Fractional or Partial Ownership in Vail Colorado
Fractional ownership can apply to almost anything. There are examples of fractional ownership of airplanes, yachts and certainly homes. There is rumor if not proof that the fractional ownership of home started in Colorado in the 1990s. You can read more about fractional ownership on Wikipedia.
Fractional ownership was addressed by an article found through the National Association of Realtors. It’s another view of fractional ownership and may help you with your decision to own a property that allows you to quit worrying about the 3 T’s of real estate – trash, toilets and tenants. Read more at accruit.com’s site.
There are fractional ownership properties in Vail Colorado that appeal to specific families and situations. While they work great for property ownership for many people, they may not work for others. Why? Some families are flexible and can travel at different times of the year. Other families have to travel for ski vacations during school breaks and thus have a rigid schedule. Be sure you know what you are purchasing prior to making an investment.
Renting a fractional property, however, for your vacation is always a good option. The properties in this category are well maintained and generally have fantastic amenities. We rent fractional properties on a regular basis for all seasons of the year.
If you own a fractional property, you work with the property staff to choose the weeks you would like to be in town for your vacation. These weeks can ‘float’ or change from year-to-year or, in some cases, remain constant.
Generally speaking, any fractional ownership interest may be sold or transferred by the owner or sold through a licensed real estate agent, subject to the governing documents of the particular property you are investigating.
You can expect on-site housekeeping and concierge services as well as parking unless otherwise noted.
Properties we know are listed in order by the property name – not by availability, popularity or any other category.
Austria Haus Club in Vail
The Austria Haus Club in Vail has 18 fractional ownership condominiums. This property also has a hotel included on the property and all common amenities are shared between the Condo owners/renters and the hotel guests.
For owners, there is a ‘space available’ program which is a reservation based system and is organized in a, somewhat, first-come, first-served basis. There are procedures for the property by which ‘space available’ is made known to the owners and then scheduled.
One Willow Bridge in Vail
One Willow Bridge Road is located at the previous home of the Swiss Hotel of Vail (the property originally owned by the Faessler family in 1986). Prior to being the Swiss Hotel, it was the Talisman Lodge. The Swiss Chalet Restaurant was previously in this location but was moved to the new wing of the Sonnenalp Hotel (just a short walk down Meadow Drive).
One Willow Bridge has 21 two and three bedroom luxury condominiums (the number of condominiums can fluctuate due to occasional changes in floor plans for homes). Of the condominiums available, 12 are available for fractional ownership (two, 2-bedroom homes and 10 3-bedroom homes).
Amenities at One Willow Bridge that distinguish it from other properties since owners and guests have access to the amenities offered at the Sonnenalp Resort in Vail. This includes room service, access to the Resort’s spa facilities, and preferential tee-times at Sonnenalp Golf Club of Vail.
Each member or owner owns an undivided, deeded interest in the Club’s elegantly furnished private residences. Each fractional owner is allowed seven vacation weeks per year; three during winter season, three during summer season and one during either winter or summer. “Space available” vacation weeks may be reserved in accordance with local procedures for the property.