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551 S Washington Drive

SARASOTA, FL 34236
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Bed 9

Bed

Bath 9

Bath

SqFt5,493

Sqft

Acres0.23

Acre(Lot)

Welcome to Lido Dreams, an exquisite 5,500 square foot luxury retreat nestled in the vibrant heart of St. Armands Circle on Lido Key. This brand-new masterpiece boasts 9 spacious bedrooms and 9 luxurious bathrooms, making it the ideal sanctuary for families or groups seeking both comfort and style. With a private pool, relaxing hot tub, and expansive outdoor living areas, Lido Dreams harmoniously blends modern elegance with the laid-back charm of coastal living. As you step inside, you’ll be greeted by a grand private foyer that sets the tone for the sophistication that awaits. An elevator and stylish stairway provide seamless access to the main living spaces, ensuring that your experience is as convenient as it is enjoyable. The oversized garage accommodates up to five vehicles, provid ing ample space for parking and storage, perfect for those who love to explore the surrounding area. On the second floor, you’ll find the heart of the home, designed for gatherings and celebrations. The spacious living room invites you to unwind, while the bright dining area and chef’s kitchen create a welcoming hub for shared meals and memorable moments. With five beautifully appointed bedrooms on this level, each featuring its own ensuite bathroom, your guests will enjoy the perfect balance of privacy and comfort. A well-equipped butler's pantry and one of two laundry rooms enhance the functionality of this floor, making it as practical as it is luxurious. Venture to the third floor, where the expansive primary suite offers a private sanctuary. Complete with its own living area, an extra-large bedroom, dual bathroom vanities, and a grand walk-in closet, this suite is designed for relaxation and rejuvenation. Picture yourself enjoying breathtaking views of playful manatees and dolphins from the comfort of your extraordinary owner's suite. Additional bedrooms, each with ensuite baths, ensure that every guest feels at home, with a second laundry room conveniently located on this level for added ease. Ascending to the rooftop, you will discover an open-air living space that redefines outdoor entertaining. This large rooftop deck invites you to savor morning coffee under the sun, enjoy sunset cocktails with friends, or indulge in stargazing on a clear night. It’s the ultimate backdrop for unforgettable moments, whether you're hosting a gathering or simply soaking in the serene surroundings. From sunlit gathering spaces to tranquil private retreats, Lido Dreams strikes the perfect balance between togetherness and solitude. Set in an unbeatable location just steps away from shopping, dining, and the pristine beach, this property embodies the essence of luxury living on Lido Key. Currently operating as a successful short-term rental with impressive bookings, Lido Dreams offers not just a home but an opportunity for a thriving investment. Financials are available upon request, making this an enticing prospect for discerning buyers. Don’t miss your chance to own this exceptional piece of paradise! *not pictured: boat dock & deck and outdoor kitchen & shower to be included in asking price.

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Detail Ic Property Details

Property Type : Residential

Price : $9,495,000

AD Id : 67748303

MLS Id : MFRA4668634

Beds : 9

Lot Size : 0.23 Acre

Living Area Size : 5,493

Year Built : 2024

Garage : 5

County : Sarasota

Subdivision: Saint Armands Div John Ringling Estates

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Feature Features

  • Bedroom Information

    Total Bedroom: 9

    Bathroom Information

    Total Baths: 9 Full Baths: 9

    Interior Features

    Built-in Features, Ceiling Fans(s), Eat-in Kitchen, Elevator, High Ceilings, Kitchen/Family Room Combo, L Dining, Living Room/Dining Room Combo, Open Floorplan, PrimaryBedroom Upstairs, Walk-In Closet(s) Roof: Metal Appliances: Built-In Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Ice Maker, Microwave, Range Hood, Refrigerator, Washer Laundry Features: Inside, Laundry Room

    Roofing Information

    Metal
  • Flooring Information

    Flooring: Hardwood Construction Materials: Block
  • Heating & Cooling

    Heating: Central Cooling: Central Air Water front: 1 WaterSource: Public

  • Building Information

    Year Built: 2024
  • Exterior Features

    Balcony, Lighting, Rain Gutters, Sliding Doors Construction Materials: Block Foundation Details: Block
  • Pool Features

    Private Pool: 1 Heated, In Ground, Lighting

  • Lot Information

    Lot Square Feet: 9884 Lot Acres: 0.23 Lot Size (SqMt): 918

    Property Information

    Property Type: Residential Sub Type: Single Family Residence

  • Listing Price Information

    Original List Price:$9495000

  • Tax Information

    Tax Block: 10 Tax Book Number: 2-30 Tax Lot: 27 Tax Legal Description: LOT 27 & SELY 5 FT OF LOT 28 BLK 10 ST ARMANDS DIV Annual Tax: $31311.51 Tax Year: 2024 Parcel Number: 2014130022

  • Utility Information

    Public Sewer: Public Sewer Water Source: Public
  • Location Information

    Subdivision: SAINT ARMANDS DIV JOHN RINGLING ESTATES City: SARASOTA Direction: Tamiami N, Merge onto Gulfstream Ave, At St Armand, 2nd exit, Left on Washington Dr.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1931 High Point Circle, Sarasota, FL, 34236 $1,495,000 3 2 1,712 1,712 SqFt
1905 Alta Vista Street, Sarasota, FL, 34236 $3,975,000 4 4 3,813 3,813 SqFt
654 Lafayette Court, Sarasota, FL, 34236 $2,795,000 5 7 3,748 3,748 SqFt
1950 Adams Lane, Sarasota, FL, 34236 $995,000 1 1 1,112 1,112 SqFt
1838 Alta Vista Street, Sarasota, FL, 34236 $3,495,000 5 6 4,452 4,452 SqFt
1846 Lincoln Drive, Sarasota, FL, 34236 $2,095,000 3 4 2,618 2,618 SqFt
1903 Oak Street, Sarasota, FL, 34236 $720,000 3 3 1,626 1,626 SqFt
1821 Lincoln Drive, Sarasota, FL, 34236 $5,425,000 4 5 3,906 3,906 SqFt
1798 Lincoln Park Circle, Sarasota, FL, 34236 $2,700,000 4 3 3,783 3,783 SqFt
1862 6th Street, Sarasota, FL, 34236 $749,000 3 3 1,419 1,419 SqFt
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ByOwner last updated this listing 06/11/2026 @ 18:20

MLS: MFRMLS #A4668634 LISTED BY: Tina Ellis, COMPASS FLORIDA LLC 941-279-3630 SOURCE: MFRMLS (My Florida Regional MLS DBA Stellar MLS) (Listings courtesy of MFRMLS (My Florida Regional MLS DBA Stellar MLS) as distributed by MLS GRID)

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