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$1,495,000 Sale Pending
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Property Description
Under contract-accepting backup offers. LIDO BEACH - Rare Opportunity! Owned by the same family for 36 years, this property is located on one of the most coveted streets on Lido Key-South Polk Drive-surrounded by multi-million-dollar homes. Just one block to the pristine sands of Lido Beach and one block to the world-class shopping and dining of St. Armands Circle, the location is unmatched. Positioned across from the open bay and canal-front residences, this property offers incredible potential. With a one-week rental minimum, it's an excellent investment opportunity. Plus, there are no HOA fees. Whether you choose to remodel or build the magnificent home of your dreams, the true value lies in the land. This is your chance to create your own piece of paradise on Lido Key.
Full Property Details
Full Property Details for 554 S Polk Dr
General
- Price: $1,495,000
- Taxes: $17,983 (2024)
- Status: Pending
- Type: Single Family
- Source: MidFloridaRegionalMLS
- MLS ID: A4673267
- Updated: 1/14/2026
- Added to Site: 29 day(s) ago
Rental Information
- Min. Lease: 1 Week
Interior
- Number of Rooms: 6
- Interior Features: Built-in Features, Ceiling Fan(s), Thermostat, Window Treatments
- Appliances: None
- Furnishings: Unfurnished
- Flooring: Luxury Vinyl, Porcelain Tile
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Electric Dryer Hookup, Washer Hookup
Additional Information
- Pool: Yes
- Private Pool: Yes
- Pool Description: Gunite, In Ground, Salt Water, Tile
- Spa: Yes
- Spa Description: In Ground
Exterior
- Exterior Features: Awning(s), Private Mailbox, Private Yard, Rain Gutters, Sidewalk, Sliding Doors, Storage
Location
- Area: 34236 - Sarasota
- County: Sarasota
- Development Name: 34236 - Sarasota
- Subdivision: LIDO BEACH DIV B RESUB
- Driving Directions: John Ringling Bridge to S. Washington turn left to Blvd of the Presidents turn left. House is on the corner of Blvd of the Presidents and S. Polk Drive.
- Direction Faces: North
School Information
- Elementary School: Southside Elementary
Community
- Community Name: 34236 - Sarasota
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: BB/HS Internet Available
Structural Information
- Exterior Const.: Block
- Roof: Tile
- Windows: Shutters
- Stories/Levels: One
- Square Feet: 1,422
- Sq. Ft. Source: Appraiser
- Year Built: 1950
Additional Structures
- Other Structures: Shed(s), Storage
Lot Features
- Property View: Pool
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 7,202
- Lot Size: 7202
- Street/Road Desc.: Concrete
Financial Considerations
- Tax Amount: $17,983
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: LOT 28 BLK 54 LIDO BEACH DIV B RESUB OF BLKS 51 THRU 55 & 58 PLAT 3 JOHN RINGLING ESTATES INC
- Flood Zone Info: AE
- APN: 2016060046
- Property ID: 2016060046
- Block/Lot/Section: 54
Listed by Fine Properties
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Schools
Schools serving 554 S Polk Dr
School District:Sarasota County School District
| Name | Grades | Distance |
|---|---|---|
Southside Elementary School, Sarasota, FL 1901 Webber Street, Sarasota, FL 34239 | PK-5 | 2.6 mi |
Booker Middle School 2250 Myrtle Street, Sarasota, FL 34234 | 6-8 | 4.8 mi |
Booker High School 3201 North Orange Avenue, Sarasota, FL 34234 | 9-12 | 4.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 554 S Polk Dr
Date
Details
Price
Change
Source
12/19/2025
Listed
$1,495,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 554 S Polk Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$16,255
-10%
$1,308,700
-19%
2024
$17,983
1%
$1,611,200
-4%
2023
$17,774
30%
$1,677,400
51%
2022
$13,714
19%
$1,110,600
41%
2021
$11,497
—
$787,900
27%
2021
$11,497
15%
$622,600
1%
2019
$9,974
6%
$616,100
8%
2018
$9,410
7%
$570,394
3%
2017
$8,771
11%
$552,000
17%
2016
$7,925
6%
$471,400
8%
2015
$7,505
2%
$435,900
3%
2014
$7,355
4%
$423,700
6%
2013
$7,050
—
$400,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 554 S Polk Dr
554 S Polk Drive, Sarasota, FL 34236 (MLS# A4673267) is a Single Family property with 3 bedrooms and 2 full bathrooms. 554 S Polk Drive is currently listed for $1,495,000 and was received on December 19, 2025. Want to learn more about 554 S Polk Drive? Do you have questions about finding other Single Family real estate for sale in Sarasota? You can browse all Sarasota real estate or contact a Coldwell Banker agent to request more information.

