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551 S Washington Drive

Sarasota, FL 34236

8 beds
8 baths
4,778 sqft
8,800 sqft lot
$2,196 per sqft
2024 build
– on site

Welcome to Sunset Dreams—a spectacular new construction featuring nine bedrooms and nine bathrooms, perfectly positioned on Pansy Bayou Canal across from the historic St Armands Circle on Lido Key, FL. No expense was spared on this turn-key designer-furnished home offering unparalleled craftsmanship and modern design. The spacious layout with over 4,700 SF of indoor living and an additional 2,300 SF of covered outdoor living has been thoughtfully curated with exceptional attention to detail, including custom cabinetry and trim work throughout, designer lighting, hurricane-impact doors and windows, elevator, two laundry rooms, and five garage spaces offering plenty of room for parking and storage. Delight in the tranquility and beauty of your backyard oasis, complete with covered entertaining space and lounge overlooking the resort-style heated pool and spa with gorgeous views of the scenic canal that opens into Sarasota Bay. Take the stairs or elevator to the second floor, where you are greeted by a bright and cheery open-concept living area that perfectly blends elegance with a casual Florida style. The gourmet kitchen is a chef's dream, boasting top-of-the-line appliances, a massive island, custom cabinetry, and scullery, adding extra storage and a prep area. Each of the nine bedrooms is a private retreat with ensuite bathrooms showcasing spa-like finishes. The primary suite on the third level is truly opulent, with a beautifully appointed bathroom featuring a soaking tub, spa shower, large custom walk-in closets, and living room with a private deck overlooking the pool and canal. The focus is on breathtaking views and an abundance of natural light with all levels of the home offering generous decks, providing the perfect vantage point to savor the sights and sounds of beach life. For unparalleled panoramic views, head to the rooftop balcony/patio, where you can admire picturesque sunsets and revel in a 360-degree vista of the surroundings. Imagine your boat in your backyard, poised and ready for you to explore the open waters, or walk out your front door and wander the picturesque streets of St. Armands, lined with boutique shops, delicious restaurants, vibrant art festivals, and cultural events—all just a short stroll from some of the world’s most beautiful beaches. Whether you're seeking a prime investment property or your forever dream beach house, don't miss out on this fantastic opportunity to own a piece of paradise—your search ends here

Listing courtesy of STELLAR_MLS / MICHAEL SAUNDERS & COMPANY

Last checked: Checking… • Last updated Feb 26, 2025 •

MLS# A4631200 —

The Building

Year Built:

2024
New Construction:

true
Builder Model:

Custom
Builder Name:

Coral Cove
Construction Materials:

Block
Levels:

Three Or More
Stories Total:

2
Roof:

Metal
Foundation Details:

Block
Building Area Total:

8808
Building Area Units:

Square Feet
Building Area Source:

Builder

Interior

Interior Features:

Built-in Features
Furnished:

Turnkey
Flooring:

Porcelain Tile
Fireplace:

false

Room Dimensions

Living Area:

4778
Living Area Units:

Square Feet
Living Area Source:

Owner

Location

Directions:

Heading West on Fruitville Rd. At traffic circle take 3rd exit onto N Tamiami Trl. Right onto Gulf Stream Ave. Continue onto John Righting Sway. At St. Armands Cir Take the 2nd exit and stay on John Ringling Blvd. Left onto S Washington Dr. Home is on the right.
Latitude:

27.317089
Longitude:

-82.578725
Coordinates:

-82.578725, 27.317089

The Property

Parcel Number:

2014130022
Property Type:

Residential
Property Subtype:

Single Family Residence
Property Condition:

Completed
Lot Features:

City Lot
Lot Size Acres:

0.2
Lot Size Area:

8800
Lot Size SqFt:

8800
Lot Size Units:

Square Feet
Total Acres:

0 to less than 1/4
Zoning:

RSF2
Direction Faces:

Northeast
View:

Water
View:

true
Exterior Features:

Balcony
Fencing:

Fenced
Water Source:

Public
Road Surface Type:

Asphalt
Flood Zone Code:

AE
Flood Zone Panel:

12115C0129F
Additional Parcels:

false
Homestead:

false
Lease Restrictions:

true
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Lot:

27
Tax Block:

10
Tax Legal Description:

LOT 27 & SELY 5 FT OF LOT 28 BLK 10 ST ARMANDS DIV
Tax Book Number:

2-30
Tax Annual Amount:

30372.16

Beds

Bedrooms Total:

8

Baths

Total Baths:

8
Total Baths:

8
Full Baths:

8

The Listing

Virtual Tour URL Unbranded:

https://www.propertypanorama.com/instaview/stellar/A4631200
Virtual Tour URL Unbranded 2:

https://vimeo.com/1053433026
Special Listing Conditions:

None

Heating & Cooling

Heating:

Central
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

Cable Connected
Sewer:

Public Sewer

Appliances

Appliances:

Bar Fridge
Laundry Features:

Laundry Room

The Community

Subdivision Name:

SAINT ARMANDS DIV JOHN RINGLING ESTATES
Senior Community:

false
Waterview:

Bay/Harbor - Partial
Waterview:

true
Water Access:

Canal - Saltwater
Water Access:

true
Water Extras:

Seawall - Concrete
Water Body Name:

Pansey Bayou Canal
Waterfront:

true
Waterfront Features:

Canal - Saltwater
Spa:

true
Spa Features:

Heated
Pool Private:

true
Pool Features:

Gunite
Association:

false
Ownership:

Fee Simple
Waterfront Feet Total:

55

Parking

Garage:

true
Attached Garage:

true
Garage Spaces:

5
Carport:

false
Covered Spaces:

5

Monthly cost estimate

Asking price

$10,495,000

Expense	Monthly cost
Mortgage	$56,197
Taxes	$2,531
Insurance	$2,886
Utilities	$280 See report
Total	$61,894/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Max Internet Speed

Frontier

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
1/23/25 Jan 23, 2025	Price Changed	STELLAR_MLS	$10,495,000	0.4%
1/22/25 Jan 22, 2025	Listed / Active	STELLAR_MLS	$10,450,000	45.1%
2/19/24 Feb 19, 2024		STELLAR_MLS	$7,200,000

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This house located in Lido Key, Sarasota, FL 34236 is currently for sale for $10,495,000. 551 S Washington Drive is a 4,778 square foot house with 8 beds and 8 baths that has been on Estately for 41 days. 551 S Washington Drive is in the Lido Key neighborhood of Sarasota and has a WalkScore® of 68, making it somewhat walkable. This house is in the attendance area of Booker Middle School and Southside Elementary School.

Listing Courtesy of: STELLAR_MLS and MICHAEL SAUNDERS & COMPANY.

Based on information from the My Florida Regional MLS DBA Stellar MLS 2025.

All information provided is deemed reliable but is not guaranteed and should be independently verified. Stellar MLS, Estately and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Stellar MLS and Estately assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. For any questions please call (407) 499-8911.