Experience - Smart Ownership

Imagine a dream vacation home where the staff attend to your every need so you are free to enjoy carefree beach living.  Magnolia Private Residence Club is just that - a retreat where you escape the hassles, high price and market vulnerability of second home ownership while your family escapes the everyday world.  Club ownership is a smart alternative. 

 ... OWNERSHIP OPPORTUNITIES COMING ...
FRACTIONALY PRICED. FULLY LUXURIOUS.

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QUESTIONS & ANSWERS

If I purchase at the Club, do I own real estate?
Yes. Ownership is evidenced by a real estate deed, which is recorded and guaranteed by a title insurance policy.  Each Club owner is conveyed a 1/8th undivided, deeded interest in one of the Club's fully furnished residences and has flexible access to all residences.  Like other real estate, ownership may be sold, willed, transferred or placed in a trust at any time.

How many ownerships will be sold?
The Club will offer only eight ownerships for each Club residence. There are 17 three-bedroom residences, allowing for all 136 owners to have flexible and abundant usage.

What are the advantages of private residence club ownership?
Residence club ownership is designed to provide generous and flexible vacation use and remove the worries typically associated with vacation-home ownership such as upkeep, security and maintenance.  Residence clubs also significantly reduce the financial burden through shared ownership as well as shared taxes and insurance.

Have private residence clubs been developed at other prestigious resorts?
Yes. This ownership concept has been enthusiastically embraced by affluent buyers at premier resorts such as Aspen, Vail, Telluride, and Steamboat Springs, Colorado; Deer Valley, Utah; Napa Valley and Lake Tahoe, California; Caba San Lucas, Mexico; and Tucker's Town, Bermuda.  There is also luxurious private residence clubs in Manhattan.  Each of these clubs is owned and operated much like Magnolia. 

As an owner, how often can I vacation at Magnolia?
As often as you wish, subject only to the Club's reservation policies.  As a Club owner, you have the flexibility of reserving Club vacations well in advance, as well as booking space available and short notice vacations.  There is no limit to the amount of use.  If some owners visit the Club less often, other owners can visit more.

Is Magnolia Private Residence Club a typical timeshare development?
No. Unlike a typical timeshare where owners purchase a select, pre-assigned week, Magnolia offers owners a guaranteed minimum number of vacations. Owners choose when they wish to vacation, plus they can enjoy a virtually unlimited number of additional vacations.

How do owners reserve lodging?
The Club's reservation policies allow owners to reserve vacations well in advance, while also accommodating more spontaneous visits. Each December, owners reserve their planned vacations for the coming year. Space available and short notice vacations may be reserved through the year.

Can Magnolia owners reserve more than one residence during the same time period?
Yes. Because Club owners are not restricted to the particular property they own, they can reserve more than one residence at any given time to accommodate family reunions, executive retreats and larger groups of friends and family - if sufficient residences are available.

What is the quality of construction, furniture and accessories at Magnolia?
Construction is the highest quality and is comparable to other new, upscale Florida vacation residences. Each residence is fully equipped with state-of-the art appliances and luxuriously fine linens. 

Do owners pay annual fees?
Yes. Magnolia owners pay annual fees for the professional management, operation and maintenance of all Club residences and facilities.  These fees are significantly lower and are more comprehensive than those of a wholly-owned vacation home, included in these annual fees are funds for property tax, insurance, utilities, administrative salaries, supplies, maintenance, window washing, trash removal, legal/accounting and reserves for the replacement and/or refurbishing of Club facilities.