Capitalizing on growing interest in fractional ownership and private residence clubs, Palms International Real Estate Costa Rica has established the Hammock Club Collection CR, offering luxury resort real estate in Costa Rica to buyers seeking high-end vacation homes in one of the world’s popular destinations. With this approach, affluent travelers and vacation home buyers can now own a one-eighth deeded share of a large Spanish Colonial style home on the golf course in Los Sueños Resort & Marina.
Fractional ownership has been recognized as the fastest growing segment of the second-home market for the past decade, and Palms International Real Estate Costa Rica is leading the way in this financially sound approach in Costa Rica. The concept of fractional ownership was founded on the slopes of the Rocky Mountain ski resorts but is becoming increasingly popular with those seeking luxury vacation homes in tropical destinations. Most owners of vacation real estate only use their properties four to five weeks annually, making fractional ownership a smarter option for vacation home buyers.
The exclusive Los Sueños Resort on Costa Rica’s central coast is one of the Hammock Club’s locations with both homes and luxury condos currently available. A one-eighth deeded share of a $2.5-million home on the golf course is offered for $319,000, while buyers will find a fully furnished $850,000 oceanview condo in Los Sueños for $139,000. Under this private residence club model, a Hammock Collection owner can use a property as often as they wish based only on availability. Also as part of the Hammock Collection, all of these real estate options include the range of personalized services offered by a boutique hotel.
Palms International Real Estate Costa Rica is a company specializing in resort real estate sales and marketing with an emphasis on luxury properties in Costa Rica. This US-based firm has performed work on many luxury resort developments in Central and Latin America, and the Caribbean. Palms International Real Estate currently has offices in Jaco, near Los Sueños Resort on the Pacific Coast of Costa Rica, and a satellite office in Manuel Antonio, CR. Plans are in place for an office in Tamarindo, Guanacaste and Cabo San Lucas, and Puerto Vallarta Mexico in 2014.