Frequently Asked Questions
As a soon-to-be-resident, you may have a few questions swimming around in your head about our condos or services. Read up on a few frequently asked questions below! If you don’t find the answer you’re looking for, then feel free to contact us!
Q: When will Las Velas Village be completed?
A: Las Velas Village is completed and ready for occupancy.
Q: Will there be deeded boat slips?
A: There are 27 Boat Slips made of concrete pilings and wood deck at Las Velas Village. These boat slips are 9.5' x 22' and will have water, electric and a fish cleaning station. 21 of the boat slips will be sold at $35,000.00 each. 6 boat slips will remain open for temporary boat parking.
Q: Will there be boat storage on site?
A: There will be no on-site storage for boats and boat trailers. Developers may consider providing boat accessory storage lockers to owners providing that there is enough space on site.
Q: Will there be assigned parking spaces?
A: Each unit will have one reserved parking space and one unassigned.
Q: Are there rental restrictions at Las Velas Village?
A: Per the condo declaration (Page 17, 7.01 b) there are no rental restrictions. However, the Association may impose a 3-5 day rental minimum if so voted, also parking (2 spaces), occupancy restrictions (8 persons total) and on site check-in for renters and unaccompanied owner's guests. Renters may not have pets. The goal is to achieve full service management for the Homeowners Association.
Q: Will there be any pet restrictions?
A: Las Velas Village owners are permitted to have pets under 40 pounds. All pets must be on a leash.
Q: Will there be gated security?
A: The site plan includes a gated entry at the entrance of Las Velas Village just past the neighboring South Padre Marina.
Q: What are the estimated annual taxes and insurance?
A: The taxes and insurance amounts have been estimated for each unit as follows:
- Taxes: Unit A - $7,247.75, Unit B - $6,885.36
- Insurance: Unit A - $2,277.00, Unit B - $2,202.00
Q: What are the reoccurring annual maintenance HOA fees?
A: The fees have been estimated for each unit and are as follows:
- HOV FEES: Unit A - $4,633.00, Unit B - $4,480.00
Q: What does the monthly HOA fee cover?
A: HOA fees cover cable, water, maintenance, and trash. Electricity is individually metered.