Piper's Landing Y&CC
2019 - 2020
HOA Membership Dues and Equity Requirements
| Membership Application Fee. | $10,000 | Due with membership application. This is a Non Refundable if approved for membership. | |||||||||||||||
| Membership Equity Contribution | $65,000 | This is a Refundable Equity Contribution that comes back after your home is sold. | |||||||||||||||
| Annual Food & Beverage Minimum | $1,200 | Annually by October 31. Prorated the first and last years | |||||||||||||||
| Membership Dues 2018-2019 | Custom Homes | Golf Style | Mediterranean Villas Gleneagle | Courtyard Villas Mediterranean Villas Troon | Cottage Style | Condos 4660 & 4680 | Condos 4061 & 4081 | ||||||||||
| HOA Quarterly Contribution to Capital | $ | 474 | $ | 474 | $ | 474 | $ | 474 | $ | 474 | $ | 474 | $ | 474 | |||
| HOA Quarterly Membership Dues | $ | 5,601 | $ | 6,087 | $ | 6,158 | $ | 6,334 | $ | 6,345 | $ | 5,645 | $ | 5,645 | |||
| Condo Quarterly Dues | $ | 850 | $ | 862 | |||||||||||||
| Condo Quarterly Reserve | $ | 350 | $ | 350 | |||||||||||||
| Subtotals | $ | 6,074 | $ | 6,561 | $ | 6,632 | $ | 6,808 | $ | 6,818 | $ | 7,319 | $ | 7,331 | |||
| 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 & Expense Payments | $ | 26,738 | $ | 28,684 | $ | 28,968 | $ | 29,671 | $ | 29,714 | $ | 31,716 | $ | 31,764 | |||
| Jan $120 monthly assessment. Not prorated | $ | 120 | $ | 120 | $ | 120 | $ | 120 | $ | 120 | $ | 120 | $ | 1,332 | |||
| Feb | $ | 6,194 | $ | 6,681 | $ | 6,752 | $ | 6,928 | $ | 6,938 | $ | 6,239 | $ | 6,239 | |||
| Mar $1000 annual assessment. Not prorated | $ | 1,120 | $ | 1,120 | $ | 1,120 | $ | 1,120 | $ | 1,120 | $ | 2,320 | $ | 1,120 | |||
| Apr | $ | 120 | $ | 120 | $ | 120 | $ | 120 | $ | 120 | $ | 120 | $ | 1,332 | |||
| May | $ | 6,194 | $ | 6,681 | $ | 6,752 | $ | 6,928 | $ | 6,938 | $ | 6,239 | $ | 6,239 | |||
| Jun | $ | 120 | $ | 120 | $ | 120 | $ | 120 | $ | 120 | $ | 1,320 | $ | 120 | |||
| Jul | $ | 120 | $ | 120 | $ | 120 | $ | 120 | $ | 120 | $ | 120 | $ | 1,332 | |||
| Aug | $ | 6,194 | $ | 6,681 | $ | 6,752 | $ | 6,928 | $ | 6,938 | $ | 6,239 | $ | 6,239 | |||
| Sept | $ | 120 | $ | 120 | $ | 120 | $ | 120 | $ | 120 | $ | 1,320 | $ | 120 | |||
| Oct | $ | 120 | $ | 120 | $ | 120 | $ | 120 | $ | 120 | $ | 120 | $ | 1,332 | |||
| Nov | $ | 6,194 | $ | 6,681 | $ | 6,752 | $ | 6,928 | $ | 6,938 | $ | 6,239 | $ | 6,239 | |||
| Dec | $ | 120 | $ | 120 | $ | 120 | $ | 120 | $ | 120 | $ | 1,320 | $ | 120 | Avg | ||
| Total Annual for Homes Except Custom | $ | 28,684 | $ | 28,968 | $ | 29,671 | $ | 29,714 | $ | 29,259 | |||||||
| Total annual for Condos & Custom Homes | $ | 26,738 | $ | 31,716 | $ | 31,764 | |||||||||||
| Average Monthly Dues & Expenses | $ | 2,228 | $ | 2,390 | $ | 2,414 | $ | 2,473 | $ | 2,476 | $ | 2,643 | $ | 2,647 | $ | 2,438 | |
| Average Monthly Condo Expense & Reserves | $ | 300 | $ | 303 | |||||||||||||
| Estimated Amenity Costs | $ | 1,425 | $ | 1,425 | $ | 1,425 | $ | 1,425 | $ | 1,425 | $ | 1,425 | $ | 1,425 | 1,425 | ||
| Homeowner Expenses Paid by Piper's (see Below) | $ | 803 | $ | 965 | $ | 989 | $ | 1,048 | $ | 1,051 | $ | 918 | $ | 919 | $ | 1,013 | |
| Percent of HOA paid expenses in Dues | 36% | 40% | 41% | 42% | 42% | 35% | 35% | 42% | |||||||||
Average Homeowner Expenses included in Piper's HOA Dues
Estimated Values. Used a home outside of Pipers for some values.
| Landscaping & Yard Care | $ | 255 | Custom homes pay their own due to their individualized landscaping and larger yards. | ||||||||||||||||
| Water & Sewer | $ | 170 | Pipers 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 | ||||||||||||||||
| Home Costs Covered by Pipers Dues | $ | 1,013 | |||||||||||||||||
| Average Hoa Dues For Homes | $ | 2,438 | |||||||||||||||||
| Home Costs Covered | $ | 1,013 | |||||||||||||||||
| Average Calculated Cost Of Amenities | $ | 1,425 | |||||||||||||||||
The Condominium Fee covers:
- A Reserve Fund for future major repairs including the roof.
- Exterior repairs and maintenance on the pool, building, and cart barn.
- The 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 the 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 Northern folks. | |
| Today’s Dollars | What is the Fair Market Value of your home less the cost of a home in Piper’s? | |
| Tomorrow’s Dollars | What will be the value of your home in Pipers when you decide to sell? |
Download this document – – Piper’s Landing Y&CC – Membership Equity & HOA Dues – 2019-2020