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$599,000
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Property Description
Pre-Construction. To be built. 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, RV owners, and enthusiasts 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 approx. 1,375 sq. ft. (55'D x 24'W) and 20' interior ceilings-ideal for mezzanines or car lifts. 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!
Full Property Details
Full Property Details for 5864 Derek Ave #2
General
- Price: $599,000
- HOA FEE: $239/month
- HOA FEE FREQ.: Annual
- Taxes: (2025)
- Status: Active
- Type: Single Family
- Source: MidFloridaRegionalMLS
- MLS ID: A4670578
- Updated: 1/4/2026
- Added to Site: 76 day(s) ago
Rental Information
- Min. Lease: 3 Months
Interior
- Number of Rooms: 1
- Interior Features: Ceiling Fan(s), High Ceilings, Thermostat
- Flooring: Concrete
Exterior
- Exterior Features: Other
Location
- Area: 34238 - Sarasota/Sarasota Square
- County: Sarasota
- Development Name: 34238 - Sarasota/Sarasota Square
- Subdivision: CAR BANK 2.0
- Driving Directions: From Clark Rd/SR 72, turn south on Derek Avenue, property on the right.
- Direction Faces: South
Community
- Community Name: 34238 - Sarasota/Sarasota Square
Heating & Cooling
- Cooling Type: Mini-Split Unit(s)
- Heating Type: Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Public, Sewer Connected
Structural Information
- Approx Compl Date: 2026-11-10T05:00:00.000Z
- Exterior Const.: Concrete
- Roof: Membrane
- Stories/Levels: One
- Square Feet: 1,375
- Sq. Ft. Source: Builder
- Year Built: 2026
Lot Features
- Property View: Park/Greenbelt, Water
- Lot Size (Acres): 0.92
- Lot Size (Sq. Ft.): 40,149
- Lot Size: 40149
- Street/Road Desc.: Asphalt
Water Features
- Water View: Yes
Financial Considerations
- Condo Fee: $2,868
- Condo Fee Freq: Annual
- Tax Year: 2025
Disclosures and Reports
- Ownership: Condominium
- Special Conditions: None
- Legal Description: COM AT NE COR OF SEC 15-37-18 TH S 00-16-13 W 542.69 FT TH N 89-43-47 W 40 FT TO WLY R/W LINE OF MCINTOSH RD TH N 89-26-05 W 286.26 FT FOR POB TH CONT N 89-26-05 W 214.19 FT TH N 00-15-50 E 205.19
- Flood Zone Info: X
- APN: 99010019
- Property ID: 99010019
Listed by Michael Saunders & Company
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Schools
Schools serving 5864 Derek Ave #2
School District:Sarasota County School District
| Name | Grades | Distance |
|---|---|---|
Gulf Gate Elementary School 6500 South Lockwood Ridge Road, Sarasota, FL 34231 | PK-5 | 1.6 mi |
Riverview High School, Sarasota, FL 1 Ram Way, Sarasota, FL 34231 | 9-12 | 2.4 mi |
Sarasota Middle School 4826 Ashton Road, Sarasota, FL 34233 | 6-8 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5864 Derek Ave #2
Date
Details
Price
Change
Source
11/01/2025
Listed
$599,000
-79.34%
MLS
10/17/2025
Sold
$2,900,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5864 Derek Ave #2
Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,612
2%
$527,000
-2%
2023
$5,496
13%
$536,600
18%
2022
$4,843
18%
$454,000
37%
2021
$4,101
-2%
$330,200
—
2019
$4,179
—
$330,200
—
2018
$4,190
5%
$330,200
8%
2017
$3,972
-2%
$307,100
—
2016
$4,049
4%
$307,100
7%
2015
$3,886
—
$286,700
—
2014
$3,904
-2%
$286,700
—
2013
$3,964
—
$286,700
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5864 Derek Ave #2
5864 Derek Avenue #2, Sarasota, FL 34238 (MLS# A4670578) is a Single Family property with 0 bedrooms and 0 full bathrooms. 5864 Derek Avenue #2 is currently listed for $599,000 and was received on November 01, 2025. Want to learn more about 5864 Derek Avenue #2? Do you have questions about finding other Single Family real estate for sale in Sarasota? You can browse all Sarasota real estate or contact a Coldwell Banker agent to request more information.

