Listing Details for MLS #A4521845
297 Lookout Point Drive, Osprey Fl 34229, Osprey, Fl

Residential Property - Single Family Residence in Osprey

SOLD for $3,900,000 on February 16, 2022

Listing Price: $3,948,500Sold Price: $3,900,000Sold Price/List Price: 99%Days on Market: 7

Description of Property

Considered one of the finest community-owned marinas on the west coast of Florida, Southbay Yacht & Racquet Club features a 7-acre, deep-water boat basin that will accommodate kayaks, jet skis, sailboats, powerboats, catamarans and yachts up to 55 feet in length. With a 6-foot depth at mean low tide, the marina can accommodate 175 boats owned by its residents. In Southbay, the HOA fees are only $408 per quarter, and it is so affordable to keep your boat in a slip that includes water and electric. With Sarasota Bay in the backyard and the marina in the front yard, this beautifully renovated two-story home features four bedrooms, three full baths, a dedicated office and it’s located on one of the few waterfront streets in the community. The residence, which has stunning views from every room, boasts volume tray ceilings, French oak plank flooring, deep profile millwork, spacious, open rooms, floor-to-ceiling windows, a lovely entertainment kitchen that services a breakfast area, a family room and a bonus room that can be used for fitness, home theater, billiards or gaming. The primary suite, which is located on the ground floor, offers lots of privacy and features a newly renovated spa-style bath with marble-lined frameless glass shower, dual furniture-grade vanity cabinets, a deep soaking tub, heated and back-lit mirrors and large-format floor and wall tile. This oversized bedroom features a sitting area overlooking the bay and has two walk-in closets. Upstairs there are three guest bedrooms with water views, and each features a walk-in or large reach-in closet. Outside, the bedrooms are a guest vestibule that can be used for reading, surfing the internet or enjoying board games. Also located on the second level is a large, second bonus room that can be used for private storage, seasonal holiday displays, hobby room or studio. This home is ready for move-in, with a three-car garage, backup generator, multilevel brick paver patio, raised decking, a circular driveway and mature landscaping with royal palms and live oaks. Southbay Yacht & Racquet Club features a newly renovated clubhouse that overlooks the marina. Inside, there’s a 99-person ballroom with catering kitchen and dance floor, community room with kitchen, piano and entertainment area, a fitness room with aerobic and strength training equipment, a card room, library and meeting room. The community also has a geothermal, heated pool, a youth pool, covered outdoor patios with furniture, three tennis courts, four pickleball courts, a bocce ball court, two shuffleboards courts, basketball court, kayak storage area, a waterfront park, 20 acres of common ground and 5 miles of winding sidewalks. The development is golf cart friendly and the community hosts weekly, monthly and multiple annual events, plus there’s even a Power and Sail Club. You’ll love living in this waterfront home and this special community.The average asking price for a 4 bedroom/3 bath single family residence in this Zip code is $1,972,500. This single family residence is listed at about 200% of the average asking price. This is the only 4 bedroom/3 bath single family residence between $3,400,000 and $4,400,000 currently listed for sale in this Zip code.