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Osprey 34229 Southbay Yacht and Racquet Club
234 Lookout Point
$450,000
● House - Off Market

234 Lookout Point

OSPREY, FL 34229
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,788 Ft²
$1,092,829
RealtyHop Estimate
99.06%
Since Nov 1, 2008
National-US
Primary Model

About This Property

This new barrel tile roof really adds to the value and curb-appeal of this spacious Southbay pool home.   You will love the flow of the well-designed floor plan, soaring ceilings and the fresh neutral paint.  You can move right in to this barely lived-inclassic home.  Southbay is a fantastic boating community with a deep water marina, elegant clubhouse, huge pool and tennis courts.  Live the Life in Florida!
Unit Size
2,788 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$197
Property Type
House
Property Taxes
$332
HOA Dues
$101
Year Built
1988

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Stellar MLS #A381413)

Price History

Date / Event Date Event Price
Jun 4, 2015 Sold
Premium
Sold
Jun 9, 2014 Sold
Premium
Sold
Oct 20, 2008 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 1
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 4
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 11
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 484
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 125

    Dimensions

  • Lot Size Square Feet: 12,000
  • Lot Size Frontage Feet: 10
  • Total Building Area: 3,272
  • Gross Building Area: 3,272
  • Building Area: 2,788
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,788
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SOUTHBAY YACHT & RACQUET CLUB
  • Land Acres: 0000000276
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: LOT 269 SOUTHBAY YACHT & RACQUET CLUB

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: A055 G054 W056
  • Census Tract: 002102

Zoning

  • Zoning: RSF2

Geography

  • Assessors Map Reference: 32C
  • Account Number: 0158080027
  • Subdivision Tract Number: 1854
  • Parcel: 0158-08-0027
  • Lot: 269
  • Meridian: SEC 15 TWN 38S RNG 18E
  • Municipality: SARASOTA COUNTY
  • Latitude: 27.1721
  • Longitude: -82.4854

    Address

  • Full Address: 234 Lookout Point Dr
  • Address - House Number: 234
  • Address - Street Name: Lookout Point
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Osprey
  • Carrier Code: R001
  • 4-Digit Zip Code: 9738
  • Zip Code: 34229

Valuation

    Tax

  • Total Area: 3,705
  • Tax Year: 2023
  • Tax Amount: $624,638
  • Tax Rate Code Area: 0100

    Appraisal Valuation

  • Standard Deviation: 0.1931
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 74
  • Final Value: 1,163,907
  • High Value: 1,388,729
  • Low Value: 939,085

    Market Valuation

  • Market Total Value: $875,400
  • Market Land Value: $324,000
  • Market Improvement Value: $551,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $540,629

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 29, 2015
  • Current Sale Recording Date: Jun 04, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2015068960
  • Previous Sale Recording Date: Jun 09, 2014
  • Previous Sale Contract Date: Jun 05, 2014
  • Previous Sale Amount: $550,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Southbay Yacht and Racquet Club

Stats & Trends

Median Asking:

$1,135,000

Sale Price/ft²

$433

Below Asking

0.05%

Average Days on Market

86

Average Home Size

3459 ft²

Average Home Age

32.7 years

Currently For Sale

7 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 260 Hidden Bay Drive, OSPREY, FL, 34229

$4,395 /mo

  • 3 Beds
  • 2 Baths
  • 2,168 ft²
260 Hidden Bay Drive #401, OSPREY, FL, 34229 Listing by Jaime Barcelo

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Edie Lomason
Horizon Realty International
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# A381413
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 234 Lookout Point Drive built and last sold?
The property at 234 Lookout Point Drive was built in 1988 and last sold on May 29, 2015 for $590,000.
How much is this home worth?
The estimated value of the home located at 234 Lookout Point Drive is $613,095.
What are some comparable homes to 234 Lookout Point Drive?
There are currently no comparable homes to 234 Lookout Point Drive.
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