5864 DEREK AVENUE #25, Sarasota, FL, 34238
About This Home
Virtually Staged. 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 (#14-26) 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!
Getting Around
Car-Dependent
Minimal Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Under Construction
- New construction: Yes
- Year built: 2026
Materials
- Foundation: Slab
- Roof: Membrane
- Construction materials: Concrete
Other
- Builder model: 24x57
- Builder name: Calusa Construction
Type & Style
- Home type: Condo
- Property subType: Condominium
Interior
Appliances
- Laundry features: None
Features
- Ceiling Fan(s),High Ceilings,Thermostat
- Flooring: Concrete
Great Room
- Features: Water Closet/Priv Toilet,No Closet
- Level: First
Heating & Cooling
- Heating features: Electric
- Cooling features: Ductless
Interior Area
- Total structure area: 1,375
- Total interior livable area: 1,375 sqft
Property
Details
- Parcel number: 0099010019
- Zoning: PID
- Special condition: None
Features
- Levels: One
- Stories: 1
- Exterior features: Other
- Has view: Yes
- View description: Park/Greenbelt,Water
- Water view: Water
Lot
- Lot size: 0.92 Acres
- Features: In County
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hurricane
- Inland Flooding
- Lightning
- Strong Wind
- Tornado
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Sarasota County and Florida
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,958 | $35,496 |
| Home Insurance * | $339 | $4,068 |
| Property Taxes | $351 | $4,212 |
| Electricity | $197 | $2,366 |
| Total | $3,845 | $46,140 |
Income You'd Need if You Spent...
Florida FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-23 | Price change | $585,000 |
| 2026-07-14 | Price change | $550,000 |
| 2026-05-01 | Price change | $535,000 |
| 2026-04-25 | Price change | $513,000 |
| 2026-03-06 | Listed for sale | $499,000 |
View on Zillow