“ The times, they are a changin” (Bob Dylan)
LifestyleOne LLC, our portfolio offering consisting of six luxury residences in six unique world class destinations, is the perfect second home solution for those with a sense of wanderlust, enjoying travel to a variety of destinations all while being invested in a real estate portfolio that is diversified. But it is undeniable to us, from literally hundreds and hundreds of discussions with people that considered LifestyleOne, that there is a voracious appetite for a shared luxury real estate ownership model that involves a single, remarkable residence located in their absolute favorite location. As you would expect, the variety of favorite destinations vary widely but included those coveted locations that often are cited as the top vacation destinations year after year: Hawaii, Cabo, Carmel, Lake Tahoe, Gulf Coast of Florida, Vail/Beaver Creek, Colorado, Napa/Sonoma, CA, NYC, Sea Island, GA, just to name a few.
With this benefit of meaningful insight from keenly interested vacation home buyers, we responded to this "favorite destination" appetite and created our debut product for a Single Destination LLC located in the charming and beautiful beach community of WaterColor, Florida.
In the latest Ragatz and Associates Annual Report, which analyzes data on the Fractional and Private Residence Club sectors, there are a number of data points offered and most of it does not need any real interpretation. However, there is one very significant point made in the report that begs for some discussion, as the statistics are startling. In particular:
Why choose? You can have both a return on investment and a return on enjoyment with Lifestyle Asset Group
A breed of vacation home ownership is once again gaining steam that allows individuals to share ownership of a vacation property. Think of it like this: A whole pie may look delicious, but it doesn’t make financial sense to buy the entire dessert if you are just having a few bites. However, if you split the cost among several buyers and ensure that everyone gets a slice, then the purchase makes sense.
At some point, nearly everyone fantasizes a bit about the allure of owning a beach home. And why not? Time at the beach with family and friends ranks on the top 3 wish list for most people as the sights, sounds and smells of the ocean are undeniably hypnotic. But behind the romance of all this lies a stark reality that stuns most when they discover this one fact: the cost of insurance in hurricane zones.
The Next Generation of Second Home Ownership
In order to truly relax in your vacation home, it's important to know that you have made a good investment. Traditional fractional ownership programs may offer exciting destinations and top-notch amenities, but can they also offer the reassurance that you're not throwing your money away? Lifestyle Asset Group has significantly improved upon the fractional model to make sure you not only have great vacation experiences, but you also participate in a sound real estate investment.
Fractional real estate was born out of necessity as developers who were building luxury vacation homes at some of the country's largest ski destinations were running out of slope-side space to build. With most of the existing homes sitting vacant for most of the year, the concept of shared ownership became an almost obvious choice. Today's fractional real estate industry has changed since it first burst onto the real estate scene several decades ago, and there are now several different models that are successful, including collective asset ownership. Although each model is slightly different, they are all based on the concept of shared ownership in a high-end vacation property.