551 Washington Drive S, Sarasota, FL 34236
For Sale $9,495,000
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Listing Agent: Tina Ellis
Agent Phone:
512-550-1117
Agent Email:
Tina.Ellis@compass.com
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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 butlers 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 owners 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 e 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.
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)
Taxes: $31.00
Tax Year: 2024
Balcony
Lighting
Rain Gutters
Sliding Doors
Built-In Oven
Dishwasher
Disposal
Dryer
Electric Water Heater
Freezer
Ice Maker
Microwave
Range Hood
Refrigerator
Washer
Canal - Saltwater
Canal Front
MLS Area: 34236 - Sarasota
Price per Square Feet: $1,728.56
Water: Public
Construction: Block
Date Listed: 2025-10-15 21:17:41
Pool: Yes
Pool Type: Heated, In Ground, Lighting
Garage Spaces: 5
Flooring: Hardwood
Roof: Metal
Heating: Central
Cooling: Central Air
Sewer: Public Sewer
Listing Courtesy Of: Compass Florida Llc
Tina.Ellis@compass.com
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 butlers 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 owners 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 e 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.
Property Details
Price: $9,495,000
Sq Ft: 5,493
($1,729 per sqft)
Bedrooms: 9
Bathrooms: 9
City: Sarasota
County: Sarasota
Type: Single Family Reside
Development: Saint Armands Div John Ringling Estates
Acres: 0.23
Virtual Tour/Floorplan: View
Year Built: 2024
Listing Number: A4668634
Status Code: A-Active
Taxes: $31.00
Tax Year: 2024
Garage:
5
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)
Financial Information:
Taxes: $31.00
Tax Year: 2024
Exterior Features:
Balcony
Lighting
Rain Gutters
Sliding Doors
Equipment:
Built-In Oven
Dishwasher
Disposal
Dryer
Electric Water Heater
Freezer
Ice Maker
Microwave
Range Hood
Refrigerator
Washer
Waterfront Description:
Canal - Saltwater
Canal Front
Additional Information:
MLS Area: 34236 - Sarasota
Price per Square Feet: $1,728.56
Water: Public
Construction: Block
Date Listed: 2025-10-15 21:17:41
Pool: Yes
Pool Type: Heated, In Ground, Lighting
Garage Spaces: 5
Flooring: Hardwood
Roof: Metal
Heating: Central
Cooling: Central Air
Sewer: Public Sewer
Map of 551 Washington Drive S, Sarasota, FL 34236
Listing Courtesy Of: Compass Florida Llc
Tina.Ellis@compass.com
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