5431 Communications Pkwy #28, 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$514
Garage4 car

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

About this home

High CeilingsLighting

5431 Communications Pkwy #28 is a 2024-built home in Luxe Dream Garage Condo, Lakewood Ranch. Listed at $649,000 (about $514/sqft), 168 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable. HOA runs $792 quarterly.

From the listing

Available today, no waiting to move your precious car collection to a secure and prestine climate controlled environment! Discover the most coveted address at Luxe Dream Garage: Unit 28, the rare end unit with its own additional window, giving this 1,262 square foot showpiece lots of natural light unavailable in any interior unit. Built by IMG Construction with 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, this end unit is delivered turn-key with every premium upgrade already in place. A 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 220V outlet prepped for EV charging, an instant hot water system, and a commercial exhaust ventilation system make daily use effortless. Enjoy a Lorex™ 4-camera security system, a keyless wall safe, private full bathroom, and split-system A/C on a professional service contract complete the unit. Ownership includes the full Luxe Dream Garage lifestyle: 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 grill and roll-up doors that open the indoors to the Florida air. The HOA is $792/quarter and includes building insurance and full clubhouse access. This unit could be combined with Unit 29 to create an estate-sized garage condominium. End units with windows rarely come to market — when they do, they do not last.

The essentials

Built
2024
Price / sqft
$514
On market
168 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
$4,311/mo
Down payment (20%)
$129,800
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
168
High Ceilings
Lighting
Flood Zone X
Annual Tax (2025)
$4,049
Parcel #
0188141028

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 Wiegand

Price history

Date
Event
Price
5/5/2026
Listed for sale
Source: Stellar MLS #A4691302
$649,000
$514/sqft

Neighborhood

5431 Communications Pkwy #28
Lakewood Ranch, FL, 34240 · 34240 - Sarasota

Market insights

Offer Insights

Choose an offer strength

List price: $649,000
$645,000 – $649,000
99.5% – 100% of listTops out right at the list price
80% of listList price
52 of the last 92 condo closings in Lakewood Ranch landed at this number or higher (57%). The median one sat 55 days before it went under contract, and this one is on day 168.

Sample: 92 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.

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Calculator

Est. monthly payment
$4,311/mo
Principal & interest$3,385
Property taxes$337
Insurance$325
HOA$264
Down payment20% · $129,800
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

$649,000

$514 per sq ft

Size

1,262 sq ft

Time on market

168 days

Year built

2024

Monthly payment

About $4,311/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 Wiegand.

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# A4691302.

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