Is Winding River in Good Financial Shape? (Brunswick: for sale, HOA)

[missynancy]

Looking next month at Winding River for possible retirement in five years. Seems like there are more homes/lots for sale here than other plantations in Brunswick County. How are the financials in this community? Also, do the homes here need mandatory 'flood insurance'? Thanks much!

[goldenage1]

Originally Posted by missynancy

How are the financials in this community?

Unless there is an accountant on this forum who has examined the books, I don't think anyone on this forum is qualified to answer the question. You would have to ask both the HOA and the developer directly. Perhaps a buyer's agent can help you better than forum members can.

Furthermore, unless an account has a crystal ball, there is no way he can guarantee that the community will be in good shape in 5 years when you build.

FWIW, this company manages the HOA at Winding River: http://camsmgtcommunities.com/cams/i...Plantation+HOA This is the same company that manages our HOA at Mimosa Bay, and they are reliable. You might contact them.

[goldenage1]

Originally Posted by missynancy

How are the financials in this community?

Mikedolan already gave you an answer on the financials question in another thread: "we have a reserve fund of over $1,000,000 for replacement and/or and damages,"

Why don't you send him a direct message about the flood insurance? I don't think there is much flooding danger. I check a random lot on Riverwood Drive SE, and it is 4000 feet from the river, and 4 miles from the ocean. Even if you want a pond-front site, the water would have to rise many feet before it would be close to the house. The lot at 1440 Lone Pine Court looks nice to me, BTW.

BTW, from the aerial views, Winding River looks lovely. There are lots of trees, the community has waterfront, and has a private beach house. I'd put it high on my list.

There may be a large number of lots for sale, buy I think you are worrying too much. During the boom times, speculators bought many lots they never intended to use. I think the lots will eventually be bought up, and growth will be healthy.

[missynancy]

Goldenage1 - i will look at that lot! thank you so very much! your input on these forums have been invaluable to many of us.....just saw a home on Riverwood Drive SE - and didn't realize it was so far from the river - yes, something like this can work!! I will make sure to look at Winding River in April when we go down....