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What is El Dorado of Sun City Condominiums?

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phoca_thumb_l_lake viewEl Dorado of Sun City is a true condominium retirement community. Unlike any other resort-style retirement community in Arizona, our residents OWN all 7 1/2 acres of this beautiful lakefront community. When you purchase a condominium home at El Dorado, you obtain a:

  • Fee Simple Deed Plus
  • An undivided 1/249th interest in the “common area”

A fee simple deed entitles you the flexibility to sell or lease your condominium at any time, for any reason. Unlike life care or rental communities, NO developer or
management company is involved, so the entire amount of the sale price or lease amount goes back to you or your estate.*

“Common areas” are those areas used by all residents, such as the main activities building, gardens and courtyards, swimming pool, parking lots, etc.

Because our homeowners automatically become members of the nonprofit El Dorado Homeowners Association, they are entitled to all of the benefits of our
excellent services and amenities, such as elegant dining, weekly housekeeping, chauffeured transportation and much more. These services will be described in
more detail throughout this brochure.

As you read about El Dorado and our unique approach to retirement living, you’ll begin to understand why El Dorado is so special.

*Closing costs for buyer and seller are comparable to selling any other type of Real Estate transaction.

None of the proceeds go to the El Dorado Condominiums Association.

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Pride of Ownership: El Dorado of Sun City Condominium Association

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el dorado of sun city communityEl Dorado of Sun City was built in the late 1980’s in two phases. The first residents moved into the “B” and “C” buildings in December 1986. The 2nd phase, the ” A ” building, was completed in 1990. There are 219 condominium homes currently in El Dorado.

El Dorado has an elected 7-member Board of Directors comprised of residents who bring experience, enthusiasm, creativity and loyalty to the governing of our community.
The Executive Director, Lance Miyatovich and a staff of 80+ employees, directly serve the residents and the Board of Directors.

Several Committees, made up of residents and staff, meet monthly to ensure continued communication and representation. These committees contribute ideas, concerns, and solutions to the Board of Directors, so there is an open and immediate avenue to constantly improve and fine-tune our services, programs and amenities.

El Dorado is owned by the homeowners of El Dorado. There is no corporate pressure to make a profit, since the condominium association is nonprofit. The ownership of El Dorado changes ONLY when an individual unit is resold and one deed and 1/249th interest is passed from one homeowner to another. This ensures that El Dorado’s organization should always reflect ONLY the residents’ interests, not the interest of an outside entity.

The El Dorado Condominium Homeowners Association has received prestigious awards for being the “Best Community Association” in Central Arizona and has been
consistently voted one of the “top Ten Retirement Communities in Arizona” each year by Arizona Business magazine. It is a member of the Community Association Institute, Arizona Small Business Association, Northwest Community Council, and is a contributor to the Ambassadors Clubs of both Sun City and Sun City west — both committed to promoting interest in the Sun Cities lifestyle.