Glossary

Having trouble understanding real estate terms? Don't feel bad. A lot of people need some help with real estate lingo. Please let our real estate glossary page help you with any questions.

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What is Fractional Ownership

Fractional Ownership is based on the concept of purchasing only what you need or what you use. This is perfect for second homes and the reason for the creation of properties like The Lighthouse Key Resort & Spa.

For the Select Few

Fractional Ownership of vacation homes, also called private residence clubs, are relatively new concepts that allow you to enjoy up to three months of home ownership privileges at a top-of-the-line, luxury resort but at a fraction of the cost of whole ownership.

This type of real estate arrangement is ideal if you want the benefits of owning an impressive second home complete with personalized services, and located in a very exclusive community but can't justify the investment because of limited use.


Fractional Ownership Facts

  • As of March 2005:
    some 158 resorts offered Fractional Ownership interest worldwide
  • 2004 saw incredible growth in Fractional Ownership interest sales volume, close to doubling the 2003 performance at an astonishing 1.1 billion
  • 95% of Fractional Ownership owners are satisfied with thier purchase and 85% of the owners have reccomended the product to someone else

The Average Fractional Ownership Owner:

Married empty-nesters in thier early to mid fifties, with an average household income of $500,000. The most important factors when looking for a Fractional Ownership investment are

  • The location
  • Quality of the furnishings
  • Extension of the Amenities and Activites


Appreciation Potential


To date there have been very few Fractional Ownership resort developments. The demand is high. As a result, it is likely there will be substantial appreciation, rather than the depreciation that usually occurs with timeshares.

Real estate experts say that the outlook for investment appreciation appears excellent. You can expect at the very least an appreciation parity against other real estate in the resort area in which their Fractional Ownership is located.

Maintenance and Upkeep

Part of the beauty of Fractional Ownerships is that they are completely hassle free. In addition to having a staff for personalized service at your disposal, you never have to worry about repairs, maintenance or housekeeping. Everything is included in the price and annual fees.
   
Available Fractional Ownership Properties

Located less than five miles west of Disney, Lighthouse Key Resort & Spa is a planned condominium community resort featuring 600 two, three and four bedroom luxury residences situated adjacent to a 69-acre ski lake.

Click here to read more about The Lighthouse Key Resort & Spa.

 


















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