5864 DEREK AVENUE
SARASOTA, FL 34238
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!
Facts & features
Interior
- Living area
- 2,016 sqft
- Heating
- Electric
- Cooling
- Mini-Split Unit(s)
- Flooring
- Concrete
- Features
- Ceiling Fans(s), High Ceilings, Thermostat
- Appliances
- None
Exterior & lot
- Lot size
- 40,149 sqft (0.92 ac)
- Roof
- Membrane
- Construction
- Concrete
- Exterior
- Other
Financial
- Price / sqft
- $446/sqft
Utilities
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Electricity Connected, Public, Sewer Connected
Property
- Property type
- Single Family
- Year built
- 2026
- Subdivision
- CAR BANK 2.0
- County
- Sarasota
Listing
- Status
- Active
- Days on market
- 1 day
- MLS #
- MFR802510946
- Source
- Stellar MLS
Listed by Joanna Benante · MICHAEL SAUNDERS & COMPANY
Listing data provided by Stellar MLS. Information deemed reliable but not guaranteed.
Sample estimate — not an appraisal
Based on 16 comparable sales within 1 mile 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- Principal & interest
- $4,785/mo
- Property tax
- $674/mo
- Home insurance
- $200/mo
Tax, insurance and HOA are editable estimates with Florida-typical defaults — Florida homeowners insurance in particular varies widely by location and elevation. Confirm exact figures with a lender and insurer.
Ask about this property
Answered from this listing’s own figures and the sales around it.
Price history
From the property’s MLS record.
| Date | Event | Price | Change |
|---|---|---|---|
| Aug 11, 2026 | Listed | $899,000 | — |
NeighbourhoodSample data
Reference scores for SARASOTA, FL. Schools, mobility and amenities feed live data once the dedicated provider connection lands.
Location
Frequently asked questions
What would 5864 DEREK AVENUE, SARASOTA cost per month?
About $4,995 a month: $4,546 principal and interest, $0 property tax, $450 insurance. That assumes 20% down at 6.5% over 30 years.
Is 5864 DEREK AVENUE, SARASOTA priced fairly?
Comparable sales nearby put it between $587,775 and $676,257, with $632,016 in the middle. That is from 8 properties of the same type and size within three miles, at a median of $314 a square foot.
How does 5864 DEREK AVENUE, SARASOTA compare to nearby homes?
8 comparable properties within three miles. The nearest: 5864 DEREK AVENUE, SARASOTA, FL at $585,000, 1,375 sq ft, 0.02 miles away; 5605 MARQUESAS CIRCLE, SARASOTA, FL at $600,000, 1,460 sq ft, 0.43 miles away; 3946 WILSHIRE CIRCLE, SARASOTA, FL at $405,000, 1,990 sq ft, 0.5 miles away.
How long has 5864 DEREK AVENUE, SARASOTA been on the market?
1 day on the market.
Has the price of 5864 DEREK AVENUE, SARASOTA changed?
The price has not moved since it was listed.
How big is 5864 DEREK AVENUE, SARASOTA?
null bed, null bath, 2,016 square feet. That is $446 a square foot.
What year was 5864 DEREK AVENUE, SARASOTA built?
Built in 2026.
What is the HOA fee at 5864 DEREK AVENUE, SARASOTA?
The feed lists no association fee for this property.
What are the property taxes at 5864 DEREK AVENUE, SARASOTA?
Property tax works out to about $0 a month, $0 a year.
Is 5864 DEREK AVENUE, SARASOTA still available?
It is still on the market.
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