Sunday, September 16, 2012
Heritage Isle vs. Indian River Colony Club–These Viera 55+ communities aren’t the same…
These are both 55+ communities, gated, and have some similar features.
But there are major differences between these two facilities.
One of the major differences is in age. Heritage Isle consists of new/newer construction with most construction occurring since around 2005 while most of IRCC was built from the late 1980s to early 1990s.
Another age difference is apparently in the resident's age. Although I have seen no documentation, I was told by one representatives at one of the communities the average age of residents at IRCC is around 82 while the average at Heritage Isle is around 62.
But because IRCC targets former military officers (80 percent) there does seem to be a difference environment. To me it seems much more formal. I have said it before...as a retired Navy officer IRCC seems more like officer housing.
There is a construction difference as well with most of the homes in IRCC being frame construction while Heritage Isle is concrete block construction.
Hurricane codes have been revised through the years as well so the cost of insurance is likely less in Heritage Isle.
IRCC is a not for profit corporation which is owned by its residents. Heritage Isle residents own only their home.
IRCC is a totally maintenance free community. Heritage Isle residents pay about $300 a month for the club house, gated entry and other facilities.
These two reasons account for the differences in monthly fees. Heritage Isle monthly fees run around $300 a month while fees in IRCC are much higher.
Fees in IRCC are based on the home's floor plan but a general estimate is they run from about $800-1,000 or so a month. Sure these fees include maintenance but still that is a major difference.
One other minor difference – residents in Heritage Isle can rent their homes or condos out if they are part time residents. In IRCC no rentals are allowed.
I am attaching the fees from the IRCC membership application because for your review.
If a 55+ community in Florida is what you are seeking, these communities along with Viera's Grand Isle community should be evaluated. I am sure one of these will be just what you are looking for in a 55+ community in Florida.
For information on 55+ communities in Central Florida, call me at 321-693-3850 or email me.
The above information is believed to be accurate based on the materials and information provided by sales representatives at both communities.