Fractional ownership is an attractive option to the luxury market with four star resorts throughout the world, including the Ritz Carlton properties and many of the finest resorts offering beach and ski amenities.
For a fraction of the cost you can own a luxury property, and not have the headaches of sole ownership. It is the smart move for everyone seeking a second home. Why pay for more than you use, and for the home to sit empty for 10 months?
Fractional ownership dates back to 1964, when a group of prominent individuals, including General LeMay, Arthur Godfrey and the legendary actor James Stewart joined together to create Executive Jet Aviation. Even though these individuals could afford sole ownership of a jet, they saw both the benefit and common sense approach of fractional ownership of a jet. This company flourished and evolved into Netjets, branching out to reach corporate executives and wealthy individuals. Netjets was purchased by Warren Buffet's Berkshire Hathaway, Inc for $725 million in 1998.
From that first step taken with fractional ownership millions of people today share the same concept. Whether its a Lamborghini, a luxury island condo, or a magnificent mountain retreat
the concept of fractional ownership is seen today as a superb alternative to second home buying. You dont sacrifice luxury, and in most cases you can enjoy a level of luxury that may have seemed too costly.
A popular fractional ownership concept today is the luxury home. The Ridges at Tellico Lake, a gated community located in the Smoky Mountains of Eastern Tennessee is offering two new gorgeous mountain homes as fractional ownership. Up to 4,000 square feet of absolute luxury with spectacular mountain vistas, these homes offer the opportunity to purchase at just a fraction of the cost, starting at just $199,000.
For more information about fractional living and these homes visit www.theridgesattellicolake.com or call 1-877-Tenn-A-See (836-6273).
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