AR 6 Week Fraction Mixed Use in 2 or 3 bedroom Villas A8 | SparkOffer

AR 6 Week Fraction Mixed Use in 2 or 3 bedroom Villas A8

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Terms

Offer Terms
Accepting offers between
5PM, Jan 26, 2023 - 9PM, Jan 27, 2023
Accepted Financing Options
Cash
Conventional
FHA
VA
Alternative
Accepted contingencies
Inspection contingency
Appraisal contingency
Mortgage contingency
Closing Terms
Deed transferexclamation
Buyer’s agent commissionexclamation
Min. Earnest money depositexclamation
Additional terms
  • This Offer Platform is NOT an auction.  Seller is not obligated to accept the final price; Seller has a right to accept, reject or counter-offer the highest bids. 
  • The high bid is subject to the Seller's confirmation, & Hotel Esperanza has a right of first refusal. ** 
  • Once confirmed and accepted by Seller, the Purchase Contract will be issued for signature. 
  • The Purchase Contract will require: 

    • Seller All cash purchase
    • 20% initial deposit plus $2,650usd escrow fee and pre-closing costs
    • $20,000 USD additional deposit to select weeks for new season.
    • Close date approximately May 2023
    • Homeowners Dues split 50/50 respectively between Seller and Purchaser

    Important!  There is a 2-minute overtime clock. The clock will reset to 2 minutes anytime a bid is placed with less than 2 minutes in the Event. This is so someone is not prevented from bidding due to time running out. And please check out the auto-bid feature, which allows you to set your top price.

    Ending times may be subject to change


    **Note: Hotel has a Right of First Refusal Before a Subsequent Transfer.

    Purchaser acknowledges that the owner of the hotel within the Condominium (the “Hotel Owner”) holds a right of first refusal set forth in the Project Documents. Before Seller may sell, transfer, assign or hypothecate the  Property to a third party (each, hereinafter referred to as a "Subsequent Transfer"), Seller shall offer the Property to the Hotel Owner on the  same terms and conditions, as is offered by or to the third party in the contemplated Subsequent Transfer

Neither Auberge Resorts LLC nor any of its affiliates or related persons (the “Auberge Group”) is related to, affiliated or associated with, or a partner in the business of, any of the developers of the residential projects described in this email or any of its affiliates or related persons, and no representation, warranty or guarantee is made or implied by the Auberge Group in respect of any statement or information made or contained in this page relating to such residential projects.  Neither the Auberge Group nor any of its directors, officers, employees or agents has or will have any responsibility or liability arising out of, or related to, the residential projects described in this page, including any liability or responsibility for any statement or information made or contained in this page relating to such residential projects.

Property Information

Description

Auberge Residence (also known as AR fraction) Six Week Fraction (all floating weeks with access to the 2 and 3 Bedroom Villas)

Start price:  $290,000.00 USD

2 & 3 bedroom villas   

Annual dues:  $16,320 USD/year 


Welcome home! This fractional opportunity gives you ample access to the beautifully renovated two and three bedroom villas facing the ocean.
These villas include the following:

  • 2500 sq. ft. of indoor/outdoor living space
  • 2 Principle Bedrooms with King Beds; third bedroom has either two Full beds or one King bed
  • Large Indoor/Outdoor Living Space with disappearing glass sliding doors, ground floor units have plunge pools
  • Full Kitchen and Dining Room
  • High Definition Smart TV’s
  • Butler
  • Zoned Air Conditioning
  • Owner Storage & Safe
  • Washer & Dryer
  • Short-Notice Access (60 days or less in advance)
  • Owner's rate for breakfast and other discounts around the property
  • Access to amenities such as spa and fitness classes, tennis, pickleball, lawn games
  • Timbers Reciprocity Program for one time transfer fee of $3,500USD

This fractional opportunity includes 6 Weeks which will be assigned in the spring, two at a time in a snake draft format; whereby the first two weeks are assigned going down the list of owners then the second week is picked in reverse up the list of owners, and then the finals week from top to bottom.
This seller is located in position A this year and is in 7th position to pick their first week. See attached rotation explanation document in document section.

The Seller has three (3) choice Timbers Reciprocity Program credits to be included in the transfer of this fraction.
Choice Credit expires October 2, 2023
Choice Credit expires July 4, 2024
Choice Credit expires July 4, 2024


Closing date projected for May 2023. Since closing date falls around the time period of the Selection for the new weeks, Purchaser will be able to participate in the Selection period with an additional deposit of $20,000 USD.  These funds will be applied towards final closing costs. The 2023 HOA dues will be prorated 50/50 between Purchaser and Seller. 

For more information regarding this event and the fractional description please check additional documents or reach out to your agent :

Sheila Vaananen   619.244.2171 US mobile

sheila@esperanzarealestate.com


Bethany Barba   +52.624.128-1319 MX mobile

bethany@esperanzarealestate.com

Contact details

Listing agent
Esperanza Real Estate
+5 (262) 414-58080
info@esperanzarealestate.com