$8,650,000

540 S Polk Drive Sarasota, FL 34236 Residential - Single Family Active

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Description

This exquisite residence combines sophisticated contemporary design with exceptional income-producing potential, offering 9,258 square feet of resort-style living just steps from the Gulf beaches. With 5,331 square feet of refined interior space and a curated collection of premium furnishings, the home is ideal as a luxurious family retreat or a high-performing corporate getaway. Zoned for seven-day rentals and supported by a strong rental history, the property commands approximately $1,800 per night in season and $1,300 per night out of season, making it an attractive opportunity for investors or business owners seeking both personal enjoyment and revenue generation. The gourmet kitchen centers around a 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 walk-in closets and 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 tilework, sleek cabinetry and under-lit vanities. Outdoor living is extraordinary, 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. The summer kitchen includes a Heston Aspire grill and wet bar. The fenced backyard is a tropical oasis with a heated saltwater pool, waterfall, fiber-optic lighting, a 12-person spa and a private putting green. Multiple lounging and dining areas accommodate everything from family gatherings to corporate retreats, complete with TVs, beverage refrigerators and game spaces for pool or ping pong. 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. A Sonos multi-room audio system and 12 high-definition TVs enhance entertainment throughout. Architectural highlights include stacked-stone and wood cladding, horizontal balcony rails, and Ipe wood on balconies and the rooftop deck. Hurricane-rated windows and doors, tongue-and-groove ceilings and travertine pavers complete the exterior. 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.

Property Highlights

Property Type: Residential - Single Family
Cooling: Central Air
Fenced: Yes
Garage: 4 car attached
Heating: Central, Heat Pump
Home Style: Contemporary
Lot Size: 0.22 Acres
Roof Type: Membrane
Stories: 3.0
Taxes: $20,946
Year Built: 2025

General Information

Bedrooms: 6
Bathrooms: 6 Full 1 Half
Sqft: 5,331
County: Sarasota
Subdivision: LIDO BEACH DIV B
Listed By:
Kathleen Wingate PREMIER SOTHEBY'S INTERNATIONAL REALTY 941-383-2500

Amenities

Built-in Features
Ceiling Fans(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
Balcony
Lighting
Outdoor Grill
Outdoor Kitchen
Rain Gutters
Sliding Doors

Room Information

Great Room: 17x20
Kitchen: 16x15
Dining Room: 32x15
Family Room: 38x16
Den: 16x10
Bedroom 1: 14x12
Bedroom 2: 14x13
Bedroom 3: 14x12
Bedroom 4: 13x16
Bedroom 5: 12x13
Balcony/Porch/Lanai: 17x14

Property Features

Additional Rooms: Bonus Room, Den/Library/Office, Florida Room, Formal Dining Room Separate, Great Room, Inside Utility, Media Room
Appliances: Bar Fridge, Dishwasher, Dryer, Exhaust Fan, Gas Water Heater, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Tankless Water Heater, Washer
Days on Site: 91
Directions: WEST ON JOHN RINGLING BLVD, TURN LEFT ONTO S. WASHINGTON DRIVE, THEN TURN LEFT ONTO SOUTH BLVD. OF THE PRESIDENTS, TURN RIGHT ONTO S. POLK DRIVE.
Energy Efficient: Appliances, Doors, Thermostat, Windows
Exterior: Concrete, Stucco, Wood Siding
Fencing: Fenced, Other
Flood Zone Code: AE
Flooring: Tile
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot: Flood Insurance Required, FloodZone, Landscaped, Paved
Lot Dimensions: 0.22
Other Equipment: Irrigation Equipment
Other Structures: Outdoor Kitchen
Ownership: Fee Simple
Parking: Driveway, Garage Door Opener, Oversized, Garage
Parking Notes: Driveway, Garage Door Opener, Oversized, Garage
Patio/Porch: Covered, Deck
Pets Allowed: Yes
Pool: Chlorine Free, Deck, Fiber Optic Lighting, Gunite, Heated, In Ground, Lighting, Salt Water
Property Attached Y/N: No
Property Sub-Type: Single Family Residence
Security: Closed Circuit Camera(s), Security System, Smoke Detector(s)
Sewer: Public Sewer
Showing Instructions: Appointment Only, Listing Agent Must Accompany
Spa: Heated
Special Sale Provisions: None
Special View Info: Water
Swimming Pool: Yes
Utilities: Electricity Connected
Vegetation: Trees/Landscaped
Water: Public
Water Access: Beach, Gulf/Ocean
Water Access Y/N: Yes
Water View: Gulf/Ocean - Partial
Windows: Insulated Windows, Storm Window(s), Window Treatments
Zoning: RMF2
$8,650,000
6beds
6.5baths
5,331sqft
4cars
Active
BEDS6 BATHS6 full 1 partial SQUARE FEET5,331 MLS#A4681449
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONLIDO BEACH DIV B

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540 S Polk Drive, Sarasota, FL 34236.

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Estimated Payment

$ 33,443.42 per month $29,175.00 Principal & Interest $1,745.50 Property Tax $2,522.92 Homeowner's Insurance

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About this area

Florida/Sarasota
Sarasota

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About Sarasota

Sarasota, FL is a cultural gem. Once home to the Ringling Brothers Circus, Sarasota boasts a rich arts scene that brings people from all over the area to enjoy world-class theater, music, and other performing arts. Sarasota is also a haven with spectacular scenery, turquoise water and white sandy beaches. It offers a delightful downtown with a variety of small boutiques and exceptional restaurants. With its dynamic culture and arts scene and incredible natural beauty, Sarasota is a wonderful place to call “home.” 

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