Ocean Ridge Lawsuit

The Coastal Companies began more than 30 years ago and it is now one of the leading real estate and development teams in southeastern North Carolina. Working hard to create extraordinary coastal lifestyles, the dedicated staff of The Coastal Companies holds itself to the highest standards and maintains a supreme level of excellence.

Comprised of Mark Saunders Luxury Homes, Coastal Construction, Coastal Development & Realty, Coastal Vacation Resorts, four championship-level golf courses, and an impressive class of coastal communities such as Ocean Ridge Plantation, Rivers Edge Golf Club & Plantation, and SeaScape at Holden Plantation, The Coastal Companies is a respected real estate and development company in North Carolina.

There is a pending Coastal lawsuit regarding Ocean Ridge Plantation, and date and mediator for this Coastal lawsuit are expected to be selected by The Ocean Ridge Master Association and the Ocean Ridge developer. The coastal lawsuit pertains to overpaid assessments by the Ocean Ridge developer. According to the protective covenants, when the governing body of the Ocean Ridge Master Association, which is the property owners’ association for Ocean Ridge Plantation, was turned over to board members elected by the property owners, the developer’s assessments should have ended.

The protective covenants called for the developer to be exempt from property assessments beginning when the turnover occurred, however, the exemption provision was overlooked, and companies managed by the developer were still billed and continued to pay for assessments on home sites they owned.

The community development team ended up filing a lawsuit against the association and a mediation facilitated by a certified mediator is expected to be held. There is, however, still a chance that both parties could resolve the matter prior to mediation.

“We look forward to resolving this issue fairly and equitably,” said Mark Saunders, developer of Ocean Ridge Plantation and The Coastal Companies.

The Coastal Companies is conveniently located between Wilmington, N.C., and Myrtle Beach, S.C., in the southeastern coastal stretch of North Carolina known as the Brunswick County islands.

Whether you’re looking for a new home, an amenity community, golf, or a vacation, the amazing properties and management of The Coastal Companies has you covered. There’s no doubt about it, The Coastal Companies has perfected what it means to live the coastal Carolina lifestyle.