Marriott Grande Ocean Gold Week Resale Price?

[itrainu]

What can I expect to pay for a Marriott Grande Ocean Gold Oceanview week on the resale market? Would 9k be a reasonable amount, or is that too high in this market? This is for every year usage. Thanks...Susan

 

[iluvfla]

I just bought, last week out of our board, an ocean pointe week, EY, gold season, 2 bdrm, lockoff, for $3000, maybe this can help you compare, look on eBay as well, good luck!! Ah, forgot, it's ocean view unit

 

[jdunn1]

I think the price is closer to 5,000 or 6,000 right now and less than that in a year or so. Ocean side is something a lot of buyers are still willing to pay for though. Would be currious to see what others think. A bit of caution, Grande Ocean owners can be very bias about the value of their resort -- so be prepared for some high values from owners at that resort.

You should check ebay for completed listings. For comparison, there was a platinum Ocean Watch ocean side week (a more desirable resort, especially in the summer than anything in Hilton Head) on ebay that was listed 2 times a few months ago and went unsold and the asking price was around 11k. There wasn't even one bid in the two times I saw that week listed on ebay.

Something else you can do is make a bunch of offers for whatever number below 8k you want to people on redweek and see if anyone bites.

 

[m61376]

Joe will be the one to chime in here with more recent experience, but if I remember correctly a good price for an Oceanside would be in the 7K range, so 5-6K seems about right from what I've read/seen others post.

 

[yumdrey]

I sold my oceanfront for 8k. So oceanview should be around 5-6k.

 

[MOXJO7282]

I sold my oceanfront for 8k. So oceanview should be around 5-6k.

I think OF prices will command alittle more than $8k, but OS is about right at $5.5 - $6k.

 

[kjd]

I bought a Silver OS MGO about three years ago for $2,300. Don't know what it's worth now but MGO prices tend to hold their value even though there are occasional dips. Gold is a good season on HHI and worth a lot more than Silver. Both are good traders for off season Marriott properties located anywhere. MGO has always been a good value.

 

[Berea1]

Prices are dropping.

Please note that silver week just sold on ebay for under $900.00. I am at MGO now and another owner indicated that he paid $255.00 several months ago for a silver week, to go with the two that he already owned. What to do with the two bronze weeks that I have owned since 2004 and got weeks 12 and 13 for this year. We are here from March 22nd to April 8th, 2012. Rented 3 nights at the govt. rate of $ 174 in Royal Tern and am now oceanfront in the Dolphin Building. All of this relaxing is really tiring! Life is good!!!! Patrick

 

[Shirtman]

The last two Grande Ocean oceanside went for about $5000 on Ebay. I just purchased one on the open market for $6000. Hope that helps.

 

[Berea1]

Research MGO resales

Hey, I called the Register of Deeds at 843-255-2555 and found out that you can research the resales at www.bcgov.net. Once there, go to Register of Deeds and then click on property research.

The number to insert are as follows for the Marriott Grande Ocean:

R550, 018, 000, 0069, Search but make sure you restrict the search to the last six months or less (09/30/2011 to 03/27/2012) and check 1000 records. You will be surprised at the number. If you want to do one just on Marriott Ownership and see what the financial deal was with First American.

Play with it and post your observations. Also, I am looking for the lowest price that an MGO gold sold for in the last year. Once one to identify that will get my undying respect for your computer skills.

The mapsite for Surfwatch is R511. I will add the other Marriott's map number when I find it although I do have to get some work done.

Patrick

 

[Berea1]

MGO Owners Assoc. sale to Marriott

Here is the deed number to research the sale of 3 MGO silver weeks for $10K:

go to the website DCM and insert these numbers:
R550, 018, 000, 0069, 8913, 25
you have to put in the comma and the space in order to be successful

You should see the transfer of three silver weeks, 8416-S-10, 8643-S-10 and 8732-S-48.

The first is unit 6 on the first floor, (i.e., 16) in Building 84 (Sea Horse). Because of the way that Sea Horse slants, it is considered an ocean front rather than a gardenview (which used to be called ocean view when MARRIOTT was trying to sell them new!).

Here is my question: What did the owners' association sell the three units for (to Marriott) to the exact dollar????


Patrick