Unmatched VALUE in a Coastal Carolina Community – Cypress Landing

“If you find a community that is stronger financially, better managed and delivers greater value than Cypress Landing, you should move there!”

Are you considering purchasing property in a community or development with a Home Owners Association (HOA) or Property Owners Association (POA)?  Before making a purchase, it’s critical you understand fees they impose and their financial reserves to verify they will deliver the value you expect.

Some associations have annual fees of thousands of dollars.  Others, due to poor financial management, have a history of “surprise” assessments on owners for even routine maintenance expenses.  Many associations quote low annual dues but have add-on fees for every little amenity or activity that renders real value comparisons difficult.  Or the developer retains majority votes in HOA financial decisions.

 

Cypress Landing in coastal North Carolina makes it simple: Unmatched Value in Coastal Living!

–Here’s how it’s done–

The HOA, Golf Club and Marina are all community owned and organized as separate non-profit corporations.

  • HOA:
    • Low annual dues ($1224 in 2017) include all amenities except the golf club and marina. (Includes: Bay Club, the Iris members-only lounge, 3 pools, Fitness Center, Tennis Center, expansive common areas & ponds, landscaping, nature trail, use of kayak & trailer storage areas, meeting and event spaces, social & cultural events.)
    • No Assessments—ever. No debt.  No delinquent dues.
    • .61% property tax ($1833/yr on $300K property)
    • Stable full time community association management staff of three.
    • Annual budget ~ $800,000. Annual independent audit.
    • Reserves in excess of $1M. Rated “strong” by Community Associations Institute.
    • Active Board of Directors elected by owners. Strong Finance Committee.
    • Many of our 720 property owners volunteer within the community, keeping costs low.
  • Golf Club:
    • 4 Star Golf Digest rated course has no initiation fee!
    • The most expensive membership (family unlimited play) is only $3096/yr. Contact us for other options!
  • Marina:
    • Hands down, the lowest monthly boat slip cost-per-foot in the region!
    • Full time dockmasters.  Amenity packed.
    • No debt. Strong reserves.  Fully insured.
    • Yacht Club membership is only $30/yr. Yes, $30.

Where are you going to live?