551 S Washington Drive, Lido Key, FL 34236

$9,495,000
9
BD
9
BA
5,493
SqFt

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List Price
$9,495,000
Status
Active
MLS#
A4668634
Property Type
Single Family
Bedrooms
9
Bathrooms
9
Living Area
5,493
Lot Size
9,884
Region
Sarasota
Area
5493
County
Sarasota
Acres
0.23
Year Built
2024

Property Description

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.

Additional Information

Roof
Metal
Land Type
No Deed Restriction
Appliances
Built-In Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Ice Maker, Microwave, Range Hood, Refrigerator, Washer
Zoning
RSF2
Lot Size
9,884
Construction
Block
Year Built
2024
Sewer
Public Sewer
New Construction
Yes
Heating
Central
Subdivision
St Armands Division
Water
Boatable Water
Living Area
5,493
Style
Three+ Story
Pool
Yes
Waterfront
Canal - Saltwater, Canal Front

Listing courtesy of COMPASS FLORIDA LLC. 941-279-3630

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