Contact
Tell us about your needs

551 S WASHINGTON DRIVE

House For Sale
$9,495,000

BTC: 109.95946728

ETH: 3,245.04442925

70 days
Waterfront
9 bds
9 ba
5,493 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

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.

Location

Facts and features

Type:
Residential
Parking:
No Data
Year Built:
2024
Lot:
0.23 Acres
Heating:
Central
Price/sqft:
$1,729
Cooling:
Central Air
HOA:
No Data
All facts and features
  • Flooring

    • Engineered Hardwood

    Heating

    • Central

    Cooling

    • Central Air

    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 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)

    Bedrooms and bathrooms

    • Bedrooms: 9

    • Full bathrooms: 9

  • Property

    • Levels: Three Or More

    • Pool Private: Yes

    • Exterior Features: Balcony / Irrigation System / Lighting / Rain Gutters / Sliding Doors

    Lot

    • Lot: 0.23 Acres

    Other Property Information

    • Parcel Number: 2014130022

    • Zoning: RSF2

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Public

  • Other financial information

    • Annual tax amount: $31,312

  • Source details

    • MLS ID: A4668634

    Other facts

    • Construction Materials: Block

    • Foundation Details: Block

    • Laundry Features: Inside / Laundry Room

    • Pool Features: Heated / In Ground / Lighting

    • Direction Faces: East

    • Waterfront: Yes

    • Garage Spaces: 5

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 5493

    • Water Source: Public

    • Subdivision Name: SAINT ARMANDS DIV JOHN RINGLING ESTATES

Similar Homes

65 S Palm Ave # 1503, Sarasota FL 34236 placeholder 65 S Palm Ave # 1503, Sarasota FL 34236
1 days
For Sale
Condo/Co-op
$8,275,000
4 bds 4 ba 3,734 sqft
65 S Palm Ave # 1503, Sarasota FL 34236
259 ROBIN DRIVE placeholder 259 ROBIN DRIVE
2 days
For Sale
House
$8,900,000
3 bds 3 ba 4,078 sqft
259 ROBIN DRIVE
684 FREELING DRIVE placeholder 684 FREELING DRIVE
5 days
For Sale
House
$9,900,000
3 bds 3 ba 2,548 sqft
684 FREELING DRIVE
684 FREELING DRIVE placeholder 684 FREELING DRIVE
5 days
For Sale
Lots/Land
$9,900,000
0 room(s)
684 FREELING DRIVE
65 S PALM AVENUE UNIT 1503 placeholder 65 S PALM AVENUE UNIT 1503
12 days
For Sale
Condo/Co-op
$8,275,000
4 bds 4 ba 3,855 sqft
65 S PALM AVENUE UNIT 1503
526 N SPOONBILL DRIVE placeholder 526 N SPOONBILL DRIVE
14 days
For Sale
House
$8,800,000
5 bds 5 ba 5,287 sqft
526 N SPOONBILL DRIVE
1290 HIDDEN HARBOR WAY placeholder 1290 HIDDEN HARBOR WAY
21 days
For Sale
House
$11,975,000
5 bds 5 ba 6,079 sqft
1290 HIDDEN HARBOR WAY
3820 FLAMINGO AVENUE placeholder 3820 FLAMINGO AVENUE
21 days
For Sale
House
$8,395,000
4 bds 4 ba 4,775 sqft
3820 FLAMINGO AVENUE

The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: COMPASS FLORIDA LLC