551 S WASHINGTON DRIVE, MLS# – A4668634
  • $9,495,000

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.

  • Address: WASHINGTON
  • City: SARASOTA
  • State/county: Sarasota
  • Zip/Postal Code: 34236
  • Area: SAINT ARMANDS DIV JOHN RINGLING ESTATES

Details

Updated on April 16, 2026 at 4:10 pm
  • Property ID A4668634
  • Price $9,495,000
  • Property Size 5493 Square Feet
  • Land Area 0.23 Square Feet
  • Bedrooms 9
  • Bathrooms 9
  • Garages 5
  • Year Built 2024
  • Property Type Single Family Residence
  • Property Status Residential

Additional details

  • BathroomsFull 9
  • BathroomsHalf 0
  • BuildingAreaTotal 6400
  • ConstructionMaterials Block
  • ContractStatusChangeDate 2025-10-15
  • Cooling Central Air
  • CoveredSpaces 5
  • CumulativeDaysOnMarket 182
  • DaysOnMarket 182
  • DirectionFaces East
  • Directions Tamiami N, Merge onto Gulfstream Ave, At St Armand, 2nd exit, Left on Washington Dr.
  • Flooring Engineered Hardwood
  • FoundationDetails Block
  • Heating Central
  • InternetAddressDisplayYN 1
  • InternetAutomatedValuationDisplayYN 1
  • InternetConsumerCommentYN 1
  • InternetEntireListingDisplayYN 1
  • LaundryFeatures Inside, Laundry Room
  • LeaseConsideredYN 1
  • Levels Three Or More
  • ListAOR Port Charlotte
  • ListAgentAOR Sarasota - Manatee
  • ListAgentEmail [email protected]
  • ListAgentFullName Tina Ellis
  • ListAgentKey 4227da3c25f9e4ce8ce2b00ef422c37d
  • ListAgentMlsId 281540634
  • ListAgentPreferredPhone 512-550-1117
  • ListOfficeKey caaafdce14e2427189353e5b5faa76f5
  • ListOfficeMlsId 274501900
  • ListOfficeName COMPASS FLORIDA LLC
  • ListOfficePhone 941-279-3630
  • ListingContractDate 2025-10-15
  • ListingKey efaa8f2b8d000c55aa83fa102fda4ce5
  • LivingAreaSource Public Records
  • LotSizeArea 9884
  • LotSizeSquareFeet 9884
  • MLSAreaMajor 34236 - Sarasota
  • MlsStatus Active
  • Modification Time Stamp April 16, 2026 at 01:40pm
  • OnMarketDate 2025-10-15
  • OriginalEntryTimestamp October 15, 2025 at 09:17pm
  • OriginalListPrice 9495000
  • OriginatingSystemKey stellar
  • OriginatingSystemName Stellar MLS
  • Ownership Fee Simple
  • ParcelNumber 2014130022
  • PhotosChangeTimestamp April 16, 2026 at 01:47pm
  • PhotosCount 98
  • PoolFeatures Heated, In Ground, Lighting
  • PostalCodePlus4 1725
  • PropertyCondition Completed
  • RoadSurfaceType Concrete
  • Roof Metal
  • RoomsTotal 5
  • Sewer Public Sewer
  • SourceSystemKey 772602206
  • SpecialListingConditions None
  • StateOrProvince FL
  • StatusChangeTimestamp April 16, 2026 at 01:40pm
  • StreetDirPrefix S
  • StreetName WASHINGTON
  • StreetNumber 551
  • StreetNumberNumeric 551
  • StreetSuffix DRIVE
  • TaxAnnualAmount 31311.51
  • TaxBlock 10
  • TaxBookNumber 2-30
  • TaxLegalDescription LOT 27 & SELY 5 FT OF LOT 28 BLK 10 ST ARMANDS DIV
  • TaxLot 27
  • TaxYear 2024
  • Utilities Public
  • WaterSource Public
  • WaterfrontFeatures Canal - Saltwater, Canal Front
  • Zoning RSF2

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