Active
$9,495,000
Est. $56,877/mo

551 S Washington Dr, Sarasota, FL, 34236

$1,729/sqft·Saint Armands DIV John Ringling Estates

9 bd9 ba5,493 sqft5 car garageSingle Family
Listed by COMPASS FLORIDA LLC· Last updated · MLS# A4668634

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Est. monthly payment
$56,877/mo
Down payment (20%)
$1,899,000
Property taxes
$2,609/mo
Rate assumed
6.8% · 30 yr
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At a glance

Single family
Built 2024
Waterfront
Canal - Saltwater
Private pool
Heated
5 car garage
9,884 sqft lot
Lot size

About this home

Built-in FeaturesCeiling Fans(s)Eat-in KitchenElevatorHigh CeilingsKitchen/Family Room ComboL DiningLiving Room/Dining Room Combo

551 S Washington Dr is a 2024-built home in Saint Armands DIV John Ringling Estates, Sarasota. Inside you'll find 9 bedrooms, 9 bathrooms, and 5,493 square feet of living space. Listed at $9,495,000 (about $1,729/sqft), 182 days on market. Flood zone AE - confirm flood insurance requirements with your lender.

From the listing

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.

The essentials

Built
2024
Price / sqft
$1,729
On market
331 days
Annual tax
$31,312
Flood zone
AE
Lot
9,884 sqft
Type
Single Family Residence

Location

551 S Washington Dr
Sarasota, FL, 34236·34236 - Sarasota
Type
Single Family Residence
Year Built
2024
Lot
9,884 sqft
Cooling
Central Air
Heating
Central
Parking
-
Pool
Heated, In Ground, Lighting
Waterfront
Canal - Saltwater, Canal Front
Days on Market
331
Built-in Features
Ceiling Fans(s)
Eat-in Kitchen
Elevator
High Ceilings
Kitchen/Family Room Combo
L Dining
Living Room/Dining Room Combo
Open Floorplan
Primarybedroom Upstairs
Walk-in Closet(s)
Balcony
Lighting
Rain Gutters
Sliding Doors
Built-in Oven
Dishwasher
Disposal
Dryer
Electric Water Heater
Freezer
Ice Maker
Microwave
Range Hood
Refrigerator
Washer
Homestead exemption on fileFlood Zone AE

Annual Tax (2024)

$31,312

Parcel #

2014130022

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision

Saint Armands DIV John Ringling Estates

County

Sarasota

MLS Area

34236 - Sarasota

Lot Size

9,884 sqft

Date
Event
Price
10/15/2025
Listed for sale
Source: Stellar MLS #A4668634
$9,495,000
$1,729/sqft
Est. monthly payment$56,877/mo
Principal & interest$49,520
Property taxes$2,609
Insurance$4,748
Down payment20% · $1,899,000
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Offer Insights

Choose an offer strength

List price: $9,495,000
$9.16M – $9.49M
96.5% – 100% of listTops out right at the list price
80% of listList price
27 of the last 52 home closings in 34236 landed at this number or higher (52%). The median one sat 94 days before it went under contract, and this one is on day 331.

Sample: 52 closed home sales in 34236 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

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