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Exterior details and patio area of a home in , Sarasota (Image 1).
Move-in ready
  • 9 bd
  • 9 ba
  • 5,493 sqft

551 S Washington Dr, Sarasota, FL 34236

$9,495,000

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  • Single-Family
  • Quick move-in
  • $1728.56/sqft
  • East facing

Home description

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.

Listed by Tina Ellis, Tina.Ellis@compass.com
COMPASS FLORIDA LLC, MLS A4668634

Information last verified by Jome: Today at 10:17 AM (December 6, 2025)

Home highlights

East Facing
Garage
Attached Garage
Walk-In Closet
Utility/Laundry Room
Dining Room
Family Room
Central Air
Dishwasher
Microwave Oven
Tile Flooring
Disposal
Living Room
Kitchen
Primary Bedroom Upstairs

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Estimated value based on Jome data, T&C apply

Home details

*Pricing and availability are subject to change.
Property status:
Move-in ready
Neighborhood:
St. Armands
Lot size (acres):
0.23
Size:
5,493 sqft
Stories:
2
Beds:
9
Baths:
9
Garage spaces:
5
Facing direction:
East

Construction details

Year Built:
2024
Roof:
Metal Roofing

Home features & finishes

Appliances:
Ice Maker
Construction Materials:
Wood FrameBlock
Cooling:
Ceiling Fan(s)Central Air
Flooring:
Tile FlooringHardwood Flooring
Foundation Details:
Block
Garage/Parking:
GarageAttached Garage
Interior Features:
Ceiling-HighWindow TreatmentsCeiling-VaultedWalk-In ClosetSliding Doors
Kitchen:
Wine RefrigeratorDishwasherMicrowave OvenOvenRefrigeratorDisposalBuilt-In OvenCook TopFreezer
Laundry facilities:
DryerWasherUtility/Laundry Room
Lighting:
Exterior LightingLighting
Property amenities:
BalconyPoolCabinetsElevator
Rooms:
KitchenDining RoomFamily RoomLiving RoomOpen Concept FloorplanPrimary Bedroom Upstairs

Utility information

Heating:
Water Heater, Central Heating
Utilities:
Electricity Available, Cable Available, Water Available

Community amenities

  • Waterfront View

Neighborhood

Home address

551 S Washington Dr, Sarasota, FL 34236
County:
Sarasota
Zip Code:
34236
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Schools in Sarasota County School District

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GreatSchools’ Summary Rating calculation is based on 4 of the school’s themed ratings, including test scores, student/academic progress, college readiness, and equity. This information should only be used as a reference. Jome is not affiliated with GreatSchools and does not endorse or guarantee this information. Please reach out to schools directly to verify all information and enrollment eligibility. Data provided by GreatSchools.org © 2025

Places of interest

Getting around

Walk score ®
68 /100
Somewhat Walkable
Bike score ®
76 /100
Very Bikeable
Transit score ®
0 /100
No Nearby Transit

Air quality

Natural hazards risk

Climate hazards can impact homes and communities, with risks varying by location. These scores reflect the potential impact of natural disasters and climate-related risks on Sarasota County

Riverine flooding44.3
Relatively Low
Wildfire92.9
Relatively Moderate
Hurricane99.3
Very High
Earthquake49.0
Very Low
Heat wave0.0
No Rating
Coastal flooding66.2
Relatively Low

Provided by FEMA

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Financials

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Stellar Logo
Listed by Tina Ellis, Tina.Ellis@compass.com
COMPASS FLORIDA LLC, MLS A4668634

Based on information submitted to the MLS GRID as of 10/21/2024 2:31 PM CDT. 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. Some IDX listings have been excluded from this website. Properties displayed may be listed or sold by various participants in the 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. Use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint. Listing Information presented by local MLS brokerage: NewHomesMate LLC, DBA Jome (888) 486-2818

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Last checked Dec 6, 9:10 pm

  1. Home
  2. New homes
  3. Florida
  4. Tampa Bay Area
  5. Sarasota County
  6. Sarasota
  7. 551 S Washington Dr, Sarasota, FL 34236