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551 S WASHINGTON Drive
SARASOTA FL 34236 US

$9,495,000

Active Listing ID A4668634
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9 bed
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5,493 square feet
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9.00 Bath (9 Full)
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Lot: 0.23 Acres
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Single Family Residence

$9,495,000

Active Listing ID A4668634
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551 S WASHINGTON Drive 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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Property Features

  • Facts
  • Lot Size: 0.23 Acres
  • Property Type: Residential
  • Property Sub-type: Single Family Residence
  • Features
  • Full Bathrooms: 9
  • Cooling System: Central Air
  • Exterior Finish: Balcony, Lighting, Rain Gutters
  • Floor Covering: Hardwood
  • Roof Type: Metal
  • Heating Fuels: Central
  • Additional Features
  • Pool
  • Waterfront

Property

  • propertytype: Residential
  • propertysubtype: Single Family Residence
  • listprice: 9495000
  • unparsedaddress: 551 S WASHINGTON Drive
  • postalcity: SARASOTA
  • stateorprovince: FL
  • country: US
  • postalcode: 34236
  • bathroomsfull: 9
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.23
  • lotsizeunits: Acres
  • lotsizearea: 0.23
  • livingarea: 5493
  • livingareaunits: Square Feet
  • latitude: 27.317089
  • longitude: -82.578725
  • listagentfullname: Tina Ellis
  • listagentemail: tina.ellis@compass.com
  • listagentkey: 3yd-MFRMLSFL-281540634
  • listagentmlsid: 281540634
  • listagentpreferredphone: 5125501117
  • listagentofficephone: 5125501117
  • listofficekey: 3yd-MFRMLSFL-274501900
  • listofficemlsid: 274501900
  • disclaimer: Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MFRMLSFL
  • yearbuilt: 2024
  • listingcontractdate: 2025-10-15
  • listagenturl: https://www.compass.com/
  • countyorparish: Sarasota
  • parcelnumber: 2014130022
  • appliances: Built-In Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Ice Maker, Microwave, Range Hood, Refrigerator, Washer
  • cooling: Central Air
  • constructionmaterials: Block
  • flooring: Hardwood
  • heating: Central
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 3
  • parkingtotal: 0
  • roof: Metal
  • waterfrontyn: True
  • franchiseaffiliation: None
  • interiorfeatures: 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)
  • exteriorfeatures: Balcony, Lighting, Rain Gutters
  • rooms: Bathroom 5, Bedroom 5, Bedroom 8, Bathroom 4, Bathroom 2, Bathroom 6, Bedroom 4, Bedroom 1, Family Room, Bathroom 7, Bathroom 9, Bedroom 9, Bathroom 8, Bedroom 2, Bedroom 7, Bathroom 3, Bedroom 3, Bedroom 6, Dining Room, Bathroom 1
  • accessibilityfeatures: Accessible Elevator Installed
  • dock: False
  • poolprivateyn: True
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -82.57873, 27.31709
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Compass", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"tina.ellis@compass.com", "ListBrokerageCity":"FL", "ListBrokerageCountry":"US", "ListBrokerageEmail":"brokerfl@compass.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Compass", "ListBrokeragePhone":"(305) 851-2820", "ListBrokeragePostalCode":"33139", "ListBrokerageStateOrProvince":"FL", "ListBrokerageUnitNumber":"7th Floor", "ListBrokerageUnparsedAddress":"605 Lincoln Road", "ListBrokerageWebsiteUrl":"https://www.compass.com/", "ListOfficeAddress1":"1575 Main Street", "ListOfficeAddress2":"7th Floor", "ListOfficeBrokerMlsId":"274501900", "ListOfficeCity":"Sarasota", "ListOfficeCountry":"US", "ListOfficeEmail":"mlsfl@compass.com", "ListOfficePostalCode":"34236", "ListOfficeStateOrProvince":"FL", "ListPriceCurrencyType":"USD", "ListingTitle":"Residential, SARASOTA, FL", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/551-S-Washington-Dr_Sarasota_FL_34236_M54619-70824?f=listhub&s=MFRMLSFL&m=A4668634&c=rexren", "MLSModificationTimestamp":"2026-11-10 00:01:13", "Neighborhoods":[{"Description":null, "Name":"SAINT ARMANDS DIV JOHN RINGLING ESTATES"}], "PostalCode":null, "RoomCount":5, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":31312, "TaxDescription":"LOT 27 & SELY 5 FT OF LOT 28 BLK 10 ST ARMANDS DIV", "TaxYear":"2024"}], "UnitNumber":null, "UnparsedAddress":null}
  • GarageSpaces: 5
Listing Changed: 11/14/2026 6:45:45 AM GMT
Source Updated Date: 11/15/2026 12:49:26 AM GMT

Courtesy of: Tina Ellis, COMPASS FLORIDA LLC, tina.ellis@compass.com

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.