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551 S WASHINGTON DR
551 S WASHINGTON DR
551 S WASHINGTON DR
551 S WASHINGTON DR
551 S WASHINGTON DR
551 S WASHINGTON DR
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VIEW PHOTOS
$9,495,000

551 S WASHINGTON DR

9 Beds 9 Baths 5,493 Sq.Ft.

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.

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Location

551 S WASHINGTON DR, SARASOTA, FL 34236

Status

For Sale

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Property Amenities

Interior
Laundry room Inside, Laundry Room
Appliances Built-In Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Ice Maker, Microwave, Range Hood, Refrigerator, Washer
Flooring Hardwood
Total Bedrooms: 9
Full Bathrooms: 9
Other Interior Features 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, Primary Bedroom Upstairs, Walk-In Closet(s)
Area & Lot
Total area 6,400 Sq.Ft.
Lot Area 9,884 Sq.Ft.
Living area 5,493 Sq.Ft.
MLS® ID A4668634
Year Built 2024
Water Frontage Canal - Saltwater, Canal Front
Type Residential
Status For Sale
Exterior
Stories 3
Pool Heated, In Ground, Lighting
Air conditioning Central Air
Heat type Central
Water Source Public
Garage Space 5.0
Sewer Public Sewer
Other Exterior Features Balcony, Lighting, Rain Gutters, Sliding Doors
Roof Metal
Utilities Public
Finance
Sales Price $9,495,000
Real Estate Tax $31,312 yearly

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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Thank you for your interest in 551 S WASHINGTON DR, SARASOTA, FL 34236. We are reviewing your request and will be in touch shortly!

Sarasota

27.3365° N, 82.5310° W

Work With Us

Suncoast Group is dedicated to helping you find your dream home and assisting with any selling needs you may have. Contact them today so they can guide you through the buying and selling process.

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