Stone Ridge is an idyllic community of 14 private townhomes located on Upper Gull Lake in the City of Lake Shore, MN. Stone Ridge provides scenic views and luxurious common space and Lodge amenities. These are not condominiums. Each unit is one half of a twinhome and each unit is an individual land owner of the property under their townhome and as well as a partial owner of the common space usable for all members. Each of the 7 buildings are unique and each unit within each building has unique floor plans. The property is managed by the Stone Ridge on Gull Townhomes Association according to its by-laws and is run by a Board of 5 members. The Association has bi-annual membership meetings usually on Memorial and Labor day weekends.
Monthly Membership Dues
|Units and Association Insurance||$ 101.26|
|Lawn Cutting||$ 69.24|
|Units Siding Re-staining||$ 53.57|
|Transfer to Reserve||$ 41.54|
|Repairs and Maintenance||$ 49.27|
|Snow Removal||$ 44.43|
|Dock Installation and Removals||$ 17.89|
|Capital Improvements||$ 14.42|
|Garbage Collection||$ 15.87|
|Electricity (MN Power)||$ 6.35|
|Lodge Expenses||$ 16.16|
|Natural Gas (Xcel)||$ 5.19|
|Total Current Monthly Dues||$ 450.00|
In addition to monthly dues there is often an annual assessment for improvements or projects of about $ 1,000.