Harborview Place: Nantucket's First Fractional Offering

Harborview Place is located on the historical island of Nantucket.  Nantucket has long been a favorite vacation area for not only Boston area residents, but people from all over the U. S. and the world.  But for many, having a vacation home on Nantucket has been a dream that has been priced out of their range. 

Now... fractional ownership of the choice of 10 homes will be available.  A division of 8 fractions per home is available.  However at Harborview Place you will not just purchase the fractional ownership and then be left to "rough it".  You will be pampered by high end concierge services.  The fractional ownership, and the stylish luxury residence club services, give the combination of a high end hotel, and private residence.

With a fractional ownership, unlike a timeshare, you actually own real estate, that can appreciate, be held, can be sold, or be willed to someone else.

If you are in the market for a special vacation home, check out Harborview Place in Nantucket.  Below is a press release I received on the offering. 

Real Estate Investor Girl is just passing on information for your use, and is not connected with Harborview Place.  And is not guaranteeing any information that is given here.


                                 

HARBORVIEW PLACE OFFERS RARE IN-TOWN WATERFRONT RESIDENCES ON NANTUCKET

Stylish luxury residence club to provide high-end services and eco-friendly design for the best of both worlds


                                                                                                         

NANTUCKET, MASSACHUSETTS – Harborview Place proudly announces the opening of its first two residences, offering a new option for travelers looking to own a share of previously unattainable luxury in highly-desirable Nantucket. With eight more planned waterfront vacation homes, Harborview Place represents a rare combination of serene views and access to the heart of town.

 

Harborview Place offers Nantucket vacationers a unique opportunity to own valuable, waterfront property while being treated like pampered guests.   Harborview owners have a professional staff at their disposal for completely personalized, five-star service, along with a real estate purchase that is free from the usual financial and maintenance burdens of traditional ownership.  Club amenities will include a private owners’ lounge, beach services and activities, access to boats, and airport and ferry transfers, to name a few.

                                                      

Harborview's Equity Residence Club(sm) structure provides fractional ownership within which owners will have a deeded share of their residence with ample and flexible availability.  Some owners may choose to purchase a “bundled fractional” which provides ownership and exclusive use of a home with the ability to sell some or all of the fractions at a future date.  Mitch Willey, founder and CEO, Time and Place Homes and a partner in Harborview Place, explains further, "Anyone who has considered buying a second home on Nantucket can now do so for far less money with the added luxury of personalized concierge service. I can easily envision a group of friends or families purchasing a residence club ownership to vacation together with the comfort of knowing and trusting their real estate partners."

 

Beyond its appealing services and flexible ownership options, Harborview Place represents the best in progressive real estate development. Offering the highly sought-after combination of waterfront property that is just steps to town, the project is contributing to the revitalization of a previously over-looked area with ten unique residences.  Created by one of Nantucket's leading architects, Harborview's sophisticated design includes a variety of green elements such as: formaldehyde-free cabinetry, eco-friendly paint and flooring, extensive use of recycled materials, and energy efficient appliances.  With a nod to the pedigree of the locale, a painstaking effort is underway to retain as much as possible of the historic elements of the project.  Architectural firm workshop/apd designed these chic second homes to blend modern sensibilities with the classic cottage architecture of Nantucket. 

                                      

For more details about Harborview Place's prime location, residence layouts and all-inclusive amenities, please visit harborviewnantucket.com.

 

 Here is a related post, that gives a brief explanation of fractional ownership.  This is written by Kristen of All Property Management, and entitled, Fractional Property Ownership.

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  • 7/16/2008 2:46 PM Daniel Giannini wrote:
    Fractionals are the wave of the future in gaining access to luxury assets. The Fractional Concierge website (http://www.TheFractionalConcierge.com) is the world’s first website that brings together ALL assets sold as fractionals: Real estate, aircraft, sea vessels, automobiles, recreational vehicles, and everything else from handbags and artwork to dogs and organically grown meats. The website gives you detailed information, pricing and photos on hundreds of fractional assets so you can peruse the many different options.

    In addition, the website has a variety of user friendly features: (1) A Daily Blog that keeps pace with the latest breaking news about the Fractional Industry and new fractional products coming to market; (2) 36 classifications of classified ads for individuals looking to sell, trade or rent their fractional assets, professional services for sellers, buyers and developers, and employment opportunities; (3) A “Financial Concierge Service” to assist buyers and developers locate financing; (4) A huge database of educational information including hundreds of articles; (5) And a Broker Participation Program to assist brokers worldwide locate fractionals for their clients.
    Reply to this

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