551 S WASHINGTON DRIVE
Sarasota, FL 34236
$9,495,000
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 ...
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Listing Courtesy of: COMPASS FLORIDA LLC
941-279-3630
| Listing Id: | A4668634 |
|---|---|
| List Price: | $9,495,000 |
| Property Type: | Residential |
| Property Sub Type: | Single Family Residence |
| Status: | Active |
| Bedrooms Total: | 9 |
| Bathrooms Full: | 9 |
| Living Area: | 5,493 |
| Tax Annual Amount: | $31,312 |
| Lot Size Square Feet: | 9,884 |
| Lot Size Acres: | 0.23 |
| Waterfront?: | Yes |
| City: | Sarasota |
| County Or Parish: | Sarasota |
| Subdivision Name: | Saint Armands Div John Ringling Estates |
| Postal Code: | 34236 |
| Year Built: | 2024 |
| Additional Parcels?: | No |
| Appliances: | Built-In Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Ice Maker, Microwave, Range Hood, Refrigerator, Washer |
| Attached Garage?: | Yes |
| Bathrooms Total Integer: | 9 |
| Building Area Source: | Public Records |
| Building Area Total: | 6400 |
| Building Area Units: | Square Feet |
| Carport?: | No |
| Direction Faces: | East |
| Foundation Details: | Block |
| Construction Materials: | Block |
| Cooling: | Central Air |
| Directions: | Tamiami N, Merge onto Gulfstream Ave, At St Armand, 2nd exit, Left on Washington Dr. |
| Exterior Features: | Balcony, Lighting, Rain Gutters |
| Flooring: | Hardwood |
| Garage Spaces: | 5 |
| Garage?: | Yes |
| Heating: | Central |
| 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) |
| Laundry Features: | Inside, Laundry Room |
| Levels: | Three Or More |
| Ownership: | Fee Simple |
| Living Area Source: | Public Records |
| Living Area Units: | Square Feet |
| Lot Size Acres: | 0.23 |
| Postal Code Plus4: | 1725 |
| MLS Area Major: | 34236 - Sarasota |
| MLS Area Major: | 34236 - Sarasota |
| Original List Price: | $9,495,000 |
| Other Equipment: | Irrigation Equipment |
| Parcel Number: | 2014130022 |
| Pool Features: | Heated, In Ground, Lighting |
| Township: | 36S |
| Road Surface Type: | Concrete |
| Roof: | Metal |
| Tax Year: | 2024 |
| Senior Community?: | No |
| Sewer: | Public Sewer |
| Special Listing Conditions: | None |
| State Or Province: | FL |
| Association?: | No |
| Utilities: | Public |
| Water Source: | Public |
| Property Condition: | Completed |
| Public Survey Range: | 17E |
| Public Survey Section: | 26 |
| Zoning: | RSF2 |
| Waterfront Features: | Canal - Saltwater, Canal Front |
| Alternate Key Folio Num: | 2014130022 |
| Available For Lease Yn: | Yes |
| Building Area Total Srch Sq M: | 594.58 |
| Calculated List Price By Calcula: | 1728.56 |
| Cddyn: | No |
| Dprurl: | https://www.workforce-resource.com/dpr/listing/MFRMLS/A4668634?w=Agent&skip_sso=true |
| Dprurl 2: | https://www.workforce-resource.com/dpr/listing/MFRMLS/A4668634?w=Customer |
| Dpryn: | No |
| Exist Lse Tenant Yn: | Yes |
| Flood Zone Code: | AE |
| Flood Zone Date: | 2024-03-27 |
| Flood Zone Panel: | 12115C0129G |
| Green Verification Count: | 0 |
| Homestead Yn: | Yes |
| Lease Restrictions Yn: | No |
| Listing Exclusion Yn: | No |
| Living Area Meters: | 510.32 |
| Lot Size Square Meters: | 918 |
| Minimum Lease: | 1 Week |
| Month To Month Or Weekly Yn: | Yes |
| Room Count: | 5 |
| Sdeo yn: | No |
| Sw Subdiv Community Name: | St Armands Division |
| Total Acreage: | 0 to less than 1/4 |
| Unit Number Yn: | No |
| Water Access Yn: | No |
| Water Extras Yn: | No |
| Water View: | No |
| Association 2 Yn: | 0 |
| Attribution Contact: | 941-279-3630 |
| Originating System Name : | Stellar MLS |
| In Law Suite Yn: | No |
| Green Energy Generation Yn: | No |
| Listing Contract Date: | 2025-10-15 |
| Fireplace?: | No |
| Pool Private?: | Yes |
| New Construction?: | Yes |
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Property Last Updated: November 10, 2026 03:12 AM - ET
