Fractional Ownership In Florida

Are you thinking of buying a fractional ownership in a Florida Golf course home? Fractional ownership, is 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. Fractional ownership is ideal for a second home, a second or third residence, retiring, winter escapes, or vacation homes.

How does a fractional ownership compare with a timeshare? A 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 fractional ownership tends to be larger than most condo hotel units. The average fractional ownership offers three to five bedrooms, while most condo hotel units are studios, one bedrooms or two bedrooms. 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 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 fractional ownership cost? Prices vary based on the size, amenities and location of the 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 Fractional Ownerships In And Out Of Florida

• 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 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 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 fractional ownership is Jackson Hole's first and finest Private Residence Club offering 2 to 12 week packages. Your 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 fractional ownership at Club Perla Rosa is under $100,000 U.S with attractive trade offs for peak holiday usage. 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.
  

• If you need more information regarding more Florida fractional ownerships, please use some of our resource links to furthar assist you.