$9,495,000

551 Washington Drive

Sarasota, FL 34236

Active
9
Beds
9
Baths
5,493
Sq Ft
0.23
Acres
2024
Built
WaterfrontPrivate poolNew construction5-car garage$1,729/sqft360° tour
🏠Single Family Residence

Property type

🏗️2024

Year built

📐9,884 sqft

Lot size

📊$1,729

Price / sq ft

🏘️No HOA

HOA dues

📅182

Days on market

🚗5

Garage spaces

🌊AE

Flood zone

About this home

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.

Estimated monthly payment

Principal & interest$48,012
Property taxes$2,609
Home insurance (est.)$4,352

Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.

Price & listing history182 days on market

  1. Status: Active
    Apr 16, 2026
  2. Listed$9,495,000
    Oct 15, 2025
  3. Price increased$9,495,000

Virtual Tour

Facts & features

Property type
Residential
Sub type
Single Family Residence
Status
Active
Days on market
182
Subdivision
Saint Armands Div John Ringling Estates
County
Sarasota
Year built
2024
Living area
5,493 sq ft
Price/sq ft
$1,729
Building area
6,400 sq ft (Public Records)
Lot size
9,884 sq ft
Lot category
0 to less than 1/4
Flood zone
AE (12115C0129G)
Garage
5 spaces
Pool
Private pool
Annual taxes
$31,312 (2024)
Parcel #
2014130022
Zoning
RSF2
MLS #
A4668634

Interior Details

Bedrooms
9
Full bathrooms
9
Flooring
Hardwood
Appliances
Built-In Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Ice Maker, Microwave, Range Hood, Refrigerator, Washer
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, PrimaryBedroom Upstairs, Walk-In Closet(s)
Laundry
Inside, Laundry Room
Stories / Levels
Three Or More
Direction faces
East
New construction
Yes

Heating & Cooling

Heating
Central
Cooling
Central Air

Parking

Garage spaces
5
Attached garage
Yes

HOA & Financial

Total monthly fees
$0/mo
Total annual fees
$0
CDD
No
Homestead exemption
Yes
Min lease term
1 Week
Ownership
Fee Simple
Available for lease
Yes
Lease restrictions
No

Exterior & Construction

Exterior features
Balcony, Lighting, Rain Gutters, Sliding Doors
Construction materials
Block
Roof
Metal
Foundation
Block
Pool
Private pool
Waterfront
Yes
Road surface
Concrete

Utilities

Sewer
Public Sewer
Water source
Public
Utilities
Public

Room Details

RoomLevelDimensions
Living RoomSecond
Dining RoomSecond
KitchenSecond
Primary BedroomThird
Primary BathroomThird

Listing Details

Listing date
2025-10-15
On market date
2025-10-15
Original list price
$9,495,000
Occupant type
Tenant
MLS area
34236 - Sarasota
Listing AOR
Port Charlotte
Status changed
2026-04-16
Tax legal description
LOT 27 & SELY 5 FT OF LOT 28 BLK 10 ST ARMANDS DIV

Flood risk

High riskFEMA Zone AEPanel 12115C0129G

FEMA Special Flood Hazard Area (1% annual-chance / “100-year” floodplain). Flood insurance is generally required by mortgage lenders.

Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.

Location

Directions

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

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MLS GRID

Listings courtesy of Stellar MLS as distributed by MLS GRID

IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Based on information submitted to the MLS GRID as of April 16, 2026 at 9:42 AM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Ryan Solberg, Broker · MaxLife Realty LLC · FL License #BK3354351 · Equal Housing Opportunity · Full disclaimer · DMCA