Frequently asked questions

A cooperative is an organization where the members have ownership. Our for-sale cooperative community for those 62+ combine the benefit of home ownership with a low maintenance, community-focused lifestyle. Each member owns a share in the cooperative's master mortgage.

Applewood Pointe offers carefree, one-level living that makes it easy to enjoy your retirement years. Just as with a single-family home, you will have pride of ownership and build equity, while enjoying the savings that come with the economies of scale that a cooperative offers.

Pricing can differ depending on a variety of factors, including riverside/non riverside location, size of home, the share cost percentage selected by the original owner, appreciation since the building opened and home upgrade finishes. Feel free to give us a call, and we’d be happy to share more detailed pricing with you.

The monthly payment includes mortgage principal and interest, real estate taxes, operating expenses, lender-required reserves, as well as interior and exterior maintenance, sewer, water, gas, trash and recycling. It also covers liability insurance, legal, accounting and professional management. Fees vary by size of floor plan. Home phone, internet and satellite TV are also included in monthly payment. Members pay for their own personal contents insurance and electricity.

Your guests can stay in your home or in a guest suite. Our cooperative has two guest suites which can be reserved and rented at a very reasonable rate (far below the cost of a hotel).

Every home has its own in-home laundry room with full-size washer and dryer. Additional features may include cabinet storage and laundry tub. No more carrying baskets to the basement!

Every home comes with an additional storage room. Depending on the home, the storage room may be located in the garage, on your floor, or on a floor above or below you.

Applewood Pointe cooperatives do not have a commercial kitchen. However, just like in your own home, you can arrange for food to be delivered.

Applewood Pointe communities are pet friendly. You may bring up to two pets (dogs or cats), each weighing 25 lbs. or less. Please contact us directly for more information.

There are 17 communities which are located in Apple Valley, Bloomington, Champlin, Eagan, Eden Prairie, Maple Grove, Minnetonka, New Brighton, Roseville, Shoreview and Woodbury. Currently, we are serving more than 2,000 adults 55+ and 62+ within our orchard.