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Active · Single Family

5431 COMMUNICATIONS PARKWAY

SARASOTA, FL 34240

Beds
Baths
Area
1,262 sqft
Single FamilyBuilt 2024235,028 sqft lotMini-Split Unit(s)$456/sqft24 days on market

About this home

Welcome to Luxe Dream Garage, Sarasota’s premier gated luxury garage condominium community. This 1,262 sq. ft. climate-controlled garage condo offers a rare opportunity to create the ultimate custom automotive retreat. Delivered as a blank canvas, the space is ready for your vision—whether that’s a showroom-quality garage, workshop, private collection space, or an upscale entertainment area. The unit features soaring 21-foot ceilings, a large overhead garage door, climate control, and ample space to comfortably accommodate four to six vehicles on the ground with room for an additional vehicle on a lift. The generous ceiling height also provides the opportunity to add a spacious mezzanine, creating the perfect man cave, lounge, office, or entertainment space overlooking your collection. Luxe Dream Garage is designed for automotive enthusiasts who appreciate security, convenience, and community. Ownership includes access to the gated facility’s two-story clubhouse featuring an elevator, full kitchen, conference rooms, outdoor terrace with grilling area, and gathering spaces for owners and enthusiasts. Whether you’re protecting an exotic, classic, luxury, or collector vehicle, this is your opportunity to design a one-of-a-kind automotive showcase tailored to your lifestyle.

Facts & features

Interior

Living area
1,262 sqft
Cooling
Mini-Split Unit(s)
Flooring
Concrete
Stories
1

Exterior & lot

Lot size
235,028 sqft (5.4 ac)
Construction
Concrete

Financial

Annual tax
$4,049 (2025)
Price / sqft
$456/sqft

Property

Property type
Single Family
Year built
2024
Subdivision
LUXE DREAM GARAGE CONDO
County
Sarasota

Listing

Status
Active
Days on market
1 day
MLS #
MFR801220380
Source
Stellar MLS

Listed by Randy Fallon · COLDWELL BANKER REALTY

Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.

RRENA ValiQRENA ValiQ is an estimated value, blended from public sale comps, neighbourhood trend and this listing’s own metrics. It is a reference, not a guaranteed or asking price. The final number moves on diligence, terms and timing.Estimate

Sample estimate — not an appraisal

$556k
−3.2% vs asking
$522k low$591k high

Based on 25 comparable sales within 2 miles of SARASOTA, FL, this home is priced over RENA ValiQ.

Reference only. Estimates blend public sale comps, neighbourhood trend and the listing’s own metrics. Final price moves on diligence, terms and timing — RENA is your second read, not your agent.

Estimate your monthly cost

PITI + HOA
Estimated monthly payment$3,245/mo
Principal & interest
$2,908/mo
Property tax
$337/mo
Home insurance
$0/mo

Opens at 20% down over 30 years at 6.5%, the same assumptions as the answers below. Property tax is this listing's own bill; insurance is left out until you enter a quote, because Florida premiums turn on roof age, elevation and carrier. Every field is editable.

Ask about this property

Answered from this listing’s own figures and the sales around it.

Price history

From the property’s MLS record.

DateEventPriceChange
Jul 25, 2026Listed$575,000

NeighbourhoodSample data

Reference scores for SARASOTA, FL. Schools, mobility and amenities feed live data once the dedicated provider connection lands.

Walk Score
43/ 100
Car-dependent
Transit Score
51/ 100
Good transit
Bike Score
36/ 100
Somewhat bikeable
Elementary school
Not listed
Not named in the MLS record for this home
Middle school
Not listed
Not named in the MLS record for this home
High school
Not listed
Not named in the MLS record for this home

Location

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