Category: fractional ownership

The Creekside Club, a fractional private residence club, is coming soon to beautiful Deep Creek Lake in Garret County, MD. This very popular four-season vacation area has been a destination for a generation of families from the Washington D.C. area, Northern Virginia and Pittsburgh looking for a retreat away from the hustle and bustle of city living.

Offering a smarter way to own a vacation home at Deep Creek Lake with fractional ownership, The Creekside Club is scheduled to open Spring 2012 but is taking reservations now for ownership. Only 36 ownerships will be available at The Creekside Club. Since 1986, the residence club ownership model has proven to be a smarter way to own a luxury vacation home without all the traditional hassles associated with second home ownership. Private residence clubs can be found in other luxury vacation destinations such as the Rocky Mountains, the Blue Ridge Mountains of Western North Carolina and some tropical paradises as well.
The Creekside Club’s ownership model truly fits this new real estate market – by being the “smarter way to own” a lakefront vacation home. A luxuriously furnished four-bedroom villa, complete with private dock, starts at only $139,000 for a one-eighth deeded share, and allows you to use your lakefront home as much as you want based on availability. And if that is not enough, it comes with a brand new 24’ top-of-the line Bennington boat to cruise and play on the crystal clear waters of Deep Creek Lake, right outside your back door.
Fractional real estates expansion into Deep Creek Lake, MD, is being driven by a growing consumer awareness and interest in this unique and efficient second home ownership model. Owning fractional real estate allows you to purchase your vacation home, use it as much as you want (probably more than you’ll have time to). It also allows owners to keep more cash in their pocket, since buyers only pay a fraction of the acquisition price, and owners share all upkeep costs on a million dollar home on the lake.

“This real estate product has been very successful in places like Aspen, Vail and Lake Tahoe we are very excited to now have it at Deep Creek Lake” says Debra Savage, the Club’s Sales Director. Our Owners will enjoy all the luxury, none of the hassles of owning a home away from home, and all at a fraction of the price”

Residence Club Partners of Asheville, NC, the management company at Creekside feels this model will change the future of second home ownership forever. “In addition to a growing trend in buying a residence club home vs. whole ownership, the residence club owner services we offer at our clubs include a full-time concierge, housekeeping and very unique custom experience packages, things you don’t get with the typical real estate purchase” says Mandy Allfrey of Residence Club Partners.

Vacation and second home buyers interested in learning more about The Creekside Club on Deep Creek Lake, can visit www.creeksideclub.com. Mention that you heard it from Jay Ferguson, buyer agent with Railey Realty.

About Residence Club Partners

Residence Club Partners and DCP International are the leaders in private residence club design, management, sales and marketing in the U.S. and internationally. They are also the fastest growing residence club design, sales and marketing company in the United States, as awarded by BestResidenceClubs.com, a division of Luxury Living Magazine.

More here.

Buying or selling real estate in Garrett County or Deep Creek Lake, Maryland? Call Jay Ferguson of Railey Realty for all of your real estate needs! I take great pride in referrals, and I assure you, I will take great care of your friends, family & colleagues!