Introducting Private Residence Clubs Built on Innovative Fractional Ownership
Los Sueños, Costa Rica (August 1, 2013) — Capitalizing on growing interest in fractional ownership and private residence clubs, Palms International Real Estate Costa Rica has established the Hammock Club Collection CR, offering luxury resort real estate in Costa Rica to buyers seeking high-end vacation homes in one of the world’s most popular destinations. With this innovative approach, affluent travelers and vacation home buyers can now, for example, own a one-eighth deeded share of a large, stunning Spanish Colonial style $2.5-million home, on the golf course in Los Sueños Resort & Marina for only $319,000.
Fractional ownership has been recognized as the fastest growing segment of the second-home market for the past decade, and Palms International Real Estate Costa Rica is leading the way in this financially sound and proven approach in Costa Rica. The concept of fractional ownership was founded on the slopes of the Rocky Mountain ski resorts but is becoming increasingly popular with those seeking luxury vacation homes in tropical destinations. The concept recognizes and supports what research has proven: most owners of vacation real estate only use their properties four to five weeks annually, making fractional ownership a smarter option for vacation home buyers.
“Our typical buyers are affluent professionals who, quite frankly, can write a check for a home or luxury villa, but only plan to use their vacation home a few weeks per year,” said Deborah Gauthier, a partner at Palms International Costa Rica. “Our Hammock Collection fractional program makes much greater financial sense by saving them money on the purchase, providing a worry-free home that’s always waiting and offering a full range of concierge services.”
The exclusive Los Sueños Resort on Costa Rica’s central coast is one of the Hammock Club’s locations with both homes and luxury condos currently available. A one-eighth deeded share of a $2.5-million home on the golf course is offered for only $319,000, while buyers will find a fully furnished $850,000 oceanview condo in Los Sueños for only $139,000. Under this unique private residence club model, a Hammock Collection owner can use a property as often as they wish based only on availability. Also as part of the Hammock Collection, all of these real estate options include the wide range of personalized services offered by a boutique hotel to make vacations as enjoyable as possible.
“Just a month after introducing the program, we are giving tours daily to buyers from both the United States and Costa Rica in our Hammock Collection homes in Los Sueños and Manuel Antonio,” Gauthier said. “Next month we will be adding Hammock Club Collection homes on the Nicoya Peninsula and in Guanacaste at Hacienda Pinilla as well.”
About Palms International Real Estate Costa Rica
Palms International Real Estate Costa Rica is a company specializing in resort real estate sales and marketing with an emphasis on luxury properties in Costa Rica. This U.S. based firm has performed work on many luxury resort developments in Central and Latin America, and the Caribbean. Palms International Real Estate currently has offices in Jaco, near Los Sueños Resort on the Pacific Coast of Costa Rica, and a satellite office in Manuel Antonio, CR. Plans are in place for an office in Tamarindo, Guanacaste and Cabo San Lucas, and Puerto Vallarta Mexico in 2014. For more information, please visit http://www.hammockcollectioncr.com or http://www.palmsintlcr.com.