Broadway Plantation: A Steal?

[Beefnot]

I keep looking at this ebay auction that closed last week, wondering how a Starwood Myrtle Beach summer week 2BR lockoff with no closing costs and free 2012 usage went for $1.25. Is that real? Am i misreading something? Is it the high MFs?

 

[sail27bill]

SBP is a nice resort but it is not on the beach. It is about a mile from a beach access which is why the price was probably so low. It does have a cute lazy river and it is right next to Broadway at the Beach. The rooms were nicely redone when we visited there this past August, but the MFs for what you get seem high to me. I much enjoyed our stay at Marriott Oceanwatch since all we had to do was a 3 minute walk from our villa to the beach. The pools were nicer too than SBP. I had an option of getting a summer SBP for free and I passed as I discovered I liked more upscale amenities. The staff were great though and they did have lots of activities going on all throughout the day so that was fun, but as far as a Starwood resort, I would say it is okay.

Anita

 

[Beefnot]

SBP is a nice resort but it is not on the beach. It is about a mile from a beach access which is why the price was probably so low. It does have a cute lazy river and it is right next to Broadway at the Beach. The rooms were nicely redone when we visited there this past August, but the MFs for what you get seem high to me. I much enjoyed our stay at Marriott Oceanwatch since all we had to do was a 3 minute walk from our villa to the beach. The pools were nicer too than SBP. I had an option of getting a summer SBP for free and I passed as I discovered I liked more upscale amenities. The staff were great though and they did have lots of activities going on all throughout the day so that was fun, but as far as a Starwood resort, I would say it is okay.

Anita

Makes sense, although had I noticed this listing, then at minimum I might have picked it up, deposited the week (or rented it), then tried to give it away to good home for 2013 usage. I know, I know, risky.

I guess most Startwood voluntary resorts are now indeed effectively worth little to nothing.

 

[sui]

Compared to SDO, it has similar traing power, but much more MF, I wouldn't take it even for free, it takes only a few years to break even.

 

[jojo777]

I love my SBP. I have only been there once, but it trades well and because both sides of the lock off are one bedroom, I always get a 1 or 2 bedroom unit when I trade. It has been good to us.

 

[strandlover]

The facts that this unit floats 9-43 + high maintenance was a deterrent for me. If you manage to reserve weeks 25-32... great! Otherwise, it's not worth it.

You can trade into SBP during in the shoulder seasons for very few TPUs.

 

[vacationtime1]

The facts that this unit floats 9-43 + high maintenance was a deterrent for me. If you manage to reserve weeks 25-32... great! Otherwise, it's not worth it.

You can trade into SBP during in the shoulder seasons for very few TPUs.

Reserving a summer week at SBP is not difficult. There is no deed to wake up early to call twelve months out; calling a few months in advance is usually sufficient.

SBP has this funny attribute that you may reserve your deeded week 12-24 months in advance. We own a deeded week 32 and grab it a year or two in advance so that is never an issue. If we later decide to trade it, no problem; Starwood reassigns us a generic week which trades well in Interval (I don't know about RCI).

I agree that the MF's are too high; if you would be buying it to use as a Starwood trader, SDO is probably a better bet at this point.

 

[Ridewithme38]

Reserving a summer week at SBP is not difficult. There is no deed to wake up early to call twelve months out; calling a few months in advance is usually sufficient.

SBP has this funny attribute that you may reserve your deeded week 12-24 months in advance. We own a deeded week 32 and grab it a year or two in advance so that is never an issue. If we later decide to trade it, no problem; Starwood reassigns us a generic week which trades well in Interval (I don't know about RCI).

I agree that the MF's are too high; if you would be buying it to use as a Starwood trader, SDO is probably a better bet at this point.

I was checking my 2br non-lockoff SBP's Trading power in RCI earlier today, just to get an idea, it looks like MOST weeks get 31 TPU, it was strange it seemed like alot weeks got 31, even weeks i'd consider off season...seems like an *average* trader in RCI, considering the MF's are over 1100, its not a great trader...

But i bought to use, so trading isn't an issue for me...and i'm scared to buy right on the beach because of the extra maintenance involved from the salt water spray...

 

[strandlover]

I was checking my 2br non-lockoff SBP's Trading power in RCI earlier today, just to get an idea, it looks like MOST weeks get 31 TPU, it was strange it seemed like alot weeks got 31, even weeks i'd consider off season...seems like an *average* trader in RCI, considering the MF's are over 1100, its not a great trader...

But i bought to use, so trading isn't an issue for me...and i'm scared to buy right on the beach because of the extra maintenance involved from the salt water spray...

Yes, that is how I would evaluate whether it's a good trader or not. MF$/TPU works out to $35.48 based on your 31 TPUs above. I get 24 TPUs for my week 35 oceanfront studio for $15.13/TPU. I am not familiar with its relative trading power in Interval.

I don't worry as much about the salt water spray as a factor to higher maintenance fees. My biggest worry would be where the heck the money is going that would rationalize $1100 MFs.

 

[bogey21]

I have problems with their location and Maintenance Fee. I'd rather own at a resort on the beach with way lower MFs and smaller units even if I am giving up something in quality. Thus my choice in the Myrtle Beach area is Peppertree by the Sea.

George