IDX

Listed by Tina Ellis · Courtesy of COMPASS FLORIDA LLC · 941-279-3630 · Agent MLS ID# MFR281540634 · Deemed reliable but not guaranteed. · Listing updated: Nov 10, 2026 · 12:01 AM

Active

551 S WASHINGTON DR

Sarasota, Sarasota, FL, 34236

$9,495,000

$1,729/sqft

9Beds
9Baths
5,493Sq Ft
2024Built
333Days on Market

About this home

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.

Facts & Features

MFRA4668634
$9,495,000
Active
9
9
9
0
5,493 sqft
0.2300
2024
Residential
Single Family Residence
N/A

Community Information

551 S WASHINGTON DR
Saint Armands Div John Ringling Estates
Sarasota
Sarasota
FL
34236
No

Amenities

N/A
N/A
No
Yes
Yes

Interior

Ceiling Fans(s), High Ceilings, Open Floorplan, Walk-In Closet(s), Eat-in Kitchen, L Dining, Living Room/Dining Room Combo, Kitchen/Family Room Combo, Elevator, PrimaryBedroom Upstairs, Built-in Features
Central
Central Air
Hardwood
N/A
N/A
Built-In Oven, Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Refrigerator, Washer, Electric Water Heater, Freezer, Range Hood

Exterior

Rain Gutters, Lighting, Balcony
Block
Block
Metal
N/A
N/A

School Information

N/A
N/A
N/A

Additional Information

October 15, 2025
333
RSF2
East
Yes

Mortgage Calculator

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$
%
Years
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This calculator provides estimates for informational purposes only and is not a loan offer, pre-approval, or commitment to lend. Actual rates, payments, and loan terms vary by lender and are subject to credit approval, income/asset verification, and market conditions. Property tax and homeowners insurance shown are estimates and may differ. PMI applies when the down payment is under 20%. For an official Loan Estimate, contact a licensed mortgage lender. COMPASS FLORIDA LLC is a licensed real estate brokerage, not a mortgage lender. Equal Housing Opportunity.

333 days on market

Listing updated: Nov 10, 2026 · 12:01 AM

Listed by: Tina Ellis · 512-550-1117—COMPASS FLORIDA LLC · 941-279-3630

Updated from Real Estate Market Data

Location

AEAhmed ElbatrawyEmpire Network Realty

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