5864 Derek Avenue Unit 1-2New Construction Home in Sarasota, FL
Sarasota, FL 34238 · Sarasota County
$899,000
$446/sq ft
Photos of 5864 Derek Avenue Unit 1-2
1 / 25Who is building this home?
This home is listed as built by Calusa Construction, floor plan 48x42. Builder quality, warranty responsiveness, and willingness to fix punch-list items vary enormously between companies in Tampa Bay.
Compare Tampa Bay builder scorecards →About this home
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!
Home details and costs
- MLS number
- A4702730
- Property type
- Garage Condo
- Build stage
- Under Construction
- Builder
- Calusa Construction
- Floor plan
- 48x42
- Heated square feet
- 2,016 sq ft
- Total under roof
- 2,016 sq ft
- Stories
- 1 Story
- Lot size
- 0.92 acres
- Subdivision
- Car Bank 2.0
- HOA fee
- No HOA
- Days on market
- 56 days
Heads up on that tax figure. On new construction, the number in the MLS is often the tax on the bare lot, not the finished home. Expect it to jump once the county reassesses with the house on it. How Florida reassesses new builds
What would this home actually cost per month?
Pre-filled with this listing's price and HOA. Adjust anything to match your situation.
Estimated monthly payment
$6,991
$89,900 down (10%) on a $809,100 loan
- Principal and interest
- $5,114
- Property tax (estimated)
- $1,274
- Homeowners insurance
- $267
- PMI (under 20% down)
- $337
CDD defaults to zero, and that is often wrong.Many Tampa Bay new-construction communities carry a Community Development District assessment of roughly $1,500 to $3,000 a year on top of HOA, and it is rarely included in a builder's payment estimate. Ask whether this address is in a CDD before you budget.
Estimates only. Actual taxes, insurance, and assessments vary by address and change year to year.
Get the real numbers on this homeWhat is negotiable on this home?
Here is what this listing's numbers say about the builder's position.
On the market 56 daysContext
Still relatively fresh. Expect the sales office to hold firmer here than on inventory that has been sitting.
Still under constructionContext
The builder has money in the ground but no finished house to carry, so there is less pressure than on standing inventory. The upside is that some finish selections are usually still open.
Where builders actually give
Rarely on the published base price. It sets the comp for every unsold home behind this one, and protecting it protects their appraisals. The real room is in closing cost credits, interest rate buydowns, and upgrades moved into the base. Asking for the right one in the right order is most of the job.
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Listed by Michael Saunders & Company. Listing data provided courtesy of Stellar MLS via Bridge Interactive. Information is deemed reliable but not guaranteed and is provided for consumers' personal, non-commercial use. 5864 Derek Avenue Unit 1-2, Sarasota, FL 34238 is presented by Barrett Henry, REMAX Collective. Prices, availability, and incentives change without notice.