Welcome to The Morrison House, a stunning waterfront retreat that blends modern luxury with a touch of historic charm. Nestled along a deep-water canal just minutes from the Gulf of Mexico, this 4-bedroom, 3 ½ bath, 2, 812 SF home offers a rare opportunity to embrace the ultimate Sarasota lifestyle. Originally built in 1996 and extensively updated through 2014, the primary residence is a showcase of current design, featuring soaring ceilings, expansive open spaces, and every modern convenience. Complementing this is the adjoined 1940s-era original cottage, a beautifully renovated gem that adds historic charm, making this property truly one of a kind. As you step inside, the grandeur of the modern home takes center stage. The open floor plan flows effortlessly from room to room, with abundant natural light streaming through oversized windows. The chef’s kitchen is a true showstopper, featuring premium two-toned cabinetry, sleek stone countertops, a custom range hood, and top-of-the-line appliances, including a wall-mounted oven and sleek cooktop. Adjacent to the kitchen, the spacious great room is perfect for gatherings, with large sliding doors opening onto the outdoor patio, seamlessly blending indoor and outdoor living. The luxurious primary suite is a private sanctuary designed for relaxation. Boasting an elegant, spa-inspired bath with chic finishes and a soaking tub, this space exudes tranquility. A private study adds versatility and makes this suite a perfect retreat.
The expansive outdoor living area features a sparkling pool and spa, surrounded by landscaping that ensures privacy and serenity. A private dock, complete with boat lift, provides deep-water access just a few lots away from the pass and Gulf of Mexico beyond. While the modern home shines, the property’s historic portion, known as The Morrison House, adds a unique layer of character. This charming 1940s cottage has been carefully preserved and integrated into the property, offering a cozy space perfect as a guesthouse or extension of your living area. With its heart pine floors, original cedar paneling, and vintage fireplace, it’s a delightful nod to Sarasota’s rich history. The local historic designation also brings significant advantages, including relaxed building codes, exemption from FEMA’s 50/50 rule, and tax incentives for further renovations—allowing you to personalize the property to your exact vision without compromising its integrity. In 2024, the home demonstrated remarkable resilience, weathering a hurricane and tropical storms with minimal impact. While some flooding occurred, immediate professional remediation was completed, and repairs are underway to restore the property to pristine condition. With quotes finalized, you have two exciting options: purchase now as-is at an incredible price and personalize the finishing touches, or wait for permitting and renovations to be completed and secure the home at a future higher price. With a seller-provided 2-year home warranty for peace of mind, this property is an incredible opportunity to own a resilient and beautifully updated coastal retreat. Use it as a spacious primary residence, scalable for your lifestyle, or make it your dream vacation retreat, located minutes from the powdery sands of Siesta Key Beach and vibrant Siesta Key Village. With a low 7-day minimum rental policy, it’s also perfect for the charming bed-and-breakfast you’ve always dreamed of owning. Schedule your private showing today.
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$2,195,000
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 | $1,756,000 | $1,756,000 | $1,756,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.148% | 6.748% | 6.786% |
Monthly Tax Payment | $1,446 | $1,446 | $1,446 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $11,536 | $11,244 | $15,418 |
Total Monthly Payment | $13,107 | $12,815 | $16,989 |
* 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.