5431 Communications Pkwy #29, photo 1
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Overview

1 ba1,262 sqft4 car garageGarage Condo
TypeGarage Condo
HOA$792/qtr
Built2024
Lot235,028 sqft
Living area1,262 sqft
Price / sqft$498
Garage4 car

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

About this home

High CeilingsOpen FloorplanLighting

5431 Communications Pkwy #29 is a 2024-built home in Luxe Dream Garage Condo, Lakewood Ranch. Listed at $629,000 (about $498/sqft), 162 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable. HOA runs $792 quarterly.

From the listing

READY NOW! No waiting for an upgraded unit! Available today, move your precious car collection to a secure and prestine climate controlled environment! Welcome to Unit 29 at Luxe Dream Garage, Sarasota's premier deeded, gated, climate-controlled car condominium community by IMG Construction. This turn-key 1,262 square foot unit delivers every premium upgrade the discerning collector expects: soaring 21-foot ceilings, a flawless showroom-grade epoxy floor, and a wall-to-wall locking New Age™ Performance Series cabinetry system with stainless work sink that conveys with the unit. A upgraded commercial-grade Big Ass Fans™ ceiling fan circulates beneath designer LED lighting, while a Liftmaster™ Wi-Fi smart garage door opener with app control, hurricane-rated impact doors, a keyless wall safe, a 220V outlet ready for EV charging, an instant hot water system, and a commercial exhaust ventilation system make daily use effortless. A private full bathroom and split-system A/C on a professional service contract complete the package. Beyond your door, ownership means membership in Sarasota's most exclusive enthusiast community: 24-hour gated entry, a stunning two-story clubhouse with elevator, full kitchen, washer and dryer, two conference rooms, and a sweeping outdoor terrace with a grill and roll-up doors that open the indoors to the Florida air. HOA is $792/quarter includes building insurance and full clubhouse access. Combinable with Unit 28 to create one of the largest private garage estates in the community. This is not storage. It is a lifestyle address for your prized collection.

The essentials

Built
2024
Price / sqft
$498
On market
162 days
Annual tax
$4,049
HOA
$792/qtr
Flood zone
X · Low risk
Lot
235,028 sqft
Type
Garage Condo

At a glance

Condo
Built 2024
4 car garage
1,262 sqft
Living area

Payment

Est. monthly payment
$4,196/mo
Down payment (20%)
$125,800
Property taxes
$337/mo
HOA
$792/qtr
Rate assumed
6.8% · 30 yr
View full breakdown

Details

Type
Garage Condo
Year Built
2024
Lot
235,028 sqft
Cooling
Mini-Split Unit(s)
Heating
None
Parking
-
Days on Market
162
High Ceilings
Open Floorplan
Lighting
Flood Zone X
Annual Tax (2025)
$4,049
Parcel #
0188141029

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
Luxe Dream Garage Condo
County
Sarasota
MLS Area
34240 - Sarasota
Lot Size
235,028 sqft
HOA
$792/qtr
Civix Property Management LLC, Kevin Weigand

Price history

Date
Event
Price
5/5/2026
Listed for sale
Source: Stellar MLS #A4691281
$629,000
$498/sqft

Neighborhood

5431 Communications Pkwy #29
Lakewood Ranch, FL, 34240 · 34240 - Sarasota

Market insights

Offer Insights

Choose an offer strength

List price: $629,000
$625,000 – $629,000
99.5% – 100% of listTops out right at the list price
80% of listList price
50 of the last 89 condo closings in Lakewood Ranch landed at this number or higher (56%). The median one sat 51 days before it went under contract, and this one is on day 162.

Sample: 89 closed condo sales in Lakewood Ranch over the last 8 months, Stellar MLS. Widened past this ZIP to get a usable sample. A starting point, not a guarantee.

Talk through an offer with our team

Calculator

Est. monthly payment
$4,196/mo
Principal & interest$3,280
Property taxes$337
Insurance$315
HOA$264
Down payment20% · $125,800
Interest rate6.80%
Loan term

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Property taxes are this home's actual annual bill from the MLS, divided by twelve. 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

$629,000

$498 per sq ft

Size

1,262 sq ft

Time on market

162 days

Year built

2024

Monthly payment

About $4,196/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $4,049 annual tax bill, insurance, and the $792/qtr HOA fee.

HOA fee

$792/qtr

Managed by Civix Property Management LLC, Kevin Weigand.

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?

Have another question?

Brokered byCOLDWELL BANKER REALTYListing agent: Julie Lojacono MackieListing data from Stellar MLS, MLS# A4691281.

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