$8,250,000
 $44,288 est/mo Sourced by Back At You

540 S Polk Dr,SARASOTA, FL 34236

SARASOTA, FL 34236

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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.

Details

MLS #A4681449
Listing TypeFor Sale
StyleHouse
Sub-TypeFor-sale
StatusActive
Year2025
Days On Site243
Listing Provided ByPREMIER SOTHEBY'S INTERNATIONAL REALTY | Kathleen Wingate

Features

Bed(s)6
Bath(s) 7 Total
SQ Feet5,331
Garage4
PoolYes
Story(s)3
ZoningRMF2
Acreage0.22
Property ViewCity, Water, Gulf, Ocean - Partia

Taxes

Property20946

Area Information

StateFL
CountySarasota
CitySARASOTA
Zip Code34236
Area34236 Sarasota
SubareaLido Beach
Community NameLIDO BEACH DIV B
Listing VS Median (in LIDO BEACH DIV B)
Price:
$8,250,000
low | high
Med:
$3,025,000
100% of Average
sqft:
5,331
low | high
Med:
3,090
92.046520352654% of Average
$ / sqft:
$1,548
low | high
Med:
$967
87.529020147623% of Average
On site:
243
low | high
Med:
119
100% of Average
Sourced by Back At You

Market Activity 34236

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 Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of October 8, 2026 at 1:09:58 PM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

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Learn More About This Property

StateFL
CountySarasota
CitySARASOTA
Zip Code34236
Area34236 Sarasota
SubareaLido Beach
Community NameLIDO BEACH DIV B
Listing VS Median (in LIDO BEACH DIV B)
Price:
$8,250,000
low | high
Med:
$3,025,000
100% of Average
sqft:
5,331
low | high
Med:
3,090
92.046520352654% of Average
$ / sqft:
$1,548
low | high
Med:
$967
87.529020147623% of Average
On site:
243
low | high
Med:
119
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $6.187M - $10.312M
sqft: 3,500 - 6,500
Listing Updated: September 29, 2026 at 7:00:59 AM PDT