Can I have guests stay at the property?
Family, friends, business associates, or anyone else that you designate, can be accommodated as your guests. Guests are treated as family and may join you, or use the property should your schedule not allow you to attend at the same time. However, guests shall be your responsibility and are required to respect the CC&Rs, Bylaws and Rules & Regulations.
Can I rent out my unused time?
Yes! Our villas allow for the rental of your fully owned villa or priority fractional time. Likewise, you may also take advantage of our in-house rental program to administer the rental of your property.
Are there tax benefits for buying Villa La Estancia real estate?
Similar to deeded real estate, full or fractional ownership at Villa La Estancia offers potential appreciation, depreciation, interest, and expense deductions. Similarly, owners may sell their property or fractional share, or gift it or bequeath it to someone in a will. To clarify details, check with your personal tax advisor for financial advice regarding individual tax circumstances.
Does Villa La Estancia offer financing?
Currently, we are offering in-house developer financing for qualified buyers for a limited time only. For example, we can finance your property for up to 10 years, with an average deposit of 25% of the share price. In general, most homeowners prefer to pay all cash for their purchase. However, others opt to pay for their share by using equity from their primary residence through a line of credit.
Who maintains the property?
The property management team oversees the common areas and takes care of all the maintenance repairs, replacements, and updates as required. Likewise, landscape and pool maintenance is performed on a regular basis by professionals on site. Also, structural maintenance including painting and repairs is handled when needed; all of which is covered by your HOA dues.
For fractional purchases, a professional housekeeper is supervised by the management team, ensuring that your villa is always clean and maintained in a first class condition for your arrival, as you would expect. This service is optional for full owners.
Can I sell my fully owned villa or fractional share in the future?
You may sell your full ownership or fractional share just like any other traditional real estate sale through our very own Villa La Estancia brokerage or privately if you prefer.
What is Fractional Ownership?
Fractional ownership at Villa La Estancia is the shared ownership of a villa with “partner” owners who enjoy their home at different times of the year. Villas in this program are divided into fractions of 1/4 (13 weeks) or 1/8 (6 weeks) in perpetuity. Fractional owners will be given a usage schedule at the time of purchase that will enable them to plan vacation times years in advance. That way, you will know exactly when you have access to your property. During your allocated time, you can arrive at a moment’s notice.
Is Villa La Estancia fractional ownership a timeshare?
No, it is not a timeshare. Unlike a timeshare, in a fractional ownership purchase the buyer owns titled real estate for a particular villa (as opposed to units of time or points). As the property appreciates in value, so does each individually deeded fraction. Owners can sell their fraction whenever they choose.
As a fractional interest owner, will I have exclusive use of the property?
Yes, the property will be exclusively yours to use for the time allotted by your contract purchase. The housekeepers clean the property thoroughly in preparation for the arrival of each owner. You may arrive any time during your calendar schedule. For example, some owners opt to skip the weekdays and arrive for extended weekend getaways.
Who are fractional properties really for?
This type of vacation real estate ownership is ideal for those who want the same benefits of full ownership of an impressive second home, complete with management services. Located in a very exclusive community, Villa La Estancia fractional owners can typically purchase a property that is more luxurious than they may otherwise be able to afford. In general, most fractional owners are frequent visitors to the resort area, and want something they can call “their own” to share with friends and family members. These buyers are looking for an upscale vacation property they can call their own with the same luxury and benefits of full ownership, yet without the responsibilities and costs associated with a wholly owned second home.
How do Villa La Estancia’s fractional villas differ from residence clubs, condo hotels or floating fractionals?
While they all offer luxurious accommodations and services for the person seeking a vacation home, residence clubs and condo hotels etc. tend to offer right-to-use of an individual room or suite within a major multi-unit complex. In most cases, ownership is of a “like kind unit”, meaning you will rarely stay in the same unit twice. Effectively, you have bought a “floating floor plan” in the complex, not a specific unit, even though you may have a title to the overall property. On the contrary, fractional owners at Villa La Estancia will receive the deeds to your specific villa, which you can use every time you visit versus a floor plan where you float from similar unit to unit. You own titled real estate which is yours for life.
TRY before you BUY
Do you know our Try & Buy program?
Want to make paradise your home but would like to check it out first? What better way to decide if you like a property and its community than by staying there and experiencing it firsthand.