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Morritts Grand

dundey

TUG Review Crew: Veteran
TUG Member
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Location
NJ
Resorts Owned
DVC - BLT & WLV, Cliff Club, Bolton Valley, Morritt's, Sudwala
Love the resort, we've stayed there 3 times, but I've heard about problems recently with the board. Anyway, I was looking at ebay, and noticed a 2BR Grand unit sold today for $3,600!! Wow!

I know there's a difference between Grand & Tortuga (older) but its the same resort and I saw a 2BR Tortuga recently sell for $1 with no closing costs to the buyer.
 

caribbean

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I used to own a 2BR penthouse @ MGR. My advise is to steer clear of that place. OK to trade in & visit, but do not buy. Long history of financial problems centered around the owner. He currently owes money to the resort. The Board is controled by the owner and his family. One day I think that place is going to implode financially. The MF have risen drastically over the years from what they were in 2001. Far more than normal inflation. Special assessments due to being under insurred due to poor management. To many problems to address here. They sell at rock bottom for a reason.
 
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caribbean

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By the way, another 2BR sold on eBay about 10 days ago for $1225.
 
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