551 S Washington DRIVE, Sarasota, FL, 34236 | $10,495,000

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

Features

  • Rooms: 12
  • Bedrooms: 9
  • Baths: 9 full
  • Laundry: Laundry Room
  • Year Built: 2024
  • Garage: 5-car
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 4,778
  • Acreage: 0.2
  • Est. Taxes: $30,372
  • Lot Desc: City Lot
  • View: Water
  • Pool: Gunite, Heated, In Ground
  • Appliances: Bar Fridge, Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Wine Refrigerator
  • MLS#: A4631200
  • Days on Market: 18 days
  • Website: https://www.raveis.com
    /eprop/A4631200/551swashingtondrive_sarasota_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is 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. (last updated 2/17/2025 12:47:07 PM)
Listing courtesy of MICHAEL SAUNDERS & COMPANY   Phone: 941-896-9981

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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  • Provides a guaranteed closing date that meets your needs
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Yokadi MejiaInsurance Sales Director, William Raveis Insurance

561.335.7966

Yokadi.Mejia@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

551 S Washington DRIVE, Sarasota, FL, 34236

$10,495,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

RVP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 917.838.7300

Melissa.Cohn@raveis.com

NMLS Mortgage Loan Originator ID 16953

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $8,396,000 $8,396,000 $8,396,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.875% 6.625% 6.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.148% 6.748% 6.701%
Monthly Tax Payment $2,531 $2,531 $2,531
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $55,156 $53,761 $73,138
Total Monthly Payment $57,812 $56,417 $75,794

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.