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New construction
  • $9,495,000

    551 S WASHINGTON DRIVE, SARASOTA, FL 34236

    9beds
    5,493sqft
    : 
    $61,769/mo
    Get pre-qualified
    Single Family Residence
    Built in 2024
    9,884 Square Feet Lot
    $8,556,500 Zestimate®
    $1,729/sqft
    $-- HOA

    What's special

    Private poolBeautifully appointed bedroomsExtra-large bedroomRelaxing hot tubStylish stairwayRooftop deckEnsuite bathroom
    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.
    290 days
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    663
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    23
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    Zillow last checked:

    Listing updated:

    Listed by:

    Tina Ellis 512-550-1117,

    COMPASS FLORIDA LLC 941-279-3630

    Source: Stellar MLS,MLS#: A4668634MLS LogoOriginating MLS: Port Charlotte

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 9
      • Bathrooms: 9
      • Full bathrooms: 9
      Primary bedroom
      • Features: Walk-In Closet(s)
      • Level: Third
      Primary bathroom
      • Level: Third
      Dining room
      • Level: Second
      Kitchen
      • Level: Second
      Living room
      • Level: Second
      Heating
      • Central
      Cooling
      • Central Air
      Appliances
      • Included: Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Ice Maker, Microwave, Range Hood, Refrigerator, Washer
      • Laundry: Inside, Laundry Room
      Features
      • 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
      • Doors: Sliding Doors
      • Has fireplace: No
      Interior area
      • Total structure area: 6,400
      • Total interior livable area: 5,493 sqft

      Property

      Parking
      • Total spaces: 5
      • Parking features: Garage - Attached
      • Attached garage spaces: 5
      Features
      • Levels: Three Or More
      • Stories: 3
      • Exterior features: Balcony, Irrigation System, Lighting, Rain Gutters
      • Has private pool: Yes
      • Pool features: Heated, In Ground, Lighting
      • On waterfront: Yes
      • Waterfront features: Canal - Saltwater, Canal Front
      Lot
      • Size: 9,884 Square Feet
      Details
      • Parcel number: 2014130022
      • Zoning: RSF2
      • Special conditions: None

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Block
      • Foundation: Block
      • Roof: Metal
      Condition
      • Completed
      • New construction: Yes
      • Year built: 2024

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Public

      Community & HOA

      Community
      • Pet fee: $0 monthly
      • Subdivision: SAINT ARMANDS DIV JOHN RINGLING ESTATES
      HOA
      • Has HOA: No
      Location
      • Region: Sarasota

      Financial & listing details

      • Price per square foot: $1,729/sqft
      • Annual tax amount: $31,311
      • Date on market: 10/15/2025
      • Cumulative days on market: 207 days
      • Ownership: Fee Simple
      • Total actual rent: 0
      • Road surface type: Concrete

        Estimated market value

        $8,556,500

        $8.13M - $8.98M

        $5,555/mo

        Price history

        DateEventPrice
        10/15/2025Listed for sale$9,495,000-9.5%$1,729/sqft
        Source: Stellar MLS #A4668634 Report a problem
        6/11/2025Listing removed$10,495,000$1,911/sqft
        Source: Stellar MLS #A4631200 Report a problem
        1/23/2025Listed for sale$10,495,000+45.8%$1,911/sqft
        Source: Stellar MLS #A4631200 Report a problem
        2/19/2024Sold$7,200,000+269.2%$1,311/sqft
        Source: Stellar MLS #A4598665 Report a problem
        1/31/2022Pending sale$1,950,000$355/sqft
        Source: Stellar MLS #A4523638 Report a problem
        1/28/2022Listed for sale$1,950,000$355/sqft
        Source: Stellar MLS #A4523638 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: St. Armands

        Getting around

        68 / 100
        Somewhat Walkable
        0 / 100
        No Nearby Transit
        76 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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