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$4,590,000

275 LOOKOUT POINT DRIVE, OSPREY, FL 34229

3D Tour
Active12 days on market

Beds

5

Baths

5

Sq Ft

5,279 sq ft

Year Built

2007

Lot Size

0.38 acres

Garage

3

About This Property

Experience exceptional waterfront living in Southbay Yacht & Racquet Club at this expansive custom John Cannon residence offering more than 5,200 square feet, 5 bedrooms, 5 baths and sweeping panoramic water views from both levels. Set along more than 135 feet of waterfront, the home was thoughtfully designed to embrace its remarkable setting, with soaring ceilings, generous expanses of glass and beautifully proportioned indoor and outdoor living spaces overlooking the bay and Intracoastal Waterway. A completely reimagined front drive and all-new landscaping create a striking first impression and a fresh, refined coastal presence. Beyond the grand double-door entry, the home immediately opens to dramatic water views, drawing the eye through the interior and out toward the horizon. Ceilings rising to approximately 21 feet enhance the sense of scale, while a series of inviting living and entertaining spaces allow the home to feel equally suited for intimate evenings or larger gatherings. The kitchen serves as the heart of the residence, anchored by a substantial granite island and complemented by a gas cooktop with pot filler, while views stretch beyond the pool to the water. A full bar and dedicated wine room enhance the main level, with an additional wet bar upstairs for effortless entertaining throughout the home. Privately positioned on the main level, the primary suite is a serene waterfront retreat with a sitting area, two generous closets and an expansive bath. Additional downstairs bedrooms are thoughtfully located on the opposite side of the residence, creating privacy and separation for family and guests. Upstairs, either an office or a fifth bedroom offers an elevated and inspiring setting for work or quiet retreat, with access to the upper terrace and its sweeping water views. From both floors, the landscape of water and sky becomes part of the experience of the home. Outdoor living is equally memorable. A heated pool and spa, covered and screened entertaining areas, outdoor kitchen, fireplace, expansive terraces and private dock create a seamless connection between the residence and the waterfront. Mornings begin with peaceful views across the water, afternoons unfold poolside, and evenings are defined by the colors of sunset. Southbay Yacht & Racquet Club offers one of the area's most distinctive boating lifestyles. Its community-owned deep-water marina accommodates vessels up to 55 feet, allowing residents to walk or take a golf cart from home to their boat. Community amenities include a renovated clubhouse, geothermal pool, fitness center overlooking the marina, tennis and pickleball courts, bocce, shuffleboard, basketball, kayak storage, a waterfront park, approximately 20 acres of common grounds and miles of walking trails. Perfectly positioned between Sarasota and Venice and convenient to Siesta Key, Nokomis Beach, the Legacy Trail, Pine View School, waterfront dining, shopping and Oscar Scherer State Park, 275 Lookout Point is a compelling blend of scale, setting and lifestyle—a substantial waterfront residence with panoramic views, private outdoor living and direct access to the heart of Southbay’s boating community.

Property Overview

Property TypeResidential
Sub TypeSingle Family Residence
MLS #A4707430
StatusActive
Year Built2007
Stories2
Total Rooms11
ConstructionCement Siding, Stucco
RoofConcrete, Tile
FoundationSlab, Stem Wall
FacesEast
SubdivisionSOUTHBAY YACHT & RACQUET CLUB
CountySarasota
OwnershipFee Simple

Interior Features

InteriorBuilt-in Features, Ceiling Fan(s), Crown Molding, Eating Space In Kitchen, High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Thermostat, Walk-In Closet(s)
FlooringCarpet, Ceramic Tile
AppliancesBuilt-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
LaundryInside, Laundry Room
CoolingCentral Air
HeatingCentral, Electric, Exhaust Fan, Propane
FireplaceYes ()

Exterior & Lot

ExteriorBalcony, French Doors, Hurricane Shutters, Lighting, Sliding Doors
Lot Size0.38 acres (16,709 sq ft)
Lot FeaturesLandscaped, Near Marina
Road SurfacePaved
ViewWater

Pool & Spa

Private PoolYes
Pool FeaturesHeated, In Ground, Lighting
SpaHeated, In Ground

Waterfront

WaterfrontYes
FeaturesIntracoastal Waterway

Utilities

WaterPrivate, Public
SewerPublic Sewer
UtilitiesBB/HS Internet Available, Cable Available, Cable Connected, Electricity Available, Electricity Connected, Fiber Optics, Propane, Sewer Available, Sewer Connected, Street Lights, Underground Utilities, Water Available, Water Connected

Parking

GarageYes (3 spaces)

HOA & Community

HOAYes
HOA Fee$656 / Quarterly
Senior CommunityNo

Financial Details

List Price$4,590,000
Annual Taxes$17,826 (2025)
ZoningRSF2
Parcel #0158070010

Schools

ElementaryLaurel Nokomis Elementary
MiddleLaurel Nokomis Middle
HighVenice Senior High

Directions

Take 41 to Blackburn Point Road. Southbay Yacht & Raquet Club will be on your left, go straight through first stop sign, take a right on Harbor House Drive, take a left onto Lookout Point Drive and it will be on your right.

Location

275 LOOKOUT POINT DRIVE, OSPREY, FL 34229

Listing Information

OfficeMICHAEL SAUNDERS & COMPANY
ListedOctober 1, 2026

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Home Price

$4,590,000

20% ($918,000)
6.75%

Loan Term

Principal & Interest$23,817
Property Tax (est.)$4,208
Insurance (est.)$150
Total Monthly$28,174
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Nearby Schools

Financing a Luxury Home

Specialized financing for this $4,590,000 property in OSPREY. Luxury purchases typically require jumbo or portfolio lending.

💎

Jumbo Loan

$459,000 Down

For homes exceeding conforming loan limits. Typically requires 10-20% down, strong credit, and reserves.

🎖️

VA Jumbo

$0 Down

VA-eligible borrowers can go above conforming limits with zero down in many cases.

🏦

Portfolio Loan

$688,500 Down

Held by the lender, not sold. Flexible terms for high-net-worth buyers with non-traditional income.

🔑

Bridge Loan

$918,000 Down

Short-term financing to buy before selling. Ideal for move-up buyers in competitive markets.

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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. 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. Data last updated: October 13, 2026.

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