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$9,495,000

551 S Washington Drive Sarasota, FL 34236 • Residential - Single Family • Active

  • 551 S Washington Drive, Sarasota, FL 34236 Main Photo

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Description

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.

Property Highlights

Property Type: Residential - Single Family
Cooling: Central Air
Garage: 5 car attached
Heating: Central
Lot Size: 0.23 Acres
Roof Type: Metal
Stories: 3.0
Taxes: $31,311
Year Built: 2024

General Information

Bedrooms: 9
Bathrooms: 9 Full
Sqft: 5,493
County: Sarasota
Subdivision: SAINT ARMANDS DIV JOHN RINGLING ESTATES
Listed By:
Tina Ellis COMPASS FLORIDA LLC 941-279-3630

Amenities

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)
Balcony
Lighting
Rain Gutters

Property Features

Appliances: Built-In Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Ice Maker, Microwave, Range Hood, Refrigerator, Washer
Days on Site: 392
Directions: Tamiami N, Merge onto Gulfstream Ave, At St Armand, 2nd exit, Left on Washington Dr.
Exterior: Block
Flood Zone Code: AE
Flooring: Hardwood
Foundation: Block
Home Warranty Y/N: No
Lot Dimensions: 0.23
Other Equipment: Irrigation Equipment
Ownership: Fee Simple
Pool: Heated, In Ground, Lighting
Property Attached Y/N: No
Property Sub-Type: Single Family Residence
Sewer: Public Sewer
Showing Instructions: Appointment Only
Special Sale Provisions: None
Swimming Pool: Yes
Utilities: Public
Water: Public
Water Access Y/N: No
Waterfront Features: Canal - Saltwater, Canal Front
Zoning: RSF2
$9,495,000
9beds
9.0baths
5,493sqft
5cars
Active
BEDS9 BATHS9 full SQUARE FEET5,493 MLS#A4668634
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONSAINT ARMANDS DIV JOHN RINGLING ESTATES

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551 S Washington Drive, Sarasota, FL 34236.

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Estimated Payment

$ 37,403.67 per month $32,025.04 Principal & Interest $2,609.25 Property Tax $2,769.38 Homeowner's Insurance

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About this area

Florida/Sarasota
Sarasota

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About Sarasota

Sarasota, FL is a cultural gem. Once home to the Ringling Brothers Circus, Sarasota boasts a rich arts scene that brings people from all over the area to enjoy world-class theater, music, and other performing arts. Sarasota is also a haven with spectacular scenery, turquoise water and white sandy beaches. It offers a delightful downtown with a variety of small boutiques and exceptional restaurants. With its dynamic culture and arts scene and incredible natural beauty, Sarasota is a wonderful place to call “home.” 

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