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Overview

3 bd2 ba1,611 sqftSingle Family
TypeSingle Family
HOANone listed
Built1984
Lot13,800 sqft
Living area1,611 sqft
Price / sqft$310

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About this home

Living Room/Dining Room ComboOpen FloorplanSolid Wood CabinetsStone CountersVaulted Ceiling(s)GardenLightingRain Gutters

4842 Nutmeg Ave is a 1984-built home in Madison Park, Sarasota. Inside you'll find 3 bedrooms, 2 bathrooms, and 1,611 square feet of living space. Listed at $499,000 (about $310/sqft), 117 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.

From the listing

Oasis in the Heart of Sarasota Central Prime Location | 3 Bed + Den | 2 Bath | 13,800 Sq Ft Lot | Privacy | Nature in Your Front Yard If you’ve been looking for a home that feels like a private retreat yet keeps you close to everything Sarasota has to offer, this is the one. Discover a rare blend of privacy, natural beauty, and effortless Sarasota living in this move-in-ready home. Perfectly positioned on a quiet dead-end street, this secluded retreat offers a serene escape with seamless access to the very best of Florida’s Gulf Coast. Inside, hardwood floors lead to a living room with vaulted ceiling, an upgraded kitchen featuring granite countertops, quality custom made cabinetry, stainless steel appliances, and recessed lighting. The spacious primary suite opens to a private patio, creating a peaceful setting for morning coffee or evening relaxation. A new roof installed in December 2025 and new AC installed in 2023 provide added peace of mind. Set on a generous 13,800 sq ft double lot, the property provides exceptional potential for a future pool, lush garden retreat, or outdoor entertaining space. Steps from Red Bug Slough Preserve, this home delivers a true Old Florida lifestyle with nature right at your doorstep. Another double lot with another 13,800 sq ft adjacent to the house is also for sale at $349,000. Red Bug Slough Preserve spans 72 acres and features more than 3 miles of paved and shaded trails through hammocks and pine flatwoods, a tranquil lake, birdwatching along the Florida Birding Trail, a butterfly garden, playground, fishing pier, and picnic shelters. Enjoy a central Sarasota's prime location with peaceful surroundings and convenient access to: Siesta Key Beach: 5 miles. Sarasota Memorial Hospital: 4.5 miles. Downtown Sarasota and the Bayfront: 6.5 miles. Whether you spend your days walking the trails, biking, birdwatching, fishing, or heading to the beach, this move-in-ready sanctuary offers an exceptional Sarasota lifestyle.

The essentials

Built
1984
Price / sqft
$310
On market
117 days
Annual tax
$2,756
Flood zone
X · Low risk
Lot
13,800 sqft
Type
Single Family Residence

At a glance

Single family
Built 1984
0.32 acres
Lot size
1,611 sqft
Living area

Payment

Est. monthly payment
$3,081/mo
Down payment (20%)
$99,800
Property taxes
$230/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Single Family Residence
Year Built
1984
Lot
13,800 sqft
Cooling
Central Air
Heating
Electric
Parking
Driveway, Ground Level, RV Access/Parking
Days on Market
117
Living Room/Dining Room Combo
Open Floorplan
Solid Wood Cabinets
Stone Counters
Vaulted Ceiling(s)
Garden
Lighting
Rain Gutters
Dishwasher
Microwave
Range
Range Hood
Refrigerator
Elementary
Wilkinson Elementary
Middle
Brookside Middle
High
Riverview High

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

Homestead exemption on file Flood Zone X
Annual Tax (2025)
$2,756
Parcel #
0087030038

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
Paved

Price history

Date
Event
Price
7/7/2026
Price change
Source: Stellar MLS #A4697828
$499,000-5.0%
$310/sqft
6/16/2026
Listed for sale
Source: Stellar MLS #A4697828
$525,000
$326/sqft

Neighborhood

4842 Nutmeg Ave
Sarasota, FL, 34231 · 34231 - Sarasota/Gulf Gate Branch

Market insights

Offer Insights

Choose an offer strength

List price: $499,000
$480,000 – $499,000
96.3% – 100% of listTops out right at the list price
80% of listList price
100 of the last 199 home closings in 34231 landed at this number or higher (50%). The median one sat 43 days before it went under contract, and this one is on day 117 after a $26,000 cut.

Sample: 199 closed home sales in 34231 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$3,082/mo
Principal & interest$2,602
Property taxes$230
Insurance$250
Down payment20% · $99,800
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

$499,000

$310 per sq ft

Beds and baths

3 beds, 2 baths

Size

1,611 sq ft

Time on market

117 days

Year built

1984

Monthly payment

About $3,081/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $2,756 annual tax bill, insurance.

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Offer

What should I offer?

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Brokered byCOLDWELL BANKER REALTYListing agent: Veronica LeeListing data from Stellar MLS, MLS# A4697828.

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