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Harry W Price III

harry.price@engelvoelkers.com +1(386) 302-9708

$ 8,250,000

Est. payment -/mo

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Active

540 S POLK DR Sarasota, FL 34236

6 Beds

7 Baths

5,331 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 5,331 sqft

Price per Sqft $1,547

Subdivision Lido Beach Div B

MLS Listing ID A4681449

Bedrooms 6

Full Baths 6

Half Baths 1

Construction Status Completed

HOA Y/N No

Year Built 2025

Annual Tax Amount $20,946

Lot Size 9,583 Sqft

Acres 0.22

Property Sub-Type Single Family Residence

Source Stellar MLS

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.

Location

State FL

County Sarasota

Community Lido Beach Div B

Area 34236 - Sarasota

Zoning RMF2

Rooms

Other Rooms Bonus Room, Den/Library/Office, Florida Room, Formal Dining Room Separate, Great Room, Inside Utility, Media Room

Interior

Interior Features 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

Heating Central, Heat Pump

Cooling Central Air

Flooring Tile

Furnishings Furnished

Fireplace false

Appliance Bar Fridge, Dishwasher, Dryer, Exhaust Fan, Gas Water Heater, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Tankless Water Heater, Washer

Laundry Laundry Room

Exterior

Exterior Feature Balcony, Lighting, Outdoor Grill, Outdoor Kitchen, Rain Gutters, Sliding Doors

Parking Features Driveway, Garage Door Opener, Oversized, Garage

Garage Spaces 4.0

Fence Fenced, Other

Pool Chlorine Free, Deck, Fiber Optic Lighting, Gunite, Heated, In Ground, Lighting, Salt Water

Utilities Available Electricity Connected

View Y/N Yes

Water Access Yes

Water Access Desc Beach,Gulf/Ocean

View City, Water, Gulf/Ocean - Partial

Roof Type Membrane

Porch Covered, Deck

Attached Garage true

Exposure Northeast

Garage true

Private Pool Yes

Building

Lot Description Flood Insurance Required, FloodZone, Landscaped, Paved

Story 3

Entry Level Three Or More

Foundation Slab

Lot Size Range 0 to less than 1/4

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Structure Type Concrete,Stucco,Wood Siding

New Construction false

Construction Status Completed

Others

Pets Allowed Yes

Senior Community No

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4681449

Listed by Kathleen Wingate PREMIER SOTHEBY'S INTERNATIONAL REALTY

NEARBY SCHOOLS & PROPERTIES

Harry W Price III

Broker Associate | License ID: BK3448457

+1(386) 302-9708

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