5864 Derek Ave #1-2, photo 1
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Overview

0 ba2,016 sqftGarage Condo
TypeGarage Condo
Condo dues$478/mo
Built2026
Lot40,149 sqft
Living area2,016 sqft
Price / sqft$446

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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
~$478/mo
CDD bond
No CDD disclosed
Builder incentives
Ask — change weekly

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Verified incentives

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About this home

Ceiling Fans(s)High CeilingsThermostat

5864 Derek Ave #1-2 is a 2026-built home in Car Bank 2.0, Sarasota. Listed at $899,000 (about $446/sqft), 67 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable. Condo dues run $478 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, 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!

The essentials

Built
2026
Price / sqft
$446
On market
67 days
Annual tax
$0
Condo dues
$478/mo
Flood zone
X · Low risk
Lot
40,149 sqft
Type
Garage Condo

At a glance

Condo
Built 2026
Water views
Park/Greenbelt
2,016 sqft
Living area
Brand new
Built 2026

Payment

Est. monthly payment
$6,778/mo
Down payment (20%)
$179,800
Property taxes
$0/mo
Condo dues
$478/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
67
Ceiling Fans(s)
High Ceilings
Thermostat
Flood Zone X
Annual Tax (2025)
$0
Parcel #
00990100190

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
$478/mo

Price history

Date
Event
Price
8/11/2026
Listed for sale
Source: Stellar MLS #A4702730
$899,000
$446/sqft

Neighborhood

5864 Derek Ave #1-2
Sarasota, FL, 34238 · 34238 - Sarasota/Sarasota Square

Market insights

Offer Insights

Choose an offer strength

List price: $899,000
$880,000 – $899,000
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 67.

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
$6,777/mo
Principal & interest$4,689
Property taxes$1,161
Insurance$450
HOA$478
Down payment20% · $179,800
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

$899,000

$446 per sq ft

Size

2,016 sq ft

Time on market

67 days

Year built

2026

Monthly payment

About $6,778/mo

That is 20% down on a 30-year fixed at 6.8%, plus the home's $0 annual tax bill, insurance, and $478/mo in condo dues.

Condo dues

$478/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?

Have another question?

Brokered byMICHAEL SAUNDERS & COMPANYListing agent: Joanna BenanteListing data from Stellar MLS, MLS# A4702730.

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