Why the Cooperative Lifestyle?

Cooperative living has grown in popularity with adults 62+. Combining all the advantages of home ownership with the maintenance-free lifestyle of renting and the support of an engaged community, cooperatives provide a unique opportunity to live life on your own terms.

Residents working out together at Estoria Cooperative Lakeville in Lakeville, Minnesota

A Sense of Community
Built in

When you purchase a share in the cooperative, you not only get a home, you also get neighbors who share your interests as well as your address. Estoria Lakeville is designed with an abundance of community space that promotes socialization and encourages a participatory lifestyle. Getting to know your neighbors is easy. Since you all own a share of the cooperative, you get to elect the cooperative’s governing board. Whether you’re retired or still actively employed, there are opportunities available for you to serve and share your gifts and talents within the community.

Cooperatives Work Without All the Work

Choosing cooperative living means that you still own a home—you just won’t have the maintenance and upkeep to worry about. Best of all, members pay a monthly fee which is used to cover monthly operating costs, including maintenance staff and contract services to provide maintenance and repairs of community grounds, shared spaces, and members’ homes.

Handyman at Estoria Cooperative Lakeville in Lakeville, Minnesota
a group of residents playing games at Estoria Cooperative Lakeville in Lakeville, Minnesota

Member Owned.
Member Governed.

As a member-owned community, each member of Estoria Cooperatives has a voice in how the cooperative functions and the opportunity to contribute. First and foremost, a cooperative is a home for residing members with shared common space. It is also a community of people working together for the betterment of the entire membership. And, equally important, it is a business run by a member elected board of directors and through the support of established committees and the guidance of professional management services. The beauty of cooperative ownership is that member-owners are the decision-makers. Based on the history of cooperatives, it is believed the empowerment of member-owners as decision makers has a direct effect on health and aging well.


Resident couple sitting on their couch with a cute pug at Estoria Cooperative Lakeville in Lakeville, Minnesota

Your Community.
Your Home.

One the most popular advantages of cooperative living is the community effect: people working together for a common purpose. Sharing together, the community becomes a cooperative family. And now more than ever, the value of community and need for connection is becoming even more important. Having close neighbors who care about you creates an amazing sense of community.

Residents playing cards at Estoria Cooperative Lakeville in Lakeville, Minnesota

Who Is Eligible
for Membership?

Estoria Cooperative requires that at least one member-owner of each home be age 62 or better. A potential member must also show they have the resources to purchase a membership share. The application process has a minimum income requirement to help ensure members qualify for membership. To assure safety and security of all members, credit and background checks are also required.

Rendering of exterior of building and landscaped grounds at Estoria Cooperative Lakeville in Lakeville, Minnesota

Estoria Cooperative Lakeville

Start the next chapter of your story at Estoria Cooperatives and become a part of this amazing new community. Be one of the first to select and design your new home. Estoria Cooperatives is currently in the development phase. During this time, you can reserve to purchase your new home, and move in upon completion of the community.

Reserve Today

Estoria Cooperative Lakeville Logo

Interested in Learning More?

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