Property
ActiveResidential
1/60
$8,250,000

540 S POLK DRIVE

Sarasota, FL 34236
6
Beds
7
Baths
5,331
SqFt
0.22
Acres
STELLAR
#A4681449
Updated: Jun 29, 2026, 2:38pm

Property Description

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.
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Included Appliances
Bar FridgeDishwasherDryerExhaust FanGas Water HeaterIce MakerMicrowaveRangeRange HoodRefrigeratorTankless Water HeaterWasher

Property Details

Highlights
View
Yes
Interior
Additional Rooms
Bonus RoomDen/Library/OfficeFlorida RoomFormal Dining Room SeparateGreat RoomInside UtilityMedia Room
Appliances
Bar FridgeDishwasherDryerExhaust FanGas Water HeaterIce MakerMicrowaveRangeRange HoodRefrigeratorTankless Water HeaterWasher
Bathrooms Total Decimal
6.5
Building Area Total
9258
Cooling
Central Air
Flooring
Porcelain Tile
Furnished
Furnished
Green Energy Efficient
AppliancesDoorsThermostatWindows
Heating
CentralHeat Pump
Interior Features
Built-in FeaturesCeiling Fan(s)Dry BarElevatorKitchen/Family Room ComboOpen FloorplanPrimary Bedroom Main FloorSolid Surface CountersSolid Wood CabinetsSplit BedroomThermostatWalk-In Closet(s)Wet BarWindow Treatments
Laundry Features
Laundry Room
Living Area
5331
Rooms Total
12
Security Features
Closed Circuit Camera(s)Security SystemSmoke Detector(s)
Window Features
Insulated WindowsStorm Window(s)Window Treatments
Construction
Architectural Style
Contemporary
Building Area Source
Public Records
Building Area Units
Square Feet
Construction Materials
ConcreteStuccoWood Siding
Direction Faces
Northeast
Foundation Details
Slab
Levels
Three Or More
Living Area Source
Public Records
Living Area Units
Square Feet
Property Condition
Completed
Roof
Membrane
Stories Total
3
Year Built
2025
Site & Exterior
Covered Spaces
4
Exterior Features
BalconyIrrigation SystemLightingOutdoor GrillOutdoor KitchenRain GuttersSliding Doors
Fencing
FencedOther
Flood Zone Code
AE
Garage Spaces
4
I D X Participation
Yes
Lot Features
Flood Insurance RequiredFloodZoneLandscaped
Lot Size Acres
0.22
Lot Size Area
9444
Lot Size Square Feet
9444
Lot Size Units
Square Feet
Open Parking
Yes
Other Structures
Outdoor Kitchen
Parking Features
DrivewayGarage Door OpenerOversizedSplit Garage
Patio And Porch Features
CoveredDeck
Pool Features
Chlorine FreeDeckFiber Optic LightingGuniteHeatedIn GroundLightingSalt Water
Public Survey Range
17
Public Survey Section
35
Road Frontage Type
Street Paved
Road Responsibility
Public Maintained Road
Road Surface Type
PavedAsphalt
Sewer
Public Sewer
Spa Features
Heated
Total Acreage
0 to less than 1/4
Utilities
Electricity Connected
Vegetation
Trees/Landscaped
View
CityWater
Water Access
Yes
Water Source
Public
Water View
Yes
Zoning
RMF2
Zoning Compatible
Yes
Financials
Calculated List Price By Calculated Sq Ft
1547.55
Contract Status Change Date
2026-02-07
Current Price
8250000
Feed Types
BBO
Lease Considered
Yes
Minimum Lease
1 Week
Owner Name
ON RECORD
Ownership
Fee Simple
Parcel Number
2016060047
Public Survey Township
36
Tax Annual Amount
20946
Tax Block
54
Tax Book Number
2397-150
Tax Legal Description
LOT 1 LIDO BEACH DIV B RESUB OF BLKS 17 THRU 27 BLK 54 OR 2397/150
Tax Lot
Yes
Tax Year
2025

Neighborhood & Lifestyle

Community & Association
Additional Lease Restrictions
7 day min.
Lease Restrictions
Yes
M L S Area Major
34236 - Sarasota
Pets Allowed
Yes
S W Subdiv Community Name
Lido Beach
Subdivision Name
LIDO BEACH DIV B
Listing provided courtesy of STELLAR via IDX. Updated: Jun 29, 2026, 2:38pm.
Kathleen Wingate

Listing Agent

PREMIER SOTHEBY'S INTERNATIONAL REALTY

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