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Fractional Ownership Makes Waves in Wisconsin-area Golf Course, Lake

Fractional Ownership Makes Waves in Wisconsin-area Golf Course, Lake

Vacation News » Vacation & Leisure Real Estate Edition | By Scott Kauffman | July 6, 2010 8:30 AM ET



(CHICAGO, IL) -- Chicago-area families with an affinity for golf and lake vacations can now enjoy a new Lake Geneva, Wisc., retreat at a fraction of the cost of whole ownership. Whether the priority is a lakefront or golf course location, The Wrigley Residences on Lake Geneva and The Residence Club at Geneva National offer the most convenient way to own a nearby vacation home without the burdens and expenses normally associated with whole ownership. Each property provides boat and Geneva National Golf Club privileges.

The Wrigley Residences on Lake Geneva  consist of two meticulously furnished, 4,400 square-foot homes in addition to private boat privileges, a private pier, sport membership privileges at Geneva National Golf Club, and personalized club services. The spacious four-bedroom homes blend contemporary living with classic lakefront ambiance, providing an ideal headquarters for family gatherings, Lake Geneva recreation, and relaxation. Lake Geneva Beach and downtown, with its diverse activities and attractions, are a short walk away. Introductory pricing is $298,000 for a one-tenth undivided interest with flexible use of both residences.

The Residence Club at Geneva National offers those with a passion for golf an unrivaled location on the links coupled with golf membership and access to all Geneva National Golf Club facilities. The luxurious, fully furnished, three-bedroom homes are surrounded by 54-holes of championship golf. Ownership comes with "Generational Privileges," a special membership package allowing three generations to golf with no greens fees, and use of the fitness and dining facilities. Owners and their guests may also enjoy lake recreation with the residence club's private boats and the community's swimming pools and tennis courts. Introductory pricing is $74,500 for a one-twelfth undivided interest with flexible use of all residences.

Both residence clubs offer housekeeping, on-site storage, pre-arrival grocery shopping, and a club concierge. They are also pet-friendly (dogs only). Exchange privileges with other luxury residence clubs in a variety of destinations are offered through The Elite Alliance

FairWyn Development and Genco Development, LLC, developers of The Wrigley Residences and The Residence Club at Geneva National, respectively, have engaged Chicago-based DCP International to structure, market, and sell each property.

"Both clubs offer owners the opportunity to enjoy quality family time in an idyllic location that is amazingly close to Chicago," says Steve Dering of DCP International, pioneer of the residence club concept. "The unrivaled value, convenience, and amenities enable owners to enjoy a lifetime of memorable and carefree Lake Geneva vacations."

DCP International created the world's first residence club in the early '90s at top-rated Deer Valley Resort in Utah. Since that time, it has successfully introduced the concept to many other prestigious national and international destinations, making it the fastest growing segment of the luxury vacation home market.




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