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3 Beds
2 Baths
1,612 sqft

$749,900

4842 + LOT 8 & 9 NUTMEG AVE, SARASOTA FL, 34231

Price per sqft$465.20
Built in1984
Property size1,612 sqft
Property typeResidential
Courtesy of COLDWELL BANKER REALTY, Veronica Lee  Listing Contact: 941-366-8070

Overview

Active

Listed Oct 23, 2026

Updated 11h ago

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.

$4,989/mo

Est. mortgage payment based on a $749,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
A4710437

Interior Features

Bedrooms
3
Bathrooms
2
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.63 Acres

Other Property Details

Taxes
$4,530
Tax Frequency
Annually
Association Fee Frequency
Monthly
View
Yes
Municipality
37
55+/Senior Community
No

Listings courtesy of Stellar MLS as distributed by MLS GRID

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor MG Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Properties displayed may be listed or sold by various participants in the MLS. 

Based on information submitted to the MLS GRID as of 1:49 PM UTC on 11/13/2026. 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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