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38 Morrisons Point Dr, Wedowee, AL, 36278

1beds
1baths
1,215sqft
$440,000
$362price/sqft
$2,954/moest. monthly cost
$118,160/yrincome needed

About This Home

Nestled on a rate and beautifully private 2-acre lake lot, this immaculately maintained lake home offers the perfect blend of peaceful living and breathtaking waterfront views. Located just 60 feet from the water's edge, you'll enjoy easy access to the lake by way of gorgeous stone steps leading down to the deck and private dock. The setting is quiet, serene and designed for relaxing lake days and unforgettable sunsets. In addition to the stunning home and property, the large detached shop offers endless possibilities and is already plumbed for a bathroom, making it ideal for conversion into a guest apartment, workshop or entertaining space. With hard to find acreage, beautiful shoreline access, and incredible views, this property is a true lakefront gem.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

5/10
Wedowee Middle SchoolGrades K-1,3-63.7 mi
3/10
Randolph Co High SchoolGrades 7-124.2 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 2005

Materials

  • Roof: Composition
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Country/Rustic
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Gas Water Heater,Oven/Range (Combo)
  • Laundry features: In Garage

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 1

Features

  • Master On Main Level
  • Flooring: Hardwood
  • Finished area below ground: 0
  • Finished area above ground: 1,215

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 1,215
  • Total interior livable area: 1,215 sqft

Property

Details

  • Parcel number: 0804190000004035

Features

  • Levels: Three Or More
  • Stories: 3
  • Exterior features: Dock
  • Has view: Yes
  • View description: Lake
  • Has water view: Yes
  • Water view: Lake
  • On waterfront: Yes
  • Waterfront features: Lake
  • Waterbody name: Lake Wedowee
  • Frontage type: Lakefront
  • Residential vegetation: Wooded

Lot

  • Lot size: 2 Acres
  • Features: Private,Sloped

Parking

  • Parking features: None

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tornado
    TornadoRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Tornado
Cold Wave
Hail
Inland Flooding
Lightning
Strong Wind
Wildfire

FEMA Declared Disasters Across Alabama Counties

Hurricane
Severe Storm
Straight Line Winds
Tornado
Tropical Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,224$26,688
Home Insurance *$391$4,692
Property Taxes $99$1,188
Electricity $240$2,881
Total$2,954$35,448
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$101,280/yr
40% on housing$88,620/yr
45% on housing$78,773/yr

Alabama FAIR Plan Programs

Alabama FAIR Plan

Covered
None
Add-on available
WildfireWildfire
Visit Website →

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.3%
11.3%
0%30.0%
Electricity Growth Rate10-year average: 6.0%
6.0%
0%15.0%
Property Taxes Growth Rate2-year average: 6.4%
6.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$362This listing

vs Other Active Listings

Avg $/sqft

ZIP 36278$197
Randolph County$173

vs Homes Sold Last Month

Median $/sqft

ZIP 36278
Randolph County$178

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-27Price change$440,000
2026-06-23Price change$445,000
2026-05-22Listed for sale$450,000

For Sale by Agent

AgentKylene Phelan
BrokerageFinch Realty Company

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