551 S Washington Drive, Sarasota, FL 34236
Local realty services provided by:Tomlin St Cyr Real Estate Services ERA Powered
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
Life on Lido Key is even better when the water and dolphins and manatee are in your backyard with St. Armands Circle is just steps from your door. Welcome to Lido Dreams, a nine-bedroom, nine-bath waterfront retreat that brings together spacious coastal living, exceptional entertaining spaces, and an established short-term rental operation.
Built in 2024, this 5,500-square-foot residence offers room to gather without sacrificing privacy. All nine bedrooms feature ensuite baths, while an elevator connects the living levels for everyday convenience. The main living floor centers around an open kitchen, dining area, and inviting gathering space, complemented by a butler’s pantry and five guest suites.
Upstairs, the expansive primary suite offers a separate sitting area, generous walk-in closet, and water views. Additional guest suites and a second laundry room make hosting extended stays effortless.
Outside, a private heated pool and spa set the scene for afternoons at home, while the spacious rooftop deck provides another place to entertain, unwind, and enjoy the coastal surroundings. A five-car garage adds valuable space for vehicles, storage, and beach gear.
Spend the morning at Lido Beach, stroll to dinner on the Circle, or enjoy a quiet evening overlooking the canal. Whether envisioned as a personal retreat, a gathering place for family and friends, or an income-producing property, Lido Dreams offers a compelling combination of location, scale, and versatility. Rental financials are available upon request. *not pictured: boat dock & deck and outdoor kitchen & shower to be included in asking price....
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Home facts
- Year built:2024
- Subdivision & Development:SAINT ARMANDS DIV JOHN RINGLING ESTATES
- Listing ID #:A4668634
- Added:395 day(s) ago
- Updated:November 15, 2026 at 06:45 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
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