Mammoth luxury homes in Mammoth Lakes, California has a new addition called Tallus Private Residence Club. Mammoth fractional ownership is sure to have Tallus topping the list of luxury fractional real estate. Owning fractional property is the wave of the future in vacation home ownership. Tallus offers an exclusive property with gated access and each home faces the Sierra Star Golf Course, one of California's Top Golf Courses and a beautiful mountain golf course. These golf course homes are of the highest quality construction with unique design elements.

As you may or may not know, all of the Tallus Private Residence Club homes sit on the 10th Fairway of the Sierra Star Golf Course with beautiful west facing views and exposure towards Lincoln Mountain.  These homes are made of the finest quality materials and workmanship of any other development in Mammoth.  The designer, Eric Fishburn, is world renowned for his work and attention to detail of the utmost quality.  Many of the materials were hand picked such as the hydronically heated flagstone quartz flooring, hand chiseled Jerusalem limestone, African mahogany wood, Venetian plaster walls throughout, stainless gourmet kitchen and fully furnished with high end furnishings and details.  There are four homes completed in the first phase (total planned is 9 in phase one and 10 in phase 2).
This is impressive, but what really sets Tallus apart from owning a single family home somewhere else in Mammoth is:
Mammoth Luxury Rentals: Tallus homes may be legally rented nightly, in some cases earning upwards of $2500 per night.

On site 'Inn Keepers' to take care of concierge services, home maintenance, cleaning, storage, transportation, utilities
Tallus owners are eligible to use the services of The Registry Collection to exchange time at your Tallus home with an equally luxurious home in other locations worldwide

The three floor plans offered are approximately 5000 sqft (4 or 5 bedroom) each.  One floor plan even features an elevator.

If this sounds like something that still interests you, the developer is offering some fantastic incentives on pricing and home owner fees for a limited time.  And if price is a concern, we assure you that there are three ownership options available and one is sure to fit your price range.

We also can recommend financing representative who have pre-approved the Tallus project for lending. Individual requirements also apply. For more information please visit our website at www.tallus.net.

Do you like the idea of owning a luxury vacation home in your favorite location, but don’t want the burden and cost of repairs and upkeep? Do you love the services of a luxury hotel but dislike living out of your suitcase? You’re not alone.  A new breed of vacation home ownership, called “fractional ownership,” is becoming increasingly popular with busy professionals looking to maximize their family vacation time.

Fractional resorts are real estate developments in prime resort locations on the golf course, ski slope or ocean.  They provide the amenities of a luxury home, such as granite kitchen countertops, whirlpool baths and roomy closest – comined with the benefits of a first-class hotel, such as concierge, housekeeping and grocery shopping services.  Depending upon the design of the property, residences bay be hotel suites, cabins, thown houses or detached homes.
Owners purchase a deeded share in a residence (usually 1/4th  to 1/13th ) that gives them a certain number of weeks per year at the property and use of all amenities.  By only paying for the time you use, fractional ownership can be a much more cost-effective way to stay in desirable locations such as Vail, Colorado, or Pinehurst, N.C.  Prices range widely from $40,000 to more than $1 million, depending on the location, number of weeks, number of bedrooms and level of luxury.
 
FRACTIONAL BUT NOT TIMESHARE
Luxury fractionals differ greatly from the old-style timeshares.  The primary differences are that fractionals offer:
Deeded property, with the same rights as any other real estate purchase
Greater chance of property appreciation
A longer amount of time on the property (from 4-13 weeks per year)
A luxury level of furnishings, services and amenities
Of course, all of the above perks add up to another major difference: Price.  The cost of fractional property is quite a bit higher than that of a typical timeshare, though still much less expensive than whole ownership of a luxury home in the same location.
 
EXCHANGE WEEKS & TRAVEL THE WORLD
Trading weeks is a great concept from the timeshare days that hasn’t been abandoned but instead greatly improved upon.  With four or more weeks to enjoy, owners can choose to spend part of their time at a different property in another part of the country – or world.
Most fractional properties participate in an exchange program that gives owners the ability to reserve time with other properties that have a similar level of luxury and service.  Don’t feel like visiting your Caribbean property in the summer?  Trade it for a week in the green mountains of Vermont instead.  Always wanted to see Italy?  Reserve two weeks in a Tuscan villa.
Though getting the location you want isn’t always easy (planning ahead is essential), this flexibility is one of the most exciting aspects of fractional ownership.
 
NO MORE LIVING OUT OF A SUITCASE
In the past those who chose to vacation at resorts – because of the services and activities they provided to their family – sacrificed some comfort in a relatively cramped hotel room.
A great feature of most fractional properties is the spaciousness of the residences.  With fully-equipped kitchens, large closets and lockers for year-round storage of sports equipment, you truly have all the comforts of home.
Most residences have 2-4 bedrooms and an equal number of baths, so there is plenty of room for family, friends or clients.  Many owners purchase more than one fraction to gain even more space and privacy – and time.
Not all fractional properties offer the extensive amount of on-site activities that a 5-star resort can, though this is changing.  A new category of fractional property, called “Private Residence Clubs,” offer an enhanced level of amenities, such as a members-only golf club or spa, and 24-hour concierge services.
 
SERVICE SETS FRACTIONALS APART
Personal service is an area where fractional properties clearly outshine traditional second-home ownership.  When it comes right down to it, for most people today time is their most valuable commodity.  Who wants to waste it cleaning, unpacking, grocery shopping and mowing the lawn?
There are a couple of drawbacks to not owning the whole home, of course.  If you have a passion for interior decorating or enjoy taking unplanned, last-minute vacations, you may be unhappy with the limits of fractional ownership.  However, fractional properties are one of the fastest-growing segments of the real estate industry, so there are clearly many who find the benefits far outweigh the drawbacks.
As one owner put it, “My vacation starts the moment I arrive.  We head straight to the restaurant for a bite to eat.  When we get back to our residence, our refrigerator is fully stocked, our clothes are unpacked and our ski equipment has been pulled out of storage.  There’s nothing left to do but have fun.
 
Luxury Fractional Guide Copyright 2005 (8/14/2005)

Not a Timeshare

Many initially confuse fractional ownership with timeshare but they are entirely different in terms of ownership, usage and amenities. A traditional timeshare is for one particular week of the yea,r is a standard condominum with standard furnishings and accommodations. With fractional ownership, you own a deeded interest that can be resold in the same method as any other piece of real estate. The amount of time is guaranteed but you can plan it for different times each year. Then fractional ownership also offers a unique feature that timeshare does not...SPACE AVAILABLE USAGE. This means that when a property is vacant, any owner can request additional usage in one week increments at anytime (space available) for no other fees besides the standard cleaning fee per stay. These majority of these properties are very high end including design, quality of construction, furnishings, amenities and services that make you feel like you own a multimillion dollar property for just a fraction of what it would cost and none of the hassles.

For more information about Tallus, please visit us at www.tallus.net.