Five-year reserve planning My HOA Budget

Sarasota, Florida condo association

Claim this page

Rivo at Ringling

Rivo at Ringling is a condo association in Sarasota, Florida. This profile tracks monthly dues $1,000–$2,700/mo, 106 units, built in 2006, managed by Argus Property Management Company, reserve study status not yet ver...

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

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

HOA dues, reserve study, and community facts

Units 106
Year built 2006
Monthly dues $1,000–$2,700/mo
Reserve health Check my risk
Management Argus Property Management Company
Active listings 3
Median sale price $648K

Amenities

PoolGymSpaClubhouseConciergeParking garageStorageElevator

Board and management

No board listed — who's managing your dues?

Board member? Claim this page

Reserve study and funding

Rivo at Ringling 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 Rivo at Ringling 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$1.45MPlan is healthy
$0HEALTHY TARGET · $1.0M202620272028202920302031$1.5M
Annual dues increase+5% compounding · $1.27M/yr → $1.62M/yr by 2031
5%
Operating expense growth+4% YoY · insurance, vendors, utilities · $1.07M/yr → $1.30M/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 Rivo at Ringling

Rivo at Ringling is a 106-unit luxury condo tower in downtown Sarasota, completed in 2006 by The ADP Group. The 15-story building features a unique interior conservatory atrium. It includes 92 standard units (2-bedroom, 1,440–1,800 sq ft) and 14 penthouses on the top three floors (up to 3,460 sq ft).

What we know

  • Units: 106 (92 standard + 14 penthouses)
  • Year built: 2006
  • Monthly dues: $1,000–$2,700/mo
  • Management: Argus Property Management Company
  • Amenities: Pool, fitness center, spa, clubhouse, concierge, covered parking, storage, elevator
  • Active listings: ~3 units for sale
  • Median sale price: ~$648K
  • Pets allowed (max 2, up to 60 lbs each); minimum 3-month lease, max 3 rentals per year

Reserve health

Reserve health hasn’t been verified for Rivo at Ringling 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.

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.

More Sarasota communities

View Sarasota directory
Public records Vue Sarasota Bay
141 units $1,600–$3,200/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 Rivo at Ringling look as good online as it does in person.

Claim this page

Next step

Need documents from Rivo at Ringling?

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