Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How many townhomes will be sold in fractional ownership at Surfside?

April 26, 2017fractional ownership sold Surfside townhomes

0

Posted

How many townhomes will be sold in fractional ownership at Surfside?

1 Answer

0

Posted

While we are planning on 26 townhomes in total at Surfside, units 1-4 and 9-11 need not be built. That means, there are 76 quarter-share fractional ownership interests available for purchase at this time. However, the developers reserve the right to add 23 additional fractional ownership interests available for future purchase. This would make a maximum of 99 shares. Development at Surfside is planned in three phases. Phase one consists of nine townhomes with up to 36 quarter-share interests. The construction of the guest services building and the utility building also will be completed in phase one. Phase two includes an additional seven to nine townhomes, as well as the recreation building which includes the indoor pool, spa, and sauna. The third phase, if constructed, will consist of up to eight additional townhomes, making a total of 26 townhomes.