FAQ – Hammock Bay

FAQs

LOT SALE PROCESS

How much is the Lot Reservation Deposit?

$10,000 due at the time of signing the Lot Reservation Agreement payable to the Escrow Agent. Deposit is fully refundable at any time.

If I sign a Lot Reservation, when do you anticipate an additional deposit?

Total of 10% of Lot Purchase Price (non-refundable) deposit due at time of signing Lot Contract.
Buyer will receive a credit for the $10,000 deposit already paid at the time of Lot Reservation.

When will I be expected to sign a Lot Purchase Contract?

Upon start of site construction (projected to be in early 2025) all Buyers with valid Lot Reservation agreements will receive a Notice of Commencement from the developer together with the Lot Sales Contract for the subject Lot. Buyer to return signed Contract with a total of 10% nonrefundable deposit. [Deposit IS fully refundable if Developer fails to start construction of the project].

When will I have to close on the Lot Purchase?

Projected in October 2025 at completion of Site Construction. Buyer will receive a Notice of
Completion from the Developer and both Buyer and Developer will work in good faith on the Lot
Closing and as further outlined in the Lot Purchase Contract.

SITE DEVELOPMENT and CONSTRUCTION

What is the projected Site Construction start date?

February 2025

What is the projected Site Construction completion date?

Approximately 8 months after start of construction – currently projected to be by September 2025.

When do you anticipate Plat approval?

Projected date: March – April 2025

When can I start designing my home Construction plans?

At Buyer discretion and date to be determined between Buyer and Builder.

While Developer is in Site Development phase will Hillsborough County Building Department review individual home construction plans for each Lot?

Yes, after plat approval date.

What is the estimated home construction completion date and move in date?

Date to be determined between Buyer and Builder.

Can I bring in my own builder?

No.

Can I be my own General Contractor?

No.

What are the Home Design Guidelines - what styles are allowed?

The ACC does not seek to restrict design to any specific type – but rather maintain the overall aesthetic relationship between homes, natural amenities, waterways, and surrounding neighbors. See HOA Declaration & Design Standards Manual for detailed information on design standards and requirements and Plan approval process.

SEAWALL and BOAT DOCKS

What’s going to happen with seawalls?

New seawall to be built by developer and delivered to the Lot Buyer at Lot Closing.

Who owns & maintains the seawall?

Upon purchase of the Lot the seawall which is located next to each Lot is owned by the Lot Owner and to be maintained by the Lot Owner. See HOA Declaration for more details.