Five-year reserve planning My HOA Budget

Houston, Texas condo association

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The Parklane

The Parklane is a condo association in Houston, Texas. This profile tracks monthly dues $600–$1,700/mo, 209 units, built in 1983, reserve study status not yet verified, along with amenities, reserve questions, and doc...

condo Public records Reserve health: No study on record Browse Houston communities Texas reserve laws

Profile 56% complete — board members can fill in the rest

HOA dues, reserve study, and community facts

Units 209
Year built 1983
Monthly dues $600–$1,700/mo
Reserve health Check my risk
Active listings 6
Median sale price $519K

Amenities

PoolGymTennisSaunaConciergeElevatorParking garageBusiness centerEV chargingStorage

Board and management

No board listed — who's managing your dues?

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Reserve study and funding

The Parklane 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 The Parklane based on reserve health, building age, and Texas 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$3.25MPlan is healthy
$0HEALTHY TARGET · $1.0M202620272028202920302031$3.2M
Annual dues increase+5% compounding · $1.50M/yr → $1.92M/yr by 2031
5%
Operating expense growth+4% YoY · insurance, vendors, utilities · $1.26M/yr → $1.54M/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 The Parklane

The Parklane is a 35-story luxury condominium tower located at 1701 Hermann Drive in Houston’s Museum District, overlooking Hermann Park. Originally completed in 1983, the building has undergone significant renovation and modernization. It contains 209 units ranging from one- to four-bedroom residences, many with private balconies and unobstructed park views. The building stands 390 feet tall and was originally developed by TEMA Development.

What we know

  • Units: 209
  • Year built: 1983
  • Floors: 35 stories (390 ft)
  • Monthly HOA dues: $600–$1,700/mo ($0.91/sq ft)
  • HOA covers: Common area insurance, cable TV, gas, ground maintenance, structural maintenance, recreation facilities, sewer, trash, valet, water
  • Amenities: 24/7 concierge and security, valet parking, outdoor swimming pool with cabanas, tennis court, fitness center, business lounge and coffee bar, sauna, storage units, EV charging, free shuttle to MetroRail and Texas Medical Center
  • Active listings: 6 units for sale ($330K–$1.9M)
  • Median sale price: ~$519K
  • Developer: TEMA Development Inc.
  • Pet policy: Cats and dogs allowed, no weight limit
  • Interior packages: Four distinct design styles available (Eggersmann cabinetry, Bosch/Thermador appliances)

Reserve health

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

Prospective buyers should request the most recent reserve study and disclosure documents from the HOA.

What’s still missing

  • Reserve study date and balance
  • Board roster
  • 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.

Texas laws that apply here

Reserve funding

Texas HOA reserve funding rules, in plain language

Why Texas Property Code Chapter 209 is silent on HOA reserves — meaning the operative reserve obligation lives entirely in the dedicatory instruments, not in state statute — and what that document-driven regime means for a board, owner, or buyer.

Tex. Prop. Code ch. 209 — Texas Residential Property Owners Protection Act

Is this your community?

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

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Next step

Need documents from The Parklane?

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