$100, 000 REDUCTION | BOATERS DREAM | REMODEL READY | FEMA-50 RULE EXEMPTION | 7 DAY RENTALS | RELAXED BUILDING CODES | Step into a piece of Siesta Key history and envision the luxury lifestyle that awaits you at The Morrison House. Nestled along one of the island’s most coveted canals, just 15 minutes from the open Gulf and a short distance to Sarasota Bay, this property offers a rare opportunity to create your dream waterfront retreat. With recent 6-inch flood damage, the home is ready for a remodel, and thanks to its historically designated status (in city limits), it comes with a few unique advantages: 7 day rental periods, no 50-FEMA rule and more relaxed building codes, giving you the freedom to customize or expand without typical restrictions.
THE FOLLOWING REPAIRS HAVE BEEN COMPLETED:
- NEW POOL PUMP
- REPAIRED DOCK LIFT
- NEW ELECTRICAL PANEL
- NEW AC #2/2
- REMEDIATION COMPLETE
- MOLD RESULTS POSITIVE NO MOLD PRESENT
Originally built in the 1940s by Delbert Morrison as part of the original fishing village, the home was significantly remodeled in 1995 to include a spacious bedroom suite and expanded living room. The interior was remodeled again between 07' and 14'. Featuring 3 bedrooms, 3. 5 baths, and a versatile loft, it's ideal for hosting family and friends in your future coastal escape. Outside, you'll find a working pool and spa, along with a boat dock and lift, offering direct water access for boating. Additionally, the property includes beach access, just a 10-minute walk away at the end of Shell Rd, perfect for enjoying the sun and sand of Siesta Key’s pristine shores.
Imagine transforming this Key West-style historic home into a luxurious waterfront escape that blends timeless character with modern elegance. Whether you preserve its heart pine floors and vintage architectural details or opt for a contemporary update, the possibilities are endless. Set on prime waterfront land, the home invites you to create a personalized haven where you can enjoy serene canal views and quick access to the Gulf for your boating adventures.
With its unbeatable location, working pool and spa, beach access, and historical significance, The Morrison House offers not just a property but an opportunity to craft a luxury lifestyle. Picture yourself relaxing in your custom-designed outdoor space, entertaining guests with the backdrop of the canal, or soaking in breathtaking sunset views. This is more than just a home—it’s your chance to own a piece of Siesta Key’s past while living the waterfront life of your dreams. Don’t miss this rare opportunity! | *One or more Photo(s) has been virtually staged.
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William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,840,000 | $1,840,000 | $1,840,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | $1,669 | $1,669 | $1,669 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,782 | $11,782 | $16,155 |
Total Monthly Payment | $13,576 | $13,576 | $17,949 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.