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Magnolia Private Residence Club Caters to Families on Florida’s Emerald Coast
January 11, 2009 by Fractional Property Ownership, Timeshare & Luxury Travel Magazine · Leave a Comment
The new development promises a lifetime of memorable and carefree beach vacations
Florida’s Emerald Coast, renowned for its miles of sugar-white sand beaches and vibrantly colored water, has long been a popular destination for families seeking the perfect vacation. While Panama City and Destin have become crowded with development and hordes of visitors, there remains a serene area along coastal
Highway 30-A that stretches between the two cities.
Highway 30-A, known for old Florida charm, sea-oat covered dunes and pristine beaches is a favorite, lower key destination for visitors, who come mostly from the South East. The area’s natural beauty promises to be enjoyed by generations thanks to abundant open space and state parks. In addition to beach recreation, there are miles of coastal bike paths and award-winning eateries ranging from rustic oyster bars to open air seafood cafes to romantic dining.
Now families can own an exclusive slice of paradise in this picturesque area of Florida’s panhandle. Magnolia Private Residence Club, scheduled to open summer 2008, offers an ideal way to own luxurious vacation real estate on the Emerald Coast at a fraction of the price and without the hassles of whole ownership.
As Florida’s increasing property tax and insurance costs have slowed down the real estate market, residence clubs have proven to be an attractive alternative to whole ownership because these costs are shared amongst multiple owners. Although often confused with timeshares and destination clubs, private residence club owners have significantly greater flexibility in how they utilize their ownership. A fully furnished three-bedroom residence at Magnolia starts at $159,000 for a one-eighth share. There are just 17 residences
on the property, allowing for an intimate vacation experience.
Designed to appeal to multi-generational families to enjoy quality vacation time at the beach, Magnolia Private Residence Club is a comfortable, yet luxurious development that provides on-site services and amenities. The property has an expansive rooftop deck which includes a heated pool, hot tub, and two outdoor grilling areas. Children can find entertainment in the media room, while parents socialize in the owner’s lounge. An on-site concierge is available to coordinate local activities and restaurant reservations.
Owners can access the beach via a protected boardwalk, and staff will deliver Club lounge chairs, umbrellas, and coolers to the beach. A spacious, state-of-the-art fitness center with sauna, steam room and massage room is also on the premises.
Secured, air-conditioned owner storage eliminates the hassle of traveling to Magnolia with cumbersome beach gear. In addition to daily housekeeping, the Club staff provides pre-arrival grocery service. Outdoor recreation is made easier with bicycles on hand for complimentary owner use.
Magnolia developer Alan O’Neal of Axiom Capital Group, LLC says the Club was developed for families who are enthusiasts of Highway 30-A and its offerings. “We have created a residence club that provides an
exceptional family environment, in terms of comfort and amenities.” He adds, “Highway 30-A sees a lot of repeat visitors, and we are pleased to offer them affordable yet luxurious second homeownership that will enable them to fully enjoy their vacations in this beautiful part of the Emerald Coast.”
The residence club concept is growing in popularity as Americans discover the flexible and carefree lifestyle this type of second home offers. Shared ownership market research firm Ragatz Associates reported continued growth in the residence club industry in 2007 with an estimated sales volume of $1.2 billion, a 12
percent increase over 2006.
Axiom Capital Group has teamed with DCP International, the consulting company who pioneered the Equity Residence ClubSM concept in 1992 with the opening of the Deer Valley Club at the prestigious Deer Valley
Resort in Utah.
DCP President Steve Dering says, “This is the most logical vacation home ownership option. Members own deeded real estate in a primelocation that is priced for today’s market. Not only is the purchase price commensurate with the amount of use but the insurance, taxes, utilities, maintenance, replacement reserves, and staff expenses are shared amongst owners. The value is undeniable but what our buyers prize most is the high level of personalized service Magnolia offers.”
Magnolia Private Residence Club is conveniently accessible from around the country. Local airports are Okaloosa Regional Airport and Panama City-Bay County International Airport. The Club is in close
proximity to several South East cities including New Orleans, LA; Memphis, TN; Atlanta, GA; Jackson, MS; and Birmingham, AL
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