Searstone Retirement Community

17001 Searstone Drive
Cary, North Carolina 27513
USA
919-234-0339
Profile updated on: 01-29-2021
Year Established
2013 
Type of Retirement Community
CCRC/Life Plan 
Name of Parent Organization
Searstone Retirement Community  
Name of Management Company
Self-Managed  
Total Units
151-175  
Independent Living Units
151-175 
Tax Status
Not-for-Profit
Community Overview
Searstone opened in 2013 on the site of a picturesque former horse pasture in Cary, NC. Today, our community attracts a wonderfully diverse population of residents from throughout the Research Triangle area and beyond. Offering a walkable blend of residential living and neighborhood convenience in a location easily accessible to transportation, culture, higher education and healthcare centers, Searstone combines beauty, comfort, social stimulation and the security of a Life Care plan. 
Top Resident Hobbies/Interest
Residents interests are wide-ranging. The following were selected by staff as the top six among a large list of options.
  • Mahjong
  • Painting
  • Theatre/performing arts
  • Walking/trail walking
  • Museum visits
  • Resident committees
 

Pets allowed?
Yes 
Pet restrictions
None 
Types of Residential Living Options Offered
Apartments, Cottages/Villas (single-story, connected) 

Maximum Number of Bedrooms Offered
3 Bedrooms 
Maximum Number of Bathrooms Offered
3 Bathrooms 
Range of Floorplan Sizes
931 - 3,900 square feet
Basements/bonus rooms available with any residences?
Yes 
Any Current Expansion or Renovation Plans for Independent Living?
Because Searstone residents never stop growing, neither does our vision for the future of retirement living. That’s why Searstone is expanding our own horizons with The Highview, a new 4-story residential addition. Featuring 152 elegant apartment homes, a 5,000-square-foot auditorium and arts center and three exciting new dining venues, it’s a next-level retirement living opportunity for those who have the foresight to envision a future in the heart of Cary, opening in 2024. 
Other Details about Independent Living
When you compare our services and amenities package to the bills you’re paying at home, you may not believe the value. When you consider the financial and health care security of Life Care — also included — you’ll appreciate life here even more. And when you realize that 100% of your entrance fee is refundable to your estate, preserving your assets for your family, you’ll see why so many people have already made Searstone their choice for the future. 

Types of Residency Contracts Offered : learn
Lifecare (Type A) 
Refund Options (for entry fee contracts) : learn
Full (100%) Refund 
Entry Fee Refund Requirements:
Paid in priority order based on contract termination date and when new entry fees are received. 
Range of Entry Fees- Single Occupancy
$443,000 - $916,000 
Range of Entry Fees- Double Occupancy
$508,000 - $981,000 
Range of Monthly Fees- Single Occupancy
$3,410 - $7,320 
Range of Monthly Fees- Double Occupancy
$4,940 - $8,850 

Pricing Note:  

Additional Note:
Life Care provides significant asset preservation and tax advantages for seniors, and works well with or without a Long-Term Care Insurance plan. Searstone offers its Independent Living residents more and better options, all on-site. Not only state-of-the-art Assisted Living, Skilled Nursing and Memory Support services, but a wider array of services brought right to your Searstone home. Just as important, you now have a proven way to control costs. 
Types of Assisted Living Residences Offered
Apartments 
Licensed Assisted Living/Personal Care Residences
31-40 
Maximum number of Assisted Living Bedrooms Offered
1 Bedroom 
Maximum number of Assisted Living Bathrooms Available
1 Bathroom 
Range of Assisted Living Floorplan Sizes
300 - 300 square feet
Is direct entry into assisted living allowed? Direct entry means that residents who are not currently residing in the community may enter directly into care at the then-current market rates for care.
No
Availability of In-Home Assisted Living Services?
  • Community contracts with an outside agency
 
Can residents hire their own in-home care in independent living?
Yes 
Additional Notes:
Our Assisted Living accommodations, exclusively for Searstone residents, are in Brittany Place, our state-of-the-art health care neighborhood. You won’t believe it’s a health care center; it looks and feels like any of the inviting neighborhoods in Searstone — comfortable, warm and complete with all the conveniences of contemporary life. You not only receive outstanding care; our personal approach helps you do more of the things you love while retaining your privacy and dignity. 
Number of licensed semi-private nursing care beds
11-20 
Number of licensed private nursing care beds
11-20 
Number of licensed memory care beds
None 
Is healthcare center/nursing care available on-site or off-site?
On-site 
Is direct entry into nursing/skilled care available?
No
Healthcare center licensing
Private Pay Only
CMS Rating for Healthcare Center (as of profile date)
Not Applicable 
Type of Memory Care Availability
In-home memory care services, Memory care services delivered in assisted living, Memory care services delivered in skilled nursing
Additional Notes:
Searstone’s medical services and skilled care is provided in a beautiful setting: our state-of-the-art Brittany Place health care neighborhood. Residents enjoy privacy and comfort in a homey setting that reflects the engaging quality of life all over Searstone. Residents not only receive first-class care and services, they become involved in activities that help make each day rewarding and nurturing, no matter what their health needs may be. 
Services and Amenities Offered
The services shown below may be included or available at an additional cost. Check with a member of the staff for details.
  • Unscheduled transportation
  • Beauty salon/barber shop
  • Fitness center
  • Indoor pool
  • Extra storage space
  • Covered parking
  • Pub
  • Private garages
  • Library
  • Assigned parking spot
  • Casual Dining (bistro/cafe)
  • Jacuzzi/hot tub
  • On-site fitness/wellness instructors
  • On-site health clinic
  • On-site healthcare center
  • Scheduled transportation
  • Walking/nature trails
Nearest Hospitals (Within a 15-mile radius)
UNC Rex Hospital, Wake Med Raleigh Hospital, Wake Med Cary Hospital 
Nearest Colleges or Universities (Within a 15-mile radius)
William Peace University, University of North Carolina Chapel Hill, Duke University, North Carolina Central University, Meredith University, North Carolina State University, Shaw University 
Additional Notes
 
Glossary

Apartments

Unlike a studio apartment, this floorplan includes at least one-bedroom that is separate from the living area, and possibly multiple bedrooms. A full kitchen may also be available.

Assisted Living

State regulated facility offering supportive care to residents who are unable to live independently and require assistance with activities of daily living (ADLs) including management of medications, bathing, dressing, toileting, ambulating and eating.

Contract Type (Residency Contract)

CCRCs offer a variety of contract types that define the costs and services related to the resident's agreement with the community. There are basically five contract types: Lifecare, Modified, Fee for Service, Rental, and Equity. A single community can offer more than one contract type. See below or get additional details on contract types here.

Cottages/Villas

Also referred to as patio homes, this housing option typically includes two or three single-story adjoining homes. Usually larger floorplans than an apartment.

Entry Fee

Continuing Care Retirement Communities (CCRCs or “life plan communities'') often require an entry fee prior to occupancy. The entry fee may be refundable at some point in the future. Be sure to read the residency contract for details on refundable entry fees.

Equity Contract

This contract involves the actual purchase of real estate or a membership. The level of residential services and amenities included in monthly fees or membership dues will vary by community. The cost of assisted living or nursing care will also vary by community. An equity contract may provide some discount for assisted living or nursing care but others may be fee-for-service.

Fee for Service (Type C)

Residents transitioning from independent living to assisted living, memory care, or nursing care will begin paying the then-current market rate for those services. All other things equal, it offers the lowest entry fee compared to other entry fee arrangements. Communities with no entry fee, but a contractual obligation to provide healthcare are also considered Fee for Service for the purposes of these profiles.

Independent Living

Residents generally lead an independent or mostly independent lifestyle. Independent living is not licensed to provide assisted living or other types of care, although these services may be delivered as in-home care. There are no skilled nursing beds in independent living.

Licensed Provider

If a community is a part of a broader network of communities, the publicly used name of the CCRC may not be the same as the name of the licensed provider. The licensed provider is the entity that is actually licensed with the state to provide services, if state licensing is required.

Lifecare (Type A)

Residents transitioning from independent living to assisted living, memory care, or nursing care will continue paying the then-current rate for the independent living residence in which they were residing. Requires the highest entry fee relative to other entry fee arrangements. Monthly fees may increase for inflation adjustments or other operational reasons. With this type of contract a resident is essentially pre-paying for health-related services such as assisted living or nursing care that may be needed in the future.

Lifecare (with Equalized Rates)

Residents transitioning from independent living to assisted living, memory care, or nursing care will begin paying a monthly rate equal to the then-current rate of a pre-specified independent living residence, which is typically somewhere in between the lowest and highest priced residences. This means that some residents could pay more when they require care services and others could pay less, depending on what they were previously paying for their independent living residence.

Medicaid Certified

This means the community’s skilled nursing and assisted living facilities are Medicaid certified, and when applicable, accepts Medicaid reimbursements for residents who no longer have the financial means to pay for care themselves. Learn more about Medicaid eligibility.

Medicare-Certified

This means the community’s skilled nursing facility is Medicare certified, and when applicable, accepts Medicare reimbursements. Learn more about Medicare eligibility. Keep in mind that unlike Medicaid, Medicare does not cover non-medical care such as assisted living or custodial care if that is the only care required.

Medicare Nursing Home (CMS) Star Rating

In the case where the skilled nursing facility is Medicare-Certified then the Centers for Medicare Services (CMS) publishes a rating based on a five star rating scale, with five out of five being the best. Learn more about ratings. Learn more CMS star ratings.

Memory Care

A specialized type of care provided to those with varying degrees of dementia or Alzheimer’s. It may be provided in an assisted living community or nursing home. A more comprehensive approach may be found in a memory care facility, designed specifically for those with memory care needs.

Modified Contract (Type B)

Residents transitioning from independent living to assisted living, memory care, or nursing care will begin paying the then-current market rate for those services, less a discount. Alternatively- or additionally- residents may receive a certain number of service days in the healthcare center at no additional monthly charge, before they begin paying the market rate.

Parent Company

If the CCRC is owned by a larger organization, the parent company may have a different name than any of the individual communities that it owns or operates.

Private Pay

A healthcare center or assisted living facility that is private pay does not accept reimbursements from Medicare or Medicaid.

Rental Contract

There is no entry fee associated with this type of arrangement. Residential services, amenities, and care may sometimes be less available than an entry fee community. Residents under contract may not be provided guaranteed or priority access to assisted living and nursing care. As with a fee for service contract, the resident will pay for care at the full per diem cost.

Single-site / Multi-site

A community may be a stand-alone organization on a single-site, or may be owned by an organization that operates more than one community; i.e. multi-site.

Skilled Nursing Care

Aside from hospital care, this represents the highest level of care, which may be acute or long-term. The majority of individuals in skilled nursing require 24-hour nursing and/or medical care. In most cases, these properties are licensed for Medicaid and/or Medicare reimbursement, but some are private pay. Skilled Nursing Care facilities may include a minority of assisted living and/or Alzheimer's/dementia care.

Studio Apartments

A floorplan where the living room doubles as the single bedroom. Usually includes a small kitchen area. Smallest type of floorplan available within a retirement community and is more common in assisted living settings.

Townhomes/Duplexes

This housing option typically includes two or three multi-story adjoining homes. Usually larger floorplans than an apartment.

Third-party Manager

It is common practice for communities, including single-site facilities, to contract with a professional services firm to manage daily operations. The third-party manager will have a different name from the retirement community.

Important Disclosure
While the information contained in this report has been obtained from sources believed to be reliable, its accuracy is not guaranteed. You should verify the information with a representative of the retirement community. MyLifeSite does not accept any liability for any errors or omissions in this report. The information subject to change without notice.
Sources and Methodology
The information in this community profile report was obtained directly from a representative of the retirement community featured in this report using an online data collection form. Before activating the profile report on our website, MyLifeSite verifies that the person submitting the information is, in fact, a representative of the retirement community for which the information was submitted. The representative has the capability to update the information anytime, and MyLifeSite encourages them to do so annually, at a minimum, to keep it up to date. If specific information was not provided or obtainable, the report indicates "not provided" or “not applicable.”
Questions to Ask
In addition to the information provided in this report, the following questions may also be useful in your decision process. Also visit the learn section of our website to find out more about what to ask.
  1. Are you offering any assistance in helping prospective residents sell their homes or pay the entrance fee?
  2. Are there any additional contracts or refund options available which are not included in this profile?
  3. Is any portion of the entrance fee deductible for tax purposes? If so, what was the deductible amount in the most recent tax year for those who qualified?
  4. How can I be sure the community is well-managed financially, and prepared to meet all current and future obligations to residents?
  5. Is there a wait list? If so, how long, and for which units?
  6. Is there an active residents’ association? If so, how are they represented in terms of decisions made by the board/management/ownership?
  7. Do you have any plans for expansion or renovation? How is that to be financed and what impact will it have on current residents?
  8. What services are included in my base monthly fee? What services are available at an extra cost?