A new concept to owning high end Real Estate
has now arrived!

Fractional Ownership is simply more than one owner to a property

The real estate is owned by an LLC. It is fee simple ownership. Each owner has an equal share and may sell, will, etc. their interest. A use plan, that all owners agree to, incorporates the usage calendar. It can be fixed or rotate. Several versions of the calendar can be used. Owners split equally the carrying cost, taxes, and HOA dues.

The smart ones have done this for years with luxury yacht ownership why not have the same options with a luxury Vacation property ownership?

Other amenities such as a car or boat, as well as concierge service can be included: Limo pick up at the airport, favorite food and beverage stocked, room and maid service. What ever is necessary to enhance the owners stay can be included.

Fractional Onwenership is no different than you, your brother/sister in law, cousin, Uncle/Aunt and so forth, partner together and buy a vacation property. The American Dream! Easy,Simple and Desirable.

Unlike time shares,where you own nothing and have no say in matters, you and your co-owners make the decisions, create a fair usage calender, and equally share the expenses.
Your fractional manager or broker takes the hassel out of putting it all together for you and your co-owners.

Currently there is a great deal of interest in this unique way to own vacation Real Estate or secondary homes. Rather than spend it all on one place, an owner can have other fractional properties anywhere in the world. The National Association of Realtors reports a secondary vacation home is used an average of 21 days a year.

• A true Real Estate investment
• Pride of ownership
• Deeded property rights
• A fraction of the price
• A superior Location with amenities

Fractional Vacation Home Ownership is becoming the fastest growing segment of the Real Estate industry. Ritz Carlton and Trump are both offering new Fractional ownership projects in south Florida. Smart Vacation home purchasers are realizing the way to own a secondary home is similar to owning a luxury yacht. Pay for just what you use. Value conscience Investors can now share the cost, benefits and appreciation with others who also wish to enjoy the wonderful amenities and lifestyle in the beautiful Clearwater Beach Fl area Rather than pay over a million dollars to own and enjoy the lifestyle, smart buyers can

Own a Piece of the Beach at a Fraction of the Cost!

We currently offer two waterfront condos on a fractional ownership basis.

Mandalay Beach Club, Clearwater Beach Fl MLS # 7381526,
See virtual Tour

This luxurious waterfront condo directly on the beach, has over 2000 sq/ft, a custom build out, 10’ ceilings, 8’ solid wood doors; granite kitchen countertops and breakfast bar; a built in entertainment center with fireplace, custom furnishings a large private rear patio for private sun bathing and entertaining Six shares will be sold at $165,000 per share Offering 5% commission RES.

Sand Pearl Resort, Clearwater Beach
www.sandpearlresidences.com

Live in a 5 star resort at the Residences of Sand Pearl, the new crown jewel on Clearwater Beach. South west view of the beach, Pier 60 and wonderful sunsets. Over 2300 sq/ft with all the upgrades imaginable. The condo residence will be fully furnished and decorated. Room service and house keeping are available. Amenities include, private sundeck with heated pool, spa, fitness center, sauna, billiard room, club house, including large flat screen TV home theater, private conference room, and high speed internet. As a Sand Pearl resident, owners will experience the ease of resort living at its finest at a fraction of the cost.

Imagine owning a Million plus condo residence.
Luxury is a Lifestyle

A share of the Sand Pearl Residence is $265,000, offers realtors 4% Commission Shared ownership is the smart way to own a vacation home. Each partner shares the cost. Several usage schedules apply All owners benefit by owning a share of one the finest destination resort properties in the world.

To visit these world class properties or to reserve your share
via a non binding reservation agreement contact:
Anthony Marottoli, Broker
Fractional Specialist
727-724-6565
tony@sel-fastreo.com
$10,000 EMD required

Fractional Ownership 101

Fractional Ownership is a middle ground solution to second home ownership. It is between whole ownership, with sole responsibility and full exclusive use, and time-shares, where most often, you purchase vacation time in a resort, (about two-weeks) not the real-estate itself. Fractional Ownership consists of owning an “Undivided fractional fee-simple interest” in a specific property.  In simple terms, you are buying your vacation home in partnership with other owners who share the cost with you.

Fractional vacation homes have the appeal of defraying costs by sharing them with others, and also making good use of the time that you are not using the property.

As a fractional owner you may use the property, rent for income, trade for other unique property anywhere in the world.
Simple math: Lets say you pay $200,000.00 for a sixth share of a luxury waterfront condo. That is 9 weeks of ownership. Lease two months @ 6000.00 per month, $200 a night, after expenses, you net $10,000.00, %5 ROI.
As the market rebounds, it always does, your ownership could be worth $300,000.00
Rather than costing you money to own a luxury vacation property,
Fractional Ownership makes you money!

How does it work?
Fractional Ownership is similar to any other real estate purchase, except that you are only purchasing a fraction of the property instead of the whole property.  Different developments and properties have a variety of options. The fractional shares can vary from a thirteenth (1/13th) to a half share (1/2).  A thirteenth share, for example, provides one weeks use of the property each season for a total of four weeks per year. If this were all that you wanted, you might want to compare the costs to a timeshare.  However, more common are quarter shares, where you use the property one week out of every month, sharing the property with only three other purchasers. Under this unique form of strata title ownership, an owner has registered title to a one-quarter interest in the condominium, estate or townhouse.
 
Management of the property is most often taken care of by a third party or the owners can elect to manage the property themselves. In some cases, an annual budget is established and owners make monthly or quarterly payments to cover utilities, insurance, taxes and HOA fees.

Benefits
One of the main reasons people buy fractionals, even when they can afford the entire purchase, is that the expense and responsibility of ownership is reduced. This makes the second home truly a vacation, as you can simply go there, and know everything is in order. At the same time, you have the deed to the property, and you can pass it down through generations in your family, or resell it through a broker.

Some of the fractional developments also participate in global vacation exchange clubs. This offers the ability to travel elsewhere for vacations, while still maintaining the fractional ownership of your own property.

Many of the fractional developments are in high-end resort locations, where condominium or property ownership is priced at the high end. Again, the fractional owner has access to all the amenities in the resort area, while paying substantially less to get in.