Projects
Car Bank SRQ
Project facts
- Status
- Completed
- Address
- 6562 Palmer Park Circle
- City
- Sarasota, Florida
- Region
- Southwest Florida
- Submarket
- Sarasota; Bradenton
- Units
- 18
- Amenity tier
- Standard
- Key amenities
- Private Bathrooms, Vehicle Lift Capability, Climate Control, Mezzanine Capabilities, Gated Access & Security, 24/7 Owner Access
- Construction
- Block
- Finish level
- High-Quality
- Year built
- 2025
- Flood zone
- X
Market value summary
- # of Sales (T-36)
- 19
- Avg Sale Price (T-36)
- $365 / SF
- Avg Sale Price (T-36)
- $368,000
- Avg Market Value
- $430 / SF
- Avg Market Value
- $433,000
Location Summary
Sarasota / Sarasota; Bradenton Overview
6562 Palmer Park Circle sits in the Clark Road commerce pocket of south Sarasota, a band of light industrial and service addresses between the Palmer Ranch golf corridor and Bee Ridge. The property sits just off SR 72 (Clark Road) about one mile west of Interstate 75 Exit 205, three miles east of US 41 and roughly seven miles by road from Siesta Key. Downtown Sarasota is a 20 minute drive north and Sarasota Bradenton International Airport about 25 minutes by way of I-75 and University Parkway.
The immediate trade area is the wealth depth story of this submarket. Within three miles the site captures 4,429 households earning $200,000 or more, the deepest three mile concentration of any location tracked in Sarasota; Bradenton, rising to 9,174 within five miles and 13,331 within seven. That depth arrives with an established, seasonal character: median age 55.6 within five miles, 52.6 percent aged 55 and over and a 16.7 percent seasonal housing share. This is a mature ownership base with formed collections and long absences, not a young first purchase market.
Two points of metro context carry over from the parent reports. The North Port to Sarasota to Bradenton metro counted 948,158 residents in the July 1, 2025 Census estimates, and Florida again led all states in net income migration, gaining roughly $20.6 billion in adjusted gross income in the latest IRS filing year. On platform data, Sarasota; Bradenton leads Southwest Florida on price growth, up 20.5 percent over one year against a $385 trailing twelve month median.
Current Events & Infrastructure
- SR 72 (Clark Road) resurfacing and access management, US 41 to east of Derek Avenue: FDOT has programmed $14.8 million across 3.83 miles, replacing the center two way left turn lane with a raised median, narrowing lanes and upgrading crossings, striping, signals and lighting. The project is in the construction phase, with work expected to start in late summer 2026 and finish in late 2027. Its eastern limit lands within a quarter mile of the property, so the corridor serving this address is being rebuilt on a defined schedule.
- US 41 (SR 45) resurfacing, Lychee Road to Bay Street: A $5.4 million, 3.14 mile milling and paving contract with shoulder treatment and new signage and markings began construction in mid fall 2025 and is estimated for completion in late 2026, upgrading the main surface alternative to the interstate about three miles west.
Key Demand Drivers
South Sarasota's affluence sits in gated golf and coach home communities where the standard home carries a garage sized for two daily drivers and a deed restriction against parking a boat, coach or enclosed trailer outside. That leaves a large and very close in population of owners with more vehicles than they can house.
- TPC Prestancia: The 565 acre club at 4409 Tournament Players Club Drive, less than a mile west inside Palmer Ranch, carries 36 holes across two courses, including a Stadium Course built by the PGA Tour in 1985 that hosted senior tour events in two windows between 1987 and 2000.
- The Legacy Trail: Sarasota County's 18.5 mile paved rail trail, plus a five mile Venetian Waterway Park section, crosses Clark Road about 1.5 miles west. It logged 626,824 uses over the trailing twelve months and 608,492 in calendar 2025.
- Siesta Key Beach: Roughly seven miles west by way of Clark Road and Stickney Point Road, Siesta Key was named the number 1 beach in the United States and number 4 in the world in the 2025 Tripadvisor Travelers' Choice awards, anchoring the seasonal demand in this trade area.
- Sarasota Classic Car Museum: At 5500 N. Tamiami Trail, about 11 miles north, it displays more than 75 automobiles and describes itself as the second oldest continuously operating antique car museum in the nation, the organizing institution for collector culture here.
- Oscar Scherer State Park: 1,400 acres with 15 miles of trails in Osprey, roughly six miles south, part of the recreation belt underpinning second home ownership here.
Location Highlights
- Metro Position: 948,158 metro residents in the July 1, 2025 Census estimates, with the submarket leading Southwest Florida on price growth at 20.5 percent over one year.
- Enthusiast and Collector Culture: The Sarasota Classic Car Museum sits 11 miles north, and Florida's dry high season from November through April supports open air driving six months a year.
- Infrastructure and Reinvestment: Clark Road is entering a $14.8 million rebuild through late 2027, while county records tracked by the platform show the Sarasota Square redevelopment under construction four miles southwest as of May 2026 and a $25 million Benderson Development office at 1660 Ringling Boulevard, nine miles north, endorsed by the Planning Board on July 8, 2026.
- Seasonal Ownership Pattern: With 16.7 percent of five mile housing units seasonal, many owners leave for six to eight months, and the vehicles left behind need monitored, conditioned, enclosed space.
- Tax and Quality of Life: Florida levies no individual income tax, the structural driver behind the roughly $20.6 billion in adjusted gross income the state gained in the latest IRS filing year.
- High Net Worth Concentration: 4,429 households above $200,000 within three miles, 9,174 within five and 13,331 within seven, against a three mile median home value of $468,311.
Area Demographics (ACS 2024)
5-Mile Profile: Population 124,976 | Median HH Income $84,655 | HH Earning $150K+ 24.0% | Median Age 55.6 | Age 55+ 52.6% | Seasonal Units 16.7% | Households with 3+ Vehicles 13.1%
Wealth Index: 7.2 / 10 (SCK portfolio relative)
Unit values
| Unit | Size | Market value | $ / SF |
|---|---|---|---|
| Unit 1 | 1,008 SF | $433,000 | $430 / SF |
| Unit 2 | 1,008 SF | $433,000 | $430 / SF |
| Unit 3 | 1,008 SF | $433,000 | $430 / SF |
| Unit 4 | 1,008 SF | $433,000 | $430 / SF |
| Unit 5 | 1,008 SF | $433,000 | $430 / SF |
| Unit 6 | 1,008 SF | $433,000 | $430 / SF |
| Unit 7 | 1,008 SF | $433,000 | $430 / SF |
| Unit 8 | 1,008 SF | $433,000 | $430 / SF |
| Unit 10 | 1,008 SF | $433,000 | $430 / SF |
| Unit 11 | 1,008 SF | $433,000 | $430 / SF |
| Unit 12 | 1,008 SF | $433,000 | $430 / SF |
| Unit 13 | 1,008 SF | $433,000 | $430 / SF |
| Unit 14 | 1,008 SF | $433,000 | $430 / SF |
| Unit 15 | 1,008 SF | $433,000 | $430 / SF |
| Unit 16 | 1,008 SF | $433,000 | $430 / SF |
| Unit 17 | 1,008 SF | $433,000 | $430 / SF |