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Overview

9 bd9 ba5,493 sqft5 car garageSingle Family
TypeSingle Family
HOANone listed
Built2024
Lot9,884 sqft
Living area5,493 sqft
Price / sqft$1,729
Garage5 car

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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), 395 days on market. Flood zone AE - confirm flood insurance requirements with your lender.

From the listing

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.

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The essentials

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

At a glance

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

Payment

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

Details

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
395
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
Built-in Oven
Dishwasher
Disposal
Dryer
Electric Water Heater
Freezer
Ice Maker
Microwave
Range Hood
Refrigerator
Washer
Homestead exemption on file Flood 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

Price history

Date
Event
Price
10/15/2025
Listed for sale
Source: Stellar MLS #A4668634
$9,495,000
$1,729/sqft

Neighborhood

551 S Washington Dr
Sarasota, FL, 34236 · 34236 - Sarasota

Market insights

Offer Insights

Choose an offer strength

List price: $9,495,000
$9.12M – $9.49M
96% – 100% of listTops out right at the list price
80% of listList price
40 of the last 79 home closings in 34236 landed at this number or higher (51%). The median one sat 72 days before it went under contract, and this one is on day 395.

Sample: 79 closed home sales in 34236 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

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.

Quick answers.

Price

$9,495,000

$1,729 per sq ft

Beds and baths

9 beds, 9 baths

Size

5,493 sq ft

Time on market

395 days

Year built

2024

Monthly payment

About $56,877/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $31,312 annual tax bill, insurance.

Flood zone

Zone AE

That is a high-risk designation, so a lender will normally require flood insurance. Confirm the current rate before you write an offer.

Offer

What should I offer?

Have another question?

Brokered byCOMPASS FLORIDA LLCListing agent: Tina EllisListing data from Stellar MLS, MLS# A4668634.

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