Deeded Lot Ownership
The River Club Marina Resort is not in any way a time share, membership, or club membership. Lots are sold fee simple with a warranty deed to the individual lot. You are free to sell your lot at any time. Each lot has been surveyed with boundaries marked by metal pins or stakes.
Condominium Association and Amenities
The resort is governed by a condominium association and is subject to rules and regulations in the bylaws and condominium declaration. As an owner, you have a voice in the management of the resort. The Homeowner’s Association Fee is currently $60 per month per lot. This includes lawn mowing and trimming, garbage pickup, resort maintenance, and resort management. You pay your own property tax, insurance, utility fees, telephone (if applicable), and cable (if applicable).
Cottage Requirements
The resort is designated for Cottages only, subject to approval by the Architectural Review Committee prior to occupying your lot. Cottages are sold exclusively by the developer. No tents, tent trailers, or camper shells are allowed.
Ownership Restrictions
Ownership at the resort is not restricted.
Facilities
The facilities are open to owners and their invited guests and renters. Your guests may visit free of charge. The resort is open year-round and is intended for recreational use.
Lot Use and Landscaping Regulations
You may add extra improvements on your lot, subject to the architectural review committee guidelines and/or approval. You may add trees, flowers, and decks to your lot subject to Architectural Review Committee approval. We offer a number of upgrades that can be included as part of the purchase price or purchased at a later date. You may have two household pets. Dogs must be kept on a leash and picked-up after.
Why Buy a River Club Cottage?
Vacation home ownership is on the rise while the number of water front resorts has not kept pace. This trend is expected to continue as municipalities throughout the United States impose land use restrictions. As a result, owning your own Vacation home is a smart move for a number of reasons. Instead of throwing away money on rent, your mortgage payments build equity and may be tax deductible. In addition, your deeded, Vacation home can generate income for you if you choose to rent.
Consider this scenario: Fifteen years of rent payments vs. fifteen years of mortgage payments. You decide which is best. Thousands of Vacation home owners have already made the decision to own vs. rent. It just makes sense.
Advantages of Owning Your Own Vacation Cottage
Tax breaks may be possible on both the property and association dues if you decide to rent out your Cottage.
Timing is everything: Baby boomers are looking to purchase water front Vacation homes as second homes and sales are on the rise with a scarcity of water front Vacation home resorts that offer full amenities.
Rental income potential: The resort manages the rental of your Cottage. Income is split 50% for the owner; 50% for management.
Owners have a direct say in resort management.
Reservations are never needed. When you own, you are always guaranteed a spot during peak season.