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Causeway on Gull Purchase - How did I do?

Discussion in 'Buying, Selling, Renting' started by Michael, Feb 8, 2006.

  1. Michael

    Michael TUG Member

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    Just checking on Tugger's opinions as to how I did on this purchase. I won an eBay auction for a prime July (week 29) Causeway on Gull (Minnesota)twinhome (1800 sq. feet) for $6010.00. This is the only prime Summer week that I have ever seen on eBay. It seems to be a great price compared to similar weeks for sale elsewhere and should enable me to get my money back out of it if I decide to sell in the future. What do you all think?

    - Michael

    (For those unfamiliar with the resort, the units are drop-dead gorgeous with floor to vaulted ceiling windows in the great room along with a fieldstone fireplace and spiral staircase. Four season porch with hottub. Two bedrooms, reading loft, two baths and full kitchen/two separate dining areas.)
     
  2. madherb

    madherb TUG Member

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    I don't know the resort but it certainly sounds as if you are happy, which is all that really matters. If your plan is to use this yourself only time will tell whether it was a good economic decision.
     
  3. Gramma5

    Gramma5 TUG Member

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    Good job! That is a great resort with beautiful accommodations. The price seems great altho I have not shopped for one. We love the area and go to Breezy or White Birch every summer. I'm glad a Tugger got this.
     
  4. huestous

    huestous Guest

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  5. T_R_Oglodyte

    T_R_Oglodyte TUG Lifetime Member

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    You are venturing into sacred territory. Minnesotans have a deep love relationship with their lakes, and almost all Minnesotans either have a cabin on a lake in northern Minnesota or dream about having a cabin on a lake in northern Minnesota. (As for me, I have a sister who lives on a lake in northern Minnesota.)

    Those summer timeshare weeks at places such as Causeway are gems. It should be an incredibly strong trader.
     
  6. northwoodsgal

    northwoodsgal TUG Member

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    I think you did pretty good, especially considering the quality of the resort. My sister-in-law bought a 2 bedroom prime summer unit a few years ago at the Pointe resort in Minocqua. She paid $4,000 for a unit that has lake view. It was sold directly through the resort, but not advertised to either the resort owners or publicly. She was very happy with the price.
     
  7. grupp

    grupp TUG Member

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    Michael
    Looks like you got a decent deal. The key being that it is not one of the new units (any unit over #52) which are located in a gravel pit up the hill from the lake and other amenities.

    Should be a great trader or provide you with a very nice summer vacation.

    Gary
     
  8. Michael

    Michael TUG Member

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    Agree - Buy, Rent or Exchange into a Twinhome only!

    Gary -

    I definitely agree with you. If anyone buys, rents or exchanges into this resort, make sure it is a twinhome (Units 1-52). The newer 6-plex units are inferior in quality, size and location. Although they are new, they lack the "wow" factor as you walk in the door. The only thing that the developer could be thinking about is the density factor but they better not let prospective buyers see the twinhomes or it will be a very tough sell. In addition, repeat exchangers who end up in the new section are unhappy with the accomodations which has been reflected in the guest comment cards to RCI.

    - Michael
     

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