551 S WASHINGTON DRIVE, SARASOTA, FL 34236

Description of 551 S WASHINGTON DRIVE, SARASOTA, FL 34236

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 Details for 551 S WASHINGTON DRIVE, SARASOTA, FL 34236

Bathrooms Full

9

Bathrooms Half

0

Interior Features

Built-in Features, Ceiling Fan(s), Eating Space In Kitchen, Elevator, High Ceilings, Kitchen/Family Room Combo, L Dining, Living Room/Dining Room Combo, Open Floorplan, PrimaryBedroom Upstairs, Walk-In Closet(s)

Appliances

Built-In Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Ice Maker, Microwave, Range Hood, Refrigerator, Washer

Flooring

Engineered Hardwood

Heating

Central

Cooling

Central Air

Garage Spaces

5

Attached Garage

Yes

Pool Features

Heated, In Ground, Lighting

Pool Private

Yes

Property Condition

Completed

Direction Faces

East

Building Information for 551 S WASHINGTON DRIVE, SARASOTA, FL 34236

Building Area Total

6400

Building Area Units

Square Feet

Association

No

Property Information for 551 S WASHINGTON DRIVE, SARASOTA, FL 34236

Lot Size Square Feet

9,884

Waterfront

Yes

Waterfront Features

Canal - Saltwater, Canal Front

View

No

Construction Materials

Block

Roof

Metal

Exterior Features

Balcony, Irrigation System, Lighting, Rain Gutters, Sliding Doors

Sewer

Public Sewer

Water Source

Public

New Construction

Yes

Public Records for 551 S WASHINGTON DRIVE, SARASOTA, FL 34236

Parcel Number

2014130022

Tax Annual Amount

$31,312

Tax Year

2024

Tax Legal Description

LOT 27 & SELY 5 FT OF LOT 28 BLK 10 ST ARMANDS DIV

Zoning

RSF2

County Or Parish

Sarasota

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