Community Details at a Glance
The Homes
Product
A single 15-story riverfront high-rise of 57 condominium units, at 505 Lancaster Street in historic Riverside
Setting
Directly on the St. Johns River, nestled between the Cummer Museum and Memorial Park, walkable to Five Points
Views
St. Johns River and downtown skyline views, with the floor and exposure driving the premium
Ownership
Condominium, so you buy the unit and a share of the association, not the land
Costs & Fees
Condo fee
A monthly association fee covers the building, the grounds, water and sewer, and shared services; confirm the current figure and inclusions for the unit
Reserves
On a high-rise, confirm the reserves, any special assessments, and milestone inspection history before you commit
Reality
With only 57 units, the floor and view drive a wide price range, so a specific home should be priced off the closest comparable in the building
Amenities
River
The building sits directly on the St. Johns River, with the Riverwalk reported a few blocks away
Lifestyle
High-rise condominium living means a lock-and-leave lifestyle with on-site management
Walkable
Walkable to the shops, dining, and culture of Five Points and the riverfront
Building
Reported recent improvements include exterior waterproofing, a new roof, and a new generator; confirm status
Location
Setting
Historic Riverside on the St. Johns River, 505 Lancaster Street, ZIP 32204
Walk
A short walk to Five Points shops, dining, and the Riverside Arts Market
Downtown
About five minutes to downtown Jacksonville
Access
About 5 to 10 minutes to Interstate 10 and Interstate 95
The Homes & Style
Park Plaza appeals to downsizers, professionals, and buyers who want low-maintenance, river-view high-rise living in the walkable Riverside district.
Prices are set by the floor, the view, the size, and the updates, with higher floors and direct river views at the top. With only 57 units, a specific home should be priced from the closest comparable sales in the building.
The riverfront position, the views, and the walkable Riverside address keep demand steady from buyers who want the urban core without single-family upkeep.
Park Plaza is a single high-rise building, so the choice comes down to the floor, the view, the size, and the level of updating.
Higher floors and direct river views carry a premium, so the position drives lifestyle and resale.
Floor plans vary, so the size and layout drive the price.
Homes trade as both renovated and largely original, so condition is a major factor in price.
Living Here
Park Plaza pairs riverfront high-rise living with its walkable Riverside location.
The building sits directly on the St. Johns River.
Homes enjoy water and downtown skyline views.
The shops, dining, parks, theater, and museum of Five Points are a short walk.
High-rise condominium living means a lock-and-leave lifestyle.
Everyday shopping and dining are a short walk at Five Points and minutes away in the Shoppes of Avondale and downtown, with grocery, restaurants, and culture close at hand. The location is one of the most walkable in Jacksonville.
Park Plaza pairs river and skyline views with a walkable Five Points address, which is the main reason buyers shop here.
Confirm the monthly fee, the reserves, any special assessments, and the leasing and pet rules for the specific home.
In a single building, the floor and view drive a wide price range, so compare like units.
Before You Offer
Jacksonville sees coastal, river, and creek flooding, and pockets near the St. Johns River tributaries can sit in higher-risk zones. Jacksonville participates in the FEMA Community Rating System at a class 6, which earns flood-insurance discounts of about 10 percent for homes outside a special flood hazard area and about 20 percent for homes inside one.
The reliable move is to pull the FEMA flood designation for the exact Park Plaza address before you write an offer, since two homes in the same area can fall in different zones. A home in Zone X can cost far less to insure than one near water in Zone AE. Get a bindable flood and homeowners quote during your inspection period, so the cost is in your monthly math before you commit, not after.
The Jacksonville metro is served by Xfinity (Comcast) cable across nearly all addresses and by AT&T with DSL almost everywhere plus fiber to a growing share of homes. If working from home matters, confirm the options, and fiber in particular, at the specific Park Plaza address rather than assuming.
Duval County total millage runs roughly 17.9 to 18.5 mills depending on the taxing district. The Florida homestead exemption for 2026 is 51,411 dollars for those who qualify, and the deadline to file a new homestead exemption is March 1.
The trap to plan for is the post-sale reset: when you buy, the Save Our Homes cap from the previous owner ends and the assessed value resets to the new just value, so your second-year tax bill is often higher than the seller current one. Budget the true number, and on a high-rise condominium, confirm the master insurance, the reserves, any pending special assessment, and the milestone inspection history before you commit.
Comparisons
Park Plaza's natural cross-shops are the other river-view and walkable condominium addresses in and around historic Riverside. Against 1661 Riverside, a Riverside condominium a short distance away, Park Plaza trades on its direct riverfront position and the wide water-and-skyline views from the upper floors, while 1661 trades on its own building and fee structure; comp the floor, the view, the fee, and the reserves on both. Against the downtown riverfront high-rises across the water, Park Plaza gives up the downtown-core address but gains the walkable Five Points and Memorial Park setting and a smaller, quieter building. And against a single-family bungalow in the Riverside historic district, Park Plaza trades the yard and the architecture for a lock-and-leave lifestyle and the river view. The honest summary: Park Plaza wins on the direct river frontage, the views, and the low-maintenance lifestyle, and gives ground on building scale and on the simplicity of comping in a 57-unit building where the floor and view swing the price.
Who It Fits
Park Plaza fits the downsizer who wants a lock-and-leave river-view unit in a walkable historic district, the professional who wants the urban core and the Five Points lifestyle without single-family upkeep, and the buyer who values a direct riverfront address and the wide water-and-skyline views. It also fits the buyer who wants a smaller, quieter building with on-site management. It does not fit the buyer who needs a yard and detached walls, the buyer who wants resort-style amenities like a pool and fitness center on site, or the buyer uncomfortable with high-rise condominium underwriting; confirm the reserves, the master insurance, any pending assessment, and the leasing rules early. And in a 57-unit building, anyone pricing off a building average rather than the closest comparable in their floor and view will misread the value.

















