551 S Washington Drive, Sarasota, FL 34236
Local realty services provided by:CENTURY 21 Selling Paradise
Listed by: tina ellis
Office: compass florida llc.
MLS#:A4668634
Source:MFRMLS
Price summary
- Price:$9,495,000
- Price per sq. ft.:$1,483.59
About this home
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....
Contact an agent
Home facts
- Year built:2024
- Listing ID #:A4668634
- Added:152 day(s) ago
- Updated:March 17, 2026 at 12:59 PM
Rooms and interior
- Bedrooms:9
- Total bathrooms:9
- Full bathrooms:9
- Flooring:Hardwood
- Dining Description:Eat In Kitchen, L Shaped, Living Room/Dining Room Combo
- Kitchen Description:Built-In Oven, Dishwasher, Disposal, Eat-in Kitchen, Freezer, Ice Maker, Kitchen/Family Room Combo, Microwave, Range Hood, Refrigerator
- Bedroom Description:High Ceilings, Primary Bedroom Upstairs, Walk-In Closet(s)
- Basement Description:Block
- Living area:5,493 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Metal
- Year built:2024
- Building area:5,493 sq. ft.
- Lot area:0.23 Acres
- Construction Materials:Block
- Exterior Features:Balcony, Lighting, Rain Gutters
- Foundation Description:Block
- Levels:Three Or More Story
Utilities
- Water:Public
- Sewer:Public, Public Sewer
Finances and disclosures
- Price:$9,495,000
- Price per sq. ft.:$1,483.59
- Tax amount:$31,312 (2024)
Features and amenities
- Appliances:Built-in Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Ice Maker, Irrigation Equipment, Microwave, Range Hood, Refrigerator, Washer
- Laundry features:Dryer, Inside, Laundry Room, Washer
- Amenities:Built-In Features, Ceiling Fans(s), Eat-in Kitchen, Elevator, High Ceilings, Irrigation Equipment, Kitchen/Family Room Combo, L Dining, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Upstairs, Walk-In Closet(s)
- Pool features:Heated, In Ground, Private Pool
Parking
- Parking description:Attached Garage
- Garage:Yes
- Garage spaces:5
New listings near 551 S Washington Drive
- New
$2,195,000Active3 beds 4 baths3,243 sq. ft.7936 Mainsail Lane, SARASOTA, FL 34240
MLS# A4684165Listed by: MICHAEL SAUNDERS & COMPANY - New
$335,000Active4 beds 2 baths1,250 sq. ft.5157 Island Date Street, SARASOTA, FL 34232
MLS# A4685908Listed by: PREFERRED SHORE LLC - New
$750,000Active3 beds 2 baths1,556 sq. ft.4634 Mcintosh Road, SARASOTA, FL 34233
MLS# A4686368Listed by: FINE PROPERTIES
$931,000Pending2 beds 3 baths1,431 sq. ft.2170 Robinhood Street #A2-204, SARASOTA, FL 34231
MLS# A4686470Listed by: WILLIAM RAVEIS REAL ESTATE- New
$299,900Active2 beds 2 baths1,400 sq. ft.5340 Mang Place #1308, SARASOTA, FL 34238
MLS# A4685516Listed by: COLDWELL BANKER SARASOTA CENT. - New
$276,259Active2 beds 3 baths1,219 sq. ft.10621 Orbit Terrace, SARASOTA, FL 34241
MLS# A4686473Listed by: TAYLOR MORRISON RLTY OF FLA - New
$276,259Active2 beds 3 baths1,219 sq. ft.10613 Orbit Terrace, SARASOTA, FL 34241
MLS# A4686479Listed by: TAYLOR MORRISON RLTY OF FLA - New
$217,000Active4 beds 2 baths1,132 sq. ft.1755 35th Street, SARASOTA, FL 34234
MLS# A4686458Listed by: REALTY ONE GROUP SUNSHINE - New
$2,500,000Active0.31 Acres1894 Loma Linda Street, SARASOTA, FL 34239
MLS# A4686462Listed by: COMPASS FLORIDA LLC
$999,999Pending2 beds 3 baths1,594 sq. ft.2170 Robinhood Street #A1-305, SARASOTA, FL 34231
MLS# A4686378Listed by: WILLIAM RAVEIS REAL ESTATE