Tonopalo fractional residence club (Lake Tahoe) sells out
Tonopalo, an incredible fractional development at Lake Tahoe has sold out of original “developer” units. The 1/7th fractional ownership shares were priced from $350,000 to $850,000. The project first opened in 2003.
The Lake Tahoe area is considered by many to be the birthplace of shared (fractional) ownership. With its natural beauty and proximity to huge population centers (San Francisco and Sacramento), Lake Tahoe is a natural for owning a vacation residence. With a scarcity of land however, prices for quality homes skyrocketed over the years and fractional ownership became popular for families desiring to own at the Lake.
Tonopalo consists of 3 and 4-bedroom homes that are fully furnished and come with large living and dining areas as well as fireplaces, double master bedrooms and gourmet kitchens.
Tonopalo will now be managed by the LaTour Signature Group, a company specializing in the management of luxury properties.
A residence club in North Lake Tahoe named Tonopalo has sold out with 1/7th chapter fractional ownerships bought from $350,000 (£218,695) to $850,000 (£531,117).
Opened in 2003, the resort is managed by ResortCom Elite and is a 19-unit luxury private residence club.
All of the 3 and 4-bedroom homes are fully furnished and come with large living and dining areas as well as fireplaces, double master bedrooms and gourmet kitchens.
Tom LaTour, founder of LaTour Signature Group, said he was not surprised at how quickly Tonopalo sold out as it is a great opportunity for anyone who is looking to own a piece of the playground of the Pacific West.
He added that the resort offers top amenities and services to its owners in the picturesque setting of Lake Tahoe.
ResortCom International was previously known as Resort Communications and has been in business since 1985.
Besides resort management, it also provides rental and travel services.
Residence club Tonopalo has sold out of fractional ownership properties.
Tonopalo
A residence club in North Lake Tahoe named Tonopalo has sold out with 1/7th chapter fractional ownerships bought from $350,000 (£218,695) to $850,000 (£531,117).
Opened in 2003, the resort is managed by ResortCom Elite and is a 19-unit luxury private residence club.
All of the 3 and 4-bedroom homes are fully furnished and come with large living and dining areas as well as fireplaces, double master bedrooms and gourmet kitchens.
Tom LaTour, founder of LaTour Signature Group, said he was not surprised at how quickly Tonopalo sold out as it is a great opportunity for anyone who is looking to own a piece of the playground of the Pacific West.
He added that the resort offers top amenities and services to its owners in the picturesque setting of Lake Tahoe.
ResortCom International was previously known as Resort Communications and has been in business since 1985.
Besides resort management, it also provides rental and travel services.