However, fractional ownership does give investors additional purchasing power. Most people are aware of Fee Simple ownership, which is most common. Of course, with fractional ownership, you wont need to worry as much about the cost. Upcoming deeded time periods: 2023: March 25 - April 15 2024: March 23 - April 13, Breathtaking views of the ocean and Molokai await you every day, during your time in this exquiste 2nd floor 3 Bedroom, 3 1/2 Bath residence. This goes for home upkeep and maintenance, too. Interior Living Area: 2,012 - 2,369 sq. The Association Dues are paid quarterly. The 3D tour is an actual video of this units views, as it was taken from 3402's lanai. The new models of vacation ownership are a far cry from the old time-share model where slick salespeople lured buyers to seminars where they were pressured to buy one week of time in a beachfront condo they sometimes couldnt afford. Save Search Show Map Active 3-D Tour Residences on Kapalua Bay 1 Bay Dr 4504, Kapalua $179,000 - 2 Beds, 2.50 Baths, 1,776 Sf MLS # 397639 Fee Simple Keller Williams Realty Maui-L Pending 3-D Tour Residences on Kapalua Bay 1 Bay Dr 3705, Kapalua SOLD. 2023: April 8 -22 & Sept 16 - 23, Breathtaking views of the ocean and Molokai await you every day during your time in this magnificent 2 Bedroom, 2 1/2 Bath residence at the second highest 2BR lanai on property. Montage is Hawaii's 4th and newest Forbes 5 Star Property!!! With just one investment, buyers have access to an extensive portfolio of luxury properties. If you buy of a title, you can expect to pay something equivalent to a of comparable home prices in the area. With 5-star service, 5-star amenities, and a 5-star location Montage fractional ownership will meet all your expectations of a fabulous vacation. Today at least one national company has made more fractional properties available in the Islands, and another could soon join them. Villa Details Maui Coming soon. Let's also assume that the value of the property appreciates in line with historical norms at 4.0% annually. Fractional ownership has a lot in common with buying a house together, but there are extra steps involved when it is a private residence, and the owners do not know each other. Yes, Owners may rent their residence. Site is Managed/Operated by Alex Cortez, of, Alex Cortez - Island Sotheby's International Realty, https://www.hawaiirealestatesearch.com/thumbs/200x200/uploads/agents/2043998399.jpg. in Buying Advice, Education, Hawaii, Kauai, Tips, fractional ownership, Montage is Hawaii's 4th and newest Forbes 5 Star Property!!! Montage is one of only four Forbes 5 Star properties in Hawaii and Travel & Leisure recently ranked it as the #1 Resort in Hawaii. This deeded, one-twelfth fractional ownership interest gives you 21 deeded days a year plus access to additional days on a per diem basis. Hokuala, a Timbers Resort, is a fractional ownership resort that offers a limited number of vacation packages to outside guests. Tyler Coons Maui Tyler Coons REALTORS RS-55098 Welcome Hawaii Properties t: 808.280.2480 e. tyler@tylercoonsmaui.com Representing Maui Residential and Commercial Real Estate for over 23 years. This deeded, one-twelfth fractional ownership interest gives you 21 deeded days a year plus access to additional days on a per diem basis. The 3D Tour was taken from 3602's lanai, the Video/Virtual Tour is the actual interior floor plan. Lahaina, Maui, Hawaii 96761 Real Estate License RB-21851 (808) 495-0022 Fax: (808) 661-8951. Space Available Vacations Owners may reserve one (1) Space Available Vacation week after the Planned Vacation weeks are reserved. Montage is Hawaii's 4th and newest Forbes 5 Star Property!!! Not only that, with fractional ownership, the purchaser actually owns partial equity in the vacation home and your name is on the deed. 3 Bed 3.5 Bath. Year-round access guarantees a luxurious private vacation home that is as effortless as it is enjoyable, with services and amenities that rival the grandest five-star resorts. Residents and guests alike enjoy West Maui's best spa and fitness center, 8,500 of lagoon style pools, fine dining at the Cane and Canoe Restaurant. Fractional ownership- good or bad 14 years ago Save My husband and I returned from Kauai 2 months ago and we can't seem to get the island out of our hearts and minds. The 3D tour is an actual video of this units views, as it was taken from 3202's lanai. The level of membership determines how many trips you can take each year to other fractional properties. Perhaps a $4M home is out of reach, but $1M is right in your wheelhouse. Every day on property you will be pampered by the Montage staff, the twice daily housekeeping, your assigned concierge, not to mention the in-residence dining, signature restaurant, kids programs, lagoon pools and much much more. Avoid properties that sell ownership based on points, without deeded ownership. It happens to be one of the more popular locations among the Hawaii islands, and yet this is not always reflected in the cost of real estate. We first reported on this topic last year with Pacaso. New Federal Excise Tax Liabilities for Whole Aircraft Operations Under FAR Part 91 and for Fractional Ownership ; Federal Excise Taxes: The Regular Method Vs. the Alternative Method; . Starting as low as $430,000, buyers pay only a fraction of the cost for a fully furnished oceanfront residence. If you are concerned with having a peaceful time while staying at your property, then Molokai could be the ideal place to start looking for fraction ownership. Maliula residences live in complete harmony with the landscape and seascape. This deeded, one-twelfth fractional ownership interest gives you 21 consecutive deeded days every year plus access to additional days on a per diem basis. The Association Dues are paid annually for this unit at Hawaii's 4th and newest Forbes 5 Star Property!!! For this very reason, it is the ideal location for a holiday home, yet few opportunities are available here. Your fixed time is THREE consecutive weeks from late March to mid April each year (weeks 12 - 14). Fractional ownership lets you get the home you want in the most desirable location at the price you can afford. Upcoming deeded time periods: 2023: Febuary 4 - 11 & July 8 - 22 2024: July 6 - 20 & Nov 23 - 30. Fraction-Partial-Interval, Time Interval 3 Beds; 3 . Size Rankings There are only 36 weeks of deeded ownership interest sold in each condominium unit. One Week or More Deeded Time Interval Ownership Leasehold & Fee Simple. Your email address will not be published. View property. Your email address will not be published. This person has the responsibility for collecting the expense money and hiring services. Copyright 2016, Hawaii Information Service. Sign Up. Start 10% under asking price and proceed from there. Information herein deemed reliable but not guaranteed. And they own at least two other vacation properties. Your best bet: call realtors on your preferred island and see if they know of any available right now. Pool. Every type of unit, including studios and two- or three-bedroom suites are available, fully furnished, and . The fractions, usually 1/4 or 1/8, are sold individually and deeded as fractional. Future usage dates: 2023 8/5 - 8/26; 2024 8/3 - 8/24. We have been helping owners get the most of their ownership for over 30 years. The spacious floor plan includes a complete and well stocked Kitchen, laundry room, 2 full bathrooms plus a half bath, Huge Lanai with Panoramic Ocean Views, Direct Elevator Access, Twice Daily Housekeeping, Complimentary Storage including Golf Club storage, valet parking and many additional amenities. Also, the number of shares sold in a . We recommend Hawaii Document Service www.hawaiidocumentservice.com 1-888-628-9555 Maintenance costs are annual, and these increase over time. This Deeded, One-twelfth Fractional Ownership Interest Gives You 21 Deeded Days A Year Plus Ac. The 3D tour is an actual video of this units views, as it was taken from 4604's lanai. Featured properties may or may not be listed by the office/agent presenting this brochure. Second home ownership for the cost View Listings Own now for 5% down payment Enjoy flexible ownership at a low upfront cost. If the plans are not laid out in advance, it could cause legal problems if a decision is made to sell the property. MLS #394657. 1 Bay Dr 3602, Kapalua, Hawaii - $429,000 Fee Simple. One example of this is Timbers Kauai, where fractional ownership runs in the $300k+ range on cost (for a just a few weeks of usage!). But, there are a lot of plusses and minuses to consider. ownership, All designed to take full advantage of a location so close to the ocean, youll feel youre almost leaning out over the water. The terms of the fractional ownership agreement are vital. By sharing the costs of upkeep, fractional ownership makes long-term ownership a much more realistic possibility. This deeded, one-twelfth fractional ownership interest gives you 21 deeded days a year plus access to additional days on a per diem basis. ft. Charter Inquiries. Each exchange service operates differently. Timbers Resort. Every day on property you will be pampered by the Montage staff, the twice daily housekeeping, your assigned concierge, not to mention the in-residence dining, signature restaurant, kids programs, lagoon pools and much much more. Possibly 5 years or so down the road--my husband would like to retire around then if at all possible. Maliula Residence Club Owners may deposit up to three (3) Planned Vacation weeks. But today, I am going to discuss Fractional Ownership, which is available on Kauai at Timbers Resort. Weve selected properties available across the Hawaiian Islands, to give investors a detailed picture of whats available right now. Intervals are listed for sale with us by individual owners. Fractional ownership is usually four weeks or longer, and in some cases can be up to three months. 1995-2016 Honolulu Board of REALTORS. However, most would call a Realtor because they alone had access, Q. Oceanfront, Phone Direct: 808.385.5034. alex@mauirealestatesearch.com. Lets take a look in a little more detail. , Pictured: Entrance to Oneloa Subdivision in Puna. Future fractional time periods: 2022: Jan 29 - Feb 5 & July 16 - 30 2023: July 22 - Aug. 5 & Nov 18 - 25, It is the ONLY deeded three consecutive week two bedroom EVER sold guaranteeing the owner 21 consecutive days a year during mid/late July & early August (weeks 28-30) plus it offers access to additional days on a per diem basis. Stretch Jet Card. It must be a new condo. 1/6 Ownership comes with six (6) planned vacation weeks, the ability to reserve two (2) Space Available Vacations weeks at once. Our homes are occupied almost 90% of the year, and we look forward to having Pacaso owners contribute to the local economy and take part in the community year-round.. Your fixed time is two consecutive weeks in mid April each year (weeks 14 & 15) plus one float week (in late August through early October). Unlike a timeshare, where owners often have an allocated annual week, fractional ownership offers in some cases up to four months per year. So fractional ownership seems to be optimal for snowbirds escaping Canada for the winter to Hawaii. Several oceanfront resorts on Maui are home for a "fractional interest" concept where condominiums and homes are being divided into four to six segments and sold to as many different buyers. At this time, the new ownership has elected . Montage is Hawaii's 4th and newest Forbes 5 Star Property!!! Call resorts directly in your desired area and ask if they are selling fractional ownership. Timbers Luxury Rentals brings its vast database and marketing channels to ensure rental success. Fractional listings are on the multiple listing service (MLS). 2650 Sq.Ft. 1/12th deeded fractional interest. If you require a reasonable accommodation to access our services, please contact us at (808) 732-3000 or email hbradmin@hicentral.com so we may better assist you. The company is likely looking for more properties on Maui, and perhaps other islands, Coons says, but since the homes it targets start at over $4 million, its unlikely to compete with many local buyers. Fractional ownership guarantees several weeks in residence per year, plus unlimited access on a space-available and short-notice basis at no additional cost. Your Email address will be kept private, this form is secure and we never spam you. 3rd Homeinvites owners of well-appointed luxury homes or fractional resort owners to join. A new way to be part of Hawaii is fractional ownership in single-family rental properties. Fractional ownership can be a fantastic way to get hold of your very own property without much of the hassle. And because it's easier to have a real estate management company take care of the details than multiple owners, there will be additional costs to bear. The 3D tour is an actual video of this units views, as it was taken from 4604's lanai. The home must be in a perfect location. Interior Living Area: 2,689 2,905 sq. Two levels, three or four bedrooms, up to four lanais and up to 3,700 square feet of living space. Costs and responsibilities. Fractional ownership has long been a way for multiple buyers to share in owning a home in Hawaii - most often a pricey vacation property on a Neighbor Island. Your fixed time is three prime consecutive weeks in early June each year (weeks 22-24). Determine an exit strategy for all owners. New Development, Contact a realtor in your desired location and let them know you are searching for fractional home ownership. If you have ever been interested in living in Oahu, this might be the best way to make that dream come true. The Montage is West Maui's top ranked and only 5 Diamond accredited resort with its round the clock service, stunning and meticulously manicured 25 oceanfront acres, and unparalleled amenities. Fractional Jet Ownership Unprecedented Access to Private Air Travel. The list goes on and on and if buyers are turned off by one small detail the deal is off. " * * * * * * * * * * * Jet Share & Jet Card Inquiries. Hawaii Real Estate News. Full calendar attached. It depends on whether you buy 1/12 (Maliula Residences) or 1/6 (Kaiholo Residences) ownership. Contact | Sell Your Fractional |Consulting, Copyright 2020 LuxuryFractionalGuide.com | Privacy Policy | Terms & Conditions | Disclaimer, Fractional Ownership Options Growing in Oregon, New Fractional Ownership Options on Cape Breton, Northern California Fractional Ownership Options - Event April 9th, Resources for Hawaii Fractional Ownership, Weighing Your Options: A Wealth of Incentives for Fractional Real Estate Buyers, Fractional Life Announces Its Second Fractional Ownership Expo, New Network of Fractional Real Estate Professionals Provides Vacation Home Buyers and. =Each member offers a time when their property is available, and in exchange, they receive keys they can use to stay at other properties. Scroll to the bottom to see our Featured Properties. How has the price of your property changed over time? There are only 7 fractional ownerships at the property that have this rare time period.