551 S WASHINGTON DRIVE

$9,495,000

9

Beds

9

Baths

5,493 ft2

Property Size

A4668634

MLS ID#

About The Property

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.

Listing updated: April 16, 2026 at 01:40pm

Listed by Realtor: Tina Ellis

Listed by office:  COMPASS FLORIDA LLC

Source: Stellar MLS

Property Details

Listing Id: A4668634
Price: $9,495,000
Property Size: 5,493 ft2
Property Lot Size: 0 ft2
Rooms: 5
Bedrooms: 9
Bathrooms: 9
BathroomsFull: 9
BuildingAreaTotal: 6400
ConstructionMaterials: Block
ContractStatusChangeDate: 2025-10-15
Cooling: Central Air
CoveredSpaces: 5
CumulativeDaysOnMarket: 182
DaysOnMarket: 182
DirectionFaces: East
Directions: Tamiami N, Merge onto Gulfstream Ave, At St Armand, 2nd exit, Left on Washington Dr.
Flooring: Engineered Hardwood
FoundationDetails: Block
GarageSpaces: 5
Heating: Central
InternetAddressDisplayYN: 1
InternetAutomatedValuationDisplayYN: 1
InternetConsumerCommentYN: 1
LaundryFeatures: Inside, Laundry Room
Levels: Three Or More
List Agent AOR: Sarasota - Manatee
List Agent Name: Tina Ellis
List Office Name: COMPASS FLORIDA LLC
List Office Phone: 941-279-3630
ListingContractDate: 2025-10-15
LivingAreaSource: Public Records
LivingAreaUnits: Square Feet
LotSizeArea: 9884
LotSizeSquareFeet: 9884
LotSizeUnits: Square Feet
MLSAreaMajor: 34236 - Sarasota
MlsStatus: Active
ModificationTimestamp: April 16, 2026 at 01:40pm
OnMarketDate: 2025-10-15
OriginalEntryTimestamp: October 15, 2025 at 09:17pm
OriginalListPrice: 9495000
OriginatingSystemKey: stellar
OriginatingSystemName: Stellar MLS
Ownership: Fee Simple
ParcelNumber: 2014130022
PhotosChangeTimestamp: April 16, 2026 at 01:47pm
PhotosCount: 98
PoolFeatures: Heated, In Ground, Lighting
PostalCode: 34236
PostalCodePlus4: 1725
PropertyCondition: Completed
RoadSurfaceType: Concrete
Roof: Metal
Sewer: Public Sewer
SourceSystemKey: 772602206
SpecialListingConditions: None
StateOrProvince: FL
StatusChangeTimestamp: April 16, 2026 at 01:40pm
StreetDirPrefix: S
StreetName: WASHINGTON
StreetNumber: 551
StreetNumberNumeric: 551
StreetSuffix: DRIVE
TaxAnnualAmount: 31311.51
TaxBlock: 10
TaxBookNumber: 2-30
TaxLegalDescription: LOT 27 & SELY 5 FT OF LOT 28 BLK 10 ST ARMANDS DIV
TaxLot: 27
TaxYear: 2024
Utilities: Public
WaterSource: Public
WaterfrontFeatures: Canal - Saltwater, Canal Front
YearBuilt: 2024
Zoning: RSF2

Amenities and Features

Appliances
Built-In Oven
Other Features
1
balcony
Built-in Features
Ceiling Fan(s)
Dishwasher
Disposal
Dryer
Eating Space In Kitchen
Electric Water Heater
Elevator
Freezer
Garage Attached
Has Cooling System
Has Garage
Has Heating System
Has Pool
Has Waterfront
High Ceilings
Ice Maker
Irrigation System
Kitchen/Family Room Combo
L Dining
Lighting
Living Room/Dining Room Combo
Microwave
New Construction
Open Floorplan
PrimaryBedroom Upstairs
Rain Gutters
Range Hood
Refrigerator
Sliding Doors
Walk-In Closet(s)
Washer

Don Albo

middle management
Member of: Remax Association

Map Location

Property Map

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Payment Calculator

$48,682.74
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
  • Private Mortgage Insurance
$ 36,813.99

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Disclaimer

MLS # ID - A4668634

Listing information provided through the IDX program is deemed reliable but is not guaranteed accurate by Stellar MLS or the listing broker. All data is subject to errors, omissions, changes in price, prior sale, or withdrawal without notice.

The information displayed is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or renting. All measurements, square footage, and property details are approximate and should be independently verified.

Listings marked with the IDX logo are provided courtesy of Stellar MLS. © Stellar MLS. All rights reserved.

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