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$899,000

5864 DEREK AVENUE UNIT 1-2, SARASOTA, FL 34238

Active56 days on market

Beds

—

Baths

0

Sq Ft

2,016 sq ft

Year Built

2026

Lot Size

0.92 acres

Garage

—

About This Property

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!

Property Overview

Property TypeResidential
Sub TypeGarage Condo
MLS #A4702730
StatusActive
Year Built2026
Total Rooms1
ConstructionConcrete
RoofMembrane
FoundationSlab
FacesSouth
SubdivisionCAR BANK 2.0
CountySarasota
OwnershipCondominium
New ConstructionYes

Interior Features

InteriorCeiling Fan(s), High Ceilings, Thermostat
FlooringConcrete
AppliancesNone
LaundryNone
CoolingMini-Split Unit(s)
HeatingElectric

Exterior & Lot

ExteriorOther
Lot Size0.92 acres (40,149 sq ft)
Lot FeaturesIn County
Road SurfaceAsphalt
ViewPark/Greenbelt, Water
0

Utilities

WaterPublic
SewerPublic Sewer
UtilitiesElectricity Connected, Public, Sewer Connected

Parking

GarageNo

HOA & Community

HOANo
Senior CommunityNo

Financial Details

List Price$899,000
FinancingCash
ZoningPID
Parcel #00990100190

Directions

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

Location

5864 DEREK AVENUE UNIT 1-2, SARASOTA, FL 34238

Listing Information

OfficeMICHAEL SAUNDERS & COMPANY
ListedAugust 11, 2026

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Home Price

$899,000

20% ($179,800)
6.75%

Loan Term

Principal & Interest$4,665
Property Tax (est.)$824
Insurance (est.)$150
Total Monthly$5,639
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Listing information is deemed reliable but not guaranteed. All measurements and data should be independently verified. This information is provided by the Stellar MLS. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. 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. Data last updated: August 13, 2026.

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