Why are the homes at Vista View Resort so reasonably priced?
The home sites at Vista View Resort are used and occupied on a very long term exclusive lot agreement. The cost of the land is not included in the cost of the home. Buyers at Vista View Resort do not incur the high upfront cost of including the outlay for the land in the purchase price of the home. Residents instead pay the developer a monthly resort fee for the use of the land, the rate being similar in cost to association fees at other resorts. This resort payment covers all costs attributable to the use, operation and maintenance of the resort as well as the payment of the property taxes for a site-build home. In January of 2100, the property is transferred free of encumbrance to the homeowner.
