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By the early 1980s, the community had sold only 400 units. Schwartz bought out Tarrson's interest in improving the business and brought his son, H. Gary Morse, on board in 1983. Morse noted that the thriving retirement communities (such as Del Webb's Sun City developments) offered numerous well-maintained amenities to the residents. They also ...
An age-restricted community is a residential community, often gated, that legally discriminates on the basis of age to limit residency to a majority fraction of older individuals—typically 80% over a set age. The minimum age is frequently set at 55 years old, but it can vary.
In Florida alone there are niche retirement communities for Polk County retired letter carriers (which was union-built); for car buffs and RVers, such as Lake Weir Preserve in Marion County; for first-generation Indian immigrants (55-and-over) in Tavares, in the Greater Orlando area, Lake County, Florida.
Even if you can afford to live in a 55-plus community, additional fees will have a way of eating into your retirement budget. For example, amenities can total roughly $200 a month, meaning an ...
It was established 50 years ago on 263 acres in central Florida as a haven for members of the letter carriers union, with 500 garden-style apartments (all on ground level) surrounding a 15-acre lake.
Residents at the 55+ community Century Village Pembroke Pines said they'll be paying $100-$200 more due to "skyrocketing insurance premiums.” “We are over $700 a month in HOA fees, and they ...