About our Community

The co-op is a corporation, with a corporate board of directors that are elected by the shareholders, and each resident is a "shareholder." Co-op buyers do not sign a deed. Instead, they purchase shares of ownership in the corporation from the current homeowner. Shares include a lease granting ownership of a specific unit. Currently, the cost of a share is $33,500 which is transferrable and not part of the operating budget.

The co-op has a “maintenance fee,” which combines your portion of a) the taxes on the land (which provide you with a certain amount of tax deductibility); b) water c) septic d) trash collection e) street lighting f) road maintenance g) HD cable television channels as well as all other current and future aspects for the upkeep of the entire village. Currently, the maintenance fee is $355.00/month.