FORT COLLINS, Colo., June 21, 2016 /PRNewswire/ -- Lifestyle Asset Group, LLC, a recognized leader in vacation home ownership innovation, is debuting its first single destination offering with a truly astonishing home in one of the most coveted vacation destinations in the U.S. Just eight fortunate families will collectively own this $3 million, 4,600 square foot WaterColor, Florida residence, each paying less than the cost of a down payment on a property worth not even half the value.
Learn all the details here: LifestyleAssetGroup.com/WaterColor
The traditional fractional vacation home industry has seen staggering declines with annual revenues dropping from $2 billion to $200 million in the last decade. And it's no secret why. Reservation systems are onerous and hugely restrictive, the homes are built in cookie cutter fashion, and developers mark up the front end of projects by as much as 60%, significantly increasing the cost, and virtually guaranteeing losses in the ultimate resale of the property.
"Our 'Collective Asset Ownership' model is the antithesis of the traditional fractional," states Karla Jones, senior partner for the company. "Lifestyle Asset Group has developed a proven product that involves a small and exclusive group of owners, a residence of immense originality, and a highly credible way to increase the value of your investment."
Highlights of this groundbreaking model are:
- Property is owned free and clear by 8 shareholders
- Each shareholder is entitled to a minimum of 35 nights per year
- Reservation system is arguably the simplest and least restrictive in the industry
- Defined exit strategy at the end of the 8 year term of the LLC
- At sale of property each shareholder's capital contribution is repaid and
100% of the gains in the value are split equally among the shareholders
"This unique, sensible and affordable way to own a luxurious vacation home in your most beloved destination is a product whose time has come," concludes Karla Jones. "And we believe it will change the way people think about investing in a second home."
Learn much more about the debut of LifestyleWaterColor, LLC and the company behind this sea change at LifestyleAssetGroup.com/WaterColor
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/stunning-3-million-vacation-home-in-watercolor-florida-to-change-the-game-in-fractional-ownership-300287606.html
SOURCE Lifestyle Asset Group, LLC