

551 S WASHINGTON DRIVESARASOTA, FL 34236
Single Family · 9 Beds · 9 Full Baths · 5,493 Sq. ft. | 0.23 Acres551 S WASHINGTON DRIVE Overview
- Time on Site:
- 258 days
- Visits:
- 0
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.
551 S WASHINGTON DRIVE Facts & Features
- Type Single Family
- Sq. ft. 5,493
- Price/Sq.ft. $1,729
- Lot 0.23 Acres
Details
General
Association/HOA
- Association: No
Building Information
- New Construction: Yes
- Year Built: 2024
Location/Region
- Country: US
- County Or Parish: Sarasota
- MLS Area Major: 34236 - Sarasota
- Subdivision Name: SAINT ARMANDS DIV JOHN RINGLING ESTATES
- Township: 36S
Tax Information
- Tax Annual Amount: 31311.51
- Tax Year: 2024
General Information
- Ownership: Fee Simple
- Parcel Number: 2014130022
- Property Condition: Completed
- Property Sub Type: Single Family Residence
- Property Type: Residential
- Senior Community: No
- Special Listing Conditions: None
- Zoning: RSF2
Interior
Parking Information
- Garage Spaces: 5
- Garage: Yes
Beds/Baths
- Bathrooms Full: 9
- Bathrooms Half: 0
- Bathrooms Total: 9
- Bedrooms Total: 9
Building Interior
- Building Area Source: Public Records
- Building Area Total: 6400
- Building Area Units: Square Feet
General Information
- Appliances: Built-In Oven,Dishwasher,Disposal,Dryer,Electric Water Heater,Freezer,Ice Maker,Microwave,Range Hood,Refrigerator,Washer
- Cooling: Central Air
- Fireplace: No
- Flooring: Hardwood
- Foundation Details: Block
- 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
- Living Area: 5493
- Living Area Source: Public Records
- Living Area Units: Square Feet
- Other Equipment: Irrigation Equipment
Exterior
Lot Information
- Additional Parcels: No
- Lot Size Acres: 0.23
- Lot Size Square Feet: 9884
- Road Surface Type: Concrete
- Water Source: Public
Waterfront/View
- Waterfront Features: Canal - Saltwater,Canal Front
- Waterfront: Yes
Building Exterior/Construction
- Attached Garage: Yes
- Construction Materials: Block
- Direction Faces: East
- Roof: Metal
General Information
- Carport: No
- Exterior Features: Balcony,Lighting,Rain Gutters,Sliding Doors
- Pool Features: Heated,In Ground,Lighting
- Pool Private: Yes
- Sewer: Public Sewer
- Utilities: Public
Room Information
Room: Dining Room
- Level: Second
Room: Kitchen
- Level: Second
Room: Living Room
- Level: Second
Room: Primary Bathroom
- Level: Third
Room: Primary Bedroom
- Level: Third
551 S WASHINGTON DRIVE Neighborhood
Community
34236 (SARASOTA) Demographics
Schools
School data unavailable, School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.551 S WASHINGTON DRIVE Monthly Cost
551 S WASHINGTON DRIVE Market Data
Based on the last 30 days in this zip code
551 S WASHINGTON DRIVE History
| Date | Value | Agent |
|---|---|---|
| 10/15/2025Source: My Florida Regional MLS | October 15, 2025 |
|
| 2/22/2024Source: My Florida Regional MLS | Sold |
|
| 2/14/2024Source: My Florida Regional MLS | February 14, 2024 |
|
| 10/14/2022Source: My Florida Regional MLS | October 14, 2022 |

