Imagine owning a beautifully designed second home in a coveted resort community. The minute you arrive, your vacation begins. Your groceries have been purchased and stocked in your kitchen. Your personal belongings have been brought in from storage and your tee times are already set for the next day. There will be no yard work or repairs. And when you leave, someone else will do the cleaning. Sound good?

This is the simplicity of fractional ownership when it comes to vacation homes--you get to focus on your vacation, not the home. Best of all, you only pay for the amount of time you use it. All of the taxes, utilities and other associated costs are shared by your fellow Owners. After all, what's the point of paying for 100 percent of a home you may only use several weeks out of the year?

Not surprisingly, fractional ownership is the fastest growing category of real estate in U.S. According to The New York Times (4/13/07), sales are up more than 30 percent in the past year. Besides simplicity, many Owners are attracted by fractional ownership's other practical benefits:

  • The opportunity to build equity and enjoy price appreciation (unlike timeshare)
  • The ability to sell, rent, gift or pass down their residence to family members (unlike timeshare)
  • Use of expensive amenities like pools and fitness facilities, normally outside the price range of full-time second home buyers

At The Lake House, your 1/4-share ownership interest entitles you to a week of use, every fourth week from June through September--the most popular time to be in Chelan. You may also visit up to nine more weeks throughout the remainder of the year, on a space available basis.

More luxurious than a timeshare, more sensible than a full-time second home, The Lake House is a wonderful alternative for those who want to experience the pleasures of care-free Chelan vacations.