What Seniors Love about Westminster Shores St. Petersburg Florida

Learn why Westminster Shores in St. Petersburg, Florida, is a highly sought after Life Plan Community. Obtain an overview of the contract options Westminster Shores offers.

Discover how seniors pay for their Entry Fees when moving to Westminster Shores and what seniors have to say in their reviews of Westminster Shores as a retirement community. Access the non-profit tax returns of Westminer Shores from this page.

 

Why do seniors love westminster shores in st. petersburg?

There are 71 Continuing Care Retirement Communities in Florida. At Second Act we help seniors finance their moves to retirement communities all over the country so we have come to know the various retirement communities seniors love!

Westminster Shores is part of the Westminster Communities of Florida system, a Presbyterian non-profit whose story begins in 1954. Today, Westminster Communities of Florida serve over 7,000 residents in 22 communities throughout Florida.

Westminster Shores is a wonderful community in every way possible with an abundance of meaningful things to do providing for an active, vibrant, and meaningful retirement amongst your peers in the St. Petersburg and surrounding areas. It has been serving seniors with waterfront apartment and villa homes, since 1955.

Westminster Shores’ legacy creates an environment for a vibrant, engaging and meaningful lifestyle. The community provides:

  • Innovative life-long learning through its Quak Center for Lifelong Learning by local artist-educator Nan Colton
  • Its exclusive My W Life Well Being Program
  • Heated, outdoor swimming pools with lakeshore views
  • Lounge, pub, and other common areas
  • On-Site Security and Transportation
  • Library and Computer Center
  • Health Resource Center
  • Housekeeping services

 

powered by Proxi

How do seniors pay for their entry fee at westminster shores?

Seniors typically pay for their Entry Fees by selling their home, with a home equity line of credit that can act as a bridge loan such as those provided by us here at Second Act, borrowing against their securities, or withdrawing from their retirement accounts. To learn more read our blog article titled: Six Ways Senior Fund their Entry Fees in a Life Plan Community or CCRC.  Or download your Funding Guide below!  

What Contract Options does westminster shores Offer?

Westminster Shores is a Continuing Care Retirement Community offering the benefit and contract options referred to as “Life Care.” We cover the different types of Entry Fees typically offered in Life Care contracts in our Guide we encourage you to download here.

Life Care provides the peace of mind of knowing that as you get older should you need care, Westminer Shores’ Health Services will be there to help cover your future healthcare needs, such as Assisted Living or Skilled Nursing Care. In addition, home health aids and rehabilitation are also available should you have a need.

Westminster Shores has homes from 865 square feet to 1,645 square feet. As a Continuing Care Retirement Community they offer a variety of contract options suited to individual needs. We encourage you to visit Westminster Shoresto obtain details specific to you.

According to Westminster Shores’ own website, as of April 2023 Entrance Fees and Monthly Service Fees for Independent Living at Westminster Shores were:

  • Apartments and Villa Homes – Studio: Entrance Fee starting at $66,200, Monthly Service Fee starting at $2,248
  • Apartments and Villa Homes – 1 Bedroom: Entrance Fee starting at $120,700, Monthly Service Fee starting at $2,474
  • Apartments and Villa Homes – 2 Bedroom: Entrance Fee starting at $222,200, Monthly Service Fee starting at $3,600
  • Single Family Homes – Entrance Fee varies, Monthly Service Fee starting at $3,498

bridge loan solutions

for your ccrc entry fee

1.  You gain breathing room and time to sell your home on your own terms.

2.  It is easier to stage, show and sell your home for the best price if you are not living in it.

3.  You make smaller, more affordable interest-only monthly payments on what you draw from your Home Equity Line of Credit bridge loan to pay for your housing or care. 

What do senior reviews say about westminster shores?

 

Reviews:
Westminster Shore’s Reviews are top notch. It is rare to find a bad review:

» Google Reviews indicate excellent ratings.

 

do i have the right to ask for westminster shores’s tax return and financial standing?

As a non-profit, Westminster Shores’ tax returns and financial snapshot are available to the public. When visiting a CCRC in Florida you have a right to ask for the community’s financial statements and tax returns in order to assess its financial viability.

The Florida Office of Insurance Regulation, or Floir, regulates all Entry Fee Life Plan and Continuing Care Retirement communities. If you have any questions about inspection reports or other supervisory reports the office may have for Westminster Shores contact Floir staff directly at:

Regulation:
Florida Office of Insurance Regulation

Consumer Helpline Instate: 1-877-693-5236
Consumer Helpline Out of State: 850-413-3089
Email: consumer.services@myfloridacfo.com
Website: https://floir.com/consumers