551 S WASHINGTON DRIVE, SARASOTA, FL, 34236

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$9,495,000
New Listing

551 S WASHINGTON DRIVE
SARASOTA, FL 34236

For Sale|Single Family Residence|Active
9
Beds
9
Total Baths
9
Full Baths
5,493
SqFt
$1,729
/SqFt
2024
Built
Subdivision:
SAINT ARMANDS DIV JOHN RINGLING ESTATES
County:
Sarasota

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551 S WASHINGTON DRIVE551 S WASHINGTON DRIVE551 S WASHINGTON DRIVE551 S WASHINGTON DRIVE
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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, providing 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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Listing Snapshot
Price 
$9,495,000
Days On Site 
0 Days
Bedrooms 
9
Inside Area (SqFt) 
5,493 sqft
Total Baths 
9
Full Baths 
9
Partial Baths 
N/A
Lot Size 
0.23 Acres
Year Built 
2024
MLS® Number 
A4668634
Status 
Active
Property Tax 
$31,311.51
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
2 hours agoListing updated with changes from the MLS®
17 hours agoListing first seen on site
General Features
Acres 
0.23
Attached Garage 
Yes
Direction Faces 
East
Foundation 
Block
Garage 
Yes
Garage Spaces 
5
Levels 
Three Or More
Parking 
Attached
Property Condition 
New Construction
Property Sub Type 
Single Family Residence
Sewer 
Public Sewer
SqFt Total 
6400
Water Source 
Public
Zoning 
RSF2
Interior Features
Appliances 
DishwasherDisposalDryerElectric Water HeaterFreezerIce MakerMicrowaveRange HoodRefrigeratorWasher
Cooling 
Central Air
Flooring 
Hardwood
Heating 
Central
Interior 
Built-in FeaturesEat-in KitchenElevatorHigh CeilingsOpen FloorplanWalk-In Closet(s)
Laundry Features 
InsideLaundry Room
Dining Room 
Level - Second
Kitchen 
Level - Second
Living Room 
Level - Second
Master Bathroom 
Level - Third
Master Bedroom 
Level - Third
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Exterior Features
Construction Details 
Block
Exterior 
BalconyLightingRain Gutters
Lot Features 
Waterfront
Pool Features 
HeatedIn GroundPrivate
Private Pool 
Yes
Roof 
Metal
Waterfront 
Yes
Waterfront Features 
Canal Front
Community Features
MLS Area 
34236 - Sarasota
Roads 
Concrete
Township 
36S
Listing courtesy of COMPASS FLORIDA LLC 5125501117



Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2025, Stellar MLS.
Last checked: 2025-10-16 09:48 AM EDT

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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