$599,000
NEW CONSTRUCTION

5864 Derek Ave Unit 2 Sarasota, FL 34238

Estimated payment $3,854/month

Total Views 726
-- Bed
-- Bath
1,375 Sq Ft
$436 Price per Sq Ft

Highlights

  • Water Views
  • New Construction
  • Great Room
  • Riverview High School Rated A
  • High Ceiling
  • Ceiling Fan

About This Home

Pre-Construction. To be built. Welcome to Car Bank 2.0, Sarasota’s premier, private garage condominium community in the heart of Palmer Ranch. This exclusive enclave offers 26 individually owned garage condos, perfect for car collectors, RV owners, and enthusiasts seeking secure, high-end storage with exceptional convenience and customization. Each unit features solid concrete tilt-wall construction, designed to withstand 150 mph hurricane-force winds, with approx. 1,375 sq. ft. (55’D x 24’W) and 20' interior ceilings—ideal for mezzanines or car lifts. Interiors are fully insulated and climate controlled with a quiet, efficient HVAC split system, 12' x 14' insulated motorized overhead door, and separate walk-in door. Additional features include a half bathroom, utility sink, fire sprinkler system, LED lighting package, high-speed internet wiring, multiple GFCI outlets, RV hookups (including optional 50-amp service), and high-quality concrete floors ready for customization. The gated community provides 24-hour computerized access, monitored surveillance cameras, and 60'-wide driveway for easy maneuvering and privacy. The owner's clubhouse will be a space where neighbors can gather to share their passion, host private celebrations and car shows or watch parties. The space will include a bar and serving area, indoor and outdoor seating, television, and patio overlooking the serene pond. At 28' above sea level and located just minutes from I-75, Sarasota’s dealership row, the Legacy Trail, and 3.8 miles from Siesta Key, this is the ultimate combination of location, security, and functionality. Optional upgrades include individual backup generators, mezzanines, hydraulic lifts, cabinetry, epoxy or polished concrete floors, specialty lighting, sound systems, and additional security packages. With low monthly HOA fees, top-tier construction, and a prime Sarasota location, Car Bank 2.0 offers more than storage — it’s a lifestyle. Model available for viewing at Car Bank SRQ!

Listing Agent

Joanna Benante

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-388-4447 License #3194005 Listed on: 11/01/2025

MICHAEL SAUNDERS & COMPANY

Co-Listing Agent

Ann Martin

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-388-4447 License #0188503

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,496

Year Built

  • New Construction

Lot Details

  • South Facing Home

HOA Fees

  • $239 Monthly HOA Fees

Property Views

  • Water
  • Park or Greenbelt

Home Design

  • Home in Pre-Construction
  • Home is estimated to be completed on 11/10/26
  • Slab Foundation
  • Membrane Roofing
  • Concrete Siding

Interior Spaces

  • 1,375 Sq Ft Home
  • High Ceiling
  • Ceiling Fan
  • Great Room
  • Concrete Flooring

Utilities

  • Mini Split Air Conditioners
  • Heating Available
  • Thermostat

Community Details

  • Car Bank 2.0 Subdivision

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 0099010019

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,496

Year Built

New Construction

Lot Details

0

HOA Fees

$239 per month

Listing Details

  • Property Type: Residential
  • Property Condition: Pre-Construction
  • Property Sub Type: Garage Condo
  • Construction Materials: Concrete
  • Living Area: 1375
  • Lot Size Acres: 0.92
  • New Construction: Yes
  • Year Built: 2026
  • Building Area Total: 1375
  • Lot Size Sq Ft: 40149
  • Status: Active
  • Co List Office Mls Id: MFR281502392
  • Co List Office Phone: 941-388-4447
  • Ownership: Condominium
  • Building Area Total Srch Sq M: 127.74
  • Escrow State: FL
  • Minimum Lease: 3 Months
  • RATIO Current Price By Calculate: 435.64
  • Water Access YN: 0
  • Condo Fees Term: Annual
  • MFR_InLawSuiteYN: 0
  • Attribution Contact: 941-388-4447
  • Tax Year: 2025
  • Special Features: NewHome

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Concrete
  • Interior Amenities: Ceiling Fans(s), High Ceilings, Thermostat
  • Foundation Details: Slab
  • Levels: One
  • Living Area Meters: 127.74

Exterior Features

  • Direction Faces: South
  • Exterior Features: Other
  • Roof: Membrane
  • Pool Private: No
  • View: Park/Greenbelt, Water
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Panel: 12115C0163G
  • Projected Completion Date: 2026-11-10T00:00:00.000

Utilities

  • Utilities: Electricity Connected, Public, Sewer Connected
  • Cooling: Mini-Split Unit(s)
  • Heating: Electric
  • Laundry Features: None
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Condo Fees: 2868
  • Monthly Condo Fee Amount: 239

Fee Information

  • Total Annual Fees: 2868.00
  • Total Monthly Fees: 239.00

Lot Info

  • Zoning: PID
  • Parcel Number: 0099010019
  • Additional Parcels: No
  • Lot Features: In County
  • Flood Zone Code: X

Rental Info

  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Per condo docs

Tax Info

  • Tax Lot: 2

Multi Family

  • Approval Process: n/a

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,496 $439,496 -- --
2023 $5,496 $536,600 $536,600 $0
2022 $4,843 $454,000 $454,000 $0
2021 $4,101 $330,200 $330,200 $0
2020 $4,194 $330,200 $330,200 $0
2019 $4,179 $330,200 $330,200 $0
2018 $4,190 $330,200 $330,200 $0
2017 $3,972 $307,100 $307,100 $0
2016 $4,049 $307,100 $307,100 $0
2015 $3,886 $286,700 $286,700 $0
2014 $3,904 $286,700 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/01/2025 11/01/25 For Sale $599,000 -- $436 / Sq Ft
Source: Stellar MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $2,900,000 None Listed On Document
Warranty Deed $1,390,000 None Listed On Document
Source: Public Records

Source: Stellar MLS

MLS Number: A4670578

Stellar MLS

APN: 0099-01-0019