Dreamy Draw Drive Condominiums
You own a unit plus a share of the common elements; the association maintains the building and grounds.
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What Dreamy Draw Drive Condominiums's governing documents say
Dreamy Draw Drive Condominiums is a condominium (horizontal property regime) community in Phoenix, AZ, created in multiple phases. Unit owners own their individual unit space (from finished floor to finished ceiling, inside the undecorated walls) and an undivided interest in the common elements, which the association maintains and insures. This document is the Phase I Declaration, establishing the initial 16 units and the framework for annexing additional phases (Phase V adds 8 units). Key rules include association voting rights, blanket easements for utilities, and a time limit for annexation.
- What you own & maintain: You own the space from the top of the finished floor to the underside of the finished ceiling, bounded by the interior of the unit's finished but undecorated walls. Balconies, patios, and courtyards are part of the unit and for exclusive use. The association maintains the common elements (e.g., buildings, landscaping, utilities) and carries master insurance.
- Association & voting: The association (Dreamy 7300 Association) governs the property. Each unit owner is a Class A member with one vote per unit. Declarant holds Class B membership with three votes per unit, which converts to Class A upon certain events (e.g., when Class A votes equal Class B, or three to five years after first unit sale).
- Annexation & expansion: The declarant reserved the right to annex additional phases (Parcel 2) within 7 years of the original declaration, subjecting them to the same covenants. Phase V was added with 8 units (percentage interests listed, e.g., Unit 1: 11.78%).
- Easements & utilities: A blanket easement exists across the property for utility installation and maintenance (water, sewer, gas, phone, cable, electricity). There is also a specific easement for fireplace flues from first-floor units through second-floor unit balconies, indicated on the plat.
- What this document doesn't cover: The provided excerpt includes only the first few paragraphs of the Phase I Declaration (through Annexation). It does not include specific use restrictions (e.g., pets, leasing, age limits, noise, parking) or architectural rules. Those may appear in later paragraphs (8–27) that were not provided or in separate rules and regulations.
Key facts from Dreamy Draw Drive Condominiums's documents
- Community type
- Horizontal Property Regime (Condominium) (Title and recitals)
- Legal name
- Dreamy 7300 Association, an Arizona nonprofit corporation (Section 1.3)
- Units / lots
- 8 (Phase V) (Section 3)
- Developer / declarant
- 7300 LIMITED PARTNERSHIP, an Arizona limited partnership (Page 1 recital)
- Governing law
- Arizona Revised Statutes Sections 33-551 through 33-561 (Section 1.1 and recitals)
- Assessments & dues
- Maximum $840 per Unit per year for Phase I units (same model type). For other phases, based on square footage. (Phase I Declaration Section 9.2)
- Special assessments
- Permitted; beyond those in paragraphs 12 and 13 require 67% vote of each class. Share based on square footage. (Phase I Declaration Section 9.3)
- Collections & liens
- Delinquent assessments, late charges, interest, costs, and attorneys’ fees become a lien on Owner’s Condominium; subordinate to first mortgage except for assessments due after foreclosure sale. Lien may be foreclosed like realty mortgages. (Phase I Declaration Section 9.1)
- Reserves & fees
- Adequate reserve fund for maintenance, repair, and replacement of Common Elements that must be replaced periodically. (Phase I Declaration Section 9.1)
- Parking & vehicles
- Each Condominium has exclusive right to one parking space on its Parcel, as shown on Plat; appurtenant and non-severable. Board manages unassigned spaces. (Phase I Declaration Section 8)
- Insurance
- Each Owner responsible for insurance on personal property, additions/decorating, and personal liability (to extent not covered by Association’s policy). (Phase I Declaration Section 11)
- Voting & meetings
- Class A: Owners – one vote per Condominium owned; Class B: Declarant – three votes per Condominium owned. Class B converts to Class A upon earliest of: (a) total Class A votes equal Class B votes for that parcel, or (b) 3 years after first (Phase I Declaration Section 4.2)
- Amendments
- Not fully detailed in excerpt; paragraph 6 cannot be amended without Declarant's written consent (Section 6.G). Special assessment increases require 67% vote of each class. (Phase I Declaration Section 6.G, 9.2, 9.)
- Amenities
- Recreational facilities situated on Common Elements; Association may charge admission and other fees for their use; may suspend use for assessment delinquency or other breach. (Phase I Declaration Section 4.5)
About this HOA
Dreamy Draw Drive Condominiums is a homeowners association in Phoenix, AZ.
HOAproxy has 2 documents on file for Dreamy Draw Drive Condominiums: 2 recorded documents. Last updated 2026-07-24.