ActiveMLS# MFR772602206391 days on market
$9,495,000
$1,729 / sq ft
551 S WASHINGTON DR
SARASOTA, FL, 34236
9Bedrooms
9Bathrooms
5,493Sq Ft
2024Year Built
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About This Property

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.

Key Features

  • 9,884 Square Feet Lot
  • Built in 2024

Property Details

  • Type: Single Family Home
  • Year Built: 2024
  • Lot Size: 9,884 sq ft
  • Sq Ft: 5,493
  • Price / Sq Ft: $1,729
  • HOA: Contact Agent
  • Bedrooms: 9
  • Bathrooms: 9
  • Feature: 9,884 Square Feet Lot
  • Feature: Built in 2024
  • Status: Active
  • MLS Number: MFR772602206
  • Days on Market: 391
  • Listed By: COMPASS FLORIDA LLC · Tina Ellis
  • Zip Code: 34236
Listing information © 2026 Miami MLS. Information deemed reliable but not guaranteed. This listing is represented by TruDeals Realty at 0.5% seller commission. Buyer's agent commission is separate and negotiable.
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$9,495,000551 S WASHINGTON DR, SARASOTA, FL
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