In The News

In the News

Timbers Resorts, the leading developer and operator of luxury boutique properties around the globe, has opened the highly anticipated Timbers Kiawah Ocean Club & Residences, the first new residential development on Kiawah Island’s oceanfront in over 30 years.

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Sean Daly, a retired partner with a major accounting firm, has a lot o practice working with fractions. Now he has used that skill to amass a portfolio of vacation homes in pie-chart slices: one-tenth of a ski home in Vail, one-twelfth of an oceanfront retreat on Hawaii’s island of Kauai, and one-twelfth of a centuries-old villa in Tuscany. Added together, the three fractional properties–which he takes turns using with other fractional owners–cost over $1 million.

Maureen and Tom Porth purchased their condo in Steamboat Springs, Colo., after selling several restaurant franchises. Mr. Porth decided to buy it after having the opportunity to stay there before deciding whether to buy.

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We’ve sold product as high as $5,600 a square foot, and our average is $2,000 square feet. People think luxury is the most expensive things you can put within four walls. But for us, it’s about having the best location and the best amenities. That to me is more luxury than, say, adding in a tub that costs tens of thousands of dollars.

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Timbers Resorts has opened the first phase of the $800 million Timbers Kauai — Ocean Club & Residences at Hokuala project and has reached $50 million in sales for whole and fractional ownership units.

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The latest from the Timbers Collection is a spectacular oceanfront property in Hōkūala,on the island of Kaua'i's southeast coast. Unveiled on June 1st, Timbers Kaua'i offers homeowners and visitors dramatic and unobstructed views of the Pacific Ocean and the lush, green Hau'pu mountains.

"As the last 'closer than close' oceanfront development on the island, this is a special opportunity to experience one of the most sought-after locations in the world," says David Burden, executive chairman and founder of Timbers Resorts. "Like every destination in the Timbers Collection, Timbers Kaua'i is deeply rooted in authentic [Hawaiian] culture, laying deep roots to the community and the destination. We are thrilled to share our exceptional amenities and personalized services in this truly breathtaking location.”

Distinguished as the last direct oceanfront property on the island of Kauai, the 450-acre resort community of Hokuala is both a Hawaiian jewel and a hot spot for vacationers.

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A new level of luxury living is coming to the exclusive private island of Kiawah, off the South Carolina coast. A barrier island just 25 miles southwest of Charleston—a destination for New Southern restaurants, architecture, and history—Kiawah is named after the Kiawah Indians who inhabited the island before  the English colonized the area in 1670.

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In Aspen fractional-ownership schemes are a great feeder market, says Feldman. “Buyers start by spending $300,000 on a fraction, decide they like the downtown, then invest in a detached home for $5 million-plus.”

Dancing Bear, a private residence club by Timbers Resorts, is in central Aspen, a two-minute walk from the ski gondola and shops. The 19 top-quality three-bedroom residences are divided between two buildings linked by an underground tunnel.

Deeded fractional shares go for £632,000. For that owners get a guaranteed six weeks' use a year with access to excellent facilities, including a concierge, a rooftop lounge, a games room, gym, spa cinema and restaurant. To preserve the private club atmosphere, owners cannot commercially rent their homes. "To be in the heart of Downtown Aspen with all these services, close to all the town offers yet with beautiful mountain views and a private rooftop terrace is what sells these homes," says director of sales, Pamela Ross. "It's the equivalent of a £3.5 million condo."