The Residence Club on Mission Beach

We had the opportunity to visit The Residence Club on Mission Beach (http://www.residenceclubmissionbeach.com/) today and received a tour of units that were only recently released for sale.

The Club features ten units located directly on Mission Beach. Each unit is being sold in 1/8th shares (6.5 weeks), with prices starting at $279,000.  Located just steps from the sand, The Club offers contemporary beachfront living. As a testament to the quality of the offering — and the incredible location — Sales Advisor Megan McGarty shared with us that they’ve already sold twelve fractional shares in just a few short weeks.

The fractional model is alive and well in the post-recession environment. In fact, we expect fractional to gain market share (vs. traditional whole-ownership resort- and second-home properties) as families make the decision to purchase only the amount of time that they can use (rather than buy 52 weeks of time).

Owners at The Club are eligible for membership with the Elite Alliance, a luxury collection of nine resorts that offer exchange. Owners are also eligible for membership at FractionalExchange.com, allowing them to use their keys at The Club to open doors worldwide.

The Residence Club on Mission Beach is a wonderful and stunning boutique property, located on some very precious real estate: on the beach in San Diego’s Mission Beach. An excellent execution of the fractional model.