What is fractional ownership?
Fractional ownership is permanently shared ownership of a vacation property for a set amount of time each year. Together, members of the Whitewater Village Resort Owners Association own the land and all the units, furniture, equipment, boats, docks and other amenities exclusive to this property. Shares can be kept forever, or sold or gifted to someone else.
• Fractional Ownership is among the fastest growing segments in Real Estate in the country. Fractional Ownership is an alternative to a high priced second or vacation residence. It provides all buyers with the ability to purchase only as much of an expensive (often million dollar or multi-million) dollar residence as they will actually use and pay a fraction of the cost of an expensive second home.
Your investment is in a 1/6th deeded fee simple interest in a one-, two- or three-room suite. Each interest is fully transferable. The 1/6th interest allows the owner 8 weeks of usage per year, two weeks in each season. Newstead Belmont Hills enables owners to maintain the balance between how much leisure travel they desire at a minimum financial commitment to meet those needs.
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