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$9,495,000

Active

551 S Washington Dr, Sarasota, FL 34236

9 beds Β· 9 baths Β· 5,493 sq ft

Listing courtesy of COMPASS FLORIDA LLC Β· MLS# A4668634

391 days on market

Refreshed from the Stellar MLS feed . This listing’s MLS record last changed .

About this home

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.

Facts

Property type
Single Family Residence
Year built
2024
Bathrooms
9 full
Living area
5,493 sqft
Lot size
0.23 acres
Waterfront
Yes
Private pool
Yes
Exposure
East
Flood zone
AE
CDD
No
55+ community
No
Annual taxes
$31,312/yr
Listed
Oct 15, 2025
MLS #
A4668634

Estimate the monthly payment

Estimate by Lasbury Tracy Realty β€” not a loan offer

Starting figures for 551 S WASHINGTON DR. Everything below is editable.

AssumptionNot a quoted rate. Ask a lender what you actually qualify for today.

From this listingThe seller's most recent annual tax bill as reported to the MLS. Your bill will differ β€” Florida reassesses on sale and homestead caps reset.

Editable estimateA placeholder, not a quote. On the Gulf Coast this is the line item most likely to be wrong: premiums swing on roof age, wind mitigation, elevation, and carrier appetite. Get a real quote before you rely on this number.

Starts at $0Deliberately zero until you enter a figure β€” we will not inflate a payment with a guess. Many homes here need it; ask us for the property's flood zone and the current policy's premium.

Include condo, HOA, and master-association dues. CDD assessments usually arrive on the tax bill instead.

AssumptionNot applied β€” your down payment is 20% or more.

Estimated total monthly payment

$58,534

$48,012 of that is principal & interest. 18% is taxes, insurance and fees β€” which is why those inputs matter more here than the rate does.

Principal & interest
$48,012
Property taxes
$2,609
Homeowners insurance
$7,913
Flood insurance
$0
HOA / condo fees
$0
Mortgage insurance (PMI)
$0
Total per month
$58,534

Over the life of the loan

Loan amount
$7,596,000
Down payment
$1,899,000
Total interest
$9,688,279
Principal + interest paid
$17,284,279
Paid off in
2056

Interest is the exact schedule total for a fixed-rate loan held to term and assumes no extra payments. Taxes, insurance and fees are not included in these lifetime figures because they change every year.

Calculated on this page from the figures above β€” nothing is sent anywhere and no lender is quoting you. Figures are estimates for planning only, not a pre-approval, commitment to lend, or a statement of the taxes and insurance you will actually be charged. Lasbury Tracy Realty Inc. is a real estate brokerage, not a lender or an insurance agent.

Take a tour

Pick a day that suits you β€” a licensed Lasbury Tracy agent confirms personally, usually within minutes. No account needed.

551 S Washington Dr, Sarasota, FL 34236

Listing courtesy of COMPASS FLORIDA LLC Β· MLS# A4668634 Β· Active

How would you like to see it?
Which day?
What time of day?

In person Β· Tue, Nov 10 Β· Midday (12-3)

No account, no obligation. Prefer to talk? (941) 474-5585

Where this home is

Opens on aerial β€” on this coast the canal, the lot and the neighbours answer more questions than a street grid does.

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Listing information is provided in part by Stellar MLS, as distributed by MLS GRID. Based on information submitted to the MLS as of Nov 10, 2026, 12:41 PM (ET). All data is obtained from various sources and may not have been verified by broker or MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.

Lasbury Tracy Realty Inc. Β· [email protected]