Questions? » Contact An Analyst or M-F 9am -5pm PST Call 1-888-588-6451
You are viewing an article from Helium Report.
How to Spend It: Fractional Ownership of a Luxury Home
| Written by Eric Schaefer 09/10/2007 |
Toolbar sponsored by:
|
|
The Financial Times turned their sights on the fractional ownership trend in the luxury home market this month. Lucia van der Post’s article in the supplemental magazine, How to Spend It, highlights some well-established luxury fractionals, and makes the case for no-hassle ownership.
With maintenance and upkeep taken care of by a home’s management, fractional ownership – anywhere between a 1/12th and 1/4th share – is especially convenient for elite multimillion dollar estates. Van der Post notes Palazzo Tournabuoni and Castello di Casole in Tuscany as two especially exotic examples.
States-side fractionals in California and Colorado are significantly more abundant though. Van der Post mentions the Timbers Club in Snowmass and The Orchard at Carneros in Napa, but missed some other popular clubs in those areas:
California Luxury Fractionals
- Calistoga Ranch near Napa Valley
- The Ritz-Carlton Club and Residences in San Francisco
- 80|50 Northstar in Tahoe
- Expedition Lodge in Kirkwood
Colorado Luxury Fractionals
- Chateaux Society in Vail
- Purgatory Lodge in Durango
- The Club at Solaris in Vail
- The Porches in Steamboat Springs
Helium Report’s directory of private residence clubs has more – a growing database of over 260 clubs. If you’re curious about pricing details on luxury fractionals, download Helium Report’s independent Decision Guide to Private Residence Clubs
.
Reader Feedback
Free Decision Guide
Written by industry analysts.
Get the Guide Fractional ResidencesAdvertisement
Decision Tools
More From Halogen Guides
Travel
Real Estate Spotlight - Advertisement
From: RayMonday, November, 17, 2008 at 09:11 PM
Just got back from Cabo San Lucas and loved the place. We went to a sales presentation there for Quivira (MonteCristo Estates-phase 2) and bought. Basically we got 1/50th of a $4.2 million house that has a killer view. To minimize our risk, we bought two weeks every other year, that works out to one week a year. However, when traded inside the Registry collection, this is worth about 3 weeks at the other resorts since this one is so valuable. They offered financing but we'll do it with home equity. These are pre-construction units and we don't get the unit until May 2011. We get 3 free weeks at Sunset Beach to tide us over for the next few years. Plus they threw in a free membership to the Nicklaus signature course and we pay 1/2 greensfees. Membership there will go for $125k when it is built next year. We'll go there sometimes but will trade inside REgistry (RCI) and do well. Lots of people are still buying timeshares...I don't get it.