Square footage: 1630
Year Built: 1980 Remarks: Vacation in a million dollar plus oceanfront townhome on a beautiful stretch of beach for a quarter of the cost! This is a great deal on a high end oceanfront partnership interest: 25 percent or 12 weeks per year. A true second home, this partnership does not allow rentals although friends and family may use your weeks. Beach club villas are low density for being oceanfront (phase ii consists of 36 units on approximately 3.6 lushly landscaped oceanfront acres, according to old records and subject to change as the shoreline changes. ) walk out your back door to the ocean or the oceanfront pool. This feels like a beach house, not a condo, but exterior maintenance is provided. The townhome is lovely with newer tile floors and berber carpet, plus tasteful furnishings which are periodically updated (dining room table and chairs are scheduled to be replaced soon, sofa will get new slipcover or will be replaced soon, locking cabinets in garage are new, bathrooms were renovated last year, etc. ) the regime just painted the exteriors and screens in the porches are currently being replaced. The anti skid mats on the front steps are scheduled for replacement soon. Since this is the sale of a partnership interest and the partnership does not allow the property to be mortgaged (since other partners would be liable), cash is required to close. An equity line or second mortgage on a primary residence would be a good way to finance this transaction. Total monthly charges are $800 per partner which pays: beach club villa regime fees, wild dunes community association annual fees, property taxes, insurance, utilities, maid service, etc. unlike time shares, partnership interests are great investments. This partnership has a history of excellent appreciation. Partners voted a couple of years ago for the calendar to be a "two weeks on, six weeks off" rotation with two extra weeks for the managing partner and two weeks for maintenance in the winter. Weeks run from friday to friday, so you can enjoy weekends if you can't stay the whole week. The 2008 weeks assigned to this share were, are 1/11 25 (martin luther king holiday), 3/7 21 (International antiques show, spring tour of homes and gardens, palm sunday, st. Patrick's day and spring break for many), may 9 23 (mother's day and charleston maritime festival), july 4 18 (4th of july), 8/29 9/12 (labor day and grandparents day), and 11/7 21 (veteran's day) weeks roll forward each year so holiday weeks vary from year to year. Some partners trade weeks. Some years you will enjoy president's day, easter, memorial day, father's day, thanksgiving, christmas or new years, plus the internationally acclaimed spoleto festival, bridge run, and many more local festivals and events. Club memberships are optional and, or sport cards are available. Listing agent can provide more info on access to wild dunes amenities.
