$415,000
Active5864 Derek Ave #3, Sarasota, FL 34238
1,008 sq ft
Listing courtesy of MICHAEL SAUNDERS & COMPANY · MLS# A4685121
236 days on market
Refreshed from the Stellar MLS feed . This listing’s MLS record last changed .
About this home
What’s special
- Climate controlled garage
- Car lift ready
- Owner's clubhouse with bar
- High-speed internet wiring
AI-selected highlights from the listing description below.
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, with two sizes, units 1-13 are approx. 1,008 sq. ft. (42’D x 24’W) and 21.5' interior ceilings—ideal for mezzanines or car lifts. Units 14-26 are approximately 1,375 sq. ft. (55'D x 24'W) and ideal for larger collections and/or 45' motorcoaches. ***UNIT 11 is 24'W X 42'D. *** 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!
Facts
- Property type
- Garage Condo
- Year built
- 2026
- Living area
- 1,008 sqft
- Lot size
- 0.92 acres
- Private pool
- No
- Exposure
- South
- Furnished
- Unfurnished
- Flood zone
- X
- CDD
- No
- 55+ community
- No
- Monthly fees
- $239/mo
- Listed
- Mar 6, 2026
- MLS #
- A4685121
Price & status history
- Listed for $378,000
- Price increased to $415,000
Estimate the monthly payment
Estimate by Lasbury Tracy Realty — not a loan offerStarting figures for 5864 DEREK AVE #3. Everything below is editable.
AssumptionNot a quoted rate. Ask a lender what you actually qualify for today.
EstimateAssumes 1.2% of price. Charlotte and Sarasota county bills vary with millage, CDD assessments, and whether the home is homesteaded.
Editable estimateA placeholder, not a quote. On the Gulf Coast this is the line item most likely to be wrong: premiums swing on roof age, wind mitigation, elevation, and carrier appetite. Get a real quote before you rely on this number.
Starts at $0Deliberately zero until you enter a figure — we will not inflate a payment with a guess. Many homes here need it; ask us for the property's flood zone and the current policy's premium.
From this listingMonthly association fee as reported to the MLS. Confirm what it includes, and ask about special assessments.
AssumptionNot applied — your down payment is 20% or more.
Estimated total monthly payment
$3,098
$2,098 of that is principal & interest. 32% is taxes, insurance and fees — which is why those inputs matter more here than the rate does.
- Principal & interest
- $2,098
- Property taxes
- $415
- Homeowners insurance
- $346
- Flood insurance
- $0
- HOA / condo fees
- $239
- Mortgage insurance (PMI)
- $0
- Total per month
- $3,098
Over the life of the loan
- Loan amount
- $332,000
- Down payment
- $83,000
- Total interest
- $423,448
- Principal + interest paid
- $755,448
- Paid off in
- 2056
Interest is the exact schedule total for a fixed-rate loan held to term and assumes no extra payments. Taxes, insurance and fees are not included in these lifetime figures because they change every year.
Calculated on this page from the figures above — nothing is sent anywhere and no lender is quoting you. Figures are estimates for planning only, not a pre-approval, commitment to lend, or a statement of the taxes and insurance you will actually be charged. Lasbury Tracy Realty Inc. is a real estate brokerage, not a lender or an insurance agent.
Take a tour
Pick a day that suits you — a licensed Lasbury Tracy agent confirms personally, usually within minutes. No account needed.
5864 Derek Ave #3, Sarasota, FL 34238
Listing courtesy of MICHAEL SAUNDERS & COMPANY · MLS# A4685121 · Active
Where this home is
Opens on aerial — on this coast the canal, the lot and the neighbours answer more questions than a street grid does.
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