2015 Real Estate Update

Realtor Welcome & Update
•
•
•
•
•
•
•
•
•
•
Today’s Purpose
Cypress Landing Today
Governance
Finances
Services
Amenities
Social Life
Security
Marketing Effort
Key Takeaways
Today’s Purpose
• …to express our appreciation and extend a “Thank
You”
• …to share why Cypress Landing is unique
• …to make sure you have the information you need
to sell property in Cypress Landing
• …to provide facts to build success and encourage
your Cypress Landing sales efforts
“Coming together is a beginning. Keeping together is
progress. Working together is success.”
Henry Ford
Cypress Landing Today
• Permanent residents = 1,150
• Home-sites = 720
• Completed homes = 568
•
•
•
•
900 acres of wooded home-sites, ponds, and Green Space
4 miles of waterfront – on Chocowinity Bay
2nd highest tax-payer in Beaufort County
A diverse population of retirees, locally employed
professionals and families with school-aged children
• Residents from throughout the United States
Cypress Landing Today/on
Chocowinity Bay
Cypress Landing Today/Did
You Know?
• Cypress Landing is home to one County Commissioner and one NC
State Senator
• The community sits 20-25 ft. safely above the flood plain, with no
flood insurance requirements
• Marion Shepard (Marion L. Shepard Cancer Center) was a forwardthinking resident of Cypress Landing
• The word Chocowinity was thought to mean “fish from many
waters,” but is now thought to come from a Tuscarora word for
“otters”*
*Coastal Carolina Indian Center, 2008
Governance/Hierarchy
Property-owners
Master HOA w/
protective
covenants
Governed by
elected 7member Board of
Directors
Cypress Landing
Golf Club
Operating
agreement with
MHOA
Elected Board of
Governors
12 Standing
volunteer-run
committees
Community
Manager and
staff
Cypress Landing
Marina
4 Patio-home
communities
Operating
agreement with
MHOA
Individual
covenants
managed by
elected directors
Managed by
elected board
Governance/MHOA
• Cypress Landing and all of its amenities are owned by its
property-owners
• Governed by a Master Home Owners Association (MHOA)
with a seven (7) member elected board of directors and twelve
(12) standing committees – all volunteers
• Legally tested and binding protective covenants
• Professional Community Manager responsible for 2 full-time
and 3 part-time employees
• The Master Home Owners Association has Operating
Agreements with both the Golf Course and Marina
Governance/Miscellaneous
• Four (4) patio-home communities within Cypress Landing
have separate Home Owner Associations under the umbrella of
the Master Home Owner Association
• Additional dues cover a range of services including
landscaping and reserves for street maintenance
• All five (5) HOA’s function as not-for-profit corporations
Finances
• Community Operating Budget: $750,000
• Annual dues: $1,074 per home/$537 per undeveloped lot = 90% of
budget
• No HOA debt
• Largest budget item: landscaping of common areas
• Property taxes: $.59 per $100 valuation
• Recent capital investments and improvements: replaced Bay Club
pool decking; painted the interior of the Bay Club; purchased new
equipment for the Fitness Center, repaved the Bay Club & Fitness
Center parking lots; built a playground; upgraded 2 bathrooms in
the Bay Club; and modernized the Iris Lounge.
Services/Medical
•
•
•
•
•
Chocowinity Family Care
Chocowinity EMS with paramedics
Vidant Beaufort Hospital in Washington, NC
Marion L. Shepard Cancer Center in Washington
Primary Care physicians, specialists and dentists practice in
Washington and Greenville.
• Vidant Medical Center in Greenville – ranked #8 out of 150
hospitals in North Carolina and #1 in the Coastal Plain*
–
–
–
–
major trauma center east of I-95* with 875 beds
nationally ranked Cardiology Program*
new Children’s Hospital
affiliated with ECU’s Brody Medical School
* As reported in US News & World Report’s
Best Hospital rankings 2014-2015
Services/Miscellaneous
Education
• Chocowinity Primary School is state-ranked as exemplary
• Beaufort County public schools and Community College
• East Carolina University/ECU – Greenville
– Division 1 football, men’s and women’s basketball – the ECU Pirates
– Theater, dance, and music departments produce/sponsor plays, recitals, and
concerts
Retail
• Chocowinity: grocery stores, dollar stores, gas stations, post
office, fast food restaurants
• Washington: big box retail, department stores, restaurants, art
galleries, antique shops
• Greenville & New Bern: national retailers, high-end grocery stores
• Raleigh/Durham: 2-hr. drive
Services/Miscellaneous
Restaurants
• Most national and regional franchises are located in
Washington, Greenville and New Bern
• Variety of independent restaurants
• Nationally recognized restaurants are within driving distance
Airports
• Washington: Warren Field KOCW – open to private and
corporate aircraft
• Greenville: Pitt-Greenville Airport PGV (35 minute drive)
• New Bern: Coastal Carolina Regional Airport EWN (45
minute drive)
• Raleigh: Raleigh-Durham International Airport RDU (2 hour
drive)
Amenities/Golf Course
•
•
•
•
•
•
Community-owned 18-hole course designed by Bill Love
Open for outside play
Golf Digest four (4)-star rating
Six Tee Boxes – 3,600 to 7,000 yards
Bermuda Greens – installed in 2012
Wooded layout, water on six (6) holes, driving range,
putting green, Grill and Pro Shop
• Audubon Certification
• No initiation fee – usage-based membership fees
Amenities/Marina
• 222 floating-dock slips – 28 to 42 feet
• Owner-purchased and owned slips
• Ownership open to non-residents
• Non-resident slip-owners eligible for pool & bar
memberships
• Electrical, water and pump-out capabilities
• Dock-masters on duty full-time
• Annual fee structure
Amenities/no additional fees for
residents
•
•
•
•
The Bay Club social room, meeting rooms, kitchen
The Iris Lounge
Tennis courts – Har Tru green clay surface
Two pools
•
•
•
•
•
•
•
self-directed summer water aerobics
fitness pool offers swimming lanes and after-hours water volleyball
Fitness Center
147 spaces for boat & RV storage
Kayak storage – 39 spaces assigned annually
Children’s playground
“Nature Trail”
Social Life
• Yacht Club
• Men’s and Women’s Golf Associations
• Women’s Club: Book Club, Mothers with Young
Children group
• Dinner clubs and game groups
• Sunday Night Movies
• Easter Egg Hunt
• Memorial Day parade
• Community parties with home-grown
entertainment
• Friday Pot Lucks
• …and much more
Cypress Landing and the
Greater Community
• Volunteer opportunities in local schools, church
outreach programs, food pantries, the Brown
Library, as Master Gardeners, in construction crews,
and in the arts
• Fund-raisers supporting local organizations
– Major golf tournament for the Marion Shepard Cancer
Center
– Women’s Club fundraisers support local schools, food
pantries, fire and EMS, and others
• Military Appreciation Day
• Political involvement in issues affecting Cypress
Landing
Security
• Beaufort County Sheriff
• North Carolina Highway Patrol
• Chocowinity volunteer fire and full-time EMS
with paramedics
• Beaufort County Emergency Communications
Center: 911 and emergency alerts
• Community Storm Protocols
• No thru traffic
• No reported property damage or break-ins
Marketing Effort
Restarted, refocused, reenergized
• The Marketing Committee’s mission is to promote
Cypress Landing
• Local and select national advertising
• Improved Marketing Web Site
• Information kiosk in the Marina Lounge
• Lead development and sharing
• Information mailings & newsletter
• Discovery and Ambassador programs
Key Takeaways
•
•
•
•
is a vibrant and engaged community
is a well-managed waterfront, wooded, golf course community
is 100% owned and managed by residents & property-owners
is diverse, providing a variety of amenities, custom homes, and
activities for all life-styles and interests
• is financially strong, offering value and cost-effective living
• is safe and secure…residents care about each other and the
greater Beaufort County community
• is investing in its many assets and building for the future
CypressLanding.com
CypressLandingNC.com