What is a Co-op?
A housing cooperative or “co-op” is a type of residential housing option that is actually a corporation whereby, an owner (Shareholder) will own a share of the co-op rather than owning the actual land site the home is on.
SHARE and NON-SHARE
Homes are sold with a share or as non-share. What is the difference?
Homes sold with a share: buyer owns the home, a 99-year Proprietary Lease on the Land on which the home sits, a Membership Certificate in the Co-op. The holder of the Membership Certificate and Proprietary Lease are entitled to one vote in the meetings of the Corporation. These residents are classified as Shareholders.
Homes sold as non-share: buyer owns the home and is renting the land from the Co-Op. These residents are classified as Homeowners.
If home is sold as non-share, can I purchase a share?
Yes, a share may be purchased from Old Bridge Village Co-op, Inc.
What is covered in Assessments and Rents?
Shareholders pay a monthly Member Assessment and are responsible separately for real estate taxes. Homeowners pay a monthly Homeowner rent that includes 24 hr manned security gate, real estate taxes. General items covered for all residents are waste and recycle pick up, maintenance and landscaping of all common areas within the Park including Amenities.
How is the Co-op governed?
Old Bridge Village Co-op is governed and run by a Board of Directors. They manage the staff, create policies and procedures, and make decisions. Their job is to make sure the Co-op is healthy and functioning well. The Board is made up of elected residents who volunteer their time. The Board meets monthly. The Park and residents are also governed by Rules and Regulations which must be adhered to.
What do the Sales Office and Management Office do?
The Management Office is overseen by the Community Association Manager (CAM). The Office staff is responsible for many behind-the-scenes items including working with the Board of Directors, daily operations of the Park, bookkeeping, facility issues, as well as many other administrative duties. The CAM also oversees the Maintenance Department and the Sales Office. The Office staff is available to assist residents as needed and always ready to answer any question.
The on site Sales Office staff are available to assist in finding the perfect home at Old Bridge Village Co-op. They also assist in selling your Old Bridge Village home. Since they are on site they have expertise to walk you through the ins and outs of the real estate process from beginning to closing for a Co-op. Set up an appointment with the Sales Office staff and take a golf cart tour of the Park and properties available.
Is this a gated community?
There is a 24 hr manned gatehouse, which provides excellent security.
Are pets permitted?
Yes within our two designated pet sections, known fondly as Paw Paw and Dog Patch. Only dogs, cats, birds, and fish in an aquarium are allowed. The maximum number of approved pets (dogs and cats) allowed in a home is three (3) in total; only two (2) dogs permitted per home. Pets must be immunized and licensed in compliance with the Lee County Animal Control Ordinance.
BOATS & RECREATIONAL VEHICLES
I have a boat, where can it reside?
Several homes are located on the water and have a boat dock. For houses without a boat dock, the Private Marina offers docks which may be leased for one year for a fee. In addition there is a boat ramp available for Resident use. The deep water canal allows boaters entry to the Caloosahatchee River which offers no-bridge access to the Gulf of Mexico.
I have a RV, where can it reside?
The Park has several Long Term Parking spots to allow parking for recreational vehicles such as RVs, boat trailers, and campers. The spaces may be leased for one year for a fee; on a space available basis.
What is nearby Old Bridge Village Co-op, Inc?
Everything you may need is within a short drive from Old Bridge Village Co-op, Inc. Grocery stores to choose from include Winn-Dixie, Publix, and Walmart Supercenter all within 5 miles of the Park. Multiple banks, Home Depot, and Lowes are nearby. For serious shoppers, don’t miss the outlets at Miromar and Sanibel.
Fun activities can be found at Jet Blue Park which hosts the MLB Red Sox , the Century Link Sports Complex hosts the MLB Minnesota Twins, or visit the unique Shell Factory & Nature Park. Golfers have their pick of over 50 courses in the local area. Several beaches can be explored up and down the Gulf of Mexico. Many local venues hold art, musicians, and theater productions. Be sure to visit breathtaking downtown Fort Myers, Sanibel and Captiva Island, and Naples beaches to experience an amazing Florida sunrise or sunset.
What airports are nearby?
Southwest Florida International Airport (RSW) – 18 miles
Punta Gorda Airport – 25 miles
Sarasota Bradenton International – 65 miles
Other airport options are located in Tampa, Orlando, Fort Lauderdale, and Miami.
How close are the nearest hospitals?
Lee Memorial Hospital is approximately 7 miles and Cape Coral Hospital 8.5 miles.