COMMON INTEREST COMMUNITIES

  There is an alterative concept for vacation property ownership in Northern Minnesota.  Common-interest/planned communities
  are a great way to buy that  special “place at the lake.”  You pay only for your own home and building lot, not acreage and
  shoreline, which would drive ownership costs and taxes sky-high.  You will be a shareholder in the common buildings, grounds
  and other facilities. 

  Rocky Point Condominiums Common-Interest Community living is a unique style of home ownership, blending the many
  benefits of home ownership   with the benefits of a planned community. However, with that blending, homeowners face certain
  restrictions that are not generally applicable in traditional single-family subdivisions. These restrictions were felt necessary to
  assure the continued attractiveness and uniform appearance of the community.

Development and construction are governed by a set of design standards and land use restrictions known as covenants that provide
the community with stability, control and predictability. Your investment is secured by these architectural guidelines and protective covenants.  These covenants will also protect
property values for all property owners and will provide for investment potential in the case of increasing property values, especially waterfront properties.  

As a shareholder in all or a portion of the development, you are a mandatory, dues-paying member of the development's homeowners association - the organization responsible
for the upkeep and care of buildings and grounds. The decisions about running the development and the budget are based on rules, regulations and other operating guidelines
not unlike those used to regulate a business.

BENEFITS OF THE PLANNED/COMMON-INTEREST COMMUNITY

MONEY – pay less, enjoy more!  Since you only own your home and lot and a percentage of the total development, you don’t have a huge investment in the extra
acreage or shoreline. 

TAXES are much lower as you only “own” your home and lot but you still have all the perks of having your own lakeshore retreat…solitude, beautiful views, access to
hundreds of miles of waterways and year ‘round living to relish all the wonderful northern Minnesota seasons. 

LOW MAINTENANCE – the association does ALL the maintenance of the common areas, buildings and docks.  You need only maintain your home and lot.  And if you
don’t want to do that, we can suggest professionals to do that! 

RESTRICTIVE COVENANTS protect the integrity of the community – i.e. home design and exterior colors, landscaping, maintenance of personal property.  More importantly,
development and construction are governed by a set of design standards and land use restrictions that provide the community with stability, control and predictability.
And your investment is secured by these architectural guidelines and protective covenants. 

Rocky Point Condominiums Common-Interest Community is in an area that offers access to all of Voyageurs National Park as well as Rainy Lake to the north and Ontario’s
Quetico Provincial Park to the east.  Add these areas together and you have a four season recreational area that is that is second to none! This water-dominated landscape
is a beautiful and rugged area.  Breath-taking scenery, world class fishing and unlimited access are an added bonus!

The gateway communities of Kabetogama and Ash River offer a range of facilities including dining, resorts, houseboat rentals, gift shops, campgrounds, convenience stores
and marinas.  Fishing, boating, snowmobiling, canoeing and cross-country skiing are literally right outside your door!  These areas are still close enough to golfing (10 courses
within a 90 mile radius), shopping and support services that we all enjoy and need.

With this basic overview of the concept for common-interest communities, please peruse the rest of the Rocky Point Condominiums pages to see what is available in the
woodlands, wilds and waters of northern Minnesota.  We hope that you join us in the enjoyment and usage of these very special areas.  

Dave Kepler; Realtor® Broker/Owner, American Woods & Waters Realty
10339 Ash River Trail, Ash River, MN  55771    Ph: 218-374-3026    Cell: 218-240-4730      E-Mail

Jill Kiner; Realtor®  Sales Agent, 9801 Gappa Rd., Kabetogama, MN  56669     Ph: 218-875-3063   E-Mail

Members of the National Assoc. of Realtors®, Minnesota Assoc. of Realtors® & The Range MLS
Licensed Real Estate Agents in the State of Minnesota