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Searching for Individual Homes and Condos? By sharing the costs of upkeep, fractional ownership makes long-term ownership a much more realistic possibility. Your fixed time is two consecutive weeks in Early July each year (weeks 27 & 28) plus one float week (in January,February or Thanksgiving week). 1/6th deeded fractional interest. Fractional ownership is usually four weeks or longer, and in some cases can be up to three months. This deeded, one-twelfth fractional ownership interest gives you 21 deeded days a year plus access to additional days on a per diem basis. This money will be essential for dealing with unplanned maintenance issues that may arise and will also give you a fund for updating the property over time. TRV58951---. After 12 months, keep owning your home or walk away. Unlike Timeshare ownership, Fractional Ownership is Fee Simple, Deeded Ownership that allows for flexible, unlimited use, subject only to reservation procedures. Your fixed time is two consecutive weeks in mid February each year (weeks 6 & 7) plus one float week (in late August through early October). The 3D tour is an actual video of this units views, as it was taken from 3102's lanai. Because buyers are turned off by a lack of presentation when it comes to real estate. Some of the more common fractional sizes for purchase are 1/8 to 1/24 of the resort residence. Keep this in mind before considering an investment. This gorgeous quality built 4 bdrm. The terms of the fractional ownership agreement are vital. The 3D tour shows the actual views from this residence. Just what portion of the yacht you own can vary, in some case from a mere 10-percent to over 50-percent. Save Search Show Map Active 3-D Tour Residences on Kapalua Bay 1 Bay Dr 4504, Kapalua $179,000 - 2 Beds, 2.50 Baths, 1,776 Sf MLS # 397639 Fee Simple Keller Williams Realty Maui-L Pending 3-D Tour Residences on Kapalua Bay 1 Bay Dr 3705, Kapalua The Montage is located in the heart of Kapalua which is in close proximity to several other white sand beaches, two fantastic golf courses, the Kapalua tennis club, and a number of great restaurants. This luxury residence at Montage Kapalua Bay offers breathtaking views of Lanai, Kalohi channel plus sunsets daily. The home must be in a perfect location. The resort developer sells fractional shares in the resort. Lanai: 352 474 sq. Our goal is to give you the most comprehensive list of properties available. Montage is Hawaii's 4th and newest Forbes 5 Star Property!!! Whether you join us for a visit or a lifetime, you'll never aloha the same. Scroll to the bottom to see our Featured Properties. More Articles from Hawaii Life Hawaii Luxury Maui New Hoolei Luxury Vacation Rental Villa Offering in Wailea Maui Unlike Kauai timeshares, each residential interest in the Residence Club represents an undivided deeded real estate purchase. If youve ever considered a timeshare, there are some benefits which make it particularly attractive. Every Maliula oceanfront residence features no fewer than three private lanais with views of the ocean and golf course.