Lot 8 & 9 Nutmeg Ave, photo 1
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Overview

0 baLand
TypeLand
HOANone listed
Lot13,800 sqft

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

About this home

Lot 8 & 9 Nutmeg Ave is a home in Madison Park, Sarasota. Flood zone AE - confirm flood insurance requirements with your lender.

From the listing

RARE DOUBLE LOT - EXPANSIVE PRIVATE SANCTUARY IN RIDGEWOOD HEIGHTS for your New Construction Home! Build your ultimate dream home on this oversized, 100' x 138' lot spanning over a third of an acre. Nestled on a quiet DEAD-END street literally steps away from the 72-acre Red Bug Slough Preserve, this property offers unmatched privacy and refreshing unobstructed preserve views. Best of all, NO HOA and NO CDD - bring your boat, RV, and custom design visions! Live in a true urban oasis next to 3 miles of tree-lined walking or bicycle trails, yet minutes from Sarasota's best amenities. PRIME SARASOTA LOCATION: *Siesta Key: 5 miles to world's favorite white-sand beaches *Downtown & Culture: 5-7 miles to Downtown Sarasota, The Bay Front Park, Sarasota Opera House, Van Wezel, and award-winning Selby Gardens *Medical: 4 miles to Sarasota Memorial Hospital (named as the top hospital in Florida and #25 nationwide in MONEY's 2025 "Best Hospitals" report) * 2 miles from upscale daily shopping and dining at The Landings Shopping Center. TOP-RATED PUBLIC EDUCATION: This property is located within the highly desirable, A-rated Sarasota County School District - consistently recognized as one of the top -performing districts in Florida. The area is also home to Pine View School (Grades 2–12), a dedicated magnet program that is nationally ranked among the top public high schools in the United States for gifted education. BUILDER / DEVELOPER POTENTIAL: While currently zoned for a single-family home (RSF-3), the lot can be converted back into two parcels, potentially allowing for the construction of one home on each lot (Buyer to confirm utilities and subdivision requirements with Sarasota County). Don't let this slice of paradise get away—call for details today!

The essentials

On market
155 days
Annual tax
$1,713
Flood zone
AE
Lot
13,800 sqft
Type
Land

At a glance

Payment

Est. monthly payment
$2,137/mo
Down payment (20%)
$69,800
Property taxes
$143/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Land
Year Built
-
Lot
13,800 sqft
Cooling
-
Heating
-
Parking
-
Days on Market
155
Elementary
Wilkinson Elementary
Middle
Brookside Middle
High
Riverview High

Districts can re-zone, so verify directly with the district before relying on these.

Flood Zone AE
Annual Tax (2025)
$1,713
Parcel #
0087030036

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Madison Park
County
Sarasota
MLS Area
34231 - Sarasota/Gulf Gate Branch
Lot Size
13,800 sqft
BuildableUnpaved

Price history

Date
Event
Price
7/7/2026
Price change
Source: Stellar MLS #A4694121
$349,000-6.9%
5/9/2026
Listed for sale
Source: Stellar MLS #A4694121
$375,000

Neighborhood

Lot 8 & 9 Nutmeg Ave
Sarasota, FL, 34231 · 34231 - Sarasota/Gulf Gate Branch

Calculator

Est. monthly payment
$2,137/mo
Principal & interest$1,820
Property taxes$143
Insurance$175
Down payment20% · $69,800
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$349,000

Time on market

155 days

Monthly payment

About $2,137/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $1,713 annual tax bill, insurance.

Flood zone

Zone AE

That is a high-risk designation, so a lender will normally require flood insurance. Confirm the current rate before you write an offer.

Have another question?

Brokered byCOLDWELL BANKER REALTYListing agent: Veronica LeeListing data from Stellar MLS, MLS# A4694121.

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