Exterior rendering - 5864 DEREK AVE #1-2, SARASOTA
Exterior rendering - 5864 DEREK AVE #1-2, SARASOTA
Location rendering - 5864 DEREK AVE #1-2, SARASOTA
Location rendering - 5864 DEREK AVE #1-2, SARASOTA
Location rendering - 5864 DEREK AVE #1-2, SARASOTA
Owner's Suite - 5864 DEREK AVE #1-2, SARASOTA
Owner's Suite - 5864 DEREK AVE #1-2, SARASOTA
Garage Condo at 5864 DEREK AVE #1-2, SARASOTA, photo 8 of 25
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25 photos

$899,000

5864 DEREK AVE #1-2
SARASOTA, FL 34238
Listed by MICHAEL SAUNDERS & COMPANY
Bedrooms
N/A
Bathrooms
N/A
Living area
2,016 sqft
Year built
2026

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!

Highlights

New construction

Property details

MLS #
MFRA4702730
Property type
Garage Condo
Subdivision
CAR BANK 2.0
Status
Active
Days on market
1
On market date
August 11, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.92 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

ElementaryCharter
IMAGINE SCHOOL AT PALMER RANCH
0.34 mi away · Grades -1-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
409
Student:teacher ratio
16.4:1
District
SARASOTA
Middle
SARASOTA MIDDLE SCHOOL
0.83 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,217
Student:teacher ratio
17.9:1
District
SARASOTA
High
SUNCOAST TECHNICAL COLLEGE
1.59 mi away · Grades 12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
0
Student:teacher ratio
0.0:1
District
SARASOTA

Mortgage calculator

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Est. monthly payment
$5,564/mo
$179,800 down
$719,200 loan
Principal & interest$4,665
Property tax (est.)$749
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated 16 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.