The 12 Ridges Residence Club is an equity residence club providing deeded fractional ownership in your choice of three impeccable home designs – two-bedroom, three-bedroom and four-bedroom. Located within the 12 Ridges Vineyard estate, each of the planned 25 residences boasts stunning, contemporary architecture and is fully furnished and accessorized. The spacious club homes feature gourmet kitchens and inviting outdoor living areas with barbecues, hot tubs and fire pits. There are eight owners per residence, and each enjoys frequent and flexible enjoyment of their elegant homes throughout the year. Your Residence Club staff ensures worry-free ownership and hassle-free vacations.
Frequently Asked Questions
1
What is the 12 Ridges Vineyard Residence Club?
2
Is 12 Ridges Residence Club a typical timeshare development?
No. Timeshare is typically the right to use only a specific week or a certain number of points. Although appropriate for a segment of the market, timeshare is essentially the pre-purchase of vacations with little or no residual value. Residence Club owners receive deeded real estate ownership and have access to all club residences within their ownership category (Two-Bedroom, Three-Bedroom or Four-Bedroom), with the right to use anytime, subject to the reservation policies.
3
Have Residence Clubs been developed in other prestigious destinations?
Yes. Residence Club ownership was introduced 30 years ago at top-rated Deer Valley Resort in Park City, Utah and has been enthusiastically embraced by affluent buyers at other premier resorts such as: Aspen, Vail, Telluride, and Steamboat Springs, Colorado; Palm Springs, Napa Valley and Lake Tahoe, California; Tucker’s Town and Southampton, Bermuda; Los Cabos, Punta Mita, San Miguel de Allende, and Huatulco, Mexico. There are also residence clubs in Manhattan and Florence, Italy. Each of these residence clubs is owned and operated much like The Residence Club at 12 Ridges. The creator of the residence club concept is part of the 12 Ridges Vineyard Residence Club team.
New Residence Club development is underway in:
San Miguel De Allende, Mexico
Tecate, Mexico
Casoli, Italy
Orlando, FL
4
Are the residences fully furnished?
Yes. Every residence at 12 Ridges Residence Club has been designed by Glickman Design Studio and is fully furnished and fully accessorized.
5
Do Residence Club buyers own real estate?
Yes. Ownership is evidenced by a real estate deed, which is recorded and guaranteed by a title insurance policy. Each owner is conveyed a one-eighth, debt-free, undivided deeded interest in one of the Residence Club’s fully furnished residences.
6
What are the advantages of Residence Club ownership?
Residence clubs combine the benefits of vacation home ownership with the services of a luxury resort. The Residence Club at 12 Ridges Vineyard provides owners with generous and flexible vacation use, removes the worries and responsibilities typically associated with absentee ownership, and dramatically reduces the initial and ongoing financial burden.
7
As an owner, how often can I vacation at the 12 Ridges Residence Club?
As often as you wish, subject only to the Residence Club’s reservation policies. Owners have the flexibility of reserving Planned Vacations well in advance and visiting on a space-available and short-notice basis. Each year, owners may reserve 21 days of Planned Vacations in advance of the club Year. This leaves abundant occupancy for space available and short-notice vacations throughout the year. If every owner uses their reservation privileges equally each will enjoy a minimum of six weeks annually. However, there is no limit on use. If some owners visit their club less, others can visit more.
8
What if the number of owners wishing to stay at the Residence Club exceeds the number of residences available?
Your club is designed to equitably allocate vacations when demand for lodging may exceed supply. A Rotating Priority System® ensures all owners will have equal access to high-demand dates over the years. This system has proved fair and equitable for more than three decades.
9
Will Residence Club owners always stay in the same residence?
No. To provide the greatest flexibility and availability, owners have equal access to all residences within their Ownership Category (Two-Bedroom, Three-Bedroom or Four-Bedroom). Requests for specific homes will be granted when possible.
10
Can Club owners occupy more than one residence during the same time period?
Yes. This is a unique and highly prized feature of residence club ownership. Because Residence Club owners are not restricted to a particular residence, they can Club more than one residence at any given time if sufficient residences are available. This ownership benefit allows you to host family reunions, large gatherings of friends, or corporate retreats.
11
Do owners have guest privileges?
Yes. Owners may invite guests to stay with them during any of their vacations and they also may invite unaccompanied guests to enjoy any of their confirmed club vacations without a guest fee.
12
Can owners rent a portion of their vacation time?
Yes. Owners will be able to rent confirmed Planned Vacations and Space Available Vacations through the residence club management company.
13
Can more than one family or individual share a single ownership?
Yes. Individuals can form legal entities to control an ownership. It will be up to the joint owners to allocate lodging for that ownership in compliance with the Residence Club reservations policies.
14
Can a Club ownership be resold?
Yes. Like any other form of real estate, the owner’s deeded fractional real estate interest can be sold or transferred by the owner, or sold by a licensed real estate agent, subject to the Residence Club legal documents.
15
As an owner, can I exchange lodging privileges with other Residence Club owners?
Yes. The 12 Ridges Residence Club has been selected to participate in the prestigious Elite Alliance® exchange program (elitealliance.com/exchange). Your complimentary Elite Alliance membership provides exchange privileges with owners at a prestigious collection of residence clubs and luxury vacation homes in more than 130 coveted national and international destinations.
16
What is Elite Alliance?
Elite Alliance’s exchange program allows owners at 12 Ridges Residence Club access to vacations around the world. The simple exchange process transforms your real estate ownership at 12 Ridges into a key that unlocks the door to seamless travel adventures – ski trips, golf getaways, beach escapes and much more – at a growing array of coveted destinations worldwide.
Visit the Elite Alliance Website
17
Do owners pay annual fees?
Yes. The annual fees pay for the professional management, operation, and maintenance of all Club residences. Included in these annual fees are funds for staff salaries, supplies, maintenance, trash removal, legal/accounting, utilities, transportation, management fee, property taxes, master association fees, and Clubs for scheduled maintenance and replacement of residential furnishings and appliances. Each owner’s annual fees are a fraction of the all-in annual costs associated with sole ownership of a luxury vacation home.
18
Besides the annual fees, what other fees apply?
The only additional fee is for housekeeping to keep your residence clean and welcoming during each day of your vacation and to prepare it for the next arriving owner.
19
Who establishes the fees and controls the affairs of the Residence Club?
A member-elected Board of Directors establishes budgets and fees on an annual basis.
DISCOVER MOUNTAIN VINEYARD LIVING
Residence Club Ownership from $222,000
On the Blue Ridge Parkway