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About Banning's Sun Lakes Country Club

How is this new Stimulus Package going to affect YOU?

Sun Lakes Realty Banning, CA: Real Estate Brokerage in Banning, CA

After weeks of listening to the news, and reading about "The Economic Stimulus Package" also known as The American Recovery and Reinvestment Act of 2009, it has passed both the House and the Senate. Now how does this affect YOU if you are trying to buy or sell your home? The new Stimulus Package has a few things in it that affects Real Estate Transactions. If you are like the rest of us, we just want to know how this will affect us and the home we want to buy or sell. In other words how will this affect YOU?

Our office is dedicated to listing and selling homes in the three Active Adult Communities of Sun Lakes Country Club, Solera at Oak Valley Greens and Beaumont's Four Seasons. All three of these developments are Guard Gated Resort Style communities in Banning and Beaumont, CA. If you are thinking of buying in one of these communities and you haven't bought a home in the past 3 years, and meet a few other requirements, then there is good news for you.

How the new Stimulus Package concerns you, and your Real Estate Needs

Sun Lakes Realty in Banning gives Tax Rebate info

One of the things the Stimulus Package did was raise the limit for FHA loans, however The Average Price for a home in Sun Lakes, or Solera, or Four Seasons is not anywhere near the FHA loan limit of $727,000, so this wouldn't affect anyone buying or selling in one of these 3 Active Adult Communities.

The next big thing is The Tax Credit of $8,000 - this one is something that could affect you. Before this new Stimulus Package this was a $7,500 LOAN, which you had to pay back in payments over a period of 15 years. The good news for you is that now it is NOT a LOAN. Here's how it works:

  • If you are a 1st time Home Buyer (haven't bought a home in the past 3 years)
  • Must buy a home Between January 1,2009 and December 31,2009
  • You have to live in the home for at least 3 years, or you will have to pay the money back.
  • Income limits for people that file single or joint (taxes)


If you are looking to buy or sell in Sun Lakes Country Club

Call us to see how one of our Certified Senior Specialists can help you

Sun Lakes Realty in Banning, CA wants to make sure that our clients and prospective clients have the information they need to help them with all their Real Estate Needs.

Sun Lakes Country Club, 55+ Active Adult Guard Gated Golf Community

Sun Lakes Realty Banning, CA: Real Estate Brokerage in Banning, CA

Sun Lakes Corner Sign

In 1987, the Presley Company began sales of the first phase of Sun Lakes Country Club in Banning. After more than 10 years of building and continual new sales, Pulte Homes purchased the project and finished the remaining unbuilt homes in 2003. This grand community of just over 3300 home sites offers 51 different floor plans from which to choose. Condos make up 7 of these plans. The smallest condos are approximately 850 Square Feet and the largest home is just over 2600 Square Feet. These homes and condos are scattered on and off the Executive and Championship golf courses. The beauty of this active adult community comes from the impressive mountain backdrops, the mature meticulously maintained grounds, the great recreational facilities and of course, the friendly people and atmosphere. Golfers in Sun Lakes
The City of Banning is located between Redlands and Palm Springs in the San Gorgonio Pass with its elevation at approximately 2500 Feet. This location makes for ideal temperatures ranging 10-20 degrees cooler than the desert in the summer and the enjoyment of all four seasons. That's right - you might see snow. Sun Lakes Country Club has easy access to shopping at the Sun Lakes Village Shopping Center where you will find anchor stores such as Albertson's, Rite Aid, K-Mart/Sears, Downey Savings and Mobile Gas Station. The San Gorgonio Pass is booming with a new shopping center being built a few blocks away with such anchor stores as Super Wal-Mart, Kohl's, Home Depot, Wickes Furniture, a Chili's Restaurant and Wells Fargo Bank. Medical needs are served with Beaver Medical Clinic and the San Gorgonio Pass Memorial Hospital which is located less than a mile from the Sun Lakes Country Club main gate.

Sun Lakes Championship Golf Course

Every Sun Lakes purchaser will pay the one-time fee of $950.00 per lot, non-transferable, before close of escrow for the social membership of Sun Lakes Country Club. All homeowners pay a monthly fee of $193.00 to the master association for maintenance of the 3 clubhouses, restaurant, 3 pools, tennis courts, private streets, 24 hour guarded gate entrance and basic cable TV service with HBO and Show Time. The new homeowner will also be charged a $250.00 transfer fee which will cover the transfer of that address to the new owner. A gate transponder must be purchased at a cost of $40.00.Sun Lakes Golf Course

If you prefer a low maintenance lifestyle, you may want to purchase a condominium in one of the three sub-associations. The monthly sub-association fees are $124.00 (Lakeside I), $133.00 (Lakeside II), or $136.00 (Fairway Villas) which cover outside maintenance of the structure, landscape maintenance, insurance on the buildings and upkeep of the exclusive pool and spa which are to be used by condo and town home residents only. Your total monthly association fee would then equal $317.00, $326.00 or $329.00 respectively.

Sun Lakes is located in Riverside County and the property tax rate is approximately 1.25%.

The Championship Golf Course is 18 holes and Homeowner's Daily Green Fees are $42 per person + cart rental, if needed. Unlimited golf for 2008 is $1875 (cash/check) or $1950 (credit card) per person + cart rental, if needed. The unlimited annual rate includes play on the Executive Course at no additional charge.

The Executive Golf Course has 18 holes and Homeowner's Daily Green Fees are $20.00 (for 18 holes), $14.00 (for 9 holes) + cart rental or $925 (cash/check) or $950 (credit card) annual rate per person for 2008. You must pay additional fees to play the Championship Golf Course if you are an annual unlimited member of the Executive Course.

Sun Lakes Realty has a number of beautiful homes and condos listed for sale. We would welcome the opportunity to show you the Sun Lakes community and help you narrow your choices in finding the perfect home for you in the perfect location. Thinking of renting before you make a purchase? We also have a limited number of rentals that are available should you want to give it a try before you buy.

Sun Lakes Realty Office

We look forward to assisting you with the purchase of your next home.