LIDO BEACH – Rare Opportunity! Owned by the same family for 36 years, this property is located on one of the most coveted streets on Lido Key—South Polk Drive—surrounded by multi-million-dollar homes. Just one block to the pristine sands of Lido Beach and one block to the world-class shopping and dining of St. Armands Circle, the location is unmatched. Positioned across from the open bay and canal-front residences, this property offers incredible potential. With a one-week rental minimum, it’s an excellent investment opportunity. Plus, there are no HOA fees. Whether you choose to remodel or build the magnificent home of your dreams, the true value lies in the land. This is your chance to create your own piece of paradise on Lido Key.
Sold for $1,345,000
$1,345,000
554 S POLK DRIVE, SARASOTA, FL 34236
3beds
1,422sqft
Single Family Residence
Built in 1950
7,202 Square Feet Lot
$1,385,500 Zestimate®
$946/sqft
$6,169 Estimated rent
Home value
$1,385,500
$1.32M - $1.45M
$6,169/mo
Zestimate® history
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$8,779/mo
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Surrounded by multi-million-dollar homes
Zillow last checked:
Listing updated:
Listed by:
Shari Norwick PA 941-320-9388,
FINE PROPERTIES 941-782-0000
Bought with:
Non-Member Agent
STELLAR NON-MEMBER OFFICE
Source: Stellar MLS,MLS#: A4673267
Originating MLS: Sarasota - Manatee
Originating MLS: Sarasota - Manatee
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Features: Walk-In Closet(s)
- Level: First
Bedroom 2
- Features: Built-in Closet
- Level: First
Bedroom 3
- Features: Built-in Closet
- Level: First
Dining room
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Heating
- Central
Cooling
- Central Air
Appliances
- Included: None
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Built-in Features, Ceiling Fan(s), Thermostat
- Flooring: Luxury Vinyl, Porcelain Tile
- Doors: Sliding Doors
- Windows: Shutters, Window Treatments
- Has fireplace: No
Interior area
- Total structure area: 1,472
- Total interior livable area: 1,422 sqft
Property
Features
- Levels: One
- Stories: 1
- Exterior features: Awning(s), Private Mailbox, Private Yard, Rain Gutters, Sidewalk, Storage
- Has private pool: Yes
- Pool features: Gunite, In Ground, Salt Water, Tile
- Has spa: Yes
- Spa features: In Ground
- Has view: Yes
- View description: Pool
Lot
- Size: 7,202 Square Feet
Details
- Additional structures: Shed(s), Storage
- Parcel number: 2016060046
- Zoning: RMF2
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Block
- Foundation: Block
- Roof: Tile
Condition
- New construction: No
- Year built: 1950
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: BB/HS Internet Available
Community & HOA
Community
- Pet fee: $0 monthly
- Subdivision: LIDO BEACH DIV B RESUB
HOA
- Has HOA: No
Location
- Region: Sarasota
Financial & listing details
- Price per square foot: $946/sqft
- Tax assessed value: $1,308,700
- Annual tax amount: $17,983
- Date on market: 12/19/2025
- Cumulative days on market: 26 days
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Total actual rent: 0
- Road surface type: Concrete
Price history
| Date | Event | Price |
|---|---|---|
| 2/13/2026 | Sold | $1,345,000-10%$946/sqft |
Source:  Stellar MLS #A4673267 Report a problem | ||
| 1/14/2026 | Pending sale | $1,495,000$1,051/sqft |
Source: Stellar MLS #A4673267 Report a problem | ||
| 12/19/2025 | Listed for sale | $1,495,000+67854.5%$1,051/sqft |
Source: Stellar MLS #A4673267 Report a problem | ||
| 8/24/2012 | Listing removed | $3,800$3/sqft |
Source: Sarasota Lakewood Ranch Ventures, LLC d/b/a Keller Williams Realty #M5829616 Report a problem | ||
| 8/9/2012 | Price change | $3,800-7.3%$3/sqft |
Source: Sarasota Lakewood Ranch Ventures, LLC d/b/a Keller Williams Realty #M5829616 Report a problem | ||
| 6/5/2012 | Listed for rent | $4,100$3/sqft |
Source: Sarasota Lakewood Ranch Ventures, LLC d/b/a Keller Williams Realty #M5829616 Report a problem | ||
| 8/21/2010 | Listing removed | $2,200$2/sqft |
Source: Keller Williams Realty - Lakewood Ranch. #A3927625 Report a problem | ||
| 7/18/2010 | Price change | $2,200-12%$2/sqft |
Source: Keller Williams Realty - Lakewood Ranch. #A3927625 Report a problem | ||
| 6/19/2010 | Listed for sale | $2,500$2/sqft |
Source: Keller Williams Realty - Lakewood Ranch. #A3927625 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $16,622 -7.6% | $940,642 +3% |
| 2024 | $17,983 +1.2% | $913,529 +10% |
| 2023 | $17,774 +29.6% | $830,481 +10.2% |
| 2022 | $13,714 +19.3% | $753,346 +10% |
| 2021 | $11,497 +13.8% | $684,860 +10% |
| 2020 | $10,101 +1.3% | $622,600 +1.1% |
| 2019 | $9,974 +13.7% | $616,100 +4.5% |
| 2018 | $8,771 -6.8% | $589,600 +13.7% |
| 2017 | $9,410 +25.4% | $518,540 +10% |
| 2016 | $7,505 | $471,400 +8.1% |
| 2015 | $7,505 +2% | $435,900 +8.9% |
| 2014 | $7,355 +4.3% | $400,200 |
| 2013 | $7,050 +6.4% | $400,200 +7.8% |
| 2012 | $6,625 +14.7% | $371,360 +10% |
| 2011 | $5,775 -4.8% | $337,600 -1.6% |
| 2010 | $6,069 +11.5% | $343,090 +10% |
| 2009 | $5,443 | $311,900 -6.8% |
| 2008 | $5,443 -13.4% | $334,500 -13% |
| 2007 | $6,282 | $384,700 -15.7% |
| 2006 | -- | $456,100 +46.4% |
| 2005 | -- | $311,500 +3.6% |
| 2004 | $5,039 -2% | $300,600 +10.5% |
| 2003 | $5,143 +25.5% | $272,000 +26.4% |
| 2002 | $4,099 +42.9% | $215,200 +38.2% |
| 2001 | $2,868 +16.7% | $155,700 +18.6% |
| 2000 | $2,458 | $131,300 |
Find assessor info on the county website
Neighborhood: Lido Key
Nearby homes
- $8,250,0006 bd7 ba5.3k sqft540 S Polk Dr, Sarasota, FL 34236For Sale
- $1,728,1002 bd2 ba1.2k sqft440 S Boulevard Of The Presidents, Sarasota, FL 34236Off Market
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- $1,185,0003 bd2 ba1.3k sqft253 Coolidge Dr, Sarasota, FL 34236Sold
- $2,555,200-- bd-- ba5.7k sqft528 S Polk Dr, Sarasota, FL 34236Off Market
- $1,907,2002 bd2 ba1.2k sqft438 S Blvd Of Presidents, Sarasota, FL 34236Off Market
- $1,480,8003 bd3 ba1.6k sqft243 Coolidge Dr, Sarasota, FL 34236Off Market
- $1,395,0006,852 Square Feet243 Coolidge Dr LOT 3, Sarasota, FL 34236Lot/Land
Nearby schools
GreatSchools rating
- 10/10Southside Elementary SchoolGrades: K-5Distance: 2.6 mi
- 5/10Booker Middle SchoolGrades: 6-8Distance: 4.8 mi
- 3/10Booker High SchoolGrades: 9-12Distance: 4.2 mi
Schools provided by the listing agent
- Elementary: Southside Elementary
Source: Stellar MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,385,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,385,500
- Florida
- Sarasota County
- Sarasota
- 34236
- Lido Key
- 554 S POLK DRIVE
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