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Active - House for sale
551 S WASHINGTON DRIVE, Sarasota, FL
Facts & features
Why you’ll love it
Life on Lido Key is even better when the water and dolphins and manatee are in your backyard with St. Armands Circle is just steps from your door. Welcome to Lido Dreams, a nine-bedroom, nine-bath waterfront retreat that brings together spacious coastal living, exceptional entertaining spaces, and an established short-term rental operation. Built in 2024, this 5,500-square-foot residence offers room to gather without sacrificing privacy. All nine bedrooms feature ensuite baths, while an elevator connects the living levels for everyday convenience. The main living floor centers around an open kitchen, dining area, and inviting gathering space, complemented by a butler’s pantry and five guest suites. Upstairs, the expansive primary suite offers a separate sitting area, generous walk-in closet, and water views. Additional guest suites and a second laundry room make hosting extended stays effortless. Outside, a private heated pool and spa set the scene for afternoons at home, while the spacious rooftop deck provides another place to entertain, unwind, and enjoy the coastal surroundings. A five-car garage adds valuable space for vehicles, storage, and beach gear. Spend the morning at Lido Beach, stroll to dinner on the Circle, or enjoy a quiet evening overlooking the canal. Whether envisioned as a personal retreat, a gathering place for family and friends, or an income-producing property, Lido Dreams offers a compelling combination of location, scale, and versatility. Rental financials are available upon request. *not pictured: boat dock & deck and outdoor kitchen & shower to be included in asking price.
Listings courtesy of COMPASS FLORIDA LLC as distributed by MLS GRID.
Listed by: Tina Ellis • Tina.Ellis@compass.com • COMPASS FLORIDA LLC
Co-listed by: COMPASS FLORIDA LLC
Source: Stellar MLS as distributed by MLS GRID, MLS#: A4668634
Based on info available as of Nov 13, 2026 at 12:33 PM EST.
Come see by yourself
Affordability
$50,621/mo
- Mortgage$48,012
- Property tax$2,609
- HOA fee
- Homeowners insurance
Beycome estimates only. Actual amounts and terms vary by lender and location.
$189,900 Credit back
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Travel times
About Saint Armands Div John Ringling Estates
This local overview has been generated by Artur AI, for informational purposes only. Please verify all details independently before relying on it.
Flood & climate risk
FEMA Flood Zone AE
In a FEMA Special Flood Hazard Area — flood insurance is typically required with a federally-backed mortgage.
More details
Base flood elevation: 7 ft. Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.
Fire
Storm
Air quality
Pollen
Disclaimer
Based on information submitted to the MLS GRID as of Nov 13, 2026 at 12:33pm EST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Make a winning offer, and get up to
$189,900 Credit back
