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$9,495,000
390 Days On Site

551 S WASHINGTON DRIVE
SARASOTA, FL 34236

For Sale|Single Family Residence|Active
9
Beds
9
Total Baths
9
Full Baths
5,493
SqFt
$1,729
/SqFt
2024
Built
Subdivision:
SAINT ARMANDS DIV JOHN RINGLING ESTATES
County:
Sarasota
Call Now: 727-239-9297
Is this the listing for you? We can help make it yours.
727-239-9297
551 S WASHINGTON DRIVE551 S WASHINGTON DRIVE551 S WASHINGTON DRIVE551 S WASHINGTON DRIVE
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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.

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Listing Snapshot
Price 
$9,495,000
Days On Site 
390 Days
Bedrooms 
9
Inside Area (SqFt) 
5,493 sqft
Total Baths 
9
Full Baths 
9
Partial Baths 
N/A
Lot Size 
0.23 Acres
Year Built 
2024
MLS Number 
A4668634
Status 
Active
Property Tax 
$31,311.51
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Public Records
Friends & Family
Recent Activity
8 hours agoListing updated with changes from the MLS
yesterdayStatus changed to Active
a year agoListing first seen on site
General Features
Acres 
0.23
Attached Garage 
Yes
Direction Faces 
East
Foundation 
Block
Garage 
Yes
Garage Spaces 
5
Levels 
Three Or More
Parking 
Attached
Property Condition 
New Construction
Property Sub Type 
Single Family Residence
Sewer 
Public Sewer
SqFt Total 
6400
Water Source 
Public
Zoning 
RSF2
Interior Features
Appliances 
DishwasherDisposalDryerElectric Water HeaterFreezerIce MakerMicrowaveRange HoodRefrigeratorWasher
Cooling 
Central Air
Flooring 
Hardwood
Heating 
Central
Interior 
Built-in FeaturesEat-in KitchenElevatorHigh CeilingsOpen FloorplanWalk-In Closet(s)
Laundry Features 
InsideLaundry Room
Dining Room 
Level - Second
Kitchen 
Level - Second
Living Room 
Level - Second
Master Bathroom 
Level - Third
Master Bedroom 
Level - Third
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Exterior Features
Construction Details 
Block
Exterior 
BalconyLightingRain Gutters
Lot Features 
Waterfront
Pool Features 
HeatedIn GroundPrivate
Private Pool 
Yes
Roof 
Metal
Waterfront 
Yes
Waterfront Features 
Canal Front
Windows/Doors 
Sliding Doors
Community Features
MLS Area 
34236 - Sarasota
Township 
36S
Roads 
Concrete
Listing courtesy of COMPASS FLORIDA LLC (512) 550-1117



Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2026, Stellar MLS.
Last checked: 2026-11-10 02:01 PM EST

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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