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Are you thinking of buying a Florida fractional ownership?
Florida fractional ownerships are a way of owning real estate
or a property for a fraction of a year and being able to use
it every year for the amount of time that you own it. Florida
fractional ownerships are ideal for a second home, a second
or third residence, retiring, winter escapes, or vacation
homes.
How does a Florida fractional ownership compare with a
timeshare? A Florida fractional ownership is far more
exclusive and include many more luxury amenities and services
than timeshares. They tend to be larger homes, usually three
to five bedrooms. Timeshares usually allow you use for just
one to two weeks per year. A fractional ownership offers from
two to 13 weeks, and those don't necessarily have to be consecutive
weeks. Pick the weeks you want. Financing on a timeshare is
difficult, rates are high, regardless of how good your credit
is. Banks and mortgage firms consider a fractional ownership
to be appreciating assets and will often treat them like any
other second-home purchase.
A Florida fractional ownership tends to be larger than
most condo hotel units. The average Florida fractional
ownership offers three to five bedrooms, while most condo
hotel units are studios, one bedrooms or two bedrooms. Florida
fractional ownerships are most prevalent on the West Coast,
particularly in ski areas. However, both types of real estate
are rapidly gaining popularity and soon there will be more
Florida fractional ownerships across the country to meet the
growing demand.
In the U.S., the first fractional ownerships were in major
ski areas out west. Eventually they made their way to
northeastern ski areas. Since then fractional ownerships have
begun appearing in golf-oriented communities like Hilton Head
Island, South Carolina and popular beach states like Florida.
Jupiter, FL. being one of the most popular, is one of the
pricier fractional ownership areas.
What does a Florida fractional ownership cost? Prices
vary based on the size, amenities and location of the Florida
fractional ownership property, but most are in the $100,000-$500,000
range. Remember these are elegant homes that would cost you
so much more if you owned it outright.
Different Florida Fractional Ownerships
- Ritz-Carlton Golf Club & Spa - The Ritz-Carlton
Golf Club & Spa offers opportunities for fractional
ownership or permanent residency. The 285-acre country club
community is centered around an 18-hole Jack Nicklaus Signature
Florida Golf Course with a 68,000-square-foot clubhouse
and spa built in the style of grand Addison Mizner architecture.
Ownership options include either The Ritz-Carlton residences
or The Ritz-Carlton estates.
- Storied Places® Sandestin - Intrawest’s
first beach and golf Storied Places® community in North
America. The 20 distinct fractional ownership residences
range in size from approximately 2,278 to 2,440 square feet.
Homes are nestled in the lush fairways of the Rees-Jones-designed
Burnt Pine Golf Club and the natural splendor of Choctawhatchee
Bay. The Village of Baytowne Wharf is just a 5-minute walk
away.
- Lighthouse Key Resort & Spa - Located in the
heart of Central Florida in Kissimmee (near Orlando), minutes
from its many world-famous theme parks and golf courses.
For a fraction of what a second home in Florida would cost,
you can enjoy up to four weeks per year at a fractional
ownership in Lighthouse Key. You receive an ownership deed
for your condo and have flexibility with regard to when
you use your condo.
- Wild Heron, Lake Powell - Wild Heron has completed
61 Florida fractional ownership condominiums at Lakeside
Lodge and six signature, custom-designed homes. There are
currently 19 single homes and 24 club homes under construction
at Linkside. Prospect Point, a miniature village along the
community’s lake shoreline, serves as a gathering place
for residents. The private, members-only beach club offers
beach access to the sugar-white sands along the Gulf of
Mexico.
- Jackson Hole, Teton Club - This Florida fractional
ownership is Jackson Hole's first and finest Private Residence
Club offering 2 to 12 week packages. Your Florida fractional
ownership is deeded and is fully transferable. Combine this
flexibility with our five-star amenities which includes
ski and golf privileges, while in residence and you have
"the intelligent alternative to the purchase of a second
home".
- Cabo San Lucas - Four weeks per year of Florida
fractional ownership at Club Perla Rosa is under $100,000
U.S with attractive trade offs for peak holiday usage. Florida
fractional ownership isn’t limited; investors may purchase
as many four-week fractions as they wish. Club Perla Rosa
will appeal to those looking for sterling amenities and
services in a gracious and relaxing fully equipped luxury
condominium setting.
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If you need more information regarding more Florida fractional
ownerships, please use some of our resource links to furthar
assist you.
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