104000 Overseas Highway # 3, FL 33037

Description

Vacation Home Fractional Ownership in a luxury setting in Key Largo, FL! Welcome to the Residence Club at Fisherman's Cove! Enjoy any of the 6 fully furnished designer-decorated 3 bedroom/3 bathroom, 2,300 +/- square foot residences throughout the year on a weekly basis. Large 450 sq ft balconies wrap each unit, allowing you to enjoy views of Blackwater Sound and the resort-style pool. Owners can play at the pool, relax in tiki style cabanas or enjoy privacy on the owner's deck while watching the famous Florida Keys sunsets. Each unit equipped with Smart TVs and WIFI. Kitchens are fully stocked. 2 boats available for use - 26' Sea Fox and 24' Contender. Most owners use the residences 5-7 weeks per year. Located above the Big Chill allows convenient access to dining and entertainment. Vacation Home Fractional Ownership in a luxury setting in Key Largo, FL! Welcome to the Residence Club at Fisherman's Cove! Enjoy any of the 6 fully furnished designer-decorated 3 bedroom/3 bathroom, 2,300 +/- square foot residences throughout the year on a weekly basis. Large 450 sq ft balconies wrap each unit, allowing you to enjoy views of Blackwater Sound and the resort-style pool. Owners can play at the pool, relax in tiki style cabanas or enjoy privacy on the owner's deck while watching the famous Florida Keys sunsets. Each unit equipped with Smart TVs and WIFI. Kitchens are fully stocked. 2 boats available for use - 26' Sea Fox and 24' Contender. Most owners use the residences 5-7 weeks per year. Our property includes 6 private residences sitting above Jimmy Johnson’s Big Chill.This is a fractional ownership property. There are 8 ownership shares in each unit. So, a total of 48 ownership shares for the property. Each owner has a Deed for 1/8th undivided interest in one of the units. The ownership group also owns 2 twin-engine center console boats for owner use – a 24’ Contender and 26’ Sea Fox.Ownership allows you use of any of the 6 units. Each owner reserves 3 “Planned Weeks” for the calendar year. Once every owner reserves their planned weeks, the Residence Club still has 54% of the weeks “available”.At this point, owners can book a “Space Available” week for any open date in the future. Once the owner has used that week, they can book another “Space Available” week for any open time.Another booking option is the “Short Notice” reservation. This can be done for any available date within 14 days.Frequently Asked QuestionsIs fractional ownership the same as a time share?Not even close. A fractional ownership gives you ownership (Deed) in a real estate asset. You own an interest in the property, not a block of time. You can buy and sell just like your primary home.What are the benefits of fractional ownership?Ownership and use of a luxury vacation home Deeded ownershipUsage rightsFlexibility of useShared maintenance costsFull time staff caring for the property and the owners.Can I rent my share?No. The property is for the exclusive use of the owners and their guests.Are pets allowed?Yes, we reserve some of the units for owners with pets.Is there an outdoor grill?Yes. Our owner’s deck is a perfect place to grill while watching the sunset. There is also plenty of seating for dinner and cocktail gatherings. The hot tub is always warm.What are the Association Fees?$3,000 per quarter. This covers insurance, maintenance, property taxes, water, sewer, trash, 3 employees and supplies.Any additional fees?There will be a cleaning fee when you leave. This fee averages $150.What day of the week do the reservations begin?Check in is Friday 3 pm. Check out the following Friday by 10 amWhat if I want to leave early?No problem. Just let us know in case another owner would like to pop in for a few daysIs there a fee to use the boats?Yes, $50 per day. Plus, top off the fuel tank when you return to the marina, which is next door.Can I bring my own boat?Yes, we have an owner’s dock for your use.Can we use the Big Chill Pool?Yes! We have 3 poolside Tiki Huts for the exclusive use of the owners.Is there a Board of Directors?Yes, the Board consists of 5 owners. There is regular communication from the Board. The annual owner’s meeting is in November via Zoom.