Janet Bowlin
$8,250,000$8,650,0006 bd6.5 ba5,331 sqft$1,548 /sqft$49,516 /mo all-in ↓

540 S POLK DRIVE, SARASOTA, FL, 34236

Active182 days on marketListed Feb 7, 2026MLS #A4681449

Reduced $400KNew constructionPrivate poolFully furnishedSingle Family ResidenceLIDO BEACH DIV B

About this home

540 S POLK DRIVE

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 & features

The home at a glance

6

Bedrooms

6.5

Bathrooms

5,331

Sqft

0.22 ac

Lot size

4

Garage

2025

Year built

Three Or More

Levels

$1,548

Per sqft

Private poolCity & Water viewFurnishedPets allowed

Inside

FlooringPorcelain Tile
AppliancesBar Fridge · Dishwasher · Dryer · Exhaust Fan · Gas Water Heater · Ice Maker · Microwave · Range · Range Hood · Refrigerator · Tankless Water Heater · Washer
InteriorBuilt-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 · Window Treatments
LaundryLaundry Room
CoolingCentral Air
HeatingCentral · Heat Pump
FurnishedFurnished

Outside & construction

RoofMembrane
ConstructionConcrete · Stucco · Wood Siding
FoundationSlab
ViewCity · Water
FacesNortheast
ParkingDriveway · Garage Door Opener · Oversized · Split Garage
ExteriorBalcony · Irrigation System · Lighting · Outdoor Grill · Outdoor Kitchen · Rain Gutters · Sliding Doors

Community & fees

Taxes (2025)$20,946/yr
PetsYes

Utilities & systems

UtilitiesElectricity Connected
WaterPublic

The numbers

What it really costs

Built from this home's actual numbers — the most recent property-tax bill on record — not generic estimates.

$49,516 /mo · 10% down Conventional, 30-yr fixed at 6%

Principal & interest$44,517
PMI (est., until 20% equity)$3,094
Property tax — 2025 actual bill$1,746
Insurance (FL estimate)$160

The assumptions

Loan typeConventionalDown payment10% · $825,000Loan30-yr fixed at 6%Mortgage insuranceIncludedTaxesActual bill on recordInsuranceFlorida estimate

Above the FHA loan limit for our service areas, so Conventional is the default. VA buyers: switch below — $0 down.

These numbers assume a generic buyer — your credit, down payment and loan program change them. Get the real quote in minutes:

Andrew Acosta

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Run your own numbers

Loan type

FHA isn’t available at this price — the loan would exceed the $541,287 FHA limit for our service areas.

Down payment10% · $825,000
Interest rate6.00%
Loan term

Estimated payment

$49,516/mo

Principal & interest$44,517
PMI (est., until 20% equity)$3,094
Property taxes (actual bill)$1,746
Est. insurance$160

Includes estimated PMI — it drops off once you reach 20% equity. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.

Value check

Is the price right?

The internet’s favorite home-value number comes from a single automated model that has never seen the street, the finishes, or the view — which is why it routinely misses by tens of thousands of dollars. The edgeAI estimate combines multiple independent data sources with our team’s on-the-ground expertise in this exact market.

$/sqft vs Sarasota actives

$1,548 vs $344

Days on market

182 vs 62 typical

Where $1,548/sqft sits among the 400 Sarasota actives

227
54
39
35
18
27 · this home
$158–390$390–621$621–853$853–1084$1084–1316$1316+

The edgeAI estimate is a starting point, not an appraisal or a broker price opinion. It is generated from public records, listing data and market modeling, and is subject to change once a licensed real estate professional personally inspects the property. Condition, floor, view and lot are not fully captured by any model — ask us for a full comparative market analysis.

Where it sits

Inside Lido Key

Map of 540 S POLK DRIVE inside its neighborhood boundary

Drive times from this address

Downtown Tampa71 min

Estimated driving times, typical traffic. Data © OpenStreetMap contributors.

Get to know Sarasota. See the full Sarasota guide →

Lido Key — neighborhood snapshot

Population

1,257

Median age

68

Median income

$250,001

Median home value

$1,127,100

Avg household

2

Households w/ children

18%

For the school run

Sarasota County School District

ElementarySouthside Elementary School★★★★★
HighBooker High School★★★★★
MiddleBooker Middle School★★★★

School assignments and ratings via edgeAI — always verify with the district.

The numbers that matter

The Sarasota market

Seller’s marketLeans seller4.5 months of inventoryBuyer’s market

$475K$493K

Sarasota median sold, yr/yr

95.2%

Sale-to-list ratio (12 mo)

159 of 400

Sarasota actives have cut their price

Median sold price, Sarasota, trailing 36 months (3-month rolling) · live MLS data.

This home is listed 906% above the SARASOTA 34236 median. See the full Sarasota market guide →

Paper trail

This home's history

CurrentPrice reduced to $8,250,000 $400K
Feb 7, 2026Listed at $8,650,000 · 182 days on market since
2025Built · LIDO BEACH DIV B

Reality check

What actually sold near 540 S POLK DRIVE

Asking prices are opinions — closed sales are facts. The most comparable homes that actually changed hands nearby in the last twelve months.

455 CLEVELAND DRIVESold · Oct ’25

$5,150,000

455 CLEVELAND DRIVE · same community

6 bd · 7 ba · 4,702 sqft · $1,095/sqft · 75 DOM

259 S POLK DRIVESold · Aug ’25

$3,700,000

259 S POLK DRIVE · same community

4 bd · 4.5 ba · 4,124 sqft · $897/sqft · 5 DOM

369 S POLK DRIVESold · Mar ’26

$3,650,000

369 S POLK DRIVE · same community

4 bd · 4 ba · 2,179 sqft · $1,675/sqft · 13 DOM

Closed-sale data from the MLS, last 12 months, selected for similarity in size and location. No two homes are identical — ask us for a full comparative analysis.

Your home team

The pros in your corner

Buying a home is two conversations — the home and the money. Here’s who handles each, side by side, already working together.

Janet Bowlin

Your agent

Janet Bowlin

Realtor® · CENTURY 21 Edge

Tours, negotiation, and every question about 540 S POLK DRIVE — start here.

Andrew Acosta

Your lender

Andrew Acosta

Acosta Home Loans with PRMG · NMLS #1468866

Pre-approval, rates, and the real monthly number for 540 S POLK DRIVE — before you fall in love.

See it in person

Schedule a tour

Pick a day that works — this goes straight to Janet's phone and CRM.

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Goes straight to Janet’s phone and CRM.

Straight answers

540 S POLK DRIVE FAQs

What would the monthly payment be for 540 S POLK DRIVE?+

With 10% down on a 30-year Conventional loan at 6%, the all-in payment lands around $49,516/mo — principal and interest, the actual property-tax bill and typical Florida insurance. The payment calculator on this page lets you switch loan type (FHA, Conventional, VA) and adjust the down payment, rate and term.

What are the property taxes on 540 S POLK DRIVE?+

The most recent tax bill on record (2025) was $20,946. A new owner's bill can differ once the sale price resets the assessed value — we can walk you through what to expect.

Are pets allowed at 540 S POLK DRIVE?+

The listing reports pets: Yes. Communities often layer on breed or weight rules — we'll verify the specifics with the association before you commit.

How does the price compare to other homes in Sarasota?+

At $8,250,000, this home is listed about 1360% above the Sarasota median of $565,000. The market section on this page shows how the area is trending.

Which schools are assigned to 540 S POLK DRIVE?+

Southside Elementary School (elementary), Booker High School (high), Booker Middle School (middle) — Sarasota County School District. Always verify school assignments with the district before relying on them.

The brief

Five things that matter here

01Positioned at the premium end

$8,250,000 runs 906% above the SARASOTA 34236 median — but at 5,331 sqft it's also nearly 3 times the size of the typical Sarasota listing.

02Your own pool

A private pool — the feature Florida buyers ask for first, already in the ground and included in the price.

03Time on market is leverage

182 days on market against a Sarasota median of 62 — sellers in this position are usually ready to negotiate.

04Strong assigned schools

Southside Elementary School, Booker High School, Booker Middle School — Southside Elementary School rates 5 of 5. Always verify assignments with the district.

05The price has already moved

Listed at $8,650,000, now $8,250,000 — a $400K cut. The full history is in the market section below.

Listing courtesy of PREMIER SOTHEBY'S INTERNATIONAL REALTY · Kathleen Wingate. MLS #A4681449.

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Stellar MLS.

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