Fractional Ownership in Las Vegas
There is a new trend sweeping the vacation ownership and timeshare industry, it’s called fractional ownership and also goes by the name of private residence club. There are several benefits of fractional ownership vs. timeshares and even vacation homes. First, unlike timeshares, you actually own a deeded interest in the property. Timeshares are generally leases and must be given back to the developer after 20-30 years. The benefit over whole vacation ownership is less headache and costs. You still own the vacation property but instead of being the sole owner of the property you usually own that with 6-12 other people. This means you are sharing in the costs of the actual property, the maintenance, and all other costs associated with it. This makes sense because why pay for all that yourself when its a vacation property and you might only use it 1-2 months of the year. Not to mention the headache of upkeep and maintenance.
One of the latest properties to grab our attention is the Oasis Private Residence Club which is located just steps off of the world-famous Las Vegas Strip. These luxury condos are dressed to the 9 in luxuries both inside and out. Here is a short description from their website.
For those who desire a resort-caliber lifetsyle, Oasis Private Residence Club at The Meridian Las Vegas offers everything you have dreamed of and more. The mediterranean-style atmosphere features award winning architecture, lush landscaping, romantic courtyards, and two resort-style swimming pools. With a location just steps from the Las Vegas Strip, the peaceful settings at The Meridian allows you to embrace the best Vegas has to offer.
Did I mention they are selling for only $25,000 which gets you a 1/12 interest in the property? That is an absolute bargain which I am sure can be attributed to the falling real estate market in Las Vegas. Other private residence and fractional ownership clubs sell in the range of $100,000-$500,000. With all the amazing amenities this property offers, such as two resort style pools, concierge, club house, and more this is an amazing vacation condo located right in the hear of Las Vegas.