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540 S POLK DRIVE

House For Sale
$8,250,000

BTC: 101.40117994

ETH: 3,392.26973684

-$400K (2026/05/29)
250 days
6 bds
6 ba
5,331 sqft

Overview

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.

Location

Details

Type:
Residential
Parking:
Driveway / Garage Door Opener / Oversized / Split Garage
Year Built:
2025
Lot:
0.22 Acres
Heating:
Central / Heat Pump
Price/sqft:
$1,548
Cooling:
Central Air
HOA:
No Data

Highlights

Annual tax
$20,946
2025
Pool
Chlorine Free
View
City, Water
Garage
4 car garage
Furnished
Furnished
Pets
Allowed
All facts and features
  • Flooring

    • Porcelain Tile

    Heating

    • Central

    • Heat Pump

    Cooling

    • Central Air

    Appliances

    • Bar Fridge

    • Dishwasher

    • Dryer

    • Exhaust Fan

    • Gas Water Heater

    • Ice Maker

    • Microwave

    • Range

    • Range Hood

    • Refrigerator

    • Tankless Water Heater

    • Washer

    Other interior 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

    • Window Treatments

    Bedrooms and bathrooms

    • Bedrooms: 6

    • Bathrooms: 1

    • Full bathrooms: 6

  • Parking

    • Driveway

    • Garage Door Opener

    • Oversized

    • Split Garage

    Property

    • Levels: Three Or More

    • Pool Private: Yes

    • Exterior Features: Balcony / Irrigation System / Lighting / Outdoor Grill / Outdoor Kitchen / Rain Gutters / Sliding Doors

    Lot

    • Lot: 0.22 Acres

    Other Property Information

    • Parcel Number: 2016060047

    • Zoning: RMF2

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Electricity Connected

    Green energy

    • Appliances

    • Doors

    • Thermostat

    • Windows

  • Other financial information

    • Annual tax amount: $20,946

  • Source details

    • MLS ID: A4681449

    Other facts

    • Construction Materials: Concrete / Stucco / Wood Siding

    • Foundation Details: Slab

    • Laundry Features: Laundry Room

    • Lot Features: Flood Insurance Required / FloodZone / Landscaped

    • Patio And Porch Features: Covered / Deck

    • Pool Features: Chlorine Free / Deck / Fiber Optic Lighting / Gunite / Heated / In Ground / Lighting / Salt Water

    • Window Features: Insulated Windows / Storm Window(s) / Window Treatments

    • Direction Faces: Northeast

    • Other Structures: Outdoor Kitchen

    • Architectural Style: Contemporary

    • Garage Spaces: 4

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 5331

    • Water Source: Public

    • Subdivision Name: LIDO BEACH DIV B

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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: PREMIER SOTHEBY'S INTERNATIONAL REALTY