All About Fractionals

Dated: 01/30/2020

Views: 78

Image titleAll About Fractionals

FOR SALE: 371 Kinnikinnick, Share D - Bella Beach and Whale Pointe Unit 318 Week K.

If you are that person who visits the coast often, and dreams of having a permanent spot to stay at each time - but have reservations about making a large investment…..a fractional opportunity may be just what you are looking for. In a fractional (shared) ownership, there are a certain amount of owners who each own a share of the property. Every property has their own co-ownership agreements, and often HOA rules & regulations to abide by. There is usually a quarterly payment that each owner is responsible for (covering a variety of items from monthly utilities, maintenance, HOA and cleaning fees, to name a few). Each also have their own process for assigning weeks, and some are more open to making changes than others. It’s a good idea to read through all of these details to fully understand what you are purchasing. However, this is a fantastic way to pay a small amount to always have a place to call your own at the coast - and is hassle free with the fees paid to maintain the property.

Currently, Team Home Oregon Coast (Listing Agent Rachelle Rehberg) has 2 fractional opportunities to consider. Both are priced well, and affordable! The first is 371 Kinnikinnick, Share D in Bella Beach. This is a beautiful 3BD 3.5BA 3 Story Townhouse offering 10 weeks per year to enjoy. There are ocean views to enjoy from the decks and master bedroom, along with a fully equipped kitchen with granite counters. There is plenty of space for everyone, including a bedroom with en-suite on the entry level. This particular group of owners has requested that there be no pets and no rentals (other than to close friends/family). As such, this home has been meticulously maintained as a vacation home. As a part of Bella Beach, you also get to enjoy the community areas which include grassed picnic areas, children’s playground, and beach access. This fractional opportunity is priced at $89,000. https://www.homeoregoncoast.com/property/378-192478-371-Kinnikinnick-Way-Share-D-Depoe-Bay-OR-97341


Image title


Our other listing is at Whale Pointe in Depoe Bay - Unit 318 Week K.  This is an ocean front condo, offering 4 weeks per year (one week per quarter). It is on the top floor, with elevators available for easy access. The unit includes 2 master bedrooms/bathrooms with their own decks to savor ocean views. As an owner of this unit, you will get to enjoy amenities that include the Clubhouses with indoor/outdoor pools and exercise/game rooms, basketball, tennis, BBQ area, and kid's play structure. This complex does not allow pets. The HOA fees cover just about everything, including cleaning fees - so all you have to do is show up for your weeks and relax! This unit is priced to sell (under pricing other similar units on the market) at $25,000. https://www.homeoregoncoast.com/property/378-192958-939-Nw-Hwy-101-318-Week-K-Depoe-Bay-OR-97341


Image title


Contact me today to get more details on co-ownership agreements and HOA fees. Or, to schedule a showing! This is a great opportunity for you to enjoy time at the beach without the hassle of finding a hotel room.

Listing Agent: Rachelle Rehberg. Team Home Oregon Coast/Vacasa Real Estate. 541-921-5077. rachelle@homeoregoncoast.com

Blog author image

Ross and Rachelle Rehberg

Meet Ross Rehberg: I have lived in the area since 2005 and have had lots of success with my personal real estate ventures. I bought my first house in 2006, and was able to built my next house in 2008....

Latest Blog Posts

All About Fractionals

All About FractionalsFOR SALE: 371 Kinnikinnick, Share D - Bella Beach and Whale Pointe Unit 318 Week K.If you are that person who visits the coast often, and dreams of having a permanent spot to

Read More

Dont Let Major Home Repairs Put You In The Hole

Don’t Let Major Home Repairs Put You in the Hole: Tips to Cover the Cost on a BudgetOwning your own home is exciting. It takes some budgeting, especially when you factor in the cost of the

Read More

HOC Annual Fundraiser April 13th

It is that time of year again where we get to through a party!!!! This year its a PIZZA PARTY!!!! We encourage everyone to come out on Saturday, April 13th to the Eagles Lodge for some fun

Read More

Valuable Tips For Future Sellers

Are you ready for your next life adventure, but know that you have to sell your home first to move toward that goal? It can seem like a daunting task if you don’t have an experienced real estate

Read More