Southbay Yacht & Racquet Club is a lovely deed restricted/non gated waterfront community in Osprey, Sarasota County. Located along Little Sarasota Bay, it is truly a place to live if people cannot decide whether they want country living or waterfront living. Therefore, Southbay is ideal because homeowners can enjoy both worlds. What a deal!
Almost 360 homes are in Southbay. Some are located on the Intracoastal Waterway. Some are surrounding the 7 acre marina, and many homes are on manicured park like greenbelt areas. The amenities are manifold: clubhouse with ballroom, exercise room with a sauna, and a library. Furthermore, a park with five miles of winding sidewalks for walking/running/ biking, deep-water marina with 172 slips for boats up to 55’ and access to the Gulf of Mexico via the Intracoastal Waterway, shuffle board courts, a 50’ heated swimming pool, and four lighted tennis courts (“sport clay” and asphalt).
Most of the homes were built in the 70’s or 80’s. Some of them really need major remodeling; others have already been nicely updated. In 2005 the prices used to be in the jaw dropping $415,000 to $1,900,000 range ($219 to $624/sqft), but 2011 prices are way down. The majority of the homes sell now for $170,000 to $430,000, which translates into a sqft price of $101 - $158. This seems a lot more affordable than it used to be a few years ago.
More Info: www.finehomesinsarasota.com