A Smart Way to Own, a Beautiful Way to Live
What is Co-Ownership?
Owning a vacation home has never made so much sense. Co-ownership among like-minded families allows you to own the luxury vacation home you have always dreamed of but at a fraction of the cost and without all the tiresome and expensive responsibilities of owning a vacation home on your own. Residence clubs designed, structured, and operated by Elite Alliance Real Estate provides the comfort of knowing your new vacation home is backed by 30+ years of success.
Elite Alliance Co-Ownership Advantages
What Residence Club Owners Are Saying
The Reefs Club / Bermuda
The Residences at The Chateaux / Park City, Utah
Club Borgo di Vagli / Cortona, Italy
The Christie Club / Steamboat Springs, Colorado
The Phillips Club II / New York City
The Christie Club / Steamboat Springs, Colorado
The Residences at The Chateaux / Park City, Utah
The Phillips Club II / New York City
The Reefs Club / Bermuda
Elite Alliance Expertise
Elite Alliance® founder Steve Dering pioneered the residence club co-ownership concept. He and the Elite Alliance team have provided resort and urban real estate developers with specialized expertise in the design, legal structure, financial modeling, marketing, and sale of luxury fractional ownership projects for more than 30 years. With Elite Alliance’s guidance, these luxury fractional ownership clubs have generated more than $1 billion in sales worldwide.
See our historyMarlin Bay Resort & Marina
Marathon, Florida
Frequently Asked Questions
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Is residence club co-ownership a timeshare?
No. Timeshare is typically the right to use only a specific week or a certain number of points. Although appropriate for a segment of the market, timeshare is essentially the pre-purchase of vacations with little or no residual value. Residence club owners receive deeded real estate ownership and have access to all club residences within their ownership category, with the right to use anytime, subject to the reservation policies.
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Do residence club buyers own real estate?
Yes. Ownership is evidenced by a real estate deed, which is recorded and guaranteed by a title insurance policy. Each owner is conveyed a debt-free, undivided deeded interest in one of the residence club’s fully furnished residences.
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How often can owners stay at their residence club?
As often as they wish, subject their club’s reservations policies and availability. Owners have the flexibility of reserving Planned Vacations well in advance and also visiting on a short-notice basis. The number of owners per residence varies by club, depending on seasonality of the location. Typically, owners reserve 21 days of Planned Vacations in advance. This leaves abundant additional occupancy for space available vacations during the year.
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Are all residences fully furnished?
Yes. Every residence club unit has been designed by experts and is fully furnished and fully accessorized.
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Will residence club owners always stay in the same residence?
No. To provide the greatest flexibility and availability, owners have equal access to all residences within their ownership category. Requests for specific homes will be granted when possible.
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Can a club ownership be resold?
Yes. Like any other form of real estate, the owner’s deeded fractional real estate interest can be sold or transferred by the owner, or sold by a licensed real estate agent, subject to the residence club legal documents.
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Do owners pay annual fees?
Yes. The annual fees pay for the professional management, operation, and maintenance of all club residences. Included in these annual fees are funds for staff salaries, supplies, maintenance, trash removal, legal/accounting, utilities, transportation, management fee, property taxes, master association fees, and clubs for scheduled maintenance and replacement of residential furnishings and appliances. Each owner’s annual fees are a fraction of the all-in annual costs associated with sole ownership of a luxury vacation home.
Reach out for more information
Learn More About Our Real Estate Services
Whether you’re a resort or urban real estate developer, the Elite Alliance Real Estate team is here to help transform luxury ownership projects around the world with our specialized expertise in design, legal structure, financial modeling, marketing & sales.
Learn More80 | 50 Mammoth Private Residence Club
Mammoth Lakes, California