$8.6M Modern St. Armands Compound with Rooftop Deck Lists Near Lido Beach

SARASOTA, Fla. (April 15, 2026) — A contemporary luxury residence at 540 S. Polk Drive in Sarasota has entered the market for $8.6 million, offering more than 5,300 square feet of interior living space and expansive outdoor entertaining areas including a waterfall pool, 12-person spa and rooftop deck. It is exclusively marketed by Kathleen Wingate of Premier Sotheby’s International Realty’s Longboat Key office. The property is owned by a developer behind Saravela, a new residential development in Sarasota. View the listing here. The fully furnished home spans 5,331 square feet of interior living space with six bedrooms and multiple indoor and outdoor gathering areas, creating a private retreat in one of Sarasota’s most desirable beachside neighborhoods. Floor-to-ceiling glass doors connect the home’s living spaces to more than 3,300 square feet of outdoor terraces and balconies. A rooftop deck finished in Ipe wood provides panoramic views of the Gulf of Mexico, Sarasota Bay and the downtown skyline. The chef’s kitchen anchors the home with a waterfall island, Sub-Zero refrigeration, a Wolf eight-burner gas range, dual dishwashers and a walk-in pantry. Additional living spaces include a formal great room, a first-floor entertainment lounge with a 96-inch television and wet bar, and multiple areas designed for hosting and gathering. The primary suite offers oversized walk-in closets and a spa-inspired bath highlighted by a dramatic backlit marble wall and designer fixtures. Secondary bedrooms each feature custom en-suite baths, while a bunk room with twin-over-queen beds provides additional accommodations for larger groups. Outdoor living centers around a heated saltwater pool with waterfall feature, a 12-person spa, summer kitchen and multiple covered lounge areas. A private putting green and numerous balconies create additional spaces to enjoy the coastal setting. Situated minutes from downtown Sarasota and within walking distance of the beach and St. Armands Circle, the residence offers exceptional access to the region’s dining, shopping and cultural amenities. The property is also zoned to allow weekly rentals, offering flexibility for owners seeking occasional income potential. QUOTES: “St. Armands remains one of Sarasota’s most tightly held coastal neighborhoods, where opportunities for newer construction are increasingly limited.” “Homes designed for entertaining with modern architecture and strong indoor-outdoor living continue to resonate with buyers seeking newer properties in this market.” - Kathleen Wingate, global real estate advisors with Premier Sotheby’s International Realty, Longboat Key office About Premier Sotheby’s International Realty Headquartered in Naples, Florida, Premier Sotheby’s International Realty has over 1,200 real estate professionals in 40 locations throughout Florida and North Carolina. Premier Sotheby’s International Realty also benefits from an association with the storied Sotheby's auction house, established in 1744. The brokerage was founded by The Lutgert Companies, a prominent member of Southwest Florida’s business community since 1964, and is proudly associated with Peerage Realty Partners. For more information, visit premiersothebysrealty.com.