To schedule a showing of 551 S Washington Drive, Sarasota, Florida, Call David Shippey at 863-521-4517 TODAY!

$9,495,000 No Recent Price Change
551 S Washington Drive
Sarasota, FL 34236
  • 9Beds
  • 9.00Total Baths
  • 9 Full, 0 HalfBaths
  • 5,493SqFt
  • 2024Year Built
  • 0.23Acres
  • MLS# A4668634
  • Residential
  • SingleFamilyResidence
  • Active


Overview

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, youll 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, youll 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 chefs 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. Its 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. Dont 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.



Agriculture / Farm

Association Fees / Info

Bathroom Info

Total Baths:  9.00

Fullbaths:  9

Building Info

Roof:  Metal

Building Area Source:  PublicRecords

Buyer Compensation

Exterior Features

Pool Features:  Heated, InGround

Patio:  Balcony

Pool Private:  Yes

Exterior Features:  Balcony, SprinklerIrrigation, Lighting, RainGutters

Fees / Restrictions

Financial

Original Price:  $9,495,000

Garage / Parking

Attached Garage:  Yes

Garage:  Yes

Green / Env Info

Interior Features

Floors:  EngineeredHardwood

Levels:  ThreeOrMore

Laundry Features:  Inside, LaundryRoom

Interior Features:  BuiltInFeatures, CeilingFans, EatInKitchen, Elevator, HighCeilings, KitchenFamilyRoomCombo, LivingDiningRoom, OpenFloorplan, UpperLevelPrimary, WalkInClosets

Appliances:  BuiltInOven, Dryer, Dishwasher, ElectricWaterHeater, Freezer, Disposal, IceMaker, Microwave, Refrigerator, RangeHood, Washer

Lot Info

Direction Remarks:  Tamiami N, Merge onto Gulfstream Ave, At St Armand, 2nd exit, Left on Washington Dr.

Lot Size Units:  Acres

Lot Size Acres:  0.23

Lot Sqft:  9,884

Misc

Other

Special Conditions:  None

Other Rooms Info

Property Info

Section:  26

Class Type:  SingleFamilyResidence

Property Sub Type:  SingleFamilyResidence

Property Condition:  NewConstruction

New Construction:  Yes

Construction Materials:  Block

Foundation:  Block

Human Modified:  Yes

Room Info

Total Rooms:  5

Sqft Info

Sqft:  5,493

Bulding Area Sqft:  6,400

Living Area Units:  SquareFeet

Living Area Source:  PublicRecords

Tax Info

Tax Year:  2,024

Tax Lot:  27

Tax Legal Description:  LOT 27 & SELY 5 FT OF LOT 28 BLK 10 ST ARMANDS DIV

Tax Block:  10

Tax Annual Amount:  31311.51

Tax Book Number:  2-30

Unit Info

Utilities / Hvac

Heating:  Central

Water Source:  Public

Sewer:  PublicSewer

Cool System:  CentralAir, CeilingFans

Cooling:  Yes

Heating:  Yes

Utilities:  MunicipalUtilities

Waterfront / Water

Waterfront:  Yes

Waterfront Features:  CanalAccess, CanalFront

Directions

Tamiami N, Merge onto Gulfstream Ave, At St Armand, 2nd exit, Left on Washington Dr.

This listing courtesy of Compass Florida Llc 

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On davidshippey.com since Wed, Oct 15th 2025
No Property History recorded for this listing.

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If you have any questions on 551 S Washington Drive, Sarasota, Florida, please call David Shippey at 863-521-4517.


MLS# A4668634 located at 551 S Washington Drive, Sarasota, Florida is brought to you by David Shippey REALTOR®

551 S Washington Drive, Sarasota, Florida has 9 Beds, 9 Full Bath, and 0 Half Bath.
The MLS Number for 551 S Washington Drive, Sarasota, Florida is A4668634.
The price for 551 S Washington Drive, Sarasota, Florida is $9,495,000.
The status of 551 S Washington Drive, Sarasota, Florida is Active.
The subdivision of 551 S Washington Drive, Sarasota, Florida is Saint Armands Div John Ringling Estates.
The home located at 551 S Washington Drive, Sarasota, Florida was built in 2026.