|
Welcome to the
World of Vacation
Fractional Ownership!
Fractionals and private residence
clubs have changed the face of second-home ownership
and the luxury vacation market.
We have designed this page to assist
you in finding the best property or club to meet your
needs.
To help you distinguish between the
variety of products available, we have categorized
the listings and given you a brief description on
each category.
TRADITIONAL
FRACTIONALS
Traditional fractionals are usually
resort condominiums of average quality in regional
resort areas. They offer what could be characterized
as typical resort amenities and services at the "three-star"
level.
Owners receive a deed. Some properties
have trading privileges with other resorts. Product
sells for less than $500 per square foot. The prices
in this category range from $38,750 to $350,000.
Los Altos, Casa de Campo, Dominican Republic
Island Gardens Miami, Miami, Florida
Nature’s Estates Resort and Spa at Paris Mountain, Blue Ridge, Georgia
Aventuras Club. Puerto Aventuras, Mexico
The
Hammocks on Bald Head Island, Bald Head Island, North Carolina
The
Oceanfront Residence Club at Daufuskie Island Resort
& Breathe Spa, Daufuskie Island, South Carolina
Castello
di Casole, Tuscany, Italy
Coral
Gardens, Turks & Caicos
Own
Quarters, England
HIGH-END
FRACTIONALS
High-end fractionals are typically
a step up from the preceding category, usually due
to some combination of more desirable location, lower
density, larger unit size, higher construction and
furnishings quality, or additional amenities or services.
They are often characterized as "four-star"
quality.
Owners receive a deed. Some properties
have trading privileges with other resorts. Product
sells for $500 to $999 per square foot. The prices
in this category range from $225,000 to $450,000.
Fairmont
Heritage Place, Ghirardelli Square, San Francisco, California
Calistoga
Ranch, Napa Valley, California
PRIVATE
RESIDENCE CLUBS
Private residence clubs represent
the pinnacle of quality, not just among fractional
interests but in comparison to virtually any resort
accommodation available. What makes them so special?
It's a combination of locations in the top tier of
resort destinations, prime sites, extraordinary architecture
and design, and the highest levels of service and
amenities.
Private residence clubs are "five-star"
quality in every way. Product sells for $1,000 or
more per square foot. The prices in this category
range from $150,000 to $1,500,000.
Tallus,
Mammoth Lakes, California
Waterford
Private Residence Club, Cayman Islands
THE RITZ-CARLTON
South
Beach, Florida
Jupiter,
Florida
Aspen,
Colorado
Bachelor
Gulch, Colorado
St.
Thomas, US Virgin Islands
STORIED PLACES
At
Natures Door, Whistler, Canada
Tonopalo,
Lake Tahoe, California
Tremblant,
Quebec, Canada
Inspiration,
Storied Places Sandestin, Destin, Florida
The
Residences at Snowmass Club, Aspen-Snowmass, Colorado
DESTINATION
CLUBS
Destination Clubs are part of a new
wave of luxury clubs that let travelers buy into a
portfolio of luxury vacation homes. They are ideal
for the individual who loves variety and opportunities
to visit different locations.
The portfolio of homes in a destination
club are the creme-de-la-creme both from a value standpoint
and location. The homes in the lesser-priced clubs
average a minimum of one million each and go up to
$10 million homes in the higher-priced clubs. They
are situated around the world in the finest locations
money can buy. Destination clubs also often make available
to their members jets and yachts.
There are two types of Destination
Clubs - equity and non-equity. In the first type,
you receive a deed to a percentage of the entire real
estate portfolio. In the other type, you receive a
right to use.
In addition to an annual maintenance
fee, a membership fee is required, but most clubs
offer a refund policy of the member fee of up to 100%
if you ever want to resign your membership. The prices
in this category range from $25,000 to $200,000 for
the membership fee.
EQUITY CLUBS
BelleHavens
NON-EQUITY
CLUBS
Ultimate
Resorts
FOR
MORE INFORMATION
For further information
on these categories and fractionals in general, please
review our Fractional
Overview, Fractional
FAQ's or our Articles
on Fractionals.
Vacation fractional
ownership is the ultimate discretionary purchase.
It is a lifestyle decision and one that should be
made with a good understanding of the market.
Allow us to be your resource center. We can give you
first-hand detailed information and comparison data
between the resorts.
We also have professional relationships with each
property developer and can assure you of the best
terms.
Contact us today at info@CondoHotelCenter.com
or call (305) 944-3090.
|
