Specializing in the Real Estate of Piper's Landing Y&CC

HOA Membership Dues

Equity Contributions (one time)
Buyers pay in $75,000 to Piper’s for their Equity ~ $35,000 is non-refundable and $40,000 is refundable.
$10,000 of the $35,000 is paid in with the application for membership.
The non-refundable portion is for the Capital Fund. This fee is non-refundable after the purchase of a home.
The refundable portion goes into the Operating Fund.
The Sellers receive their refundable proceeds out of your Equity contribution.
Food & Beverage minimum per fiscal year $1,200 (prorated)
Renovation Assessments are billed at the end of the month and are not prorated.
Villas and
Custom Golf Med Villas on Med Villas on Cottage Condos Condos
Membership Dues 2019-2020 Homes Style  Gleneagle  Troon Style 4660 & 4680 4061 & 4081
HOA Qrtly Contribution Capital  $                     474  $              474  $                      474  $                      474  $                474  $                  474  $                 474
HOA Qrtly Membership Dues  $                  5,601  $            6,087  $                   6,158  $                   6,334  $             6,345  $               5,645  $              5,645
Condo Qrtly Dues  $                  850  $                 884
Condo Qrtly Reserve  $                  425  $                 350
Subtotals  $                  6,074  $           6,561  $                   6,632  $                   6,808  $             6,818  $               7,394  $              7,353
Monthly Clubhouse Renovation  $                     120  $              120  $                      120  $                      120  $                120  $                  120  $                 120
Annual Clubhouse Renovation  $                  1,000  $           1,000  $                   1,000  $                   1,000  $             1,000  $               1,000  $              1,000
Total Annual Dues & Exp Payments  $                26,738  $         28,684  $                 28,968  $                 29,671  $           29,714  $             32,016  $            31,852
Jan ($120 Assessment mthly on EOM No Proration  $                     120  $              120  $                      120  $                      120  $                120  $                  120  $                 120
Feb  $                  6,194  $           6,681  $                   6,752  $                   6,928  $             6,938  $               6,239  $              7,473
Mar ($1000 assessment billed EOM)  $                  1,120  $           1,120  $                   1,120  $                   1,120  $             1,120  $               2,395  $              1,120
Apr  $                     120  $              120  $                      120  $                      120  $                120  $                  120  $                 120
May  $                  6,194  $           6,681  $                   6,752  $                   6,928  $             6,938  $               6,239  $              7,473
Jun  $                     120  $              120  $                      120  $                      120  $                120  $               1,395  $                 120
Jul  $                     120  $              120  $                      120  $                      120  $                120  $                  120  $                 120
Aug  $                  6,194  $           6,681  $                   6,752  $                   6,928  $             6,938  $               6,239  $              7,473
Sept  $                     120  $              120  $                      120  $                      120  $                120  $               1,395  $                 120
Oct  $                     120  $              120  $                      120  $                      120  $                120  $                  120  $                 120
Nov  $                  6,194  $           6,681  $                   6,752  $                   6,928  $             6,938  $               6,239  $              7,473  Avg
Dec  $                     120  $              120  $                      120  $                      120  $                120  $               1,395  $                 120  Homes
Total  annual for Homes  $         28,684  $                 28,968  $                 29,671  $           29,714  $            29,259
Total annual  for  Custom & Condos  $                26,738  $             32,016  $            31,852
Total Avg Monthly Dues & Reimbursed Expenses  $                  2,228  $           2,390  $                   2,414  $                   2,473  $             2,476  $               2,668  $              2,654  $              2,438
Less Estimated Amenity Costs  $                  1,425  $           1,425  $                   1,425  $                   1,425  $             1,425  $               1,425  $              1,425  $              1,425
Less Avg Monthly Condo Expenses & Reserves  $                  425  $                 411
Homeowner Expenses Paid by Piper’s  $                     803  $              965  $                      989  $                   1,048  $             1,051  $                  818  $                 818  $              1,013
% of Homeowner Expenses in Dues 36%   40%     41%      42%    42%    31%      31%     42%    
Homeowner Expenses included in Piper’s HOA Dues (Average)
Estimated Values. Used a home outside of Piper’s for some values.
Landscaping & Yard Care  $                     255   Custom homes pay their own due to their individualized landscaping and larger yards.
Water & Sewer  $                     170   Piper’s is on one master water meter.
Comcast TV Cable  $                       95   You pay only for premium channels and internet services.
Tips on Food, Beverages & Golf  $                     278   All your tips on the golf course and in the clubhouse are covered in your dues.
Swimming Pool Expenses  $                       65   Six common area heated pools.
Alarm System & Security Gates  $                     150   Manned security gates & 24/7 patrols
Total Home Costs Covered by Piper’s Dues  $                  1,013
.
Average Hoa Dues For Homes  $                  2,438
Home Costs Covered  $                  1,013
Average Calculated Cost Of Amenities  $                  1,425
The Condominium COA Includes:
A Reserve Fund for future major repairs including the roof.
Exterior repairs and maintenance on the pool, building, and cart barn.
Exterior building, pool, and property damage and liability insurance.
Then you have Intangible costs or costs that vary by individual.
Security and Emergency Response. Priceless
Unlimited Golf & Tennis There are no Trail Fees or charges for use of an extra golf cart.
Guest Golf Fees Guest Fees for golf are $75 in season and $20 in the summer.
Nonresident family can play with you for free after 3 pm.
Access to other private clubs Reciprocals for golf and dining with other private clubs in
Martin, Palm Beach, St Lucie, and Indian River Counties.
Reduced Real Estate Taxes Real Estate taxes are based on what is paid for a home.
Homesteaded properties are limited to a 3% increase per year.
No state, county, or city income taxes This is a big-ticket item for our Northern friends.
Today’s Dollars The Fair Market Value of your home less the cost of a home in Piper’s?
Tomorrow’s Dollars The Value of your home in Piper’s when you decide to sell?
This document was prepared by and is the property of William James Forbes Realtor and Broker with Jim Forbes Real Estate, LLC Palm City, FL.
This information has been obtained from sources believed reliable, but it is your responsibility to confirm its accuracy and completeness.
772-370-2466  cell or text  ~  JimForbesRE@gmail.com  ~  www.JimForbesRE.com