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Courtesy of COMPASS FLORIDA LLC, Tina Ellis  Listing Contact: 941-279-3630 
For Sale

551 S WASHINGTON DR

551 S WASHINGTON DR, SARASOTA, FL 34236

$9,495,000
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.

9
beds

9
baths

5,493 Sq.Ft. LIVING AREA

9,884 Sq.Ft. lot

Features & Amenities

Interior

  • total bedrooms9
  • Total bathrooms9
  • full bathrooms9
  • Laundry room Inside, Laundry Room
  • Flooring Hardwood
  • APPLIANCES Built-In Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Ice Maker, Microwave, Range Hood, Refrigerator, Washer
  • other 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, Primary Bedroom Upstairs, Walk-In Closet(s)

Area & Lot

  • Status For Sale
  • Living Area5,493 Sq.Ft.
  • Total Area6,400 Sq.Ft.
  • Lot Area9,884 Sq.Ft.
  • MLS® IDA4668634
  • TypeResidential
  • YEAR BUILT2024
  • NeighborhoodLido Key/Lido Beach/St. Armand’s Circle
  • Water FrontageCanal - Saltwater, Canal Front

Exterior

  • STORIES3
  • Garage Space5.0
  • water SourcePublic
  • utilitiesPublic
  • PoolHeated, In Ground, Lighting
  • roofMetal
  • HEAT TYPECentral
  • AIR CONDITIONINGCentral Air
  • sewerPublic Sewer
  • SubstructureBlock
  • other exterior FeaturesBalcony, Lighting, Rain Gutters

Financial

  • Sales Price$9,495,000
  • Real Estate Tax $31,312/yr
  • Zoning RSF2
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Lido Key/Lido Beach/St. Armand’s Circle

Lido Key is comprised of three main areas: Lido Shores, St. Armand’s Circle and Lido Beach.

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