The Cost of Insuring Expensive Waterfront Homes Is About to Skyrocket

[Marthe48]

22. It has city water, electricity, gas if we want it

The sewage is a pond system. There is a sediment pond the lots can hook their drainage pipes to. We have an HOA which collects dues for pond chemicals. The pond gets regular testing from local EPA and they keep a sharp eye on it. The pond is a nightmare. We have many property owners who won't pay their dues (35/yr for empty lots, 125.00/yr for lots with structures. The HOA rules include no renting out, no year round living. Some people bought 6 lots with the idea of improving them and putting for to 6 campers on each lot to rent to frackers. Members of the HOA got the news out and turned down their request to do that. The pond wouldn't have handled that much effluvia.

I think there are 2 or 3 people who live on their property year round. Most of the places aren't used often. The HOA expires in 2024, and I don't know if there are plans to renew it, or try to get city sewage installed. There is a water treatment plant less than 1/2 mile away. If the last flood didn't wash into the pond, it came pretty close.