Kauaian timeshare deeded oceanfront FREE. It is every EVEN year 1 Bdroom 2 bth delux.. $1653 maintanence even year. Kauai Beach Villas near Lihue...

[rmarywendy1]

This is a lovely resort right on the ocean with use of pools and facilities and it has a lovely uncrowded beach. Unit has great view and is oceanfront. WE are in our 80's and have owned here for decades but can no longer travel as much. Just pay transfer fees (title fee of $450 and transfer for Wyndham of $399) and its yours. It is in Wyndham points (266,000 per even year) . You have priority for oceanfront.. any time of year. Mary Roberts rmarywendy1@gmail.com

 

[DeniseM]

The post above lacks full disclosure: Two of the 3 oceanfront buildings are closed & condemned and the entire resort needs major structural renovations due to shoddy construction. There is either going to be a HUGE special assessment, or the resort is going to close.

 

[jacknsara]

For folks who don't already know, https://tugbbs.com/forums/forums/kauai-beach-villas-ioa-public-square.61/ contains as much info as most would want

 

[davidvel]

This is a lovely resort right on the ocean with use of pools and facilities and it has a lovely uncrowded beach. Unit has great view and is oceanfront. WE are in our 80's and have owned here for decades but can no longer travel as much. Just pay transfer fees (title fee of $450 and transfer for Wyndham of $399) and its yours. It is in Wyndham points (266,000 per even year) . You have priority for oceanfront.. any time of year. Mary Roberts rmarywendy1@gmail.com

Mary, wouldn't it have been fair to disclose the status of this resort in your post? I mean it's not like you'll own this for decades.

 

[rmarywendy1]

I always disclose everything I know to any prospective buyer who contacts me. I have sold one of my timeshares after disclosing all of the info including estimated special assessments though I do not know when they will be imposed. I will not own these for decades because of my age. A young buyer will pay less than I did to buy these and be able to spread any costs over more years. Example: I paid $29,000 for an every year 2 bd 2bth oceanfront and paid for title etc.. I "sold" it to someone who only paid the transfer and title.. and even if they pay special assesments as estimated will eventually pay less than $11,000 over three years. Unlike my hubby and I , they will be able to travel to actually use them and do so for many years.

 

[TheTimeTraveler]

This is a lovely resort right on the ocean with use of pools and facilities and it has a lovely uncrowded beach. Unit has great view and is oceanfront. WE are in our 80's and have owned here for decades but can no longer travel as much. Just pay transfer fees (title fee of $450 and transfer for Wyndham of $399) and its yours. It is in Wyndham points (266,000 per even year) . You have priority for oceanfront.. any time of year. Mary Roberts rmarywendy1@gmail.com

Clearly the issues at this Resort should have been disclosed on Post #1.

This Resort may or may not ever come back to fruition, however one thing is clear: It sits on extremely valuable oceanfront land and its longterm status as a Timeshare operation is very questionable at best.

That said, if the Resort begins to goes belly up then a developer may want to get in there and turn the Resort into expensive, luxury condos. Any current timeshare owner still hanging around "could" cash in by selling their ownership, but that's a "big if".

It will be interesting to see when and if something positive happens there.












.

 

[davidvel]

Clearly the issues at this Resort should have been disclosed on Post #1.

This Resort may or may not ever come back to fruition, however one thing is clear: It sits on extremely valuable oceanfront land and its longterm status as a Timeshare operation is very questionable at best.

That said, if the Resort begins to goes belly up then a developer may want to get in there and turn the Resort into expensive, luxury condos. Any current timeshare owner still hanging around "could" cash in by selling their ownership, but that's a "big if".

It will be interesting to see when and if something positive happens there.












.

I may have missed it, but I do not recall any such resort implosions leading to owners getting any type of fair value for their interests. In these scenarios, I have seen the BOD making a deal with a developer where remediation, and related are highly exaggerated, and the land value is based on the insolvency of the existing HOA and its existing use, as opposed to its best and highest use.

The buyers get it for a steal, and then develop it under its best and highest use, while the prior TS owners get a pittance.

 

[Patri]

Mary, if you don’t find a taker, find out if the resort will take it back. If not, you can just let it go. In case of a rare credit hit, that should not matter to you any more. Depends how much you want to be done with timesharing.

 

[bnoble]

find out if the resort will take it back.

In this specific case, it will not.

 

[DRIless]

I may have missed it, but I do not recall any such resort implosions leading to owners getting any type of fair value for their interests. In these scenarios, I have seen the BOD making a deal with a developer where remediation, and related are highly exaggerated, and the land value is based on the insolvency of the existing HOA and its existing use, as opposed to its best and highest use.

The buyers get it for a steal, and then develop it under its best and highest use, while the prior TS owners get a pittance.

My resort in Whitefish Montana was collecting weeks to sell whole ownership of specific units. I got twice what I paid for it.

 

[DeniseM]

The resort is about to go under they are not taking deeds back.