551 S WASHINGTON DRIVE, Sarasota, FL 34236

• 9 beds |
• 9 baths |
• 5,493 sqft

Property Description

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 Status:

Active

Date Added:

October 15, 2025 at 05:00AM

Listing Office:

COMPASS FLORIDA LLC : 941-279-3630

Listing Agent:

Tina Ellis : 512-550-1117

MLS ID:

A4668634

Interior

• General: Built-in FeaturesCeiling Fans(s)Eat-in KitchenElevatorHigh CeilingsKitchen/Family Room ComboL DiningLiving Room/Dining Room ComboOpen FloorplanPrimaryBedroom UpstairsWalk-In Closet(s)
• Appliances: Built-In OvenDishwasherDisposalDryerElectric Water HeaterFreezerIce MakerMicrowaveRange HoodRefrigeratorWasher
• Laundry: InsideLaundry Room
• Flooring: Hardwood
• A/C: Central Air
• Heating: Central

Exterior

• General: BalconyLightingRain GuttersSliding Doors
• Pool: HeatedIn GroundLighting

Construction

• Roofing: Metal
• General: BlockThree Or More

Location

• Road/Access: Concrete
• Originating MLS: mfrmls
• County: Sarasota

Lot

• Zoning: RSF2LOT 27 & SELY 5 FT OF LOT 28 BLK 10 ST ARMANDS DIV2014130022

Utilities

• Utilities: Public
• Water: Public
• Sewer: Public Sewer

Financial

• Source: mfrmls
• Ownership: Fee Simple

This listing courtesy of Tina Ellis, COMPASS FLORIDA LLC