Property Photos
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  • MLS#: A4668634 ( Residential )
  • Street Address: 551 Washington Drive
  • Viewed: 96
  • Price: $9,495,000
  • Price sqft: $1,484
  • Waterfront: Yes
  • Wateraccess: Yes
  • Waterfront Type: Canal - Saltwater,Canal Front
  • Year Built: 2024
  • Bldg sqft: 6400
  • Bedrooms: 9
  • Total Baths: 9
  • Full Baths: 9
  • Garage / Parking Spaces: 5
  • Days On Market: 61
  • Additional Information
  • Geolocation: 27.3171 / -82.5787
  • County: SARASOTA
  • City: SARASOTA
  • Zipcode: 34236
  • Subdivision: Saint Armands Div John Ringlin
  • Provided by: COMPASS FLORIDA LLC
  • Contact: Tina Ellis
  • 941-279-3630
  • mfrmls
  • DMCA Notice
  • 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, youll 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, youll 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 chefs 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. Its 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. Dont 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.
Property Features
Waterfront Description
  1. Canal - Saltwater
  2. Canal Front
Appliances
  1. Built-In Oven
  2. Dishwasher
  3. Disposal
  4. Dryer
  5. Electric Water Heater
  6. Freezer
  7. Ice Maker
  8. Microwave
  9. Range Hood
  10. Refrigerator
  11. Washer
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
Country
  1. US
Covered Spaces
  1. 0.00
Exterior Features
  1. Balcony
  2. Lighting
  3. Rain Gutters
  4. Sliding Doors
Flooring
  1. Hardwood
Garage Spaces
  1. 5.00
Heating
  1. Central
Insurance Expense
  1. 0.00
Interior Features
  1. Built-in Features
  2. Ceiling Fans(s)
  3. Eat-in Kitchen
  4. Elevator
  5. High Ceilings
  6. Kitchen/Family Room Combo
  7. L Dining
  8. Living Room/Dining Room Combo
  9. Open Floorplan
  10. PrimaryBedroom Upstairs
  11. Walk-In Closet(s)
Legal Description
  1. LOT 27 & SELY 5 FT OF LOT 28 BLK 10 ST ARMANDS DIV
Levels
  1. Three Or More
Living Area
  1. 5493.00
Area Major
  1. 34236 - Sarasota
Net Operating Income
  1. 0.00
New Construction Yes / No
  1. Yes
Occupant Type
  1. Tenant
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 2014130022
Pool Features
  1. Heated
  2. In Ground
  3. Lighting
Property Condition
  1. Completed
Property Type
  1. Residential
Roof
  1. Metal
Sewer
  1. Public Sewer
Tax Year
  1. 2024
Township
  1. 36S
Utilities
  1. Public
Views
  1. 96
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/A4668634
Water Source
  1. Public
Year Built
  1. 2024
Zoning Code
  1. RSF2
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