PURCHASING A HOME
If you are interested in living at Americana Cove and wish to purchase a home, you can do that in one of several ways:
1. You may purchase a share in the coop and select an empty lot on which to place a new manufactured home of your choice. There are several companies which offer beautiful, new homes.
2. You may purchase a previously owned home with a share attached.
3. You may purchase a previously owned home without a share and then rent a lot or purchase a share.
Estoppel Certificates – Estoppel Certificate should be requested by writing to the Americana Cove Business Office at 7201 1st Street NE, St. Petersburg, FL 33702 or by email to [email protected] .
As a shareholder, do I own real property?
Yes, when you own a share in Americana Cove you have ownership in the corporation that owns the entire community. The state of Florida also views you as having ownership of the property on which your home is placed.
As a shareholder, what fees do I have to pay?
Once you purchase a share and a home you will pay a monthly maintenance fee, which currently is $195. This fee pays for water/sewer, lawn mowing and edging, trash removal, 24-hour gate attendants and use of all coop amenities. In addition, you will pay real estate taxes on your home and share. For those choosing to become full-time Florida residents, a $50,000 Homestead Exemption is available.
Is financing available for my share and home?
Financing of your new Americana Cove share is available through the coop at a low interest rate. Our local sales office, Barefoot Reality, can provide information regarding the availability of home financing. See the Sales .