Springton Lake Village is a small retirement housing cooperative owned and operated by the residents. Co-op residents purchase an equity ownership share – an asset that can be transferred to a qualified successor – and belong to the housing association that governs the community. Residents pay a monthly fee, which covers a high level of services offered to all residents, for example, meals four nights per week, maintenance of home exteriors and major systems, and accessibility to continuing healthcare.
As a legal housing cooperative, we are owned and democratically controlled by our members and resident board of directors. The cooperative is not beholden to investors and is motivated above all by service to our members, not by profit. Here's how it works:
- No entrance fees to pay; a small deposit holds a spot on our Premier Waiting List.
- When a home is available, you purchase a share in the community.
- As a resident, your monthly maintenance fee is used to provide services to the community.
- The Association maintains the exterior of your home (lawn and garden care, snow removal) as well as major systems (HVAC, home security, and, if applicable, gas fireplace).
- The Association provides services to the community at favorable costs with group buying power.
- The Association ensures the continued salability of homes by maintaining a waiting list and ensuring order and decorum is maintained among all homes.
Further details can be provided to you on request and can be explained when you arrange a visit.
Ready to hold your space? A refundable deposit of just $1,500 holds your spot on our Priority Waiting List for these lakeside houses. Call Springton Lake Village today for more information.
