Five-year reserve planning My HOA Budget

Jacksonville, Florida condo association

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Berkman Plaza

Berkman Plaza is a condo association in Jacksonville, Florida. This profile tracks monthly dues $241–$1,073/mo, 206 units, built in 2003, managed by Plaza Condominium Association at Berkman Plaza, reserve study status...

condo Public records Reserve health: No study on record Browse Jacksonville communities Florida reserve laws

Profile 67% complete — board members can fill in the rest

HOA dues, reserve study, and community facts

Units 206
Year built 2003
Monthly dues $241–$1,073/mo
Reserve health Check my risk
Management Plaza Condominium Association at Berkman Plaza
Active listings 14
Median sale price $254K

Amenities

PoolGymTennisPickleballSpaSaunaConciergeParking garageBoat dockDog parkBusiness centerClubhouseElevatorStorage

Board and management

No board listed — who's managing your dues?

Board member? Claim this page

Reserve study and funding

Berkman Plaza 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 Berkman Plaza 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$2.23MPlan is healthy
$0HEALTHY TARGET · $1.0M202620272028202920302031$2.2M
Annual dues increase+5% compounding · $596K/yr → $760K/yr by 2031
5%
Operating expense growth+4% YoY · insurance, vendors, utilities · $500K/yr → $609K/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 Berkman Plaza

Berkman Plaza (officially “The Plaza Condominiums at Berkman”) is a 206-unit, 22-story high-rise on the St. Johns River in downtown Jacksonville, completed in 2003. The building offers direct riverfront living with an adjacent marina and full-service concierge. Units range from 770 sq ft (one-bedroom) to 3,273 sq ft (penthouse).

What we know

  • Units: 206
  • Year built: 2003
  • Monthly dues: $241–$1,073/mo (covers high-speed internet, satellite TV, water/sewer/trash, intrusion alarms, concierge services)
  • Management: Plaza Condominium Association at Berkman Plaza (self-managed HOA)
  • Amenities: Pool, fitness center, tennis and pickleball courts, spa, sauna, 21st-floor concierge lounge, wine cellar with private lockers, indoor squash court, guest suite, marina with boat slips, dog park, business center
  • Active listings: ~14 units for sale ($225K–$995K)
  • Median sale price: ~$254K

Concierge services include dry cleaning, grocery service, car detailing, and package handling.

Reserve health

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

Note: Berkman Plaza II (an adjacent tower) was planned but never completed.

What’s still missing

  • Board roster
  • Reserve study date and reserve balance
  • Special assessment history
  • Community photos

For board members

If you serve on this board, you can claim this page to add reserve data, board roster, and community photos.

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 Berkman Plaza look as good online as it does in person.

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Next step

Need documents from Berkman Plaza?

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