At 13,661', Lookout Peak is among the highest 200 peaks in Colorado (known as the bicentennials). It is often remarked that Lookout Peak has a very fitting name as the views from the top extend far in every direction without obstruction. Although it is only three miles to a higher peak (U.S. Grant Peak), Lookout Peak's lineage follows the ridge divide of the Telluride section of the Sneffels Range all the way to the next higher peak, Gilpin Peak, 8.5 miles away, and over 12 miles away following the ridge. The saddle between Lookout Peak and U.S. Grant Peak at Ophir Pass is under 11,800', giving the south side of Lookout Peak nearly 1,900' of relief. This combined with the distance to its line parent, Lookout Peak stands out as a peak very much on its own despite a lack of literal topographic prominence. The northern side of the peak is near vertical in many places and the poor quality of rock in the area makes a ascent that stays entirely on the north side unreasonable. The book Colorado Scrambles by Dave Cooper has a section dedicated to this peak and provides some detail for the South Ridge Route.
Views from Columbine Lake on the peak's north side
View south toward Ice Lakes Basin from Lookout Peak
View west from Lookout Peak toward San Joaquin Ridge and Silver Mountain B
Access and Camping
Ouray or Silverton make excellent access points for Ophir Pass, less than 20 miles from either town. My preference is the KOA just north of Ouray, but many options exist for primitive camping without fees in the area.