Piper's Landing Y&CC
2018 - 2019

HOA Membership Dues and Equity Requirements

Membership Application Fee. $10,000Due with membership application. This is a Non Refundable if approved for membership.
Membership Equity Contribution$65,000This is a Refundable Equity Contribution that comes back after your home is sold.
Annual Food & Beverage Minimum $1,200Annually by October 31. Prorated the first and last years
Membership Dues 2018-2019Custom
Homes
Golf
Style
Mediterranean
Villas
Gleneagle
Courtyard
Villas
Mediterranean
Villas
Troon
Cottage
Style
Condos
4660 & 4680
Condos
4061 & 4081
HOA Quarterly Contribution to Capital$374$374$374$374$374$374$374
HOA Quarterly Membership Dues$5,478$5,974$6,047$6,214$6,225$5,517$5,517
Condo Quarterly Dues $850$862
Condo Quarterly Reserve$350$350
Subtotals$5,852$6,348$6,421$6,588$6,599$7,091$7,103
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$25,848$27,832$28,124$28,792$28,836$30,804$30,852
Jan
$120 monthly assessment.
Not prorated
$120$120$120$120$120$120$1,332
Feb$5,972$6,468$6,541$6,708$6,719$6,011$6,011
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$5,972$6,468$6,541$6,708$6,719$6,011$6,011
Jun$120$120$120$120$120$1,320$120
Jul$120$120$120$120$120$120$1,332
Aug$5,972$6,468$6,541$6,708$6,719$6,011$6,011
Sept$120$120$120$120$120$1,320$120
Oct$120$120$120$120$120$120$1,332
Nov$5,972$6,468$6,541$6,708$6,719$6,011$6,011
Dec$120$120$120$120$120$1,320$120Avg
Total Annual for Homes Except Custom$27,832$28,124$28,792$28,836$28,396
Total annual for Condos & Custom Homes$25,848$30,804$30,852
Average Monthly Dues & Expenses $2,154$2319$2,344$2,399$2,403$2,567$2,571$2,366
Average Monthly Condo Expense & Reserves$300$303
Estimated Amenity Costs$1,350$1,350$1,350$1,350$1,350$1,350$13501,350
Homeowner Expenses Paid by Piper's (see Below)$804$969$994$1,049$1,053$917$918$1,016
Percent of HOA paid expenses in Dues37%42%42%44%44%36%36%44%

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$281 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$150Manned security gates & 24/7 patrols
Home Costs Covered by Pipers Dues$1,016
Average Hoa Dues For Homes$2,366
Home Costs Covered$1,016
Average Calculated Cost Of Amenities$1,350

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 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?