Real Estate Blog Information for Buyers & Sellers

Fractional Ownership – The Vacation Property you’ve Always Wanted – Just the Way you Want It!

Let me tell you about a great opportunity – if you are looking for a beautiful, turnkey vacation property, that doesn’t tie up too much of your time – or too much of your money, fractional ownership may be just right for you.

Pinestone Crossing is a development of three log homes, located a few miles outside of Land O Lakes. This is a fractional ownership condominium, meaning that each shareowner owns, by deed, a 1/10th share of their log home.  Ownership is limited to 10 shares per home, meaning that this lakefront community will always stay small and close-knit.  Shareowners split use of the log home equally into five weeks of use per year for each shareowner, a week each season plus a floating week. The summer week is fixed, while the others are chosen through a rotation system. There is a condominium association that owners participate in regarding decision making, and professional site managers are there to assist with rentals or other issues that may arise.  Management, maintenance, and utility costs are divided into tenths and paid through quarterly dues.

“Bear’s Den” is one of the three homes here and currently a share is available for sale. Fractional ownership makes sense for many people who are looking for the ideal vacation property, but perhaps live too far away or lead too busy lives to tend to maintenance, cleaning, and so much of the hassles that may arise in owning a second home. It’s a very affordable and practical way to enjoy life in the Northwoods  – while still maintaining your life away from the Northwoods.

This may be exactly what you are looking for – a quiet and luxurious getway, without having to spend any time on maintenance, winterizing, or cleaning.  Simply show up and enjoy your time Up North! Everything you could possibly want is here – a pontoon boat, canoe, paddleboards, and row boat for your use. There’s both a T-dock swimming area and boat dock, a screened gazebo and large deck, even a gas grill and firepit.  With three bedrooms and two bathrooms, there is space for everybody; and the home is fully furnished with a stocked kitchen so all you need to do is come and start enjoying your time on Landing Lake!

If this sounds like the vacation property that will fit perfectly into your busy lifestyle – take a closer look and then give me a call!