Private residence clubs are well-positioned to initiate fractional ownership projects in the most exclusive locations, which now includes a stretch of coastal Alabama. The Residence Club at Bon Secour Village has recently announced its opening after receiving approval from the Alabama Real Estate Commission and has become the first fractional ownership resort program in the state.

The first homes available for fractional ownership are located in southern Alabama’s Azalea Park neighborhood of the 945-acre Bon Secour Village. Each three story home is 3,900 square feet with three or four bedrooms – a typical size for most private residence clubs. Other features of the home include a bonus room on the third floor, 980 square feet of covered porches, and a butler’s pantry. Like most private residence clubs, amenities here consist of tennis courts, swimming pools, a fitness center and concierge services. With these clubs, you’re buying a lifestyle of exclusivity, sophistication, and belonging.

The Residence Club at Bon Secour Village only plans to sell 83 homes, but more may be added later. Besides offering fractional ownership opportunities, Bon Secour Village also offers single-family homes, condominiums, and retail spaces. Ownership is going to be sold in 1/8th fractions (which equals six weeks) through Bon Secour Realty, starting at $239,000.

Not surprisingly, the best deals at private residence clubs go to those who sign up in the earliest phase. Developers must clear a pre-sale threshold to secure construction financing, and a well-timed prospect can cut an extraordinary deal. It’s a classic risk vs. reward payoff. Early buyers are equally well-positioned for market appreciation. Developers tend to keep initial retail prices lower to stimulate sales, build momentum, and increase the likelihood of a sellout. There is typically a 30+ percent price increase between the first and final phases. Developers seek to close out the property as quickly as possible – both to get paid sooner and to avoid competing with the first wave of resales.

The breadth of fractionals from Alabama to Los Cabos and The Caribbean can be further explored through Helium Report’s online directory. Asking due diligence questions of the developers and being well-informed of other fractional options is key in making a smart purchasing decision.