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Welcome to your Seal Beach Real Estate resource website
for properties located in LeisureWorld.
DID YOU KNOW?
The community opened it's gates in 1962 with the first residents moving in
The community sits on 533 acres
There are approximately 9,000 residents
There are 6,482 - 1 & 2 Bedroom Apartments (sorry no financing on these)
There are 126 2 bed - 2 bath Condos in Mutual 17 which can be financed
There are 16 Mutuals 1-12 and 14-16, excluding #13
Cable, electric, and phone are not part of dues
You own stock in a mutual corporation and membership in the Golden Rain Foundation
Mutual is a corporation of which you own a share of stock with rights of occupancy
Requirements:
Age 55 or older to purchase (spouse can be any age)
Must be able to live independently and provide a health letter from doctor
Income must be 4 times greater than the monthly dues & taxes.
(Taxes are 1.2% of purchase price)
(Association Dues vary from $261 to $320 depending on Mutual)
Must have $25,000 in Reserve for a minimum of six months, can be CD, savings, etc.
1 pet is allowed 25 lbs or less (cat or dog)
1Bedroom apartments no more than 2 occupants
2 Bedroom apartments no more than 3 occupants
Golden Rain Foundation Membershipfees:
1 person = $1,330 2 persons = $1,795 additional person $465
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