Villa Monterey in Scottsdale’s Old Town

Grey laughing man outside

Villa Monterey in Scottsdale’s Old Town. Homes in Villa Monterey are comprised of twin/town home styles with both one and two levels.  This is a bit unusual since the majority of Active Adult Communities have only single level homes.  There are a wide variety of floor plans available, and many homes have been remodeled in recent years further expanding the floor plan possibilities.

The proximity to Old Town has made this community a very desirable one for winter visitors who enjoy walking to dining and shopping in Old Town Scottsdale.   It has 9 HOAs, one for each of the sections built from 1961 thru 1973.  Each of the HOA’s has different regulations regarding rentals and one has lost its’ HUD qualification to restrict residents by age.   Each has a pool and park area.  At one time the 9 hole Villa Monterey Golf Course was a popular part of the community.  Scottsdale purchased the course and it is in the process of becoming Camelback Park, running parallel to Hayden Road next to the Chaparral Parks.

Villa Monterey has just (6/11) been recognized by the City of Scottsdale as an historic district. The official name is Villa Monterey Units1-7 Historic District.

 

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Villa Monterey
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The Verdes: Tonto Verde, Rio Verde and Vista Verde

3 Active Adult Ladies in the pool

Tonto Verde and Rio Verde are exceptionally beautiful communities to the north of Scottsdale and Fountain Hills, accessible by either route. Known as “The Verdes” they are nestled northeast of the McDowell Mountains.  The McDowell Regional Park forms the west boundary, to the south is the McDowell Indian Community and the east and north adjoin the 2.9 million acre Tonto National Forest. This is an outdoorsman or woman’s retirement dream. Hiking trails abound, horse stables are numerous and the views are of mountains and forests. These master planned adult communities offer a wide range of custom designed homes and lot sizes in a magnificent setting, with a lifestyle as unique as their setting.  Tonto Verde’s 18 hole putting course and the course itself are extraordinary.  The Verde’s beautiful clubhouses are designed for both indoor and outdoor enjoyment, maximizing views and sunsets from outdoor terraces. Rio Verde’s 17,000 sq ft clubhouse features a pub area, an enlarged grill and terrace area in a casual atmosphere.  A separate dining area offers cuisine in a more formal setting. The Tennis Club has six courts, two are lighted, a year round pro and a pro shop. Each Verde has a large pool with lap lanes, fitness center, and assorted multipurpose rooms.

The third community of “The Verdes” was to be Vista Verde.  In its’ early development during the real estate turn-down, it was sold.  The golf course was renamed Tegavah which is the Yavapai word for “Gathering Place” and was then sold a second time to Shea Builders.  The Shea Active Adult Community trademark is their “Trilogy” communities.  Be on the lookout in 2015 and 2016 for Trilogy at Tegavah !  It will be the first Active Adult Community to be built in the North East Valley in many years and will be well publicized.  Contact us for information as we have it.

 

 

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The Verde’s
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The Verde’s
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Can I rent my home?

Glass in the GardenYes, in most instances. It will depend upon the CC & R’s of the community. Very few prohibit renting. They will have restrictions on either how many renters in a given year, or the duration of rental. If the home is in an age restrictive community, you must only rent to people who are a minimum of 55 years of age or more. Be sure to read the HOA rules first. 

HOWEVER if you have purchased a new build from the builder  you may have restrictions on its resale and or rental within a given period, usually one or two years.  This clause was in your contract with the builder and was designed to prevent investors from purchasing homes for resale or rental in the community. If you did not purchase your home directly from the builder you do not have to be concerned about that clause only the CC &R’s.

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Can my children inherit my home in an Active Adult Community?

Grand CanyonIf the way you have chosen to take title passes that ownership on to your children, yes.

The one consideration is that your children will have to abide by the HUD age restrictions in order to reside in the property if they inherit from you, they will not be permitted to live in the property if they have children under 18 living in the household.  Inheritance is the purpose of the HUD 80/20 rule for 55+ Adult Communities wherein 20% of the residents may be 45+ years old.  All other Home Owner Association (HOA) rules must be followed as well.

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Where Can I park my RV?

Glass in Desert Botanical GardensProbably not in your yard, unless it is low enough to be hidden from all sides by the fencing height approved in your community. You will be allowed to keep it in your drive for a time considered by the Home Owners Association (HOA) to be appropriate for loading and unloading. You will not be able to use it as a guest-room. There are many RV storage areas in the valley. There is a caravan of RVs on the highways exiting AZ in June and returning in November and most all of them live in storage areas for the winter.

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I don’t play golf and most of the communities have golf courses, do I have to buy a golf club membership?

Happy Senior Man Throwing Frisbee Outside in SunshineA few of the communities do require that you purchase a membership along with your home purchase. Most do not. Each community is different and you must clarify exactly what is and is not included in your Home Owners Association (HOA) fee.

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If the community I like has a golf course, which is open to the public will it always be that way?

Scottsdales McCormick Ranch Country ClubMaybe not. Many communities will minimize the cost of maintaining a course by allowing the public to play. In some cases, when the course has enough paid memberships to support itself, it will close to the public.  Another item to consider, is that even though a golf course is running through the community, it may not be owned by the Home Owners Association (HOA). 

 

 

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What are CC & R’s?

Scottsdales McCormick Ranch Country ClubThe Covenants Conditions and Restrictions are the governing documents that dictate how the homeowners association operates and what rules the owners — and their tenants and guests — must obey. These legal documents might also be called the bylaws, the master deed, the houses rules or another name. These documents and rules are legally enforceable by the homeowners association, unless a specific provision conflicts with federal, state or local laws.

It is very important that you understand the regulations imposed by the CC&Rs. They may restrict the color you can paint your home, the height of your fence, the parking of vehicles, the size and number and even the breed of your pets. Most of the restrictions are sane and logical and go a long way in preserving the value of your home investment by keeping the neighborhood’s visible condition well maintained.

We joke and tell folks that the good CC&Rs mostly tell you what your mom might..…like "get that dead car out of my driveway" or "no, you are not going to paint my house that color" , "get that lawn mowed today" or " you cannot bring every rescue dog in town home" etc.

 

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What is an HOA ?

butterflys on the fanA Home Owner Association (HOA) is formed when the builder of a community turns the operation of the community over to the home owners. Even in a community without amenities there are requirements upon the association to maintain common area landscaping along its’ streets as well as flood control and drainage areas. The HOA also enforces the regulations written into the CC & R’s of the community.

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What is a planned community?

Rocks stacked with fall leaves in Sedona ArizonaA Planned Unit Development, or PUD is a residential project that features dense clusters of houses surrounded by areas of open space, owned in common and maintained by a nonprofit association. The nonprofit is generally a Home Owner Association (HOA)

 

 

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