551 S WASHINGTON DRIVE Sarasota, FL $ 9,495,000
551 S WASHINGTON DRIVE
$ 9,495,000
New Construction
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551 S WASHINGTON DRIVE

Sarasota, FL, 34236
$ 9,495,000
Bedrooms9 Baths9.0 Sq 5,493

Monthly Estimate*

$ 59,236

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View a Virtual Tour

Single Family Home for sale in Sarasota, FL

for $9,495,000 with 9 bedrooms and 9 full baths. This 5,493 square foot home was built in 2024 on a lot size of 0.23.

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.

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Single Family Active

Price

$ 9,495,000

Bedrooms

9

Full Bath

9

Property Type

Single Family

Taxes

$ 31,311

Style

Single Family Residence

Lot Size

0.23

Year Built

2024

Town/City

Sarasota

County/Region

Sarasota

MLS | Web ID

A4668634

Features
General
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Public
Roof Metal
Appliances Built-In Oven Dishwasher Disposal Dryer Electric Water Heater Freezer Ice Maker Microwave Range Hood Refrigerator Washer
Zoning RSF2
Garage Spaces 5
Pool Features Heated In Ground Lighting
Construction Materials Block
Year Built 2024
Levels Three Or More
Property Subtype Single Family Residence
Tax Year 2024
Ownership Fee Simple
Waterfront Features Canal - Saltwater Canal Front
County Sarasota
New Construction true
Property Type Residential
Attached Garage true
Subdivision Name SAINT ARMANDS DIV JOHN RINGLING ESTATES
Facing Direction East
Garage Y/N true
Total Rooms 5
Full Baths 9
Status Active
Directions Tamiami N Merge onto Gulfstream Ave At St Armand 2nd exit Left on Washington Dr.
City SARASOTA
Senior Community Y/N false
MLS Area 34236 - Sarasota
Lot Size Units Square Feet
Lot Size Square Feet 9884
Carport Y/N false
Land Lease Y/N false
Tax Annual Amount 31311.51
Property Condition Completed
Additional Parcels Y/N false
Lease Considered Y/N true
Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4668634 https://nextlevelmediasrq.hd.pics/551-S-Washington-Dr
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Tenant
Tax Lot 27
Legal Description LOT 27 & SELY 5 FT OF LOT 28 BLK 10 ST ARMANDS DIV
Minimum Lease 1 Week
Water Access Y/N false
Water View Y/N false
Flood Zone Code AE
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Interior
Interior Amenities Built-in Features Ceiling Fan(s) Eating Space In Kitchen Elevator High Ceilings Kitchen/Family Room Combo L Dining Living Room/Dining Room Combo Open Floorplan PrimaryBedroom Upstairs Walk-In Closet(s)
Flooring Engineered Hardwood
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Half Baths 0
Laundry Features Inside Laundry Room
Total Bedrooms 9
Total Baths 9
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Exterior
Exterior Amenities Balcony Irrigation System Lighting Rain Gutters Sliding Doors
Water Source Public
Lot Size Area 9884
Foundation Details Block
Building Area Total 6400
Lot Size Acres 0.23
Road Surface Type Concrete
Private Pool true
Waterfront Y/N true
Covered Spaces 5
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* Excluded Features
List By
Compass Florida Llc

Broker

Tina.Ellis@compass.com

Email

Affordability Calculator

$61,846
Per Month
96%
4%
0%
Monthly Principal & Interest
$59,236
Monthly Property Taxes
$2,609
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/19/2025$9,495,000 Listed Price

Map


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551 S WASHINGTON DRIVE, Sarasota, FL, 34236 is a Single Family Home for sale at $9,495,000 with 5,493 sqft and a lot size of 0.23. 551 S WASHINGTON DRIVE has 9 bedrooms, 9.0 baths, and was built in 2024. The property's zip code is 34236 which is in Sarasota, FL