Curious about this home?

Ask anything — no agents, no pressure

Try asking

About This Home

This 9-bedroom, 9-bathroom single family at 551 S WASHINGTON DRIVE in SARASOTA, FL is listed for $9,495,000 ($1,729 per sqft). Built in 2024, the home offers 5,493 sqft of living space on a 0.23 acres lot.

Agent 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.

Key Features

  • Built in 2024
  • 0.23 acre lot
  • Private pool
  • Waterfront

Property Details

9 full
2024

Amenities

PoolWaterfrontHardwood

Monthly Cost Estimate

$50,781/mo

20% down · 6.5% · 30 years

Principal$6,867
Interest$41,145
Insurance$2,769

Estimates only. Actual payments may vary.

Location

551 S WASHINGTON DRIVE

SARASOTA, FL 34236

SAINT ARMANDS DIV JOHN RINGLING ESTATES

Features & Amenities

Interior Features

Built-in FeaturesCeiling Fans(s)Eat-in KitchenElevatorHigh CeilingsKitchen/Family Room ComboL DiningLiving Room/Dining Room ComboOpen FloorplanPrimarybedroom UpstairsWalk-in Closet(s)

Exterior Features

BalconyLightingRain GuttersSliding DoorsPool

Property Details

Flooring

Hardwood

Construction

Block

Parking

GarageGarage - Attached

Heating

Central

Cooling

Central Air

Appliances

DishwasherDryerFreezerGarbage DisposerIce MakerMicrowaveRangeRefrigeratorWasher

Questions & Answers

This 9-bedroom, 9-bathroom single family at 551 S WASHINGTON DRIVE is listed at $9,495,000 ($1,729/sqft). The estimated monthly payment is $41,145 based on 20% down at 6.5% interest.

Key features include: Built in 2024, 0.23 acre lot, Private pool, Waterfront. Interior Features: Built-in Features, Ceiling Fans(s), Eat-in Kitchen. Exterior Features: Balcony, Lighting, Rain Gutters.

This property is listed by Tina Ellis and can be reached at 5125501117 or Tina.Ellis@compass.com.

Similar Homes in SARASOTA

View all
TE

Tina Ellis

Agent at COMPASS FLORIDA LLC

(512) 550-1117

Listed by COMPASS FLORIDA LLC · View on Broker Site

MLS# A4668634· Source: listhub· Updated 177 days ago

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

551 S WASHINGTON DRIVE, SARASOTA, FL 34236

Open this listing in: