529 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$46,039 +3%$3,036,200 -0.1%
    2024$44,718 +2.5%$3,039,427 +3%
    2023$43,618 +42.9%$2,950,900 +74.6%
    2022$30,525 +23.1%$1,690,565 +10.8%
    2021$24,788 +9.8%$1,525,150 +10%
    2020$22,581 +4.6%$1,386,500 +4.4%
    2019$21,589 $1,327,700 +12.6%
    2018$21,589 +12%$1,178,700 +132.8%
    2017$19,277 +138.7%$506,394 -54.6%
    2016$8,075 $1,114,600 +13.4%
    2015$8,075 +8.1%$982,600 +119.9%
    2014$7,473 +0.2%$446,799
    2013$7,456 +3.9%$446,799 +1.7%
    2012$7,179 +5.1%$439,330 +3.6%
    2011$6,830 +0.1%$423,913 +1.5%
    2010$6,822 +9.6%$417,648 +2.7%
    2009$6,224 $406,668 +0.1%
    2008$6,224 -1.3%$406,262 +3%
    2007$6,305 $394,429 +2.5%
    2006-- $384,809 +3%
    2005-- $373,601 +3%
    2004$6,427 -1.3%$362,719 +1.9%
    2003$6,512 +0.8%$355,956 +2.4%
    2002$6,457 +6.9%$347,613 +1.6%
    2001$6,042 +2.9%$342,139 +3%
    2000$5,873 $332,174
    Find assessor info on the county website

    Neighborhood: Lido Key

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $3,244,300
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $3,244,300