Property
ActiveResidential
1/60
$9,495,000

551 S WASHINGTON DRIVE

Sarasota, FL 34236
9
Beds
9
Baths
5,493
SqFt
0.23
Acres
STELLAR
#A4668634
Updated: Apr 16, 2026, 12:23pm

Property 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.
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Included Appliances
Built-In OvenDishwasherDisposalDryerElectric Water HeaterFreezerIce MakerMicrowaveRange HoodRefrigeratorWasher

Property Details

Highlights
Waterfront
Yes
Interior
Appliances
Built-In OvenDishwasherDisposalDryerElectric Water HeaterFreezerIce MakerMicrowaveRange HoodRefrigeratorWasher
Bathrooms Total Decimal
9
Building Area Total
6400
Cooling
Central Air
Flooring
Engineered Hardwood
Heating
Central
Interior Features
Built-in FeaturesCeiling Fan(s)Eating Space In KitchenElevatorHigh CeilingsKitchen/Family Room ComboL DiningLiving Room/Dining Room ComboOpen FloorplanPrimaryBedroom UpstairsWalk-In Closet(s)
Laundry Features
InsideLaundry Room
Living Area
5493
Rooms Total
5
Construction
Building Area Source
Public Records
Building Area Units
Square Feet
Construction Materials
Block
Direction Faces
East
Foundation Details
Block
Levels
Three Or More
Living Area Source
Public Records
Living Area Units
Square Feet
New Construction
Yes
Property Condition
Completed
Roof
Metal
Year Built
2024
Site & Exterior
Covered Spaces
5
Exterior Features
BalconyIrrigation SystemLightingRain GuttersSliding Doors
Flood Zone Code
AE
Garage Spaces
5
I D X Participation
Yes
Lot Size Acres
0.23
Lot Size Area
9884
Lot Size Square Feet
9884
Lot Size Units
Square Feet
Pool Features
HeatedIn GroundLighting
Public Survey Range
17E
Public Survey Section
26
Road Surface Type
Concrete
Sewer
Public Sewer
Total Acreage
0 to less than 1/4
Utilities
Public
Water Source
Public
Waterfront
Yes
Waterfront Features
Canal - SaltwaterCanal Front
Zoning
RSF2
Financials
Calculated List Price By Calculated Sq Ft
1728.56
Contract Status Change Date
2025-10-15
Current Price
9495000
Feed Types
BBO
Lease Considered
Yes
Minimum Lease
1 Week
Owner Name
551 SWD LLC
Ownership
Fee Simple
Parcel Number
2014130022
Public Survey Township
36S
Tax Annual Amount
31311.51
Tax Block
10
Tax Book Number
2-30
Tax Legal Description
LOT 27 & SELY 5 FT OF LOT 28 BLK 10 ST ARMANDS DIV
Tax Lot
27
Tax Year
2024

Neighborhood & Lifestyle

Community & Association
M L S Area Major
34236 - Sarasota
S W Subdiv Community Name
St Armands Division
Subdivision Name
SAINT ARMANDS DIV JOHN RINGLING ESTATES
Listing provided courtesy of STELLAR via IDX. Updated: Apr 16, 2026, 12:23pm.
Tina Ellis

Listing Agent

COMPASS FLORIDA LLC

Call Agent