FRACTIONAL OWNERSHIP
Fractional ownership is an offering unique to resort areas. It provides an opportunity to not only own your vacation, but to invest, without the substantial commitment that can be associated with whole ownership, Purchasing a time period in a fractional property is much like purchasing a condominium in that you maintain an individual deed, yet share in the upkeep through an annual assessment. Taxes are billed individually to each deed holder. Annual assessments vary as to each specific community but the coverage is similar: insurance, maintenance, landscaping, reserves, appliances, dues etc… You may choose to enjoy all or part of your time period each year. If you choose to use only some or none of your allotted time, you may rent it w/ existing management, on your own, or through one of St. John’s many fine rental management companies (rental management options may be restricted by owners association or other agreement). The opportunities are endless, so come and stay for a while!
ST. JOHN FRACTIONAL OWNERSHIP COMMUNITIES
The Westin Vacation
Club (WVC) offers one week or more, available in various configurations. WVC hosts a total of 150 Units in 7 buildings
w/ direct access to the Westin Resort. Unique
architectural design, luxuriously furnished and equipped (including central
A/C), “Virgin Grand Villa” units (updated in 2008) vary in size and
design. 3 bedroom “Pool Villas” offer
private garden views and individual pools. “Hillside Villas” feature studio, 1 & 2 bedroom units with water
views of Great Cruz Bay and numerous common pools w/ BBQ’s. Completed in 2008 “Bay Vista” offers studio,
1, 2, & 3 bedroom units. All Westin
ownership options include use of hotel amenities; Beach, water sports,
restaurants, tennis, shopping, gym, kids club, grand pool, splash bar and more. When you are not available to use your
unit/week, you may choose to employ on site rental management or explore St.
John’s various rental agencies. View Listings
Virgin Grand Estates
(VGE) is a unique opportunity to own a month or more in a private villa. Two 3 bedroom, 3.5 bath pool villas and one
4 bedroom, 4.5 bath Pool/Spa Villa are located within the gated community of
Virgin Grand Estates. A premier
sub-division overlooking Great Cruz Bay, with varying views of the Caribbean to
the south and west. These fine homes are
all masonry construction in an upscale setting. Only 1 more parcel is available to build a fractional villa in VGE, the
remaining parcels and homes will maintain whole ownership ensuring that your
time period is a sound investment. All
of the homes are spacious, fully furnished and ready to enjoy. The 4 bedroom unit features a fully
applianced lower level “lock out” unit. Each villa features 12 “owner’s closets” so that you may secure your
items to use on your next visit. Annual
owners meetings (often via email or conference call) are held to discuss the
budget and determine what if any maintenance and/or upgrades may be
necessary. Enjoy existing short-term
rental program for your excess time or choose your own management system. View Listings
Brand
new
condominium’s minutes from Cruz Bay Town. Mango Terrace is nearing
completion; Palm Terrace, completed in 2007, is
already enjoying successful short term rental. Each property boasts 6
large units with beautiful views. While a number of these units are
dedicated to
whole ownership, fractional ownership is available in select units as 3
month
shares (25% deeded ownership); Mango Terrace has two fractional
options: One 3
bedroom, 3 bath unit with 2,082 sq. ft. of living space and one 2
bedroom, 2
bath unit with 1,590 sq. ft. of living space. Palm Terrace offers one 4
bedroom, 3 bath nicely appointed unit with
established rental history. These complexes offer shared pools and a
short walk
to Frank Bay beach. Fractional time
frames in these luxury condos are rotating. View Listings
POND
BAY
A private
residence club located in esteemed Estate Chocolate Hole, Pond Bay is the next
generation of luxury offered on St. John. Destin to rival the Caribbean’s finest resorts with six-star service;
exclusive amenities include a 14, 000 square foot destination spa by
internationally acclaimed ESPA. Designed
as an intimate village with contemporary tropical elegance, Pond Bay sits on
15+ acres of beachfront property bordered by a serene natural pond. The Villas and Cottages provide spacious 3
bedroom residences ranging from 2,200 to 4,300 square feet all offering luxury
finishes and furnishings. All rooms have
high ceilings and feature old world textures, highest quality kitchen and
bathroom fixtures, and solid wood cabinetry with marble and granite
counter tops. Each piece of furniture has
been carefully chosen to blend with the simple elegance of Pond Bay Residence Club. PBC offers 1/10th ownership. View Listings
St. John's most affordable fractional ownership option. Own a week in a 2 bedroom 2.5 bath condominiums with private master suite. Spacious two story units are fully furnished with private dipping pools. Beautiful sunset views to St. Thomas and the Caribbean beyond. Common area includes 45' pool out door dining and BBQ. Taxes and insurance are included in annual dues. View Listings
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Resort Ownership Options Around the World With
