Peregrine Way
association language present (entity×44, governance×7)
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What Peregrine Way's governing documents say
Peregrine Way is a standard single-family home HOA in Wilmington, NC, with 7 lots. You own your lot and house; the association maintains common areas including private roads, stormwater facilities, and boat docks. The developer retains control until all lots are sold or 2030.
- What you own & maintain: You own your lot and house. You must maintain the exterior of your home, landscaping, and any sprinkler system. The association maintains common areas, private roads, stormwater ponds, wetlands, and boat facilities.
- Architectural review: All exterior changes require approval from the Architectural Control Committee (developer-controlled initially). Minimum heated area is 2,400 sq ft. Roofing must be architectural shingles, cedar shake, terra cotta, slate, or metal. No chain-link fences, clotheslines, or modular/prefabricated homes.
- Leasing & rentals: No lease for less than 6 months. If you rent your house, you must also rent the associated boat slip to the same tenant. No short-term rentals.
- Pets & animals: Only non-violent domestic dogs and cats or other household pets allowed, not for commercial purposes. No dogs allowed to run free or be housed outside. Barking must be controlled.
- Parking & vehicles: Off-street parking for at least 2 cars required. No junk or inoperable vehicles. Boats, RVs, and trucks must be garaged or screened from view. No commercial vehicles.
- Boat facilities & slips: Each lot is assigned a boat slip. No commercial use of slips. No living aboard boats. Slip rentals only allowed if the associated dwelling is also rented to the same tenant.
- Assessments & fees: Annual assessments fund maintenance of private roads, stormwater facilities, wetlands, and common areas. Special assessments for capital improvements require 2/3 vote. Late payments accrue 18% interest and can become a lien.
Key facts from Peregrine Way's documents
- Community type
- Single-family residential subdivision with homeowners association as of 2020 (WHEREAS clauses; Article I Section 1 (As)
- Units / lots
- 7 (Lots 1 through 7) as of 2020 (Article I Section 16: "Lots 1, 2, 3, 4, )
- Developer / declarant
- Finally Close, LLC as of 2020 (Introductory paragraph)
- Assessments & dues
- $1,992/year (estimated from 2 real-estate listings) as of 2026 (https://www.zillow.com/homedetails/4-Per)
- Special assessments
- May be levied with assent of two-thirds (2/3) of each class of members voting at a meeting as of 2020 (Article V Section 3)
- Collections & liens
- Assessments are a continuing lien on the lot; Association may foreclose; also a personal obligation of owner at time assessment fell due as of 2020 (Article V Section 1 and Section 7)
- Reserves & fees
- Interest at 18% per annum from due date; no separate late fee mentioned as of 2020 (Article V Section 7)
- Pets
- Yes, domestic dogs, cats, other household pets; no livestock or poultry as of 2020 (Article VII Section 2.D)
- Leasing & rentals
- Yes, but no dwelling leased for less than 6 months; lot must be leased with dwelling as of 2020 (Article VII Section 2.M)
- Parking & vehicles
- Off-street parking for at least 2 cars per lot required; driveways and parking areas must be constructed of approved materials as of 2020 (Article VII Section 1.H and 1.K)
- Fences
- Permitted with ARC approval; no chain link fences; not allowed along drainage/access easements without ARC consent as of 2020 (Article VII Section 1.G and Section 2.J)
- Architectural approval
- Yes, for all buildings and site improvements; ARC is Declarant during Declarant Control Period, thereafter committee of at least 3 lot owners as of 2020 (Article VII Section 1; Article I Section)
- Home business
- Prohibited (no business, trade, vocation, or occupation from any lot) as of 2020 (Article VII Section 2.A)
- Signs & flags
- Only real estate 'for sale' signs of standard size; other signs require Executive Board permission; Declarant may maintain subdivision signs during control period as of 2020 (Article VII Section 2.G)
- Setbacks / home size
- Minimum 2400 square feet of enclosed heated area (excluding terraces, decks, open porches, shed-type porches) as of 2020 (Article VII Section 1.A)
- Maintenance
- Owner (general exterior maintenance) as of 2020 (Article VII Section 2.O)
- Use restrictions
- Yes; no business, trade, vocation, daycare as of 2020 (Article VII Section 2.A)
- Voting & meetings
- Two classes: Class A (owners) one vote per lot; Class B (Declarant) three votes per lot until conversion upon sale of all lots or Dec 31, 2030 or Declarant election as of 2020 (Article III Section 2)
Related associations
Nearby (within 500 m): Foxcroft Subdivision · Raintree Subdivision · Tonbo Meadow · Cedar Landing · Palmetto Pointe · Bentley Gardens · Colton Park · Harvest Grove · Hollyholm
About this HOA
Peregrine Way is a homeowners association in Wilmington, NC.
HOAproxy has 1 document on file for Peregrine Way: 1 CC&R. Last updated 2026-06-01.