Five-year reserve planning My HOA Budget

Clearwater, Florida mixed HOA

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Island Estates

Island Estates is a mixed HOA in Clearwater, Florida. This profile tracks monthly dues $400–$600/mo, 2000 units, reserve study status not yet verified, along with amenities, reserve questions, and document-request ste...

mixed Public records Reserve health: No study on record Browse Clearwater communities Florida reserve laws

Profile 44% complete — board members can fill in the rest

HOA dues, reserve study, and community facts

Units 2000
Year built —
Monthly dues $400–$600/mo
Reserve health Check my risk
Active listings 75
Median sale price $532K

Amenities

PoolTennisBoat dockBeach accessGym

Board and management

No board listed — who's managing your dues?

Board member? Claim this page

Reserve study and funding

Island Estates has no reserve study on record. Without one, there's no way to know if dues cover what's coming.

Check what's missing

5-year outlook

Will you get hit with a special assessment?

Special assessments can run into thousands per unit when major work outruns reserves. We model that risk for Island Estates based on reserve health, building age, and Florida requirements — so you see it coming before the board votes.

Special assessment risk Planned dues increases Reserve shortfall forecast
I am a...

Values used: scaled defaults where community data is unknown — starting reserve (scaled from unit count at $15k/unit); annual opex (scaled from revenue at 84%).

Try it on a typical condo

A mid-size urban condo, five years out

Starting reserve $1.5M · $500K/yr dues revenue · $420K/yr operating expenses · $1.5M of reserve-study capital work over five years. Switch on the levers your board actually controls and watch where the reserve lands.

5-year ending reserve$38.77MPlan is healthy
$0HEALTHY TARGET · $1.0M202620272028202920302031$38.8M
Annual dues increase+5% compounding · $9.60M/yr → $12.25M/yr by 2031
5%
Operating expense growth+4% YoY · insurance, vendors, utilities · $8.06M/yr → $9.81M/yr by 2031
4%
Board member next stepTurn this scenario into a board-ready next step.

Send the reserve-planning context and keep the follow-up focused on board decisions.

Plan our next five years

About Island Estates

Island Estates is a waterfront neighborhood spanning two man-made islands (Diamond Isle and Pasadees Key) between Clearwater Beach and mainland Clearwater. The area contains 2,000+ homes — dozens of individual condo buildings and single-family houses — with a population of about 2,500. Buildings range from 6-story mid-rises to 15-story towers, built from the 1960s through 2007.

What we know

  • Homes: 2,000+ across many individual buildings and single-family lots
  • Decades built: 1960s–2007
  • Monthly dues: $400–$600/mo (varies by building)
  • Amenities: Vary by building — heated pools, fishing piers, boat docks, tiki huts, shuffleboard, BBQ areas, tennis. Water access throughout
  • Active listings: ~75 units for sale
  • Median sale price: ~$532K (condos), ~$572K (all homes)

Each building operates as its own condo association — there is no single master HOA for the island.

Reserve health

Reserve health hasn’t been verified for Island Estates yet. Before you approve a budget, pay a special assessment, or close on a unit here, Florida law defines exactly what reserve records a mixed-use community must keep and what owners can request — see Florida condo reserve funding rules.

With dozens of separate associations across buildings spanning six decades, reserve adequacy varies widely. None have been verified.

What’s still missing

  • Board rosters for individual building associations
  • Reserve study dates and balances per building
  • Management companies per building
  • Community photos

For board members

If you serve on any Island Estates building board, you can claim this page to add your building’s reserve data and board roster.

More Clearwater communities

View Clearwater directory
Public records Clearwater Point
400 units $650–$1,200/mo condo

Florida laws that apply here

Condo reserve funding

Florida condominium reserve funding rules, in plain language

How Florida's Chapter 718 condominium statute actually handles reserves — through a default budget framework, a member-vote waiver mechanism for some reserves, and the post-Surfside Structural Integrity Reserve Study regime that makes certain reserves non-waivable — and what all of that means for a board, owner, or buyer.

Fla. Stat. § 718.112(2)(f) and (g) — condominium annual budgets, reserve accounts, waiver limits, and Structural Integrity Reserve Study requirements, with milestone-inspection cross-reference to Fla. Stat. § 553.899 Reserve funding

Florida HOA reserve funding rules, in plain language

How Florida Statutes Chapter 720 actually handles HOA reserves, why they are elective rather than mandatory, and what that means for a board, owner, or buyer making a real decision.

Florida Statutes § 720.303(6) — Budgets; reserves

Is this your community?

Board members and property managers can claim this page to add photos, amenities, board roster, and reserve details. Make Island Estates look as good online as it does in person.

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Next step

Need documents from Island Estates?

We can help you request reserve studies, budgets, and meeting minutes. Pick the option that fits.

I own here — request documents I'm buying — request documents