Why a Private Residence Club?
Membership in a Private Residence Club like The Charleston Club affords a Member
balance between their investment and their actual usage while removing the time
robbing tasks associated with traditional ownership of real estate. While Members
have as much occupancy as the typical absentee owner they do so while enjoying a
level of proactive concierge service usually reserved for only the most acclaimed
properties. Coupled with this lifestyle is access to over 150 other Private Residence
Clubs around the world, giving a member many experiences through the acquisition of
merely one real estate product. It is easy to see why this is the fastest growing segment
of the resort real estate market.
(Click icon to view a comparison of whole ownership,
Destination Clubs and Private Residence Clubs.)
Presently a Founding Membership is offered at $125,000 and total annual dues and
taxes are $5,962. Benefits of Founding Membership afford a full year of complimentary
dues and taxes as well as much more.
Purchase Price: $1,000,000 $125,000 Furniture and accessories: $50,000 Included Total: $1,050,000 $125,000 Initial Investment: $250,000 $25,000 Monthly Loan Payment*: $5,056 $650 Monthly Cost: Utilities $600 Included Annual Cost : Reserves / Depreciation: $5,000** Included Taxes: $6,500 $762 Insurance: $2,000 Included Membership Dues : N/A $5,200 Totals Annually: $74,872 $13,762 *20% down payment on an 80% loan at 6.5% over 30 years.
**Membership in The Charleston Club, Daniel Island provides reserves for the replacement of all furniture, fixtures and equipment.BENEFITS:
- Cost Savings - Can be hundreds of thousands less than a traditional purchase of a comparable second home. Annually a Member's cost is also more in line with their actual usage.
- Maintenance-Free - Your Club Residence, buildings and grounds are professionally maintained and managed at all times without Members needing to worry about a thing.
- Continuity and Storage - Your Club Membership guarantees you the use of a specific type of Club Residence, instead of just a comparable suite as is the case with many non-equity destination clubs. You are assured of staying in the type Residence you reserve. Personal storage of clothing and sporting goods is available at no additional cost and Members may even leave personal items such as family photos for the Concierge Team to place in a Residence prior to arrival.
- Destination Flexibility - Club Members enjoy reciprocal privileges at over 150 Private Residence Clubs throughtout the world through The Registry Collection. Your Deeded Membership Interest in The Charleston Club, Daniel Island will always be there for you, yet it never ties you down.
- Permanent Deeded Ownership - Your Deeded Membership Interest in The Charleston Club, Daniel Island is yours for life, and beyond. You may bequeath it to your heirs, just like other forms of real estate.
- Access to The Charleston Club, Daniel Island Services and Amenities - Dedicated Concierge service will be delivered to you proactively in tandem with your Personal Preference Profile. The Club Concierge can arrange for just about any experience while providing personalized itineraries wrapped around a Member's Personal Preferences. Additionally the Team of Concierge Professionals will be inviting Members to the Club in concert with happenings in and around the area that would prove memorable and authentic. In addition to your on-site concierge staff, you will be provided 24 hour a day, 365 day a year Concierge Service through your affiliation with The Registry Collection, which is like having a personal Social Director on staff specifically for you and your family for travel, event tickets and whatever your mind can imagine. Complimentary daily housekeeping at no additional charge is standard service at The Charleston Club. World-class dining in the many five-star restaurants Charleston has to offer or the concierge can arrange for a chef to prepare meals in the privacy of your Club Residence are but two of the wonderful culinary experiences waiting for you. Access to an exceptional spa and on-site fitness club, strategic alliances with many golf clubs to provide for a myriad of golfing experiences, two unique pool parks, complimentary tennis at The Family Circle Tennis Center, Outfitter services are but some of the opportunities and privileges that make The Charleston Club, Daniel Island Membership unlike any other vacation or second home experience.
