Posts filed under 'Florida Beach Resorts'

Sunset Cove Marco Island – Timeshare Fit for a King

Originally conceived of as a Fractional Residence Club, Sunset Cove Resort and Suites in Marco Island, Florida, may just be the best timeshare money can buy.

Back in 2005 Florida’s real estate market was burning so white-hot, it was easy to miss the opening of a small Residence Club along the Marco River. At that time, Fractional Ownerships were widely popular: Generally, a Fractional or Residence Club is sold as a 4 to 12-week block of time, with only limited exchange ability. Resort Developers have long sought to replace the word “timeshare,” as it is thought to be too stigmatized. (Vacation Ownership anyone?) Perhaps Sunset Cove Resort and Suites was to be the crossover: called a Fractional Residence Club, and sold in 1-week intervals like a timeshare.

Today, the real estate market has cooled – and most people understand that Fractionals and timeshares are not the same thing. So where does that leave Sunset Cove? On top, actually. Take away the confusing Residence Club label, and you’ve got a really, really, great timeshare.

Every one of the just 36 units at Sunset Cove is a 3-bedroom that sleeps 8. End units have 3 bathrooms in 1,900 square feet, and interior units have 2 baths in just under 1,700 square feet. These suites have  far too many luxury finishes to list in one post, but highlights include Corian countertops, jetted tub, plasma TV, and a Bose stereo. Furniture is carefully selected, and of the highest quality.

The resort has an on-site marina, where owners are able to use a boat slip during their stay – a priceless feature for the sportfisher. Other Sunset Cove Resort amenities include a pool and spa, fully equipped fitness center, and a helpful concierge staff. Marco Island’s white sand beaches are just a short walk away, or there’s a complimentary beach shuttle.

Timeshares sold at Sunset Cove Marco Island were deeded ownerships until 2009, when Summer Bay Resorts took over timeshare sales at the resort. New ‘owners’ can purchase the Summer Bay Resorts Crown Club membership, with access to Sunset Cove, along with Summer Bay’s other popular properties, but no direct ownership. For existing deeded owners, Summer Bay’s involvement should provide good long-term stability; the developer has decades of experience in successful resort management.

There are two things you want in the ideal timeshare: sound real estate value, and lots of flexible exchange options. With the prime location, limited number of units, luxury appointments, and solid resort management, deeded Sunset Cove Resort & Suites timeshares have real, tangible value, but what about trading? Owners of deeded Sunset Cove timeshare have no less than four exchange programs to choose from!

  1. RCI Weeks – All Sunset Cove weeks trade in red season through RCI. The resort is notoriously difficult to exchange into, meaning weeks are in constant demand. Expect hassle-free exchanges.
  2. The Registry Collection – This exchange program only accepts Residence Clubs, luxury vacation properties, and very high-end timeshares. At Registry Collection resorts, you’ll travel like the rich and famous; enjoying locations off-limits to most timeshare owners. Expect accommodations equal or better accommodations to those at Sunset Cove.
  3. Hilton Grand Vacations Club – Your week can be exchanged for HGVC points, where you’ll exchange with priority to the many popular Hilton Grand Vacations Club resorts. Assigned point values for Sunset Cove weeks are fairly high, so expect to enjoy even more days of vacation.
  4. Hilton HHonors – On years when you’re not traveling to a timeshare destination, or need just a few nights at a time, turn your Sunset Cove week into Hilton HHonors Points, and stay at any Hilton hotel location.

The best part about all these options in that they’re ‘pay-as-you-go’ – Simply join and pay the yearly dues for the exchange program you want to use each year, and then save on exchange fees during years when you visit your home resort. With both mainstream and high-end exchange options, plus high demand and a low number of units, Sunset Cove Resort and Suites are timeshares that can truly take you anywhere.

Buying at Sunset Cove

Convinced yet? In order to buy a deeded Sunset Cove timeshare, you’ll need to look to the resale market – but don’t expect to find these weeks on eBay for $1. With as desirable as these weeks are, not many owners are willing to sell, plus original sale prices at the resort ranged from around $30,000 to over $65,000 per week, so even a 50% discount could mean paying over $30,000 on the resale market! Sound like a lot to spend on a timeshare? Maybe, but this is timeshare that works. Spend a few minutes on the web reading what owners are saying about their other, lesser timeshares, and you’ll find myriad complaints about exchanging, management, or accommodations; perhaps this is why many timeshare owners own multiple weeks – they keep buying more, hoping to eventually get it right.

If you’re serious about owning a timeshare, and want to get it right the first time, look at these Sunset Cove Resort & Suites timeshares for sale by owner, and make a purchase you won’t regret!

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3 comments March 17th, 2011

Buy Daytona Speed Week Timeshare Resales Now!

Which sport is second only to Professional Football for television viewers in the U.S.? Which sport has over 75 million loyal fans that spend over $3 billion on licensed products every year? Which sport holds 17 of the 20 highest attended single-day events? If you didn’t guess NASCAR, you better have your pulse checked!

The Daytona 500 - "The Great American Race"

How about this question, when does an economy motel room cost over $300? Beginning with the Budweiser Shootout on February 6th, continuing with the Gatorade Duel on February 11th, and culminating with the Daytona 500 on February 14th, Daytona Speedweeks 2010 is upon us!

Loyal race fans have long understood the value of buying timeshare. In fact, most timeshares in the Daytona Beach area have already sold-out of week “6” – the traditional week of “The Great American Race.” It’s actually a bit of a running joke amongst race fans that take timeshares tours knowing full-well the resorts have nothing left to sell.

A recent check of mid-tier hotel rates during Daytona Speedweeks showed an average nightly rate around $385 + room taxes of 12.5% – that’s over $3,000 for one week! Add in the high cost of eating out, and your stock-car racing experience is a costly one, even before the price of tickets to the race.  There is another option for cost-conscious NASCAR lovers: Buy a Daytona Speed Week timeshare resale! After the purchase price, using your Speed Weeks timeshare will only cost you the maintenance fee (average $542 yearly) plus you’ll have a full kitchen, condo-style amenites, and room to bring friends!

Here are two rare Speed Weeks timeshares for sale at prices that can’t be beat:

Grand Seas Resort - Race Week Timeshare for SaleGrand Seas Resort – Daytona Beach, FL
Two-Bedroom/Two-Bath, Deeded Week 6 Every-Year
Sale Price: $24,900 negotiable

Cove on Ormond Beach - Race Week Timeshare ResalesThe Cove on Ormond Beach – Ormond Beach, FL
Two-Bedroom/Two-Bath, Deeded Week 6 Every-Year
Sale Price: $28,500 negotiable

Interested? Don’t miss your chance to own a deeded Race Week! Contact the owner and make an offer now!!

Already an Owner? Sell timeshare in Daytona Beach fast!

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1 comment February 4th, 2010

The Parable of The Seagull

Not many peopSeagullle who work in timeshare buy it themselves. The reasons for this are numerous, but generally there are discounts available for industry employees that negate the savings of buying a timeshare. To say the least, timeshare industry workers will usually not buy a timeshare unless it’s a really, really good deal.

During the 1990’s, while working in timeshare marketing in Florida, I ran across at least 8 or 9 people who also worked in the timeshare industry, and who owned timeshare at The Seagull Beach Club in Cocoa Beach, FL. Knowing this was a bit of an anomaly left me wondering what the attraction was. In fact, I got a chance to stay at the resort with one of my friends during their week.

The Seagull is an older resort, initially sold during the 1970s. The property has been well-maintained, has a nice pool, and clean units, but the real draw is its location directly on Cocoa Beach. I thoroughly enjoyed my stay, and actually ran into a number of other timeshare industry owners while I was there. It turned out that, at that time, resales could be bought for between $1,000 and $1,500 per week, even during spring and summer months!

In 1996, a typical 1-Bedroom whole-ownership furnished beachfront condo in Cocoa Beach, FL sold for at least $200,000, and often much more. Comparatively, were one to purchase all 52 weeks at The Seagull in 1996, he/she would’ve spent less than half of the actual cash value of the land and condo!

Why were weeks so cheap? For one thing, the internet was still in its infancy, so there was no way to affordably mass-market a timeshare resale. Also, I would suspect that the owners probably believed the lie, prevalent then and now, that ‘their timeshare was only worth 20-30% of what they paid,’ since weeks had originally sold new for under $5,000. The sad thing about this lie is that for as long as some owners believe it, it becomes truth: those owners dilute the market with under-priced timeshares.

Thinking of running down to the Seagull to buy one of these bargains? Good luck, you’ll need it. In the years since, the Home Owners Association at the Seagull has made some improvements: The building and grounds have been upgraded through annual maintenance payments, and the owners now market their own timeshares on a lovely, and easy to find, website. Many units now sell for $4,000 to $5,000 – representing a fair market value, and around 100% of original sale prices!

There are some important lessons for timeshare owners in The Parable of The Seagull: If you dilute the market for your resort with bargain basement timeshares, even timeshare salespeople will buy them. If you unite with other members of your Home Owners Association, you can work together to ensure fair resale values. You can sell your timeshare for at least what you paid for it, if some time has passed, and it’s marketed correctly.

Add comment August 18th, 2009


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