1 day on Rocket
#A4652926, ALLEN Smith, IV, Listing Office: RE/MAX ALLIANCE GROUP
$12,300,000 List price
540 S Polk Dr Sarasota, FL 34236
6 beds
6 full, 1 partial
4,892 sqft
0.5 acres
$2,514 / sqft
House
Property details
About 540 S Polk Dr
3 Lots are part of this listing for over 1/2 acre on Lido Key! Additional lots adjecent to and behind new home is perfect for a larger private yard and garden or to build guest houses. One of the lots is already cleared.The second lot is expected to be razed and cleared with the next 30 days.Welcome to Lido Luxe Estate, Sarasota’s Hidden Gem in Lido Key! This beautifully appointed 6-bedroom, 6.5 bathroom home offers the perfect retreat for families, groups and friends seeking a luxurious beach escape. Ideally situated just a short walk from the pristine Gulf beaches and the upscale shops and restaurants of St. Armands Circle, Lido Luxe Estate provides the ideal blend of elegance and privacy. One of the premiere island houses, Lido Luxe Estate boasts of high-end finishes in both indoor and outdoor areas. The gourmet kitchen includes a large island, coffee bar and top of the line appliances including Sub-Zero and Wolf. The large dining area offers an elegant setting for a memorable group dining experience. A built-in grill, off the kitchen in a covered balcony, completes the extraordinary culinary experience. This luxurious home includes a primary suite with a beautiful en-suite bathroom feature in a romantic backlit marble wall and a walk-in shower. There are 4 additional bedrooms with en-suite bathrooms, ensuring comfort and privacy for every guest, while the sixth bedroom features twin over queen built-in bunk beds with an en-suite bathroom ideal for the younger guests. Outdoor living is at its best at Lido Luxe Estate. The expansive backyard features a stunning heated pool and a 12-person spa with a rain curtain and customizable lighting that creates a magical evening experience. Other outdoor features include: a private putting green, ample space for such things as a pool table, ping pong, TV’s, sofas, etc., makes for an fun and relaxing atmosphere. Completing the outdoor living experience is a dining table, a bar and outdoor beverage and snack refrigerators. Sun worshipers and sunset gazers will delight in the rooftop deck providing space to take in a sunrise, sunset or just appreciate the views of the gulf and inter coastal waters, as well as the Sarasota city lights. Whether this is a second home or vacation rental the possibilities that Lido Luxe Estate offer are endless. Do not hesitate, schedule your showing today.
Highlights
Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCentral Air
Size4,892 sqft
Lot size0.53 Acres
Year builtNew Const., 2025
MLS #A4649684
Attached garage4 spaces
Private poolYes
Virtual tour
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 6
- Appliances: Bar Fridge, Convection Oven, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer, Wine Cooler
- Flooring Type: Ceramic Tile
- Interior: Crown Molding, Eat-in Kitchen, Elevator, Open Floorplan, Solid Surface Counters
- Total Bedroom Count: 6
- Garage Space: 4 spaces
- Attached Garage: Yes
- Private Pool: Yes
- Exterior: Balcony, Lighting, Outdoor Grill, Outdoor Kitchen
- Heating: Central
- Cooling: Central Air
- List Price: $12,300,000
- Price/SqFt: $2,514
- HOA Amount: $0
- Annual Tax Amount: $28,924
- Tax Year: 2023
- Directions: TAKE JOHN RINGLING BLVD, TURN LEFT ONTO S. WASHINGTON DRIVE, THEN TURN LEFT ONTO SOUTH BLVD. OF THE PRESIDENTS, TURN RIGHT ONTO S. POLK DRIVE. THIS BEAUTIFUL HOME IS THE 2ND HOME ON THE LEFT.
- Year Built: 2025
- Living Area: 4,892 SqFt
- Lot Size: 0.53 Acres
- MLS Number: A4649684
- MLS Name: MFRMLS
- Office Name: STARZ REAL ESTATE, LLC
- Office Phone: (941) 737-7108
- Listing Agent: Robert Louloudes
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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. Properties displayed may be listed or sold by various participants in the MLS.
Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/2/2025, 11:49:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$12,300,000
540 S Polk Dr
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 31, 2023 | Home Sold | $700,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $1,942,500 | $28,924 |
| 2022 | $232,369 | $3,143 |
| 2021 | $225,601 | $3,143 |
| 2020 | $222,486 | $3,154 |
| 2019 | $217,484 | $3,092 |
| 2018 | $213,429 | $3,035 |
| 2017 | $209,039 | $2,995 |
History based on county public records data.
Nearby schools
10
Southside Elementary School
Public District PK-5
2.7 mi
•1901 Webber St
8
Phillippi Shores Elementary School
Public Magnet PK-5
3.5 mi
•4747 S Tamiami Trl
5
Alta Vista Elementary School
Public District PK-5
3.5 mi
•1050 S Euclid Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $117,763. The most common annual income of people living in Sarasota, FL is $200k+. Most families are married, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
0%
<35k
43%
35k-100k
12%
100k-200k
45%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
45%
Single, No Kids
3%
Single, with Kids
48%
Married, No Kids
4%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
2%
<11 yrs old
2%
12-17 yrs old
4%
18-34 yrs old
43%
35-64 yrs old
49%
65+ yrs old
What do the neighbors do for fun?
PGA/LPGA
Hiking/backpacking
Men's Tennis
Where do the neighbors shop?
Chico's
Nordstrom Rack
Bloomingdales
Where do the neighbors go to eat?
Bonefish Grill
Chipotle
Chick-fil-A
What do the neighbors drive?
Cadillac
Mazda
Lexus
What do the neighbors listen to?
Classical
Rock
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 540 S Polk Dr
The listing price of 540 S Polk Dr property is $12,300,000.
The property 540 S Polk Dr is a house located in Sarasota, Florida, 34236.
Active Listing: 540 S Polk Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 540 S Polk Dr are: Southside Elementary School (GreatSchools Rating 10/10), Phillippi Shores Elementary School (GreatSchools Rating 8/10), Alta Vista Elementary School (GreatSchools Rating 5/10), Sarasota School of Arts/Sciences (GreatSchools Rating 8/10), Brookside Middle School (GreatSchools Rating 6/10), Suncoast School for Innovative Studies (GreatSchools Rating 5/10), Sarasota Military Academy (GreatSchools Rating 5/10), Sarasota High School (GreatSchools Rating 4/10), Sarasota Virtual Instruction Program (GreatSchools Rating 6/10).
According to the records, the last property tax for 2023 is $28,924 (source: MLS/based on county public records data).
The last sale was on October 31, 2023 for $700,000 (source: MLS/tax record).
The property at 540 S Polk Dr has 6 bedrooms and 6 full and 1 half bathrooms.
The property 540 S Polk Dr is 4,892 SqFt (source: MLS/tax record).
The year of construction for 540 S Polk Dr is 2025.
This home is located at 540 S Polk Dr in Sarasota, FL and zip code 34236 in the Lido Key neighborhood. This 4,892 square foot home, which was built in 2025, sits on a 0.53 acre lot. Features: 6 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since April 21, 2025 and is currently priced at $12,300,000.
While more than 28 listings in Sarasota, FL in May 2025 were sold above asking price, there were more than 69 listings sold at asking price, and more than 365 were sold below. Between April and May 2025, Sarasota, FL real estate market has seen decrease in the number of listings by 1%. The median list price of listings available in May 2025 was $496,832, while the average time on the real estate market was 62 days.
From Rocket Homes Real Estate and based on county public records data.