Prairie Village homes are not for sale. You become a resident by means of a Life Lease. The Life Lease is a one time payment to Fairhaven that allows you to live at Prairie Village, rent free, for as long as you choose. You are free to leave Prairie Village at any time and for any reason.
Currently, the base price of homes at Prairie Village is in the $245,000 to $250,000 range. Several factors will determine what your actual home price will be including options selected and any upgrades you may want to include.
Residents pay 100% of the base price of the home plus any options or upgrades. Upon leaving Prairie Village, 90% of that base price, or 90% of the new base price paid by the next occupant, whichever is the lesser, will be returned to you or your estate.* Distribution of the 90% refund will occur only after your vacated home is re-leased to another party. Any upgrades that you elect to include in your home, above and beyond the base price, will remain with the home and are not subject to, nor shall be included in the 90% refund.
The monthly service fee is $394.00 and includes all exterior maintenance of the home, lawn care and snow removal. The fee also includes normal interior maintenance (not housekeeping), and full access to all the amenities, services and activities available at Fairhaven's main campus. You will be responsible for a pro rated portion of the property taxes, your own utilities, including water and cable TV & internet.
* The refund percentage amount will begin to decline after the first ten
years of occupancy. Please contact Fairhaven for further details.