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540 S Polk Dr, Sarasota, FL, 34236

6beds
7baths
5,331sqft
$8,250,000
$1,548price/sqft
$58,110/moest. monthly cost
$2,324,400/yrincome needed

About This Home

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.

Getting Around

63
WalkingSomewhat Walkable
0
TransitNo Nearby Transit
71
BikeVery Bikeable

Schools

10/10
5/10
Booker Middle SchoolGrades 6-84.9 mi
3/10
Booker High SchoolGrades 9-124.1 mi

Construction

Condition

  • Property condition: Completed
  • Year built: 2025

Materials

  • Foundation: Slab
  • Roof: Membrane
  • Construction materials: Concrete,Stucco,Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Contemporary
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Bar Fridge,Dishwasher,Dryer,Exhaust Fan,Gas Water Heater,Ice Maker,Microwave,Range,Range Hood,Refrigerator,Tankless Water Heater,Washer
  • Laundry features: Laundry Room

Balcony Porch Lanai

  • Level: Third
  • Area: 238
  • Dimensions: 17x14

Bedroom1

  • Features: En Suite Bathroom,Built-in Closet
  • Level: Second
  • Area: 168
  • Dimensions: 14x12

Bedroom2

  • Features: En Suite Bathroom,Built-in Closet
  • Level: Second
  • Area: 182
  • Dimensions: 14x13

Bedroom3

  • Features: En Suite Bathroom,Built-in Closet
  • Level: Second
  • Area: 168
  • Dimensions: 14x12

Bedroom4

  • Features: En Suite Bathroom,Built-in Closet
  • Level: Second
  • Area: 208
  • Dimensions: 13x16

Bedroom5

  • Features: En Suite Bathroom,Built-in Closet
  • Level: Third
  • Area: 156
  • Dimensions: 12x13

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 7
  • Full bathrooms: 6
  • 1/2 bathrooms: 1

Den

  • Features: Built-In Shelving
  • Level: Third
  • Area: 160
  • Dimensions: 16x10

Dining Room

  • Features: Wet Bar
  • Level: Third
  • Area: 480
  • Dimensions: 32x15

Family Room

  • Features: Wet Bar
  • Level: Second
  • Area: 608
  • Dimensions: 38x16

Features

  • Built-in Features,Ceiling Fan(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
  • Door features: Outdoor Grill,Outdoor Kitchen,Sliding Doors
  • Window features: Window Treatments
  • Flooring: Porcelain Tile

Great Room

  • Level: Third
  • Area: 340
  • Dimensions: 17x20

Heating & Cooling

  • Heating features: Central,Heat Pump
  • Cooling features: Central Air

Interior Area

  • Total structure area: 9,258
  • Total interior livable area: 5,331 sqft

Kitchen

  • Features: Bar,Pantry
  • Level: Third
  • Area: 240
  • Dimensions: 16x15

Primary Bedroom

  • Features: Dual Sinks,En Suite Bathroom,Multiple Shower Heads,Rain Shower Head,Shower No Tub,Built-in Closet
  • Level: Second

Property

Details

  • Parcel number: 2016060047
  • Zoning: RMF2
  • Special condition: None

Features

  • Levels: Three Or More
  • Stories: 3
  • Private pool: Yes
  • Pool features: Chlorine Free,Deck,Fiber Optic Lighting,Gunite,Heated,In Ground,Lighting,Salt Water
  • Patio & porch: Covered,Deck
  • Exterior features: Balcony,Irrigation System,Lighting,Outdoor Grill,Outdoor Kitchen,Rain Gutters
  • Has spa: Yes
  • Spa features: Heated
  • Fencing: Fenced,Other
  • Has view: Yes
  • View description: City,Water,Gulf/Ocean - Partial
  • Has water view: Yes
  • Water view: Water,Gulf/Ocean - Partial
  • Waterfront features: Beach Access,Gulf/Ocean Access
  • Residential vegetation: Trees/Landscaped

Lot

  • Lot size: 9,444 sqft
  • Features: Flood Insurance Required,FloodZone,Landscaped

Parking

  • Total spaces: 4
  • Parking features: Driveway,Garage Door Opener,Oversized,Split Garage
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Coastal Flooding
    Coastal FloodingVery High
  • Hurricane
    HurricaneVery High
  • Lightning
    LightningRelatively High
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Hurricane
Lightning
Tornado
Tsunami

FEMA Declared Disasters in Sarasota County and Florida

Coastal Storm
Flood
Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Depression
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $41,716$500,592
Home Insurance *$5,647$67,764
Property Taxes $10,211$122,532
Electricity $536$6,437
Total$58,110$697,320
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,992,342/yr
40% on housing$1,743,300/yr
45% on housing$1,549,600/yr

Florida FAIR Plan Programs

Citizens Property Insurance Corporation [Florida]

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,321,953Commercial: 13,564
Total Premiums$4.60B
Total Exposure$385.82B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 15.0%
15.0%
0%30.0%
Electricity Growth Rate10-year average: 2.2%
2.2%
0%15.0%
Property Taxes Growth Rate2-year average: 6.6%
6.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,548This listing

vs Other Active Listings

Avg $/sqft

ZIP 34236$1,043
Sarasota County$345

vs Homes Sold Last Month

Median $/sqft

ZIP 34236$896
Sarasota County$245

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-02-07Listed for sale$8,650,000
2025-10-29Listing removed$8,650,000
2025-08-11Price change$8,650,000
2025-07-07Price change$8,900,000
2025-06-19Price change$10,900,000
2025-06-03Price change$11,800,000
2025-05-19Price change$12,300,000
2025-04-21Listed for sale$9,800,000
2023-10-31Sold$700,000
2022-07-11Sold$2,125,000
2022-06-07Pending sale$2,100,000
2022-06-05Listed for sale$2,100,000

For Sale by Agent

AgentKathleen Wingate
BrokeragePREMIER SOTHEBY'S INTERNATIONAL REALTY

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