Private Quarters Club Makes Popular Fractional Ownership Within

Fractional real estate - a type of deeded, shared home ownership - is on the rise for buyers looking to purchase second homes. According to industry reports, fractional real estate sales rose to $1.65 billion in 2006 within the Caribbean, Canada and United States. The good news is that it is one real estate investment that so far has remained relatively unscathed by the broader real estate market's twists and turns.

Fractional home ownership appeals to buyers who can purchase exceptional homes (perhaps even nicer than their primary residences) that they can use for a specific amount of time each year, and along with the home also have automatic access to a luxurious lifestyle that includes more than just maid and maintenance services but also an attentive concierge and membership to private country clubs with world class golf courses.

A new company - Private Quarters Club - is taking this lifestyle, which until now had been reserved largely for the "rich and famous" - and making it affordable and accessible to the middle market.

Private Quarters Club, which has opened private residence clubs in Florida, Wisconsin and Missouri, has opened up the advantages of fractional ownership to a whole new market - offering beautifully appointed second homes in some of the country's most exclusive golf communities, and automatic membership in world-class golf and country clubs, at prices within realistic reach of the mid-market.

The numbers speak for themselves. For example, fractional ownership of private residence club villas often costs $350,000 or more, in addition to a whopping $25,000 in annual dues and an initial membership fee of $30,000-$50,000. The founders of Private Quarters Club realized that for the average consumer, this is simply unattainable and responded by building second homes with the private residence club lifestyle within reach for ordinary people at one-quarter the cost.
Produced for Private Quarters Club