Monthly fees are $1500 for the new luxury retirement enclave in McLean

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It says only $1400. That includes central security, fitness center with spa, pool, concierge, parking garage. Given the home price, that doesn’t seem crazy to me. Buyers are wealthy older people who want to live in McLean, still have a large place, want new construction, elevators, and want high end community amenities. I bet they sell quickly.

I can afford 3M cash but the expected monthly charges on top of property taxes are hard to swallow. I wo t have anything left to help my offspring in this hostile economic environment

You are not their target market. They are marketing to people with NW of $10m +.

Do these people want to live in McLean for their retirement? Genuinely asking.

Yes, why not? We just retired in GF. Custom ranch, one level living. Need excellent med care, good options, culture, peers to hang out with. Can’t get that out of major metro locales. $$ not everything.

[Anonymous]

McLean has a lot of elderly even in the regular neighborhoods so they probably have quite a few friends in the area. I would think Sunrise a few blocks away would be a better option because you are right in downtown and you can move along as needed with care easily.

[Anonymous]

Sunrise is not an alternative to these very nice townhomes. Sunrise is not a retirement community nor independent living. The Mather is

[Anonymous]

Anonymous wrote:McLean has a lot of elderly even in the regular neighborhoods so they probably have quite a few friends in the area. I would think Sunrise a few blocks away would be a better option because you are right in downtown and you can move along as needed with care easily.

For god’s sake lady, how can you say Sunrise and this place in the same sentence?

[Anonymous]

a townhouse hoa usually just covers basic maintenance, trash, and plowing for 100 a month. This covers a lot more and is a small community hence the higher price.

[Anonymous]

but it doesn't include meals, medical care, staff to teach exercise classes, weekly cleaning, or transportation if needed. Hence why it is lower than many other retirement communities

[Anonymous]

these townhouses are beautiful but i think miss the mark for the needs of the population they are catering to. they will turnover quickly in relative terms as the needs change as they age

[Anonymous]

Anonymous wrote:

Anonymous wrote:It says only $1400. That includes central security, fitness center with spa, pool, concierge, parking garage. Given the home price, that doesn’t seem crazy to me. Buyers are wealthy older people who want to live in McLean, still have a large place, want new construction, elevators, and want high end community amenities. I bet they sell quickly.

I can afford 3M cash but the expected monthly charges on top of property taxes are hard to swallow. I wo t have anything left to help my offspring in this hostile economic environment

If you are sweating an annual fee that is 0.6% of the purchase price, you cannot really "afford" the $3m. Sorry.

[Anonymous]

you guys realize that the baby boomers of this country are the richest generation esp after 2016 run up in stocks??? the amount of money in retirement of these folks is greater than you can imagine and the fees are a joke for those in this age group

[Anonymous]

Curious to see how this place does. We have a lot of age-in-place elderly in our McLean neighborhood who specifically state they don't want to be surrounded by old people. They have their social circles through Church, community center, country club, etc. If you visited our neighborhood on a weekday, you might think it was part retirement community part daycare between the elderly and the tots with nanny's. It's probably cheaper for them to stay and hire one of those services that manages everything than it is to move to a community like this luxury one.

[Anonymous]

Anonymous wrote:What I don't get is the huge storefront windows and being directly on a main "downtown" road without benefit of any true walkability.

It's so your neighbors can look in and see you lying on the bathroom floor (picture 9). If they like you, they'll probably call 911.

[Anonymous]

Anonymous wrote:Curious to see how this place does. We have a lot of age-in-place elderly in our McLean neighborhood who specifically state they don't want to be surrounded by old people. They have their social circles through Church, community center, country club, etc. If you visited our neighborhood on a weekday, you might think it was part retirement community part daycare between the elderly and the tots with nanny's. It's probably cheaper for them to stay and hire one of those services that manages everything than it is to move to a community like this luxury one.

This. A lot of elderly also have one level homes and some build ramps for wheelchair access. They have space for their caretakers to come and park and take care of them all day. They can hire cleaning services and outsource food preparation and grocery shopping (many restaurants and delivery services). There are many options for elderly with money to not have to move to special care housing, and often staying in your older home can be cheaper unless it's falling down and needs $$$ renovations. Plus, some have kids visit and stay, and are considering passing their "land" to their kids instead of selling. I now see more sales of older mcMansions that used to be hot new homes for families a decade ago than I see the sales of old homes. Used to be the other way around, but trends are reversing.

[Anonymous]

Anonymous wrote:It says only $1400. That includes central security, fitness center with spa, pool, concierge, parking garage. Given the home price, that doesn’t seem crazy to me. Buyers are wealthy older people who want to live in McLean, still have a large place, want new construction, elevators, and want high end community amenities. I bet they sell quickly.

Great location BUT they are not selling quickly. One sold for about 2.3. Small indoor pool- Hamptons with townhouses/garages has big outdoor. Same for the mid /high rises that have for decades been a target of older downsizers.

If not over 60 and had outdoor pool like Hamptons, the dev would sell better. Evans Farm price points with a pool.