551 Washington Drive S, Sarasota, FL 34236
For Sale $9,495,000
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Life on Lido Key is even better when the water and dolphins and manatee are in your backyard with St. Armands Circle is just steps from your door. Welcome to Lido Dreams, a nine-bedroom, nine-bath waterfront retreat that brings together spacious coastal living, exceptional entertaining spaces, and an established short-term rental operation. Built in 2024, this 5,500-square-foot residence offers room to gather without sacrificing privacy. All nine bedrooms feature ensuite baths, while an elevator connects the living levels for everyday convenience. The main living floor centers around an open kitchen, dining area, and inviting gathering space, complemented by a butler’s pantry and five guest suites. Upstairs, the expansive primary suite offers a separate sitting area, generous walk-in closet, and water views. Additional guest suites and a second laundry room make hosting extended stays effortless. Outside, a private heated pool and spa set the scene for afternoons at home, while the spacious rooftop deck provides another place to entertain, unwind, and enjoy the coastal surroundings. A five-car garage adds valuable space for vehicles, storage, and beach gear. Spend the morning at Lido Beach, stroll to dinner on the Circle, or enjoy a quiet evening overlooking the canal. Whether envisioned as a personal retreat, a gathering place for family and friends, or an income-producing property, Lido Dreams offers a compelling combination of location, scale, and versatility. Rental financials are available upon request. *not pictured: boat dock & deck and outdoor kitchen & shower to be included in asking price.
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
Primary Bedroom Upstairs
Walk-In Closet(s)
Taxes: $31,311.51
Tax Year: 2024
Balcony
Lighting
Rain Gutters
Built-In Oven
Dishwasher
Disposal
Dryer
Electric Water Heater
Freezer
Ice Maker
Microwave
Range Hood
Refrigerator
Washer
Canal - Saltwater
Canal Front
MLS Area: 34236 - Sarasota
Total Square Footage: 6,400
Price per Square Feet: $1,728.56
Water: Public
Construction: Block
Date Listed: 2025-10-15 00:00:00
Pool: Y
Pool Description: Heated, In Ground, Lighting
Garage Description: Y
Garage Spaces: 5
Attached Garage: Y
Flooring: Hardwood
Roof: Metal
Heating: Central
Cooling: Central Air
Laundry: Inside, Laundry Room
Sewer: Public Sewer
Parcel ID: 2014130022
Listing Courtesy Of: Compass Florida Llc
tina.ellis@compass.com
Life on Lido Key is even better when the water and dolphins and manatee are in your backyard with St. Armands Circle is just steps from your door. Welcome to Lido Dreams, a nine-bedroom, nine-bath waterfront retreat that brings together spacious coastal living, exceptional entertaining spaces, and an established short-term rental operation. Built in 2024, this 5,500-square-foot residence offers room to gather without sacrificing privacy. All nine bedrooms feature ensuite baths, while an elevator connects the living levels for everyday convenience. The main living floor centers around an open kitchen, dining area, and inviting gathering space, complemented by a butler’s pantry and five guest suites. Upstairs, the expansive primary suite offers a separate sitting area, generous walk-in closet, and water views. Additional guest suites and a second laundry room make hosting extended stays effortless. Outside, a private heated pool and spa set the scene for afternoons at home, while the spacious rooftop deck provides another place to entertain, unwind, and enjoy the coastal surroundings. A five-car garage adds valuable space for vehicles, storage, and beach gear. Spend the morning at Lido Beach, stroll to dinner on the Circle, or enjoy a quiet evening overlooking the canal. Whether envisioned as a personal retreat, a gathering place for family and friends, or an income-producing property, Lido Dreams offers a compelling combination of location, scale, and versatility. Rental financials are available upon request. *not pictured: boat dock & deck and outdoor kitchen & shower to be included in asking price.
Property Details
Price: $9,495,000
Sq Ft: 5,493
($1,729 per
sqft)
Bedrooms: 9
Bathrooms: 9
City: Sarasota
County: Sarasota
Type: Single Family
Development: Saint Armands Div John Ringling Estates
Acres: 0.2300
Virtual Tour/Floorplan: View
Year Built: 2024
Listing Number: A4668634
Status Code: A-Active
Taxes: $31,311.51
Tax Year: 2024
Garage:
5
/
Y
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
Primary Bedroom Upstairs
Walk-In Closet(s)
Financial Information:
Taxes: $31,311.51
Tax Year: 2024
Exterior Features:
Balcony
Lighting
Rain Gutters
Equipment:
Built-In Oven
Dishwasher
Disposal
Dryer
Electric Water Heater
Freezer
Ice Maker
Microwave
Range Hood
Refrigerator
Washer
Waterfront Description:
Canal - Saltwater
Canal Front
Additional Information:
MLS Area: 34236 - Sarasota
Total Square Footage: 6,400
Price per Square Feet: $1,728.56
Water: Public
Construction: Block
Date Listed: 2025-10-15 00:00:00
Pool: Y
Pool Description: Heated, In Ground, Lighting
Garage Description: Y
Garage Spaces: 5
Attached Garage: Y
Flooring: Hardwood
Roof: Metal
Heating: Central
Cooling: Central Air
Laundry: Inside, Laundry Room
Sewer: Public Sewer
Parcel ID: 2014130022
Map of 551 Washington Drive S, Sarasota, FL 34236
Listing Courtesy Of: Compass Florida Llc
tina.ellis@compass.com