$749,900
4842 + Lot 8 & 9 Nutmeg AvenueSarasota, FL 34231
Listing updated: November 12, 2026 at 2:34 PM ET
Listing courtesy of Coldwell Banker Realty · Veronica Lee · MLS #A4710437 · Active · 941-366-8070Property type
Year built
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
Rare 27,600 Sq. Ft. Sanctuary in Sarasota – Move-In Ready Home & Adjacent Double Lot! This is a rare opportunity to own a massive 0.63-acre footprint in the heart of Sarasota. This unique package deal includes the move-in-ready residence at 4842 Nutmeg Ave (situated on a 13,800 sq. ft. double lot) plus the adjacent double lot (Lots 8 & 9, also 13,800 sq. ft.). Tucked away on a dead-end street in Madison Park, this combined offering provides the space and privacy of a secluded retreat while keeping you minutes from Siesta Key’s famous quartz sands and the vibrant energy of Downtown Sarasota. There is also potential for additional footage: a petition for a Right-of-Way vacation could add approximately 6,000 sq. ft., potentially bringing your total estate to a sprawling 33,700 sq. ft. (0.77 acres). The residence itself is designed for comfort and style. Warm hardwood floors flow through an inviting living area with vaulted ceilings, leading to a modern kitchen outfitted with granite countertops, custom cabinetry, stainless steel appliances, and recessed lighting. The primary suite serves as a true escape, opening directly onto a private patio—the perfect spot for a morning coffee surrounded by greenery. With a brand-new roof (installed December 2023) and a new AC (2023), the home is truly turn-key. Outside, the possibilities are endless. With over 27,000 sq. ft. of land, you have the canvas to create an expansive private compound, a custom pool oasis, a guest house, or a lush tropical garden. Nature is literally at your doorstep. The property is positioned just moments from the 72-acre Red Bug Slough Preserve. You’ll have easy access to miles of shaded trails, a tranquil lake, a butterfly garden, a fishing pier, and picnic spots. It’s a slice of "Old Florida" living that is increasingly hard to find. Enjoy the best of the Gulf Coast from this central hub: Siesta Key Beach: 5 miles Sarasota Memorial Hospital: 4.5 miles Downtown Sarasota & the Bayfront: 6.5 miles Whether you are looking for a move-in-ready sanctuary with room to grow or a massive lot to build your dream estate, this double-parcel package offers an exceptional Sarasota lifestyle. Package Deal includes PIDs 87030036 and 87030038.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history20 days on market
- Status: ActiveOct 23, 2026
- Listed$749,900Oct 23, 2026
Facts & features
- Property type
- Residential
- Sub type
- Single Family Residence
- Status
- Active
- Days on market
- 20
- Subdivision
- Madison Park
- County
- Sarasota
- Year built
- 1984
- Living area
- 1,612 sq ft
- Price/sq ft
- $465
- Building area
- 1,802 sq ft (Public Records)
- Lot size
- 27,600 sq ft
- Lot category
- 1/2 to less than 1
- Flood zone
- X (12115C0142F)
- Annual taxes
- $4,530 (2025)
- Parcel #
- 0087030038 + 36
- Zoning
- RSF3
- MLS #
- A4710437
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Interior Details
- Bedrooms
- 3
- Full bathrooms
- 2
- Flooring
- Ceramic Tile, Laminate, Wood
- Appliances
- Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
- Interior features
- Ceiling Fans(s), High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Primary Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Stone Counters, Thermostat, Window Treatments
- Laundry
- Laundry Room
- Stories / Levels
- One
- Direction faces
- East
Heating & Cooling
- Heating
- Central, Electric
- Cooling
- Central Air
Parking
- Garage spaces
- 0
- Parking features
- Boat, Driveway, RV Access/Parking
- Carport
- Yes
HOA & Financial
- Total monthly fees
- None
- Total annual fees
- None
- CDD
- No
- Homestead exemption
- Yes
- Min lease term
- 1 Month
- Listing terms
- Cash, Conventional, FHA, VA Loan
- Ownership
- Fee Simple
- Available for lease
- Yes
- Lease restrictions
- No
Exterior & Construction
- Exterior features
- Rain Gutters, Storage
- Construction materials
- Frame, Wood Siding
- Roof
- Shingle
- Foundation
- Slab
- Road surface
- Concrete
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Cable Connected, Electricity Connected, Propane, Public, Sewer Connected, Water Connected
Schools
Letter grades: Florida DOE 2024–25 school grades (Orange, Seminole, Lake, Osceola, Brevard). Assigned schools from the listing agent — verify enrollment with the district.
Room Details
| Room | Level | Dimensions |
|---|---|---|
| Bedroom 2 | First | 10x13 |
| Bedroom 3 | First | 10x12 |
| Kitchen | First | 10x19 |
| Living Room | First | 16x26 |
| Primary Bathroom | First | |
| Primary Bedroom | First | 12x13 |
| Den | First | 13x14 |
Listing Details
- Listing date
- 2026-10-21
- On market date
- 2026-10-23
- Original list price
- $749,900
- Occupant type
- Vacant
- MLS area
- 34231 - Sarasota/Gulf Gate Branch
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-10-23
- Tax legal description
- LOTS 10 & 11 BLK C MADISON PARK + LOTS 8 & 9 BLK C MADISON PARK
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
Directions
From 41, head East on Proctor, before you get to Beneva, Right on Camphor Ave. Left on to Austin. Left on Nutmeg. Property is at the end of the dead-end street at the end on the left side.
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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of November 12, 2026 at 2:34 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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