LBI Summer Rentals Why Rent Year After Year When You Can Become An Owner

Dated: 07/20/2019

Views: 1139

 LBI Vibe ™

Long Beach Island: How to go from renter to owner on Long Beach Island?

Located on the North End in Harvey Cedars, this three - bedroom, two bath duplex shares ownership with other members of a homeowner association. There are 10 shares to the home that are owned individually. Usage rotates year to year between 1st floor and 2nd floor.  This is a fractional ownership vacation home on Long Beach Island where a group of 10 owners receive a separate deed to the property through the purchase of a share. Fractional ownership enables buyers to experience a higher quality of vacation experience and frees up discretionary funds for other purposes.

This is great financial alternative to whole ownership of a vacation home.  Oceanfront homes for sale on Long Beach Island are priced in the millions dollars and this share is a fraction of the cost. Fractional owners feel more loyal and connected to their home and are more willing to spend the funds necessary to maintain it.  The monthly association fee covers taxes, maintenance, management, cleaning and insurance.   Wouldn’t it be great to leave the maintenance of your beach home to a professional management company?   Truly turn your key, load your refrigerator and enjoy your stay.  Each year fractional owners enjoy 10 rotating weeks of time on Long Beach Island.

If your real estate goal is to enjoy Long Beach Island on a year- round basis without the work of maintaining a vacation home, this is a great way to do it.  If you have been paying rent for two weeks per year, the monthly costs of owning a share can provide you with 10 weeks of ocean front living for just about the same price point in a rental.   Fractional ownership caters to an affluent, desirable clientele that demands and is willing to pay for the superior vacation experience Long Beach Island has to offer.

Membership sales price $148,500

3 Bedroom 2 Bath Home Share for Sale

17 E76th Street Harvey Cedars, NJ   Share #9

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Judy Seddon

Growing up on Long Beach Island, I was provided with the opportunity to enjoy a life style promoting the vibe of coastal living many find so appealing. It was a special time to be living on this isla....

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