Residence Clubs

Residence Clubs
ne of the more prominent vacation home options is the generically termed "destination club." Most enable Members to purchase access to the Club's portfolio of vacation homes, located typically in "stand-alone" fashion at popular tourism destinations.
With payment of an initiation fee and ongoing annual dues, Members are entitled to a fixed number of days in residence. These clubs are ideal for people that want the benefits of second home ownership, but with more flexibility and choice. Economic Benefits
Residence Clubs or Fractional Ownership costs thousands of dollars less than Deeded Fractional Ownership and Private Ownership of a comparable Second Home. Many multi-million dollar Second Homes sit empty for up to eleven months of the year. The owners of these homes are, of course, funding their upkeep and security year round, even while they are not in residence. By comparison Residence Club members pay only a pro-rata share of operating costs through a single, predictable Annual Dues payment, proportionate to their usage allotment Examples of Residence Clubs : Villa del Arco Villa del Palmar