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[2023] Lakewood resort vs $350 million development MERGED

My mom and late father own two weeks there. Hoping she will just let it go. We shall see. Would be nice not to deal with the headache. I've been there several times. It used to be a nice place to stay....views are amazing.
 
This is so interesting and I feel will become more commonplace in other valued vacation spots like Vail. Real estate value is always subject to "highest and best use" and these older timeshare properties often are directly in the path of new ideas for newer and more attractive resorts.

From briefly scanning the article, sounds like individual timeshare owners were treated fairly...$4000 per week.
 
I posted this a few weeks ago and no response from tug members. We owned there for twenty years, saw lots of changes. It was a good ownership because we were allowed ten hours of boat time on very nice boats free of charge. if they do get bought out, owners will get a nice chunk of change. I can’t imagine having a nice tim3 ith bulldozers working all around you.
 
What a deal! What was great about Lakewood was ten hours in a beautiful boat, just pay for the gas. And that was even if we traded back in there.
 
The press release article sounds to be good to be true.
What are the current Lakewood Resort owners impressions of Treetop offers?
 
pedro47 said:
The press release article sounds to be good to be true.
What are the current Lakewood Resort owners impressions of Treetop offers?
Click to expand...
Treetops Village has standalone units in a really nice wooded lakeside area, and the resort has docks as well. Don't own there but have stayed there a few times. I'm guessing the offers would be for mostly off season units?
 
I think it's a shame, but the developers will eventually get ownership of the resort. We have stayed there twice and it was great. If you are looking to purchase a unit at the lake, Tree Top Condominiums has many units available for sale very reasonably with maintenance at about half the cost at Tree Top Village. We have owned there for over 30 years and love it. the website is treetopcondos.net.
 
I just saw this on an RCI Members FB page. I checked in here for any news that may have helped the author of the post and saw this thread.

"I just called Lakewood Resort in Osage Beach MO, to discuss our reservation for October 12, and was told the resort is closing permanently on October 5! I made the reservation on September 1! I have started a “chat” with RCI to find out why they haven’t notified us, what the plan is for returning points and exchange fee. Has anyone else heard about this? We were there last fall and knew that the new enterprise zone was going up around the resort and it would likely be bought out and probably demolished, but assumed if reservations were still being made, maybe the resort was going to be okay after all. "

It appears the resort is no more!


~Diane
 
I honeymooned there. :( My parents owned two floating weeks. First timeshare exposure!
 
i never stayed there, just deposited for RCI points -- good value for that. I expect this is an unusual story in the timeshare world: I bought in for $500 several years ago when a timeshare resale company offered it to me (I was discussing a transaction about another timeshare). This was a "special offer" because someone wanted to sell and at a low price. I decided to buy it just to trade for RCI points. After several years of good RCI point usage, it is now being sold to a developer. My $500 investment turned into $14096 sale!
Yes I paid maintenance fees year by year, but I do not consider those as part of the investment as I used the points to get value about that of the fees. I will enjoy the profit of $13,596. Would never "invest" in timeshares, but this was a windfall.
 
RayT said:
i never stayed there, just deposited for RCI points -- good value for that. I expect this is an unusual story in the timeshare world: I bought in for $500 several years ago when a timeshare resale company offered it to me (I was discussing a transaction about another timeshare). This was a "special offer" because someone wanted to sell and at a low price. I decided to buy it just to trade for RCI points. After several years of good RCI point usage, it is now being sold to a developer. My $500 investment turned into $14096 sale!
Yes I paid maintenance fees year by year, but I do not consider those as part of the investment as I used the points to get value about that of the fees. I will enjoy the profit of $13,596. Would never "invest" in timeshares, but this was a windfall.
Click to expand...
Wow
 
A bit of an update. Development of the amusement park is on hold as the developer has discovered it is taking longer than expected to obtain clear title over the timeshare units. I found it interesting that they offered $8 million and the HOA rejected. Then they went about just buying deeds. I wonder if it cost them that much to acquire the individual deeds? Somehow I suspect many owners didn't get nearly as much as they would have received from residuals of the $8 million dollar offer (which they had actually countered with the same previously).

The Jobsite Is Awfully Quiet At Lake Of The Ozarks' Future Amusement Park. We Found Out Why.​

www.lakeexpo.com

The Jobsite Is Awfully Quiet At Lake Of The Ozarks' Future Amusement Park. We Found Out Why.

Developer Jeff Tegethoff admits he had originally thought the $400 million Oasis at Lakeport entertainment complex on Lake of the Ozarks would be open by now. But that was back
www.lakeexpo.com www.lakeexpo.com
 
RayT said:
i never stayed there, just deposited for RCI points -- good value for that. I expect this is an unusual story in the timeshare world: I bought in for $500 several years ago when a timeshare resale company offered it to me (I was discussing a transaction about another timeshare). This was a "special offer" because someone wanted to sell and at a low price. I decided to buy it just to trade for RCI points. After several years of good RCI point usage, it is now being sold to a developer. My $500 investment turned into $14096 sale!
Yes I paid maintenance fees year by year, but I do not consider those as part of the investment as I used the points to get value about that of the fees. I will enjoy the profit of $13,596. Would never "invest" in timeshares, but this was a windfall.
Click to expand...
Would like to hook this to current thread, but don’t know how. Thread has Lakewood in title
 
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