NeilGoBlue

I'm getting ready to goto Hilton Head on Sunday. It's one of the original Bellehaven's homes. It's one of the homes that is for sale and wasn't part of the new AK (tho we can still use it till it's sold). I hear it's on the market for 1.8. It seems really nice... but not upto AK standards.. so it's on the block..

That got me thinking... There is one thing that bugs me about DCs.. no 'on the beach' properties. I know there are some exceptions, but for most clubs.. it's just too expensive.. When I was in Cabo.. beach front land started at 4-5M. My business partner just came back from Hilton Head and stayed in a tear down on a 1/4 acre, that was listed for 2.75MM.

I think it would be a good idea to sprinkle in some waterfront properties, possibly in less desirable locations, that would meet the 3MM criteria of most clubs.. Not a lot of homes.. but sprinkle in enough, that if someone wants waterfront, they could have it..

The other thing I was thinking about was the lack of usage in certain properties. For example, Hilton Head... It probably only gets used 5 months a year, and is a secondary property.. But, you could find solid properties that might only be used 5 months a year, for the 1.6-2.2 MM range. This would allow you to buy 2 properties, to get the usage for about the same price. I think it's good to have a cross section of properties and a cross section of geographical areas... I wouldn't skimp on the quality of the home tho...just the location maybe to get different cross sections...

Am I in left field?

Kagehitokiri

i definitely question why there are not more detached beachfront with pool, and ski-in/ski-out. its good to see more of those being acquired recently.

its also been very interesting to see what people prefer in the numerous threads on property type/location both on TUG and here.

NeilGoBlue

Well price is the main factor.. During a conference call, AK was asked about ski in ski out in aspen.. they said it was 4-6MM. While you could have ski on ski out in snowmass for 3MM.

TravelGuy

Absolutely! The DCs "settle" for non-beach front properties for the same reason that all buyers do ... price within their budget.
My personal preference is a non-beach front home in a great location. I'd rather have an off-beach home in Hilton Head than a beach front home in Camden (with all respect to those living in Camden).

pwrshift

My pref for HH is beachfront too ... but I don't understand why the timeshare developers don't seem to have a problem getting beachfront in HH while DC's stick you inland...and still list it as a 'beach' location.

Here's Grande Ocean - one of the top TS in demand anywhere - now selling resale for about $25,000 a platinum week, almost double the initial price when they included a world trip for two Marriott Rewards program. Just steps to the beach, but watch out for baby turtles.

Marriott's Grand Ocean Resort - Hilton Head Island Resort

NeilGoBlue

Like I said... 3 MM just for the land for the piece of land my partner was staying at, and it wasn't even in the 'good' or 'upscale' area of HH.

pwrshift

Is HH one of the areas that didn't get hit with the RE turndown ... or is 3 MM a lower price than 2 years ago?

btw ... when you're in HH try the Old Fort Pub restaurant. Quite classy and gourmet.

Old Fort Pub - 65 Skull Creek Drive, Hilton Head Plantation, Hilton Head Island, South Carolina 29926 843.689.9100

NeilGoBlue

Thanks...I'll give you an update on the real estate market once I come back.. and thanks for the restaurant suggestion! We'll eat there!

mjs

Shifter,
why doesnt Marriott have ALL beach locations for their Hilton Head Properties?
Why do they have a golf cart to take you to the beach at one of their newest Hilton Head properties that is advertised as beach.
Why does Marriott advertise "beach location" on their website, when some of these HH timeshares are not even near the beach?

Sorry, but your posts are often not correct, and add little to this DC forum.

DC4MS

Simple answer = density and square footage.

Marriott can put 300 (or more) 2 bedroom timeshare units in a high-rise tower when a Destination Club can't.

There are several DCs with beachfront properties, but most are located in areas like Mexico, Caribbean, etc.

Of course, if a DC was to offer beachfront homes in the USA, then the prices would be fairly high.

pwrshift

mjs ... you are so knowledgeable about Marriott TS why don't you tell us how many of those HH Marriott they actually built as opposed to bought, and how many of the ones they actually built as the developer are considered 'beachfront'?

Talk about being misleading! Read my post again ... did I mention anything other than Grande Ocean? Marriott went on a buying binge years ago to stake a claim on HH - some worked and some didn't, but the ones they originated have been big sellers, with over 39,000 owners very happy in those ones alone.

Good to see you contributing to the BBS -- let's see if you can add anything to this board.

TarheelTraveler

As deposits keep increasing, I suspect more and more DCs will acquire oceanfront properties, particularly if the increases in deposits outpace the real estate appreciation. Before looking into it, I would have assumed that 3M gets you some great oceanfront properties, but practically, you end up having to give up either the general location (e.g., drop down from Kiawah to the Outer Banks), go with a condo (instead of free-standing house), drop down a few notches on the resort or development, or buy a resale (instead of new construction). In a few places, you can hit the holy grail of a great new free standing house, in a great resort development, in a great high-end destination, on the ocean or ski-in/ski-out, at the 3M price point, but it's pretty few and far between, particularly in the U.S.

The A&K house in the Punta Mita development is probably my favorite, because it hits on every one of those points. It's one of those magical places. I like the Kiawah house a lot, because it hits on every point except oceanfront, but it would be hard to get a good vacant oceanfront lot for $3M on Kiawah.

I like Neil's idea of maybe dropping down on the location some to get more oceanfront properties. May not be as glamourous from a marketing perspective, but I do think a lot of members would go for that. I'd be less willing to give up on the high-end resort or development or new/amazing house aspects.

NeilGoBlue

is the punta mita AK house oceanfront?

TarheelTraveler

It is oceanfront. The beach is hard to access directly in front of the house, because of the topography, but you can easily walk to an area close by or alternatively take the golf cart to the beach club. There are I believe miles of beaches in the development with incredibly low density for the development, so you've pretty much got long stretches to yourself if you like it that way. The resort is definitely a little quieter. But if you do want more people around, you can just head to the Four Seasons beach.

There is nothing like waking up every morning at the house to an amazing staff prepared cooked breakfast on the terrace overlooking the infinity edge pool and ocean. Fresh squeezed juice and cut fruit. Evening homemade guac and salsa also are fantastic. Those extra amenities for the location are pretty hard to beat.

TarheelTraveler

I forgot to mention that they've got a St. Regis going in to be completed in the fall. An amazing Nicklaus golf course (they've got a No. 1 Conde Nast golf resort ranking), with a soon to be completed second Nicklaus course. The first course has an optional 19th hole on a small island, and you take a special water capable ATV to get to it. The development gets some amazing press. Check this link out: Luxury Real Estate in Punta Mita and Puerto Vallarta, Residential & Beach Properties in Punta Mita and Puerto Vallarta. As you can tell, I'm a big fan .

NeilGoBlue

I'm sold..we were trying to figure out whether to go to La Quinta or Punta Mita..

Punta Mita it is..

TarheelTraveler

I think you'll really enjoy it. The only down sides I can think of are it's harder to get to from the East Coast (few if any direct flights) and not much in the way of shopping for the Mrs. Puerto Vallarta has more, but the village of Punta Mita has very little. Restaurants in the village of Punta Mita in my experience were not very good. Ones in the development at the Beach Club, Golf Clubhouse and FS are very good. Beach Club restaurant is a bargain. One of the best restaurants in PV, Cafe des Artistes, was opening a restaurant in the village, but it wasn't yet open when we were there.