Financial Options

Purchasing a condominium and becoming a resident at The Fountains at Sea Bluffs couldn’t be easier. Here’s how it works.

We offer four purchase options to choose from. Below is an overview of how each option works. One of our sales associates will be happy to review the details with you.

Benefits of Life Estate

The purchase of a condominium under a Life Estate contract confers lifetime occupancy rights. Because you hold legal title to the condominium you have added financial security as well as the freedom to make choices regarding health care. Financial benefits include the security of knowing that regardless of the condition of the real estate market, you will receive a guaranteed refund and the estate or family will not have to carry the burden of selling your home; you or your estate stops paying the monthly fee upon leaving the community or at death; and since you have title ownership, you can take advantage of any applicable tax benefits.

PURCHASE OPTIONS

90% Life Estate Option*

Purchase your condominium using the 90% Life Option* and, upon permanently leaving the community for any reason, your family or estate will be guaranteed a refund of 90% of the original purchase price.

50% Life Estate Option*

Purchase your condominium at a discounted price using the 50% Life Option* and, upon permanently leaving the community for any reason, your family or estate will be guaranteed a refund of 90% during the first year, decreasing thereafter by the percentage as designated on your purchase contract for each month of occupancy until the refund amount reaches 50% of your discounted purchase price.

0% Life Estate Option*

Purchase your condominium at an even greater discounted price using the 0% Life Option* and, upon permanently leaving the community for any reason, your family or estate will be guaranteed a refund of 90% during the first year, decreasing thereafter by the percentage as designated on your purchase contract for each month of occupancy until the refund amount reaches 0%.

Fee Simple Option

When you purchase your condominium at fee simple price, there is no refund guaranteed upon leaving the community for any reason. Monthly fees continue until the condominium is resold. Costs of selling and refurbishing the condominium to market condition will be the responsibility and the expense of the resident or the estate. The Fountains reserves the right of first refusal to re-purchase it at 90% of the then current condominium market value.

*Please note that with each of the Life Estate Purchase Options, real estate taxes are the responsibility of the resident. Refunds will be payable upon the resale of the condominium. Residents are encouraged to consult with a financial advisor regarding the purchase option that will meet their needs.