REMODEL IN PROGRESS | BAY/GULF ACCESS | NO 50-FEMA RULES | RELAXED BUILDING CODES | 7-DAY RENTALS
Step into a piece of Siesta Key history with The Morrison House, a charming Key West-style home nestled on one of the island’s most coveted canals. Located just 15 minutes from the open Gulf and a short distance to Sarasota Bay, this property is a boater’s paradise offering direct water access and beach access just a 10-minute walk away at the end of Shell Road. Originally built in the 1940s as part of the island’s original fishing village, the home underwent significant expansions in 1995 and later updates between 2007 and 2014. Featuring 3 bedrooms, 3. 5 baths, and a versatile loft, this spacious home is ideal for hosting family and friends. With its historic designation and in-city limits, the property comes with unique benefits, including 7-day rental approval, relaxed building codes, and exemption from the FEMA-50 rule, giving you unparalleled flexibility for remodeling or expansion.
Recent updates include a new pool pump, repaired dock lift, a new electrical panel, a second AC system, and completed remediation, with mold testing confirming no presence of mold. The home is ready for your vision—whether restoring its heart pine floors and vintage architectural details or modernizing with premium finishes, the possibilities are endless. Outside, enjoy a working pool and spa, and a private dock with a lift, offering the ultimate coastal lifestyle. Picture yourself crafting a personalized retreat where you can relax in your custom-designed outdoor space, entertain with serene canal views, or take your boat directly to the Gulf for adventures.
With its prime location, historical charm, and boater-friendly features, The Morrison House is more than a home—it’s an opportunity to create a luxurious waterfront escape that blends timeless character with modern comforts. Don’t miss this rare chance to own a piece of Siesta Key’s past while living the waterfront lifestyle of your dreams.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,300,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
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** | 6.750% | 6.625% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.545% | 6.748% | 6.932% |
Monthly Tax Payment | $1,669 | $1,669 | $1,669 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,934 | $11,782 | $16,282 |
Total Monthly Payment | $13,728 | $13,576 | $18,076 |
* 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.