The American vacation tradition is alive and well thanks to Fractional Ownership (Partnership Intervals or Fractional Ownership). We all remember our childhood vacations at the beach. With the rapid increase in coastal property values, many families feel priced out of the market. Interval Ownership offers these families a practical means of assuring future generations of children and grandchildren the opportunity to create the memories and traditions we remember so well.
Each Fractional Share purchaser owns an interest in a fully furnished beach home and is entitled to occupy the unit each year for the time interval purchased which is four weeks (for example). One week is assigned in each of Charleston,S.C. four wonderful seasons. The fractional periods rotate one week each year. Other share interests are available.
Some of the great advantages of fractional ownership are: You are afforded the ability to purchase your Charleston,S.C. fractional vacation home for just the time you use it each year. You become the exclusive owner of the intervals you choose. You own your unit outright and receive an Indentured Deed, which is recorded in the county where the property exists. In some fractional partnerships or limited liability corporations are created to form the interval ownership. You may rent, sell, exchange, bequeath, or give away your weeks just like any other real estate. You become a member of your home's private Home Owner's Association (HOA) where you and the 12 other owners, as an HOA, have total control over your property. Units are refurbished; furnishings and equipment are replaced as required or at the discretion of the HOA. A one-time purchase guarantees Charleston, S.C. fractional vacations forever at today's prices, with no repair or maintenance problems or seasonal openings and closings. Your Charleston, S.C. fractional vacation begins the moment you arrive.
Many families now own second homes at their favorite Charleston,S.C. resort. However, some decide that full ownership of a second home is not practical due to availability of disposable income, problems associated with caring for a second home from long-distance or simply from the short periods that families actually use the second home. For these families "Fractional Ownership" offers the ideal alternative. Charleston Fractional Ownership is a simple, practical concept, which offers the opportunity to own a fully furnished home in Charleston, S.C. at a fraction of the cost of purchasing an entire second home.
Most fractional sales are cash transactions - some offer owner financing. 1031 Tax Defered Exchanges, Self-Directed IRA Accounts & Home Equity Lines are other financing options. Your IRA can employ the use of debt to finance the purchase of real estate, but there are some rules to follow - we suggest that consult with your tax adviser for guidance. However, you have three friends that are looking for similar opportunities. You and your three friends can combine your IRA funds to make the transaction happen. In 1974,the Employment Retirement Income Security Act gave all self-directed retirement plans this option! The Roth IRA in 1997 and especially the Roth 401(K) (which has no salary caps for deferrals) in 2006 made tax-free investments phenomenally popular. Visit www.securitytrustcompany.com for additional information on self-directed retirement plans.
This is a good example of a single family interval / fractional home located near Charleston, S.C. on Isle of Palms,S.C. Own 1/13 fee simple ownership (interval VI) in this beautiful oceanfront 6 BR, 6.5 BA, fully funished home. Just one block from the center of Isle of Palms,S.C. This Isle of Palms,S.C. home offers private beach access, elevator, dual master suites, hot tub, gourmet kitchen. Elegant, yet affordable ownership.
Located on the Isle of Palms just minutes from Mount Pleasant, Sullivans Island and Downtown Charleston,S.C.
Don't miss this opportunity to purchase 1/13th partnership interval(4 weeks per year)located in the Village @ Wild Dunes - the very heart of a private, gated, full-service island resort. This is a fully furnished resale 1 bedroom, 1 bath luxury condominium with a large covered balcony overlooking the Plaza - a spacious common area which serves as the hub for intimate gatherings and social activities with guests and owners. This 1 bedroom condominium has been professionally decorated and furnished with the latest designer furnishings. It is currently in the DWD rental pool, generating income from resort vacationers and conference attendees. Owners and guests can relax and indulge in the Resort's award-winning amenities. The Village is located adjacent to the Boardwalk Inn and Grand Pavilion offering poolside service along with rental of beach chairs, umbrellas, sailboats, and surfboards. You are just a short walk to the ocean or other world class amenities including eighteen clay and hard surface tennis courts, the Harbor golf course, Wild Dunes marina, multiple swimming pools and a variety of unique restaurants and shops.
Charleston, SC Fractional Ownership Listings 2018
To go to a brief report with additional pictures on Charleston Fractional Listings located on Isle of Palms, Wild Dunes & Dewees Island Click Here!
To go to a brief report on Charleston Fractional Listings with additional pictures located on Kiawah Island & Seabrook Island Click Here!
--Information deemed reliable but not guaranteed--Copyright: 2016 by the Charleston Trident MLS Association of REALTORS
Another great example of a Interval / Fractional Ownership beachfront home located on Dewees Island, S.C. This is a great way to be a part of Dewees Island for a super price. Community amenities include tennis courts, pool at community center, beach access and nature rails. Docks available full time. Naturalist & educational programs available. Call now to tour the island & get updated on how special Dewees really is! The most beautiful and private beach on the eastern seaboard.
This is for 2/13th share of Partnership with eight (8) weeks use per year in this wonderful oceanfront house on exclusive Dewees Island. Weeks rotate Friday to Friday. House features gourmet kitchen with 2 dishwashers, SubZero refrigeratgor, Viking stove and great ocean views. Direct ocean access on private, pristine beach that you share with the deer, dolphins and birds.
All of Dewees Island is a nature preserve and not like anything else you have seen. It is truly the beach of your childhood dreams.