Own a Slice of Luxury Resort Living in North Georgia's Blue Ridge Mountains for a Fraction?

By
Real Estate Agent with BHGRE - Metro Brokers

Recently, I wrote a couple of articles about Fractional Ownership (not to be confused with timeshares) and promised that I would have more to come regarding this new purchasing concept for luxury real estate in the North Georgia Mountains. Our first high-end resort community for Fannin County is well underway.  So, get ready for a development of highly distinguished rustic elegant log homes with amenities that traditionally have been enjoyed by the rich and famous! Nature's Estates, a resort community now underway and Fractional Ownership of real estate is about to revolutionize  Fannin County 's Blue Ridge Mountains.  Buy by the slice or Fractional Ownership of real estate, a new purchasing concept to North Georgia makes owning a luxury mountain log home affordable for the majority of home buyers.  Now is an opportunity to invest in a discerning lifestyle and own luxury real estate with amenities for the rich and famous at the same time in the North Georgia Blue Ridge Mountains!  Please read more to learn about some of the distinct differences between Fractional Ownership and Timshares. 

What is Fractional Ownership?  It is primarily used to purchase and own a second or vacation home in a resort area for a fraction of the total cost.  Fractional Ownership of real estate is the fastest growing segment in resort estates today.  The purchaser will have ownership in a high-end luxury home conveyed by deed and can be resold, rented or willed, providing a legacy that can be left for family with all the amenities one can imagine,   Fractional Ownership is opening doors to many who want to own a share in private aviation for business and leisure, yachts, and multi-million dollar luxury homes in resort areas all over the world. 

Source:  CNNMoney.com  

"For a rapidly increasing number of Americans, "fractional-ownership" is a perfect trade-off.
Owners get a beautiful, high-quality house, in a fantastic location, with great services and amenities and a carefree vacation lifestyle for 10 percent or 15 percent of what they would have to pay to buy the house on their own. The costs of buying and running these often expensive properties is shared by a number of people and the homes, instead of sitting idle most of the time, are nearly always being used.

Fractionals, often called residence clubs, form one of the fastest-growing segments of the vacation-home market..."

 

Source:  Fractional Ownership, An Idea Whose Time Has Come

"Even as America struggles to cope with one of the deepest recessions in half a century, fractional ownership continues to hold its own, leading long-term analysts to conclude the various shared-ownership programs are filling a growing need for new travel options.

While the observation refers to the dramatic increase in shared ownership of jet aircraft for business travel, the sentiment also applies to another growing area of shared ownership, Fractional Ownership of Real Estate.

Fractional Ownership of a vacation home or condominium, while sometimes being referred to as "vacation ownership", is confused with another shared ownership plan called "timeshare". This is a mistake. While the various Fractional Ownership plans may share some characteristics with its cousin, timeshare, the differences are significant enough to consider Fractional Ownership in a category of its own.

Fractional Ownership is really quite different. Timeshare is a vacation product for the broadest segment of the population, and as such is a wonderful concept that gives millions of families the opportunity to vacation a week or two in locations and accommodations that may have been beyond possibility without that form of shared ownership. Fractional Ownership is a different product. Ownership of more than a couple or a few weeks, in its various configurations and usage patterns, is regarded as Fractional Ownership. That may be anything from a one twelfth ownership (4 weeks of usage) to a one quarter ownership (13 weeks of usage). 2002 figures provided by Ragatz Associates shows that 76% of fractional owners have five weeks of usage or more, with 43% having thirteen weeks of Quarter Ownership. 

Fractional Ownership....more than a vacation...much more!

 
It is the length of time available to the owner that is significant. Fractional Ownership is more than a vacation...much more!" ...

Introducing Nature's Estates
Luxury Resort Community - Enjoy the lifestyle of the rich and famous in the North Georgia Blue Ridge Mountains

Nature's Estates is a 250 acre planned resort community in Paris Mountain located in the foothills of the Blue Ridge Mountains in North Georgia's Fannin County located approximately 1 1/2 hours from Atlanta.  This resort community will consist of 84 ultra luxurious rustic elegant log homes on 1.5 to 4 acre tracts ranging in price from $800,000 to $1,300,000.  But a purchaser can own a high end luxury home for 1/12th the cost, deeded with a minimum of 4 weeks of guaranteed usage (one week per season).  Plus, the purchaser will have unlimited usage for last minute stays throughout the year.  If the home the purchaser owns is not vacant during a time other than the guaranteed time, the purchaser may use another home that is available in the resort and pay only a small cleaning fee.


These distinguished homes, grand clubhouse, equestrian center and more are currently under development with the highest standards of quality craftsmanship and style.   Barna Homes of Georgia and J. W. Stevens Development and Contracting are working in tandem to combine their many years of experience and knowledge to develop this warm and inviting rustic resort community combined with pure elegance and style.  The stunning gated entrance to Nature's Estate is finished and underground utilities and paved roads are currently underway as is The Grande Clubhouse which has been redesigned and will boast an inviting and impressive entrance, open 24 hours - 7 days a week. The Equestrian Center is dried in and the first rustic log lodge style home with a "touch of class" is soon to break ground.

The Grande Clubhouse
14,000 square feet
Restaurant and bar
Homeowners private lounge
Spa and Jacuzzi
State of the Art exercise facility
Indoor heated pool
Theatre
Billiards room
Meeting and banquet space for weddings, etc.
Massive stone fireplace
Tennis, basketball, racquetball, putting green

The Equestrian Center
27 Acres dedicated to horseback riding
Gypsy Vanner horses  
10,000 square feet with 15 stalls
Riding equipment
Homeowner may bring own horse

Luxury Mountain Log Homes
84 homes ranging from 2000 square feet to 4000 square feet on 1.5 to 4 acres
Elegant Rustic Log (appeal to men and women)
2 identical master suites with fireplace
3 to 5 bedrooms
Completely turnkey; professionally decorated
Home theatres
Game room/Billiard room
Panoramic views
Huge great room with stone fireplace which spans an entire wall
Outdoor Jacuzzi
Covered porches and decks
Epicurean kitchen
Garage parking
Elevator (offered in larger homes)
Sunroom
Multiple outdoor living spaces
All handicap accessible
Security

Guest Services
Concierge services
Daily maid services (if desired)
Personalized linens, dry cleaned and stored when homeowner is away
Pre-arrival stocking pantry service
Limousine
Transportation to and from airport
Car rentals
On site security and maintenance
Professional horseback riding lessons
Event and recreational planner
Spa services offered 24 hours in privacy of your own home
Reserve multiple homes for large family gatherings
Rental programs available for business clients
Weddings
Exchange your home (worldwide destinations in the Preferred Residence Luxury Fractional Exchange Program)  

Team of Experts
Architects
Engineers
Real Estate Brokers
Property Managers
Lenders
Construction crews
Real Estate Attorney
Sales and Marketing Associates
Ragatz & Associates    
Barna Log Homes of Georgia   
J. W. Stevens Development and Contracting
Guest Services, Inc.   

If you are interested in finding out more about this new luxury resort community with all it has to offer plus fractional ownership, please contact me via email to donna@ellijay.com or call me directly at 706-633-0644.  You may also visit my website:  http://www.move2northgeorgia.net/ and complete the contact form on my home page and notify me of your interest.  I will personally respond to your requests within 24 hours or less. 

Please check back often for ongoing updates, pictures and pertinent information as I will continue to post future articles about this exciting buying concept and luxury resort community.

Agents:  I am never too busy for your referrals.  Purchasers who come early will get first choice of everything and I strongly advise that anyone with interest to get their name on the list sooner rather than later.  I will pay a generous referral fee to be announced in a later post. 

Inquiries and non offensive comments are always welcomed.  Thank you.

 

Comments (17)

Dwight ................
Home Finder Realty - Jacksonville, FL
Wow, that is a very nice project. Can you give me more information?Are you going to be giving preview tours? If so when? I would like to get a chance to preview sometime. How far from Atlanta is the project? Are you offering any referral fee for an agent to send you potential clients?
Oct 27, 2007 08:15 AM
Bob & Carolin Benjamin
Benjamin Realty LLC - Gold Canyon, AZ
East Phoenix Arizona Homes
Sounds lovely. May you find many more buyers.
Oct 27, 2007 08:23 AM
Keith Perry
Coldwell Banker - Hiram, GA
REALTOR - West Metro Atlanta
I just might have a couple of referrals for you Donna. :)  Looks great!!
Oct 27, 2007 10:56 AM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher
Donna, This place is absolutely lovely with so many amenities!  I love the new concept of fractional ownership as well!  I bet these will sell before they are built!
Oct 27, 2007 01:49 PM
Donna Yates
BHGRE - Metro Brokers - Blue Ridge, GA
Blue Ridge Mountains

Dwight:  I have you on my list to send you more specific information and I will be writing ongoing blogs, hopefully, weekly as this project progresses.  I am already getting quite a bit of interest.  We have an exclusive service who will handle the previews and I can put you on the list for that and they will contact you.  This resort is approximately 1 1/2 hours from Atlanta (maybe less).  I will be offering a referral fee for sure to any agent who wants to send  potential clients my way.  I'm thinking it will be 30% but I don't have the final commission information as yet.  I feel sure it will not be any less than that.  What do you think?  Do you think that is fair?  I greatly appreciate your interest.

Bob & Carolin:  Thank you for your comment.  Please let me know if you have anyone who might be interested so that I can get their name on the list.  Those who buy now will get their pick of everything.  I will be paying a referral fee as I mentioned to Dwight above.

Keith & Robin: I will greatly appreciate the referrals and the sooner people get on the list the more advantageous it will be for them.  "The early bird gets the worm" as they say.  I am happy to pay a referral fee as I mentioned to Dwight above.  I just don't know exactly what it will be but I'm almost certain it will not be less than 30%.  Thank you for your interest and I'm never, ever to busy for your referrals! :-)

Carole:  Talk about good Feng Shui -  this resort is going to be fabulous!  The latest studies show that baby boomers want the best of the best in their retirement years without all the work and maintenance and fractional ownership is allowing them to afford several retreats in various resort areas and also get the royal treatment too.  I think baby boomers have a lot to look forward too and it's for sure that they are re-defining retirement.  It's all about lifestyle and why shouldn't we be able to enjoy all that the rich and famous have enjoyed for so long.

Thank you all!

Oct 27, 2007 02:18 PM
Jeff Payne
The Payne Group at Keller Williams Success Realty - Panama City, FL
Panama City Real Estate

We are seeing some fractional projects in Panama City.  This concept could be the way of the future for us to sell high end properties.

www.panamacityhomesource.com

Oct 28, 2007 12:22 PM
Yolanda Hoversten
Self Employed - O'Fallon, IL
Referrals for O’Fallon, IL & the Metro East
Hi, Donna!  Forgive my ignorance, how different is this concept from time shares?  It looks like a gorgeous place--I hope you get a lot of referrals and buyers! 
Oct 28, 2007 06:14 PM
Donna Yates
BHGRE - Metro Brokers - Blue Ridge, GA
Blue Ridge Mountains

Jeff:  Thank you for your comment.  When I was in Destin recently, I read a lot of material about fractional ownership with many of the high end resort areas in Florida.  All the experts seem to think baby boomers are going to prefer this method of owning real estate. 

Yolanda:  You asked a great question! Which prompted me to update my post with a link that goes into detail about the differences.  Thank you for asking because this is an important point that buyers need to understand.

http://www.escapehomes.com/articles/Fractional_Ownership_An_Idea_Whose_Time_Has_Come.htm

There's a lot of reading in the above link, but you don't have to read it all to get the main jist. 

Even in my post, the main jist is "Luxury, High-End Resorts with amenities for the rich and famous".  See the services part of my post.  Plenty of info on google about the differences also, but the article referenced above is a good start.  Also, click on Ragatz and Associates in my post to get more information about fractional ownership in real estate and the distinct differences compared to timeshares. 

Oct 29, 2007 12:40 AM
Yolanda Hoversten
Self Employed - O'Fallon, IL
Referrals for O’Fallon, IL & the Metro East
Thanks, Donna!  I will read up on it and thanks for the link.  My best to you!
Oct 29, 2007 04:01 AM
Eric Kodner
Wayzata Lakes Realty: Eric Kodner Sells Twin Cities Homes - Minnetonka, MN
Wayzata Lakes Realty: Twin Cities, Madeline Island
Donna, when you consider how long out of each year many second homes are vacant, it makes sense to make the shift to fractional ownership.
Oct 29, 2007 04:08 AM
Donna Yates
BHGRE - Metro Brokers - Blue Ridge, GA
Blue Ridge Mountains
Eric:  I think this is exactly why we will see a lot more of fractional ownership plus people who own a share in the real estate can come and simply enjoy and be pampered instead of spending a large amount of their time maintaining the home.  And they can call ahead and have everything they need waiting on them when they arrive.  It's a slice of the good life!
Oct 29, 2007 09:54 AM
Jeff Payne
The Payne Group at Keller Williams Success Realty - Panama City, FL
Panama City Real Estate
Donna!!!! You went to Destin and did not come over to PC to see us.  Next time, come over and visit.
Oct 29, 2007 02:47 PM
Donna Yates
BHGRE - Metro Brokers - Blue Ridge, GA
Blue Ridge Mountains

Jeff:  I was in Destin around the middle of September so didn't know you then but I'll be sure to visit PC next time.  I still haven't made it to Copperhead Lodge but soon, very soon.

Oct 30, 2007 05:49 AM
Tom Plant
WINEormous.com - Murrieta, CA
Donna - Thanks for the information on something I wasn't aware of. Great post.
Oct 30, 2007 10:22 AM
Donna Yates
BHGRE - Metro Brokers - Blue Ridge, GA
Blue Ridge Mountains
Tom:  Thank you for your comment.
Oct 30, 2007 10:57 AM
Robert Monk
100% Realty, Inc. - Santa Rosa Beach, FL
Florida Real Estate
Great pics and another interesting post, Donna.  Here in Destin, there is a huge construction company named Yates.  Is that your other job?  Next time you're in Destin, give us a call.  We'll show you the changes since the last time you were here.  Once again, great post!
Nov 01, 2007 04:56 AM
Donna Yates
BHGRE - Metro Brokers - Blue Ridge, GA
Blue Ridge Mountains
Robert:  I might need to make it my other job so I can spend more time in Destin!  Be careful what you ask for, I might just show up on your doorstep someday. LOL
Nov 01, 2007 03:18 PM