551 S WASHINGTON DRIVE
SARASOTA, FL, 34236
Price$9,495,000
Beds9
Baths9
SqFt5,493
Baths9
SqFt5,493
Status:Active
Property Type:Residential
School:
Property Type:Residential
School:
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.
| Price | $9,495,000 | |
| Bedrooms | 9 | |
| Full Baths | 9 | |
| Half Baths | 0 | |
| Total Baths | 9 | |
| Lot Size Area | 9884 | |
| Lot Size Area Units | Square Feet | |
| Acres | 0.23 | |
| Property Type | Residential | |
| Sub type | Single Family Residence | |
| MLS Sub type | Single Family Residence | |
| Features | Built-in Features, Ceiling Fan(s), Eating Space In Kitchen, Elevator, High Ceilings, Kitchen/Family Room Combo, L Dining, Living Room/Dining Room Combo, Open Floorplan, PrimaryBedroom Upstairs, Walk-In Closet(s) | |
| Exterior Features | Balcony, Irrigation System, Lighting, Rain Gutters, Sliding Doors | |
| Year Built | 2024 | |
| Subdivision | SAINT ARMANDS DIV JOHN RINGLING ESTATES | |
| Roof | Metal | |
| Heating | Central | |
| Foundation | Block | |
| Laundry Features | Inside, Laundry Room | |
| Pool features | Heated, In Ground, Lighting | |
| Garage spaces | 5 | |
| Directions | Tamiami N, Merge onto Gulfstream Ave, At St Armand, 2nd exit, Left on Washington Dr. | |
| County | Sarasota | |
| Latitude | 27.317089 | |
| Longitude | -82.578725 | |
| Market Area | 34236 – Sarasota | |
| Address | 551 S WASHINGTON DRIVE, SARASOTA, FL 34236 | |
| Postal Code | 34236 | |
| City | SARASOTA | |
| State | FL | |
| Country | United States | |
| Listing Office | COMPASS FLORIDA LLC | |
| Listing Office Phone | 941-279-3630 | |
| Listing Agent | Tina Ellis | |
| Listing Agent Phone | 512-550-1117 | |
| Special listing conditions | None | |
| Ownership | Fee Simple | |
| Virtual Tour URL | https://www.propertypanorama.com/instaview/stellar/A4668634 | |
| Days on market | 1 | |
| MLS Status | Active | |
| Listing Date | Oct 15, 2025 | |
| Listing Last Modified | Oct 16, 2025 | |
| Tax ID | 2014130022 | |
| Tax Year | 2024 | |
| Tax Annual Amount | 31311 | |
| MLS Area | 34236 – Sarasota | |
| MLS # | A4668634 | |
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