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313 LOOKOUT POINT DRIVE

House For Sale
$5,999,999

BTC: 93.74998437

ETH: 3,333.33277778

57 days
Waterfront
4 bds
4 ba
5,337 sqft

Overview

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.

Location

Details

Type:
Residential
Parking:
Covered / Driveway / Garage Door Opener / Ground Level / Guest
Year Built:
2016
Lot:
0.41 Acres
Heating:
Central
Price/sqft:
$1,124
Cooling:
Central Air
HOA:
$656

Valuation

Our model vs. what's actually selling nearby.
Estimate
$6,800,000
$3.6M – $9.7M
Confidence Low
List vs. estimate
$800K below estimate
List $5,999,999 · -11.8%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$1,124
+181.4% vs. city median $399
Based on
13 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$20,559
2025
HOA
$656/qtr
Pool
Chlorine Free
View
Water
Waterfront
Waterfront, Intracoastal Waterway
Garage
5 car garage
Furnished
Partially
Pets
Allowed
All facts and features
  • Flooring

    • Carpet

    • Ceramic Tile

    • Hardwood

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Bar Fridge

    • Built-In Oven

    • Cooktop

    • Dishwasher

    • Disposal

    • Dryer

    • Exhaust Fan

    • Freezer

    • Gas Water Heater

    • Ice Maker

    • Microwave

    • Refrigerator

    • Washer

    • Wine Refrigerator

    Other interior features

    • Ceiling Fan(s)

    • Central Vacuum

    • Crown Molding

    • Eating Space In Kitchen

    • High Ceilings

    • Living Room/Dining Room Combo

    • Open Floorplan

    • Primary Bedroom Main Floor

    • Thermostat

    • Walk-In Closet(s)

    • Wet Bar

    Bedrooms and bathrooms

    • Bedrooms: 4

    • Bathrooms: 1

    • Full bathrooms: 4

  • Parking

    • Covered

    • Driveway

    • Garage Door Opener

    • Ground Level

    • Guest

    Property

    • Levels: Two

    • Pool Private: Yes

    • Exterior Features: Balcony / Fire Pit / French Doors / Irrigation System / Lighting / Outdoor Grill / Rain Gutters / Sliding Doors / Storage

    Lot

    • Lot: 0.41 Acres

    Other Property Information

    • Parcel Number: 0158020017

    • Zoning: RSF2

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Single Family Residence

  • Utility

    • Street Lights

  • Other financial information

    • HOA: $656

    • HOA Frequency: Quarterly

    • Annual tax amount: $20,559

  • Source details

    • MLS ID: A4688995

    Other facts

    • Construction Materials: Stucco

    • Foundation Details: Slab / Stem Wall

    • Fireplace Features: Living Room

    • Laundry Features: Laundry Chute / Laundry Room

    • Lot Features: Near Marina / Street Dead-End

    • Patio And Porch Features: Front Porch / Patio

    • Pool Features: Chlorine Free / Heated / In Ground / Lighting / Salt Water

    • Direction Faces: Northeast

    • Other Structures: Cabana / Outdoor Kitchen

    • Waterfront: Yes

    • Fireplace: Yes

    • Garage Spaces: 5

    • Attached Garage: Yes

    • Garage: Yes

    • Living Area: 5337

    • Water Source: Public

    • Subdivision Name: SOUTHBAY YACHT & RACQUET CLUB

Private inquiry
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: MICHAEL SAUNDERS & COMPANY