Real Estate

Fractional Ownership

More luxurious than a timeshare, more sensible than a full-time second home, The Lake House is a wonderful alternative for those who want to experience all the beauty of a complete Chelan vacation.

What is Fractional Ownership?

• Fractional ownership is usually purchased by individuals in a destination resort community they enjoy year-round. By contrast, timeshare buyers usually buy multiple weeks in a location but only use the prime week, choosing to trade the remaining weeks for use at another resort location.
• Fractional properties tend to be built to a higher quality level and provide a wide range of amenities in comparison to timeshares.
• Fractional properties usually follow local real estate trends versus timeshares which tend to depreciate in value over time.
• Fractional ownership offers a higher standard of luxury and hospitality at a fraction of the cost when compared to a full ownership property. This allows owners to enjoy their vacation lifestyle without the responsibility of maintenance and upkeep.

Why is it a great time to buy a fractional interest at The Lake House?

• First release pricing is still available. This equals greater equity opportunity at closing.
• You gain a greater selection of residences and use plans.
• NCNB mortgage financing is available.

At The Lake House, your 1/4-share ownership interest entitles you to a week of use, every fourth week from June through September--the most popular time to be in Chelan. You will also receive nine more planned weeks throughout the remainder of the year.