Ownership

More than a vacation home.

Like other residence clubs, Magnolia Private Residence Club is owned by its members and operated solely for their enjoyment. As an owner, you receive a one-eighth undivided, deeded interest in a beautifully furnished three-bedroom residence and an interest in the Club facilities and common areas. You can vacation at Magnolia any time you wish, subject only to the generous and flexible reservation policies. And, like any real estate, ownership may be sold, willed, transferred or placed in a trust.

Today's economy is changing the way people buy vacation homes.

People are seeking enriching life experiences and are interested in savoring family time now more than ever. And, they still want to own a vacation home—especially one near the beach.

So, what's changing? Shared ownership is gaining ground in the vacation home market. It begs the question: Why buy the whole pie, when you only want a slice? That's the beauty of Magnolia Private Residence Club. At just $159,000, our pricing is commensurate with use.

Read What the Experts are Saying:

• Steve Dering, Pioneer of the Private Residence Club Concept
• Dr. Richard Ragatz, President of Ragatz Association
• Sun Trust Bank, Spending Survey
• John Grant, author of The Green Marketing Manifesto

Steve Dering, Pioneer of the Private Residence Club Concept

Dering believes there are multiple reasons why Private Residence Clubs will be the first to rebound.

"Affluent households will always want a vacation home," Dering said. "Research shows it's second only to college educations for their children as the most desired, big-ticket discretionary expenditure."

"Residence club owners buy only what they need," Dering noted. "We build one residence and satisfy eight families rather than building eight residences that would sit empty 70 percent of the year. We eliminate waste and have owners who feel they made the right financial and environmental decision."  It's the "green way" to own a second home.

• To read entire press release, click here.

Dr. Richard Ragatz, President of Ragatz Associates

The luxury fractional segment of the vacation home market will be the first to rebound from the current real estate morass, according to Dr. Richard Ragatz, president of the resort industry's leading market research firm.

"The fundamentals of the vacation home market have changed," Ragatz stated. "The days of buying a three-million-dollar house on the beach or at a ski resort with the expectation of 20 percent annual appreciation are gone for the foreseeable future."

"The financial crisis has affected every part of the real estate market," Ragatz said. "But I believe, in the long term, recent events will enhance the attractiveness of the high-end fractional products as compared to whole ownership."

• To read the entire article, click here.

Sun Trust Bank, Spending Survey

In today's economy, consumers are tightening their belts and spending less. Yet, in an effort to keep the same quality of life, they are learning to spend smarter.  Atlanta's SunTrust Bank recently surveyed consumer attitudes towards spending. Their findings:

• Nearly 80 percent of those surveyed would rather be envied for spending wisely than for spending freely.
• Eighty-three percent believe it's not about how much money you have, it's about what you do with the money that you already have.
• Eight in 10 believe that while having more money won't necessarily make you happier, feeling in control of the money you do have increases happiness.

John Grant, author of The Green Marketing Manifesto

?We are looking at a complete redesign of modern life,? Grant says. So the trend for ?fractional ownership, where products are pooled and shared, will explode.?