Shared Vacation Homes
At a Fraction of the Price
by Sheree R. Curry
From The Wall Street Journal Online
August 10, 2006
Fractionals, a segment of the shared-ownership real-estate market, jumped to $2 billion in sales in 2005, up 28% from 2004, reports consulting firm Ragatz Associates. Here are three fractionals.
- Los Cabos, Mexico
- La Quinta, Calif.
- Tuscany, Italy
PLACE/PRICE: Los Cabos, Mexico / $150,000
FEES*: $4,050 per year
THE PROPERTY: 2 bedrooms, 2.5 baths, 2,000 square feet
DESCRIPTION: Offered completely furnished, the villa has two flat-screen television sets and DVD players. Glass pocket doors in the living room lead to the terrace and infinity pool. There is high-speed Internet access.
NOTABLE: There are 75 residences on the 10-acre grounds of Mision La Serena. It is priced for a three-week annual stay, but packages for six-week and 12-week stays are available for more. Owners will have access to a rooftop social area and whale-watching deck.
Sources: ragatzassociates.com, escapehomes.com, misionlaserena.com, residenceclubpgawest.com, castellodicasole.com
* Fees include association dues, maintenance fees and taxes. Mexico's fees are for three weeks of stay, the others are annual.
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