Fractional Ownership News
Work starts on fractional ski properties in Idaho
Developer Schweitzer Mountain has begun construction on four luxury residences at Trappers Creek, the ski-in/ski-out neighborhood located above the Schweitzer Village in North Idaho. Three of the properties will be the first to be sold on a fractional basis in the area.
The design of the units has been described as "rustic contemporary" or "modern mountain", with a balance of wood and stone, large balconies to enjoy the summer, and orientations that will maximize views of Lake Pend Oreille. The full ownership home will be approximately 3,400 square feet, while the three fractional ownership units will each have three bedrooms and a footprint of around 2,400 square feet.
Buyers will be offered 1/8 shares in the units, and will benefit from as yet unspecified club amenities. Michael Burns, an experienced fractional ownership consultant has been working with Schweitzer's ownership to develop the concept.
Schweitzer aims to begin sales around Christmas 2009, with the first unit fast-tracked and ready for occupancy as soon as February 15, 2010. The other units would then be completed near the end of the upcoming ski season and ready to close by late Spring 2010.
www.SandpointResortRealty.com
20/08/09
