Question 1

What does resident-owned cooperative mean in practice?

Accepted Answer

When you purchase a cottage at Atlantic Heights, you own specific stock in the housing cooperative — not a rental, not a lease. As a shareholder you have a vote in how the community is governed, the same mortgage interest and real estate tax deductions as individual homeowners, and the protection of the Gain Sharing™ Program when you sell.

Question 2

What's the relationship between The Cottages, The Inn, and Seal Rock?

Accepted Answer

The Cottages are independently owned residential homes. The Inn (assisted living) and Seal Rock (skilled nursing) are operated separately by First Atlantic Healthcare on the same campus. Cottage homeowners have priority access to both — so if your needs change over time, you don't have to leave the community you know.

Question 3

Are pets allowed?

Accepted Answer

Dogs and cats are welcome. Other pets are considered on a case-by-case basis. There is a pet application process.

Question 4

How does the Gain Sharing™ Program work?

Accepted Answer

When you sell your cottage, you're guaranteed ninety percent of the appreciated resale value — not just your initial investment back. The Atlantic Heights sales team handles the resale marketing at the annually determined price. Consult your tax advisor regarding capital gains treatment for cooperative housing.

Question 5

What's there to do at Atlantic Heights?

Accepted Answer

Quite a lot. Exercise groups, book discussions, movie nights, arranged trips to Portland for performances and events. The Inn's heated indoor pool hosts water volleyball. The warming tub is always open. Life here is as active as you want it to be.

Question 6

How do I find out when a cottage becomes available?

Accepted Answer

Sign up for availability alerts in the section above, or contact Chris Davis at Places in Maine directly. Atlantic Heights is a 46-home community — being on the list early matters.

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