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Overview

4 bd5 ba5,337 sqft5 car garageSingle Family
TypeSingle Family
HOA$656/qtr
Built2016
Lot17,967 sqft
Living area5,337 sqft
Price / sqft$993
Garage5 car

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

Ceiling Fans(s)Central VaccumCrown MoldingEat-in KitchenHigh CeilingsLiving Room/Dining Room ComboOpen FloorplanPrimary Bedroom Main Floor

313 Lookout Point Dr is a 2016-built home in Southbay Yacht & Racquet Club, Osprey. Inside you'll find 4 bedrooms, 5 bathrooms, and 5,337 square feet of living space. Listed at $5,299,999 (about $993/sqft), 187 days on market. Flood zone AE, X - confirm flood insurance requirements with your lender. HOA runs $656 quarterly.

From the listing

Bring your yacht. This is Sarasota waterfront living at its most refined. First time on the market, this custom-built John Cannon estate is perfectly positioned within Southbay Yacht & Racquet Club—one of Sarasota’s most exclusive waterfront communities offering a true private yacht club lifestyle within the neighborhood. With a deep-water marina reserved for residents, accommodating vessels up to 55 feet, and direct access to the Intracoastal Waterway and Gulf of Mexico, this is a setting designed for those who expect seamless access to life on the water. Privately situated on a homesite surrounded by water on two sides, the property offers a rare level of exposure and presence. From your outdoor living spaces, the backdrop is ever-changing—boats moving through the marina, dolphins just beyond your dock, and unobstructed sunsets that define the end of each day. Inside, the residence is a study in craftsmanship and comfort, where rich wood detailing carries throughout—from the staircase to the ceilings in the main living areas and extending into the outdoor spaces—creating a warm, architectural continuity rarely seen. Walls of impact-rated windows and doors bring in natural light while offering peace of mind, while expansive sliders pocket away completely—creating a perfect expression of Florida living with seamless indoor-outdoor flow and unobstructed sunset views across the bay. The kitchen is both striking and highly functional, appointed with Wolf and Miele appliances, dual Sub-Zero refrigerators, a warming drawer, two sinks, and a concealed pantry, all complemented by generous storage and oversized closets throughout the home. A fireplace anchors the main living space, adding warmth and ambiance. Designed for real life as beautifully as it is for entertaining, the home also features a thoughtfully designed mudroom off the garage entry, creating an organized and functional transition into the home. Outdoor living is equally elevated and designed for year-round enjoyment. Electronic roll-down screens allow you to fully enjoy the outdoor kitchen, complete with a propane grill and hood, sink, and composite cabinetry. Just beyond, a propane-fed fire pit creates the perfect setting for evenings by the pool. The separate air-conditioned poolside cabana offers stunning bayfront views and is equipped with its own refrigerator and ice maker—ideal for entertaining or creating a private retreat for guests. The floor plan is thoughtfully designed, offering 4 bedrooms, 4.5 baths, a private office, upstairs lounge, and expansive laundry room—balancing everyday livability with elevated design. For collectors and enthusiasts, the 5-car garage with 9,000 lb lift provides exceptional capacity, while the 110-foot private dock with jet ski lift delivers a level of waterfront utility that is increasingly rare. Southbay Yacht & Racquet Club offers a curated lifestyle with a private marina, clubhouse, fitness center, heated pool, tennis and pickleball courts, and walking trails—all within minutes of Casey Key, where pristine beaches, waterfront dining, and relaxed coastal elegance define the surrounding area. This is a property that stands apart. Compare it to anything else on the market and the value is clear. Priced to sell, with a motivated seller.

The essentials

Built
2016
Price / sqft
$993
On market
187 days
Annual tax
$20,559
HOA
$656/qtr
Flood zone
AE, X
Lot
17,967 sqft
Type
Single Family Residence

At a glance

Single family
Built 2016
Waterfront
Intracoastal Waterway
Private pool
Heated
5 car garage
Covered
0.41 acres
Lot size

Payment

Est. monthly payment
$32,224/mo
Down payment (20%)
$1,060,000
Property taxes
$1,713/mo
HOA
$656/qtr
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Single Family Residence
Year Built
2016
Lot
17,967 sqft
Cooling
Central Air
Heating
Central
Parking
Covered, Driveway, Garage Door Opener, Ground Level, Guest
Pool
Chlorine Free, Heated, In Ground, Lighting, Salt Water
Waterfront
Intracoastal Waterway, Marina in Community
Days on Market
187
Ceiling Fans(s)
Central Vaccum
Crown Molding
Eat-in Kitchen
High Ceilings
Living Room/Dining Room Combo
Open Floorplan
Primary Bedroom Main Floor
Thermostat
Walk-in Closet(s)
Wet Bar
Balcony
Fire Pit
Lighting
Outdoor Grill
Rain Gutters
Storage
Street Lights
Bar Fridge
Built-in Oven
Cooktop
Dishwasher
Disposal
Dryer
Exhaust Fan
Freezer
Gas Water Heater
Ice Maker
Microwave
Refrigerator
Washer
Wine Refrigerator
Elementary
Laurel Nokomis Elementary
Middle
Laurel Nokomis Middle
High
Venice Senior High

Districts can re-zone, so verify directly with the district before relying on these.

Homestead exemption on file Flood Zone AE, X
Annual Tax (2025)
$20,559
Parcel #
0158020017

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
Southbay Yacht & Racquet Club
County
Sarasota
MLS Area
34229 - Osprey
Lot Size
17,967 sqft
Near MarinaStreet Dead-EndPaved
HOA
$656/qtr
Southbay Yacht & Racquet Club

Price history

Date
Event
Price
10/6/2026
Price change
Source: Stellar MLS #A4688995
$5,299,999-11.7%
$993/sqft
4/6/2026
Listed for sale
Source: Stellar MLS #A4688995
$5,999,999
$1,124/sqft

Neighborhood

313 Lookout Point Dr
Osprey, FL, 34229 · 34229 - Osprey

Market insights

Offer Insights

Choose an offer strength

List price: $5,299,999
$5.05M – $5.30M
95.2% – 100% of listTops out right at the list price
80% of listList price
35 of the last 66 home closings in 34229 landed at this number or higher (53%). The median one sat 35 days before it went under contract, and this one is on day 187 after a $700,000 cut.

Sample: 66 closed home sales in 34229 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$32,224/mo
Principal & interest$27,642
Property taxes$1,713
Insurance$2,650
HOA$219
Down payment20% · $1,060,000
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%. HOA is the fee reported on the listing. 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

$5,299,999

$993 per sq ft

Beds and baths

4 beds, 5 baths

Size

5,337 sq ft

Time on market

187 days

Year built

2016

Monthly payment

About $32,224/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $20,559 annual tax bill, insurance, and the $656/qtr HOA fee.

HOA fee

$656/qtr

Managed by Southbay Yacht & Racquet Club.

Flood zone

Zone AE, X

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?

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Brokered byMICHAEL SAUNDERS & COMPANYListing agent: Natalie GutweinListing data from Stellar MLS, MLS# A4688995.

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