All About Fractionals

Dated: 01/30/2020

Views: 199

Image titleAll About Fractionals

FOR SALE: 371 Kinnikinnick, Share D - Bella Beach and Whale Pointe Unit 318 Week K.

If you are that person who visits the coast often, and dreams of having a permanent spot to stay at each time - but have reservations about making a large investment…..a fractional opportunity may be just what you are looking for. In a fractional (shared) ownership, there are a certain amount of owners who each own a share of the property. Every property has their own co-ownership agreements, and often HOA rules & regulations to abide by. There is usually a quarterly payment that each owner is responsible for (covering a variety of items from monthly utilities, maintenance, HOA and cleaning fees, to name a few). Each also have their own process for assigning weeks, and some are more open to making changes than others. It’s a good idea to read through all of these details to fully understand what you are purchasing. However, this is a fantastic way to pay a small amount to always have a place to call your own at the coast - and is hassle free with the fees paid to maintain the property.

Currently, Team Home Oregon Coast (Listing Agent Rachelle Rehberg) has 2 fractional opportunities to consider. Both are priced well, and affordable! The first is 371 Kinnikinnick, Share D in Bella Beach. This is a beautiful 3BD 3.5BA 3 Story Townhouse offering 10 weeks per year to enjoy. There are ocean views to enjoy from the decks and master bedroom, along with a fully equipped kitchen with granite counters. There is plenty of space for everyone, including a bedroom with en-suite on the entry level. This particular group of owners has requested that there be no pets and no rentals (other than to close friends/family). As such, this home has been meticulously maintained as a vacation home. As a part of Bella Beach, you also get to enjoy the community areas which include grassed picnic areas, children’s playground, and beach access. This fractional opportunity is priced at $89,000.

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Our other listing is at Whale Pointe in Depoe Bay - Unit 318 Week K.  This is an ocean front condo, offering 4 weeks per year (one week per quarter). It is on the top floor, with elevators available for easy access. The unit includes 2 master bedrooms/bathrooms with their own decks to savor ocean views. As an owner of this unit, you will get to enjoy amenities that include the Clubhouses with indoor/outdoor pools and exercise/game rooms, basketball, tennis, BBQ area, and kid's play structure. This complex does not allow pets. The HOA fees cover just about everything, including cleaning fees - so all you have to do is show up for your weeks and relax! This unit is priced to sell (under pricing other similar units on the market) at $25,000.

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Contact me today to get more details on co-ownership agreements and HOA fees. Or, to schedule a showing! This is a great opportunity for you to enjoy time at the beach without the hassle of finding a hotel room.

Listing Agent: Rachelle Rehberg. Team Home Oregon Coast/Vacasa Real Estate. 541-921-5077.

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Ross and Rachelle Rehberg

Meet Ross Rehberg: I have lived in the area since 2005 and have had lots of success with my personal real estate ventures. I bought my first house in 2006, and was able to built my next house in 2008....

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