Coral Ridge Subdivision

What Coral Ridge Subdivision's governing documents say

Coral Ridge Subdivision is a single-family-home community in Wilmington, NC, with some lots (50, 51R, 52) that have limited amenities and lower assessments. The declaration governs land use, stormwater compliance, and association operations. It is a standard HOA for homeowners.

• What you own & maintain: You own your lot and improvements in fee simple. The association maintains private roads and common areas; lots 50, 51R, and 52 are also responsible for access easements on their property.
• Assessments & fees: Regular assessments cover road upkeep and reserves. Lots 50, 51R, and 52 pay only for roads and common areas that serve them (e.g., ponds, utilities), not for pool or clubhouse. Late fees are 4% of the amount due, interest at 10% per annum, and fines up to $150.
• Stormwater & environmental restrictions: Alteration of drainage requires state approval. Maximum built-upon areas: Lot 50 – 7,000 sq ft, Lot 51R – 8,285 sq ft, Lot 52 – 19,656 sq ft. A 30-foot vegetated buffer must be maintained between impervious areas and surface waters. Roof drains must terminate at least 30 feet from the mean high water mark.
• Use restrictions: No lot may be subdivided. No obstruction of utility easements. Owners must get association approval before altering common elements.
• Developer rights & future phases: The developer can add phases, change unit configurations, and amend the declaration without owner consent until December 31, 2015. The developer retains architectural control until all lots are sold.
• Enforcement & liens: The association can impose late fees, interest, fines, and liens for unpaid assessments. Liens are subordinate to first mortgages. Foreclosure is allowed under North Carolina law.
• What this document doesn't cover: This declaration does not specify rules about pets, leasing, parking, or architectural review for individual lots. Those may be in separate rules and regulations.

Plain-language summary generated from the governing documents on file for this community. It may be incomplete and is not legal advice — read the full documents below or consult the official recorded versions.