Waterfront - New Construction
Address
551 S Washington Drive, SARASOTA, FL
Price
$ 9,495,000
Property Attributes
- MLS#A4668634
- TypeSingle Family
- Listing Status Active
- CountySarasota
- CitySARASOTA
- AreaSarasota
- NeighborhoodSAINT ARMANDS DIV JOHN RINGLING ESTATES
- Zip34236
- StyleSingle Family Residence
- Year Built2024
- Taxes$ 31311
- Price$ 9,495,000
- Bedrooms9
- Full Bathrooms9
- Half Bathrooms0
- Sqr Footage5493
- Lot Size0.23 Acres
Data Source:
Stellar MLS
Property Description
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 History | |
|---|---|
| 12/19/2025 | Listed $9,495,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central |
| Cooling | Central Air |
| Utilities | Public |
| Roof | Metal |
| Appliances | Built-In Oven,Dishwasher,Disposal,Dryer,Electric Water Heater,Freezer,Ice Maker,Microwave,Range Hood,Refrigerator,Washer |
| Zoning | RSF2 |
| Garage Spaces | 5 |
| Pool Features | Heated,In Ground,Lighting |
| Construction Materials | Block |
| Year Built | 2024 |
| Levels | Three Or More |
| Property Subtype | Single Family Residence |
| Tax Year | 2024 |
| Ownership | Fee Simple |
| Waterfront Features | Canal - Saltwater,Canal Front |
| County | Sarasota |
| New Construction | true |
| Property Type | Residential |
| Attached Garage | true |
| Subdivision Name | SAINT ARMANDS DIV JOHN RINGLING ESTATES |
| Facing Direction | East |
| Garage Y/N | true |
| Total Rooms | 5 |
| Full Baths | 9 |
| Status | Active |
| Directions | Tamiami N, Merge onto Gulfstream Ave, At St Armand, 2nd exit, Left on Washington Dr. |
| City | SARASOTA |
| Senior Community Y/N | false |
| MLS Area | 34236 - Sarasota |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 9884 |
| Carport Y/N | false |
| Land Lease Y/N | false |
| Tax Annual Amount | 31311.51 |
| Property Condition | Completed |
| Additional Parcels Y/N | false |
| Lease Considered Y/N | true |
| Virtual Tour | https://www.propertypanorama.com/instaview/stellar/A4668634 |
| Building Area Units | Square Feet |
| Living Area Units | Square Feet |
| Standard Status | Active |
| Occupancy Type | Tenant |
| Tax Lot | 27 |
| Virtual Tour | https://nextlevelmediasrq.hd.pics/551-S-Washington-Dr |
| Legal Description | LOT 27 & SELY 5 FT OF LOT 28 BLK 10 ST ARMANDS DIV |
| Minimum Lease | 1 Week |
| Water Access Y/N | false |
| Water View Y/N | false |
| Flood Zone Code | AE |
| In Law Suite YN | false |
Interior Features
| Interior Amenities | 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) |
|---|---|
| Flooring | Engineered Hardwood |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
| Fireplace Y/N | false |
| Laundry Features | Inside,Laundry Room |
| Total Bedrooms | 9 |
| LivingAreaSource | Public Records |
| Total Baths | 9 |
Exterior Features
| Exterior Amenities | Balcony,Irrigation System,Lighting,Rain Gutters,Sliding Doors |
|---|---|
| Water Source | Public |
| Lot Size Area | 9884 |
| Foundation Details | Block |
| Building Area Total | 6400 |
| Lot Size Acres | 0.23 |
| Road Surface Type | Concrete |
| Private Pool | true |
| Waterfront Y/N | true |
| Covered Spaces | 5 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 34236
Price
Taxes
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on August 22, 2026 8:32 PM UTC
