5864 Derek Avenue, FL5864 Derek Avenue, FL5864 Derek Avenue, FL
Stellar MLS
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$899,000

5864 Derek Avenue

Sarasota, FL 34238

Listing updated: August 12, 2026 at 8:04 PM ET

Active
Stellar MLSListing courtesy of Michael Saunders & Company · Joanna Benante · MLS #A4702730 · Active · 941-388-4447
0
Baths
2,016
Sq Ft
0.92
Acres
2026
Built
New construction$446/sqft
Garage Condo

Property type

2026

Year built

40,149 sqft

Lot size

$446

Price / sq ft

No HOA

HOA dues

1

Day on market

X

Flood zone

About this home

Under Construction. 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, 45' RV OWNERS, HOBBYISTS, ARTIST STUDIO, WINE STORAGE, WORKSPACE* 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, now with three sizes! *** This unit featured is the "Signature Series" space. It features units 1 & 2 combined for a double unit with two garage bays and approximately 2016 sq ft. @ 48' wide and 42' deep. This combined space without the dividing wall can hold up to 10 car on the ground and more when you add lifts. *** Units 3-13 are approx. 1,008 sq. ft. (42’D x 24’W) and over 21.5' interior ceilings—ideal for mezzanines or car lifts. Units 14-26 are approximately 1,375 sq. ft. (57'D x 24'W) and ideal for larger collections and/or 45' motorcoaches. Interiors are fully insulated and climate controlled with a quiet, efficient HVAC split system, *** 14' 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. Each unit will have its own private outdoor patio and enjoy some green space off the rear of your garage. The gated community provides 24-hour computerized access, monitored surveillance cameras, and 60'-wide driveway for easy maneuvering and privacy. The *** owner's suite with over 2500 sq ft *** 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 by appointment at Car Bank SRQ!

Estimated monthly payment

Principal & interest$4,546
Property taxes$0
Home insurance (est.)$412

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 history1 days on market

  1. Status: Active
    Aug 11, 2026
  2. Listed$899,000
    Aug 11, 2026
  3. Price increased$899,000

Facts & features

Property type
Residential
Sub type
Garage Condo
Status
Active
Days on market
1
Subdivision
Car Bank 2.0
County
Sarasota
Year built
2026
Living area
2,016 sq ft
Price/sq ft
$446
Lot size
40,149 sq ft
Flood zone
X (12115C0163G)
Parcel #
00990100190
Zoning
PID
MLS #
A4702730

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Interior Details

Flooring
Concrete
Appliances
None
Interior features
Ceiling Fans(s), High Ceilings, Thermostat
Laundry
None
Stories / Levels
One
Direction faces
South
New construction
Yes

Heating & Cooling

Heating
Electric
Cooling
Mini-Split Unit(s)

HOA & Financial

Total monthly fees
$478/mo
Total annual fees
$5,736
CDD
No
Min lease term
3 Months
Listing terms
Cash
Ownership
Condominium
Available for lease
Yes
Lease restrictions
Yes
Additional lease restrictions
Per condo docs
Approval process
n/a

Exterior & Construction

Exterior features
Other
Construction materials
Concrete
Roof
Membrane
Foundation
Slab
Road surface
Asphalt

Utilities

Sewer
Public Sewer
Water source
Public
Utilities
Electricity Connected, Public, Sewer Connected

Room Details

RoomLevelDimensions
Great RoomFirst48x42

Listing Details

Listing date
2026-08-11
On market date
2026-08-11
Original list price
$899,000
Occupant type
Vacant
MLS area
34238 - Sarasota/Sarasota Square
Listing AOR
Sarasota - Manatee
Status changed
2026-08-11
Tax legal description
COM AT NE COR OF SEC 15-37-18 TH S 00-16-13 W 542.69 FT TH N 89-43-47 W 40 FT TO WLY R/W LINE OF MCINTOSH RD TH N 89-26-05 W 286.26 FT FOR POB TH CONT N 89-26-05 W 214.19 FT TH N 00-15-50 E 205.19

Flood risk

Minimal riskFEMA Zone XPanel 12115C0163G

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 Clark Rd/SR 72, turn south on Derek Avenue, property on the right.

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MLS GRID

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 August 12, 2026 at 8:04 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.

All or a portion of the multiple listing information is provided by Stellar MLS, from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 Stellar MLS. All rights reserved.

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