540 POLK DRIVE

Property Details

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.

Facts & Costs

Property type

Single Family Residence

Year built

2025

Lot size

9,444 sq ft

Stories

3

Garage

4 spaces

Half baths

1

Price per sq ft

$1,548

Days on market

235

Private pool

Yes

Waterfront

No

Community

Lido Beach

Subdivision

LIDO BEACH DIV B

County

Sarasota

Flood zone

AE

Monthly & yearly costs

Property taxes

$20,946 / year (2025)

As reported by the listing agent. Verify with the HOA and county.

Construction & systems

Heating

Central, Heat Pump

Cooling

Central Air

Flooring

Tile

Roof

Membrane

Construction

Concrete, Stucco, Wood Siding

Parking

Driveway, Garage Door Opener, Oversized, Garage

View

City, Water, Gulf/Ocean - Partial

Payment Estimate

$43,462 / month

Principal & interest

$41,716

Property taxes

$1,746

HOA

$0

Home insurance

enter below

Estimate only, not a loan offer. Rate is a starting value; taxes and HOA are as reported by the listing agent. Florida insurance (including flood) varies widely. Ask George for a lender referral.

Location

Features & Amenities

• Bar Fridge
• Dishwasher
• Dryer
• Exhaust Fan
• Gas Water Heater
• Ice Maker
• Microwave
• Range
• Range Hood
• Refrigerator
• Tankless Water Heater
• Washer
• 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
• Chlorine Free
• Deck
• Fiber Optic Lighting
• Gunite
• Heated
• In Ground
• Salt Water