Land Lease
Explanation & Benefits
Land lease communities are very popular in states and regions that attract retirees. Many people are looking for an age 55+ Active Lifestyle Community. Plantation Oaks of Ormond Beach is the East coast’s newest and most attractive choice in that category.
Land lease communities like ours, consolidate and reduce typical homeowner costs. This allows people with reduced or fixed incomes to purchase nicer homes less expensively, enjoy abundant amenities, and “stretch” their monthly budgets to allow for a richer lifestyle in their 55+ years.
2021 Plantation Oaks of Ormond Beach monthly lease fees:
What’s included!
10,300 square-foot clubhouse:
Main ballroom(4000 sq. ft.) with 15ft movie screen and surround sound
A café / sports bar with pool tables, big screen televisions, dart boards, indoor shuffleboard, bluetooth sound system
State of the art commercial style kitchen
Fitness facility
Card / game room
Outdoor amenity center:
We include a beach style entry swimming pool heated year round, 2 screened salt water spa jacuzzies, 2 outdoor propane gas grills, large screened in patio, propane fire pit, outdoor bluetooth sound system
2 fenced dog walks, 4 pickle ball courts, 2 tennis courts, horseshoe pits, shuffleboard courts, bocce ball courts, resident golf cart parking with charging stations
All outdoor amenities are equipped with LED lighting
Community features:
Gated community entrance with attendant
Lawn care services
Wide sidewalks throughout the community
Land Lease rates:
Standard lot - $695 per/month
Premium lot - $715 per/month: These lots are on a nature preserve, corner, or have no homes behind them.
Waterfront lot - $735 per/month
Land lease offers significant financial advantages compared to purchased land HOA communities:
The cost to purchase and develop a home site in a community, with a low density like ours, in this area of Volusia County, would be $75k plus. This is one of the reasons our home prices are $75-100k less than would be found in a “land own” community. That's money you are not spending or mortgaging in your purchase. With a typical mortgage, that $75k investment would have added $500 per/month to your monthly budget.
1.
When you purchase a home in Plantation Oaks, you do not pay property taxes. The developers and owners pay the taxes. Similar new homes in this area of Volusia County, where you purchase the land, are taxed between $3,500 and $4,000 per/year. Land-leasing here equates to a savings of $300+ per/month.
2.
Gated communities, where you purchase the land, with similar amenities as Plantation Oaks, charge an average HOA fee of $300 per/month. We do not have an HOA fee; our services and amenities are included in your land lease.
3.
Plantation Oaks provides lawn maintenance, including watering, fertilization and mowing. These lawn care services on similar lawn sizes would cost more than $150 per/month. We save you that $150 monthly cost. You will have more time to enjoy our amenities and the beautiful Atlantic Ocean beaches around us.
4.
When you add-up all the savings!
Land leasing at Plantation Oaks, when compared to buying the land, paying taxes and HOA Fees in our area; Plantation Oaks can save you more than $550 per/month, or $6,600 per/year!
Find Out More About Plantation Oaks
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