5864 Derek Ave #3, photo 1
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Overview

0 ba1,008 sqftGarage Condo
TypeGarage Condo
Condo dues$239/mo
Built2026
Lot40,149 sqft
Living area1,008 sqft
Price / sqft$412

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Pricing, comps, HOA, the neighborhood. Answers before you fill out anything.

New construction · 2026

Different rules apply when you buy new

Build snapshot

Build year
2026
Builder
Ask the team — not on MLS
Community
CAR BANK 2.0
Type
Garage Condo

True monthly carry

HOA
~$239/mo
CDD bond
No CDD disclosed
Builder incentives
Ask — change weekly

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11-month inspection

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Verified incentives

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About this home

Ceiling Fans(s)High CeilingsThermostat

5864 Derek Ave #3 is a 2026-built home in Car Bank 2.0, Sarasota. Listed at $415,000 (about $412/sqft), 224 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable. Condo dues run $239 monthly.

From the listing

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, with two sizes, units 1-13 are approx. 1,008 sq. ft. (42’D x 24’W) and 21.5' interior ceilings—ideal for mezzanines or car lifts. Units 14-26 are approximately 1,375 sq. ft. (55'D x 24'W) and ideal for larger collections and/or 45' motorcoaches. ***UNIT 11 is 24'W X 42'D. *** 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. The gated community provides 24-hour computerized access, monitored surveillance cameras, and 60'-wide driveway for easy maneuvering and privacy. The owner's clubhouse 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 at Car Bank SRQ!

The essentials

Built
2026
Price / sqft
$412
On market
224 days
Annual tax
$0
Condo dues
$239/mo
Flood zone
X · Low risk
Lot
40,149 sqft
Type
Garage Condo

At a glance

Condo
Built 2026
Water views
Park/Greenbelt
1,008 sqft
Living area
Brand new
Built 2026

Payment

Est. monthly payment
$3,147/mo
Down payment (20%)
$83,000
Property taxes
$0/mo
Condo dues
$239/mo
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Garage Condo
Year Built
2026
Lot
40,149 sqft
Cooling
Mini-Split Unit(s)
Heating
Electric
Parking
-
Days on Market
224
Ceiling Fans(s)
High Ceilings
Thermostat
Flood Zone X
Annual Tax (2025)
$0
Parcel #
00 9901 00190

Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.

Subdivision
Car Bank 2.0
County
Sarasota
MLS Area
34238 - Sarasota/Sarasota Square
Lot Size
40,149 sqft
In County
Condo dues
$239/mo

Price history

Date
Event
Price
5/1/2026
Price change
Source: Stellar MLS #A4685121
$415,000+9.8%
$412/sqft
3/6/2026
Listed for sale
Source: Stellar MLS #A4685121
$378,000
$375/sqft

Neighborhood

5864 Derek Ave #3
Sarasota, FL, 34238 · 34238 - Sarasota/Sarasota Square

Market insights

Offer Insights

Choose an offer strength

List price: $415,000
$405,000 – $415,000
97.7% – 100% of listTops out right at the list price
80% of listList price
51 of the last 100 condo closings in 34238 landed at this number or higher (51%). The median one sat 61 days before it went under contract, and this one is on day 224.

Sample: 100 closed condo sales in 34238 over the last 8 months, Stellar MLS. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$3,147/mo
Principal & interest$2,164
Property taxes$536
Insurance$208
HOA$239
Down payment20% · $83,000
Interest rate6.80%
Loan term

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Property taxes estimated at 1.55% of price a year. Insurance estimated at 0.60%. HOA includes any condo dues reported on the listing. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.

Quick answers.

Price

$415,000

$412 per sq ft

Size

1,008 sq ft

Time on market

224 days

Year built

2026

Monthly payment

About $3,147/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $0 annual tax bill, insurance, and $239/mo in condo dues.

Condo dues

$239/mo

Flood zone

Zone X

That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.

Offer

What should I offer?

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Brokered byMICHAEL SAUNDERS & COMPANYListing agent: Joanna BenanteListing data from Stellar MLS, MLS# A4685121.

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