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This development is part of the Rancho Valencia Resort and Spa, which has been named among the top 10 U.S. resorts by "Zagat Survey" and "Tennis Magazine". In addition to its highly respected restaurant, the resort's 65 acres include 43 luxury guest casitas and 18 championship tennis courts.
FREQUENTLY ASKED QUESTIONS
Ever since the Collins family realized their dream for Rancho Valencia in 1989, guests and friends of the resort have always commented that they would love to live there. It was this frequent and passionate statement that led the family to create the Villas at Rancho Valencia and offer an extremely limited opportunity to become an owner there. At long last, you can own at Rancho Valencia.
What is The Villas at Rancho Valencia?
The Villas at Rancho Valencia is a Private Residence Club (Club) consisting of 12 spacious, luxuriously appointed three-bedroom villas plus a private clubhouse, with in-ground jetted spas and outdoor pool, and access to a wealth of Rancho Valencia Resorts amenities and services. The Club is located within the Rancho Valencia Resort in Rancho Santa Fe, California.
IS THE VILLAS AT RANCHO VALENCIA A TYPICAL TIME-SHARE?
The Villas at Rancho Valencia is not a typical timeshare where a specific week in a specific unit is sold. An Owner at The Villas at Rancho Valencia shares use privileges with only seven other Owners and they have the ability to use any of the villas in the Club. Club Owners can use a villa for long weekend visits and multiple week-long visits. They also may make last minute reservations and can also invite friends to use their villa. No other real estate opportunity offers the Rancho Santa Fe location combined with the Rancho Valencia Resort service and amenities.
The boom in the sales of fractional private jets and fractional motor yachts is the result of successful people discovering they can own and enjoy luxury assets without the enormous capital requirements involved in a full Ownership purchase. Ownership in the Villas at Rancho Valencia offers the ability to own and enjoy a luxurious villa, professionally furnished and decorated and managed by the world renowned Rancho Valencia Resort at a fraction of the full Ownership cost.
ARE THERE OTHER RESIDENCE CLUBS AT PRESTIGIOUS RESORT LOCATIONS?
Yes. Residence Clubs are the fastest-growing segment of the luxury vacation home industry. Affluent buyers at premier destinations such as Aspen, Vail, Telluride, mid-town Manhattan, Scottsdale, Cabo San Lucas, St. Barths and Napa Valley have enthusiastically embraced the ownership concept offered by Residence Clubs.
What are the primary advantages of OWNERSHIP AT THE VILLAS AT RANCHO VALENCIA?
Fully Deeded Real Estate
Each Owner receives a fee simple undivided 1/8th deeded interest in a Club villa. Deeded Ownership provides the utmost flexibility and security. There is no better way to provide your family the treasured memories of the Rancho Valencia lifestyle. Ownership in the Club is a real estate asset, with the opportunity to create a family legacy by being able to will it to your children or whomever you choose. An Ownership interest can be mortgaged or resold just like any other luxury vacation home. Each Owner will also receive a CLTA title insurance policy issued by First American Title Company.
Abundant and Flexible Usage
Owners, their immediate family, and designated guests can stay as often as they wish, subject to the Clubs Reservations Policies and Procedures. Owners have the flexibility of reserving Club vacations well in advance or as a last-minute getaway vacation. Each year, Owners may reserve up to 28 days of Planned Vacations along with significant additional Space Available and Short Notice Vacation opportunities, subject to the Clubs Reservations Policies and Procedures. Some Owners will use the Club more than others. Owners can also reserve more than one Club villa at a time. With only eight Owners per villa, the Club provides Owners with abundant and flexible use options.
Value
You cannot purchase a comparable villa in Rancho Santa Fe for under $2,500,000. Club Ownership offers virtually all the benefits of full vacation home Ownership for a fraction of the price and virtually none of the hassles. Each Club villa provides approximately 3,500 square feet of indoor/outdoor living space, including large, private terraces, an outdoor grill, and a plunge pool/jetted spa tub. The three bedrooms, three-and-a-half bathrooms, dining room, business center, and great room are elegantly furnished in the Early California hacienda style that has gained critical acclaim for Rancho Valencia. A full kitchen includes luxury appliances, granite countertops, and Saltillo tile floors.
Will I always stay in the same Club VILLA?
No. To provide more availability and flexibility, Owners have equal access to all Club villas. Villas are similarly furnished and feature spacious floor plans, luxury appointments, and impeccable detailing. Owners may request a specific villa, and this request will be granted when possible, according to the Clubs Reservations Policies and Procedures.
What kinds of guest privileges are included in OWNERSHIP?
Owners may invite guests on an accompanied or unaccompanied basis subject to the Clubs Reservation Policies and Procedures.
Can AN OWNER leave their personal belongings at the Club?
Yes. The Club provides a secure, climate-controlled area on-site for Owners to store their clothing and personal items.
How many OWNERSHIPS will be sold?
The Club documents strictly limit the number of Owner interests to no more than eight per Club villa.
When will construction of the Club commence?
Construction is well underway, with the completion scheduled for the mid-Summer of 2006.
Who manages the day-to-day operations of the Club?
The same people you have come to know and trust at the world-class Rancho Valencia Resort ? RVR Partners.
Who controls the affairs of the club?
The Villas at Rancho Valencia Fractional Owners Association, Inc. (Fractional Association) control the affairs of the club. Each Owner in the Club will be a member of the Fractional Association, and the member-elected Board of Directors of the Fractional Association will control the affairs of the Club, including the establishment of the annual Club operating budget.
What is provided with the Monthly Owner Fees?
The Monthly Ownership Fees cover the typical costs of maintenance, professional management, and operations of all the Club facilities and amenities. These fees provide funds for staff salaries, supplies, interior maintenance, exterior maintenance, landscaping, window washing, trash removal, legal and accounting fees, fuel, utilities, insurance, cable TV, telephone service, internet service, and a substantial reserve fund for necessary replacements of Club furniture and finishes.
Can a corporation partnership or LLC own a ONE-EIGHTH INTEREST?
Yes. A corporation, partnership, or LLC can own an interest in a villa. The legal entity of the interest annually identifies one person to be the Principal Owner with all the rights and privileges of Ownership. The villas at Rancho Valencia is a Private Residence Club consisting of 12 three-bedroom villas plus a private clubhouse, with pool & spas. The Club is located within the Rancho Valencia Resort in Rancho Santa Fe, California. Each Owner receives a fee simple undivided 1/8th deeded interest in a Club villa. Deeded Ownership provides the utmost flexibility and security. There is no better way to provide your family the treasured memories of the Rancho Valencia lifestyle. Ownership in the Club is a real estate asset, with the opportunity to create a family legacy by being able to will it to your children or whomever you choose. An Ownership interest can be mortgaged or resold just like any other luxury vacation home. Each Owner will also receive a CLTA title insurance policy issued by First American Title Company.
Courtesy of The Villas at Rancho Valencia. |
