Frequently Asked Questions (FAQs)

“The Ridge” Lots

Q  How many lots compose the Mountain Falls community?
A  
There are a total of 230 lots consisting of:
Phase I:  144 Lots (sold out, resales available)
Phase II: 86 Lots compose The Ridge (61 New developer lots available)

Q. What are the standard dimensions of the pad and the lots?
A. Phase I:  Each pad measures 20′ x 60′.  Each lot measures approximately 38′ X 92′.
Phase II: Each pad measures 20′ x 70′.  Each lot measures approximately 50′ X 100′.

Q. What options are available for the lots?
A. Phase I:  Pavers, outdoor living spaces(i.e. Kitchens, fireplaces, etc.) subject to architectural control.
Phase II: Coach cottages, pavers, arbors, outdoor living spaces (i.e. kitchens, fireplaces, etc.) subject to architectural control.

Q. What are the standard utility hookups?
A. Phase I:    50 amp service, water, sewer, irrigation, electricity, CATV, Wi-Fi & telephone
Phase II:  200 amp service, water, sewer, irrigation, electricity, CATV, Wi-Fi, telephone & fiber optic High Speed Internet.

The Clubhouse and Amenities

Q. What are the clubhouse and recreational facility amenities?
A. Clubroom, bar, fireplace, lounge, meeting room, outdoor firepit , garden terrace, state of the art fitness facility, locker rooms, two pools, two pool houses, two hot spas, poolside grill, executive 9 hole par three golf course, tennis court, bocce ball and pickle ball courts.

Ownership

Q. How does ownership work?
A. Each Fee Simple lot is individually owned while all common areas, such as streets, buildings, and amenities are owned in common by all lot owners through the P.O.A.

Q. Are there maintenance fees associated with ownership?
A. Yes, a monthly maintenance fee of $295 is billed quarterly and provides the following services for the resort: upkeep and maintenance of the common areas, including the golf course and individual lots, water & sewer, cable TV and Wi-Fi throught the resort, and trash pickup. There is a two month Advance Deposit contributed to the Reserve Fund.

Q. What additional fees are the owners responsible for?
A. Owners are responsible for the following:
• Electricity (provided by Haywood Electric)
• Telephone service (Provided by Comporium)
• Taxes (billed annually by Transylvania County)
• Private high speed internet available only on The Ridge (provided by Comporium)

Q. Are there any Protective Covenants?
A. Yes, a copy of the complete set of CC&Rs are available at the Manager’s office and on-line.

Q. Is there a rental program?
A. Yes. There is a full service Rental Department. All rentals are handled through the reservations department at the sales center

Q. How is lot rental income distributed?
A. The lot owner receives 60% of the rental income and the POA receives 40%.

Q. Are there any restrictions on what type of improvements I can make on my lot?
A.
All improvements must be approved by the ARC (Architectural Review Committee).

Q. What are the current rental rates?
A. The current rental rate structure is as follows:

Standard Deluxe Luxury & “The Ridge”
Off-season (Nov 1 – May 23) $65/night $75/night $95/night
$420/week $490/week $630/week
$1,650/mo $1,820/mo $2380/mo
               
Peak season (May 24 – Oct 31) $75/night $85/night $105/night
$490/week $560/week $700/week
$1,890/mo $2,100/mo $2660/mo

Property Owners Association

Q. How does the Property Owners Association work?
A.
The POA (Property Owners Association) currently consists of 144 property owners and is operated as a Homeowners Association. The anticipated membership will be 230 as Ridge Properties are sold. An annual meeting is held in October of each year. Each property owner is a member of the Association with one voting right.

Q. What is the make up of the Board of Directors?
A. The Board is comprised of 5 members who serve staggered, two-year terms. The elected offices are President, Vice President, Treasurer, and Secretary, with one member at large. All board members are lot owners. There are no outside association members or officers.

Q. How does the Board govern the daily affairs of the Resort?
A. The Board sets policies and procedures which are implemented by the General Manager. The General Manager is employed by the POA and is responsible for daily operations.

“THE RIDGE” Coach Cottage, Amenity and Lot Development

Q.  What is the minimum setback requirement from the street and rear of the lot (for the cottage)?
A.  The building setback is front 20ft, back 20ft, sides 5ft, all is site plan specific and exceptions can  be submitted for approval by architectural review committee (ARC).

Q. What are the size requirements for a coach cottage?

A. Coach Cottage size can be up to 400 square feet of enclosed finished area.  Covered Porch area can be an addition 500 square feet.  Elevations are subject to the approval of the ARC.

Q.  When do we expect to finish the clubhouse?
A. Clubhouse construction will be complete April 2015.

Q. When will the lots be available for occupancy?
A. Now

Q. When will there be some finished cottage prices?
A. Prices vary greatly based on the square footage of the plan and the type of finishes selected.  Submit your design and finishes to the ARC for approval and obtain pricing estimates from your builder.

Q. What down payment will be required on both the lot and the cottage?
A. We require a 10% deposit on the lot and a 20% deposit on the cottage.

Q. What is the purchase process for a lot and/or coach cottage?
A. 1.  A Purchase Agreement will be received within 1 week of your lot selection. 2.  Earnest money of 10 % will be submitted  with the purchase agreement.  3. You close the sale within 2 weeks of final plat approval.

Q. Once I purchase the lot, what do I need to do get my lot and coach cottage constructed?
A.  1.  Design your site plan.  2.  Design your coach cottage.  3.  Submit your site plan and coach cottage design to the ARC.  4.  Submit the approved plans to your builder for a cost estimate.  5.  Submit the required documents to the county   for permitting.  6.  Provide your required deposits and begin construction.

Q. When can I begin the construction of my coach cottage?
A. Coach Cottage construction can begin as soon as you close on the purchase of your lot.  Design must be approved by the ARC and county permits need to be obtained prior to construction.

Other Items of Interest

Q. Is the resort open all year round?
A. Yes, the resort is open all year round.

Q. What are the Motorcoach requirements
A.
Mountain Falls Luxury Motorcoach Resort is designed for the convenience and enjoyment of Class A motorcoaches only. All coaches must be a minimum of 25 feet in length.

Q. Is the resort open all year round?
A. Yes, the resort is open all year round.

Q. Is there on-site parking for trailers, boats, tow dollies or extra vehicles?
A. There is storage on-site, as well as several storage facilities within a short distance from the resort.

Q. What are the GPS coordinates for Mountain Falls?
A. The GPS coordinates are 35 07’13.28 N 82 56’11.06 W
However, please use driving directions provided by Mountain Falls at www.Mountain-Fallsrealty.com