Thread: Condo living
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Old 03-05-2007, 03:00 PM   #7
jrc
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Condo fees at Samoset are based on square footage. My two bedroom plus loft condo was around $340 a month or about $4000 a year. The taxes add almost another $4000 a year, so that's the cost issue.

The boating situation there is unique. There are over 130 condo units and about 30 docks and 40 moorings. Owners are allowed one boating sticker per unit, renters cannot bring boats. In the early years, the amount of people requesting stickers was pretty close to the amount of spaces. My last season (2005) the association contracted with Glendale marine to store overflow there. Only holiday weekends had overflow.

Boat storage is first come - first serve, every day. So when you go out for the day you don't know what you will get when you get back. You may get a dock or you may get a mooring. Theoretically you could stuck with nothing and have to go to Glendale. It never happened to me.

The saving grace was that renters couldn't have boats, so as long as a lot of units were rented, everything was fine. But more and more people are buying these to use as summer weekend homes. Eventually something has to give.
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