5864 DEREK AVENUE 2
Sarasota, FL, 34238 $ 599,000
Baths0.0 Sq 1,375 Monthly Estimate*
$ 3,737
Studio for $599,000. This 1,375 square foot condo was built in 2026 on a lot size of 0.92.
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, 12' 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!
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FeaturesGeneralSewer Public Sewer
Heating Electric
Cooling Mini-Split Unit(s)
Utilities Electricity Connected Public Sewer Connected
Possession Close Of Escrow
Roof Membrane
Zoning PID
Construction Materials Concrete
Year Built 2026
View Park/Greenbelt Water
Levels One
Unit Number 2
Property Subtype Garage Condo
Tax Year 2025
Ownership Condominium
County Sarasota
New Construction true
Property Type Residential
Subdivision Name CAR BANK 2.0
Facing Direction South
Total Rooms 1
Status Active
Directions From Clark Rd/SR 72 turn south on Derek Avenue property on the right.
City SARASOTA
Senior Community Y/N false
MLS Area 34238 - Sarasota/Sarasota Square
Lot Size Units Square Feet
Lot Size Square Feet 40149
Listing Terms Cash
Land Lease Y/N false
Tax Annual Amount 0
Property Condition Pre-Construction
Additional Parcels Y/N false
Lease Considered Y/N true
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Occupancy Type Vacant
Tax Lot 2
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
Minimum Lease 3 Months
Water Access Y/N false
Monthly Condo Fee Amount 239
Water View Y/N false
Flood Zone Code X
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InteriorInterior Amenities Ceiling Fan(s) High Ceilings Thermostat
Flooring Concrete
Air Conditioning Y/N true
Heating Y/N true
Laundry Features None
Total Baths 0
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ExteriorExterior Amenities Other
Lot Features In County
Water Source Public
Lot Size Area 40149
Foundation Details Slab
Building Area Total 1375
Lot Size Acres 0.92
Road Surface Type Asphalt
Private Pool false
Waterfront Y/N false
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* Excluded FeaturesList ByMichael Saunders & CompanyBroker
joannabenante@michaelsaunders.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $3,737
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCondo listings in Sarasota, FL
Average List Price $1,265,888
Percent of Sale Price 111%
About Sarasota, FL 55,052 Population
5% Since 2002
$ 46,682 Median Income
45.17 Median Age
16% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 12/19/2025 | $599,000 | | Listed Price |