Rancho Valencia Resort San Diego: understanding fractional ownership properties
By Kelly Pottorff and Tammy Tidmore
The Rancho Valencia Resort San Diego is currently undergoing extensive renovations and upgrades, with a grand reopening slated for September of this year. The resort is a prime getaway destination for tourists and local residents of Del Mar, Rancho Santa Fe, La Jolla and Carmel Valley alike, and it also presents the potential for fractional ownership. Fractional ownership properties are those within which multiple owners hold percentage shares in exchange for owner access to the property, as well as membership perks. Rancho Valencia is a great example of fractional ownership for San Diego County residents, and one that serves to illustrate the advantages and costs of alternative vacation real estate investments.
Rancho Valencia offers owners access to The Villas, furnished and decorated 2,500 square-foot residential units complete with a 1,000 square foot outdoor terrace, private spa, fireplace, BBQ and dining area. Fractional ownership in a unit includes a host of amenities and perks (including access to the private pool and clubhouse, housekeeping services, tennis, spa and fitness facilities and membership at The Rancho Valencia Club), making it possible for real estate investors to enjoy the luxuries of a high-end vacation property and resort combined at a reduced cost. Unlike a timeshare development, fractional ownership means that owners possess a fully deeded piece of real estate. In the case of Rancho Valencia, this means ownership comes complete with unlimited access (subject to availability and the resort’s reservations policies), 4 “planned weeks” of use and flex time on a space-available basis – a total of up to 90 days per year.
Investing in a fractional ownership property with help from a Del Mar real estate expert
Developments like the Rancho Valencia Resort and Spa constitute a unique real estate product for the seasonal visitor, making vacation ownership and real estate investing both accessible and affordable. With options like fractional ownership alongside more traditional real estate developments, there really is a real estate product for everyone in San Diego County.
However, as with any real estate purchase, it is important to discuss your options, priorities and budgetary requirements with an experienced Del Mar/Rancho Santa Fe real estate agent before moving forward. If you are considering a vacation real estate investment here in San Diego – at Rancho Valencia, another fractional ownership property or even a private residence – contact us at Willis Allen Real Estate for trusted guidance and insider expertise. With decades of combined experience in the San Diego area and a unique understanding of the local market, we offer our clients incomparable resources and superior service to suit their unique needs and goals.
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