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$9,495,000

551 S Washington Drive Sarasota, FL 34236 Residential - Single Family Active

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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.

Property Highlights

Property Type: Residential - Single Family
Cooling: Central Air
Garage: 5 car attached
Heating: Central
Lot Size: 0.23 Acres
Roof Type: Metal
Stories: 3.0
Taxes: $31,311
Year Built: 2024

General Information

Bedrooms: 9
Bathrooms: 9 Full
Sqft: 5,493
County: Sarasota
Subdivision: SAINT ARMANDS DIV JOHN RINGLING ESTATES
Listed By:
Tina Ellis COMPASS FLORIDA LLC 941-279-3630

Amenities

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

Property Features

Appliances: Built-In Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Ice Maker, Microwave, Range Hood, Refrigerator, Washer
Days on Site: 151
Directions: Tamiami N, Merge onto Gulfstream Ave, At St Armand, 2nd exit, Left on Washington Dr.
Exterior: Block
Flood Zone Code: AE
Flooring: Hardwood
Foundation: Block
Home Warranty Y/N: No
Lot Dimensions: 0.23
Other Equipment: Irrigation Equipment
Ownership: Fee Simple
Pool: Heated, In Ground, Lighting
Property Attached Y/N: No
Property Sub-Type: Single Family Residence
Sewer: Public Sewer
Showing Instructions: Appointment Only
Special Sale Provisions: None
Swimming Pool: Yes
Utilities: Public
Water: Public
Water Access Y/N: No
Waterfront Features: Canal - Saltwater, Canal Front
Zoning: RSF2
$9,495,000
9beds
9.0baths
5,493sqft
5cars
Active
BEDS9 BATHS9 full SQUARE FEET5,493 MLS#A4668634
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONSAINT ARMANDS DIV JOHN RINGLING ESTATES

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551 S Washington Drive, Sarasota, FL 34236.

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Estimated Payment

$ 37,403.67 per month $32,025.04 Principal & Interest $2,609.25 Property Tax $2,769.38 Homeowner's Insurance

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About this area

Florida/Sarasota
Sarasota

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About Sarasota

Sarasota, FL is a cultural gem. Once home to the Ringling Brothers Circus, Sarasota boasts a rich arts scene that brings people from all over the area to enjoy world-class theater, music, and other performing arts. Sarasota is also a haven with spectacular scenery, turquoise water and white sandy beaches. It offers a delightful downtown with a variety of small boutiques and exceptional restaurants. With its dynamic culture and arts scene and incredible natural beauty, Sarasota is a wonderful place to call “home.” 

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