Marriott Newport Coast Owners? Platinum Season (Question)

[Sea2Snow]

Hi! I really like the Marriott Newport Coast property and can buy a Platinum deed for approximately $7500 + closing costs. I can rent a July week for $2400 on Redweek and when you consider the $1370 annual maintenance, I would save approximately $1000 each year by buying instead of renting with a breakeven in approximately 9 years. Is this worth buying and am I missing something? Thanks for any input!

 

[travelhacker]

Hi! I really like the Marriott Newport Coast property and can buy a Platinum deed for approximately $7500 + closing costs. I can rent a July week for $2400 on Redweek and when you consider the $1370 annual maintenance, I would save approximately $1000 each year by buying instead of renting with a breakeven in approximately 9 years. Is this worth buying and am I missing something? Thanks for any input!

I think the piece that you are missing is that July weeks are very hard to come by for owners of just a single week.

It may end up being a decent deal for you, but I wouldn't have the expectation that you can book July regularly when owning just a single platinum week.

 

[VacationForever]

In addition to the stated MF, there is a separately billed property tax by the county of about $100, bring 2020 fees to $1474. Owners have reported having difficulty in booking summer weeks when they own a single week so you will need to buy 2 weeks to get 13th month booking benefit and booking right when the reservation opens. I have explored buying a Newport Coast week in the past and decided to pass.

The other thing is that there are alot of rentals and you can negotiate on the price. You are likely to be able to get a week for closer to $2200, which means your breakeven is further stretched out.

 

[Sea2Snow]

I think the piece that you are missing is that July weeks are very hard to come by for owners of just a single week.

It may end up being a decent deal for you, but I wouldn't have the expectation that you can book July regularly when owning just a single platinum week.

I figured it would be relatively hard to secure but even if you could consistently secure June/July, I'm struggling with the math.

 

[Sea2Snow]

In addition to the stated MF, there is a separately billed property tax by the county of about $100, bring 2020 fees to $1474. Owners have reported having difficulty in booking summer weeks when they own a single week so you will need to buy 2 weeks to get 13th month booking benefit and booking right when the reservation opens. I have explored buying a Newport Coast week in the past and decided to pass.

Interesting! I didn't know about the 13th month booking window. May I ask what you bought after passing on MNC?

 

[VacationForever]

Interesting! I didn't know about the 13th month booking window. May I ask what you bought after passing on MNC?

I own at Desert Springs Villas I, Grande Vista and pure points. We now simply go in June and September, using a mix of Interval International Exchange and 60-day discounted points for Presidential level. My weekly cost to stay there is closer to $800 to $1100.

 

[Sea2Snow]

I own at Desert Springs Villas I, Grande Vista and pure points. We now simply go in June and September, using a mix of Interval International Exchange and 60-day discounted points for Presidential level. My weekly cost to stay there is closer to $800 to $1100.

 

[Sea2Snow]

Thanks for the info, it was very helpful!!

 

[5finny]

I am in the process of buying my first two Marriotts so take what I say with a grain of salt.
To qualify for the 13 month window your second Marriott does not have to be at the same resort and would not even have to be Platinum.
It's season would have to include the week before the week you want at Newport and you would actually have to make back to back reservations at both resorts. (I think back to back is broad enough to include a Thursday reservation followed by a Saturday or Sunday reservation--specifically gaps are permitted) If I am wrong I am sure someone more knowledgeable will correct

 

[VacationForever]

I am in the process of buying my first two Marriotts so take what I say with a grain of salt.
To qualify for the 13 month window your second Marriott does not have to be at the same resort and would not even have to be Platinum.
It's season would have to include the week before the week you want at Newport and you would actually have to make back to back reservations at both resorts. (I think back to back is broad enough to include a Thursday reservation followed by a Saturday or Sunday reservation--specifically gaps are permitted) If I am wrong I am sure someone more knowledgeable will correct

13-month reservation can be concurrent, consecutive or overlapping but must include reserving both weeks.

 

[BostonKingB]

Gotcha - that's why people have advised me that I should buy TWO timeshare weeks? Yikes. I came up short on my first one.

There is a Newport Coast Villas week for sale on eBay right now and they note that the "Trading Company" Is RCI. Does this mean I wouldn't be able to get an Interval membership with this week?

MARRIOTT NEWPORT COAST VILLAS 2 BEDROOM ANNUAL TIMESHARE FOR SALE!! | eBay

MARRIOTT NEWPORT COAST VILLAS. Marriott Newport Coast Villas is set on a majestic, soaring bluff overlooking the pristine stretch of Laguna Beach and the Pacific Ocean. The two most common forms of usage are Annual (every year) and Biennial (every other year).

www.ebay.com

 

[SteelerGal]

It’s Interval.

 

[5finny]

Some ebay sales companies are great and some are scams and most are in between
My rule is that unless they have had positive reviews on tug I avoid them.
A quick tug search did not come up with anything on this specific ebay seller (maybe something is there and I missed it)
However from their ad it looks like they are related to this company

[ 2016 ] Any experience with GC Getaways & Transfer Outlet, LLC

what more experience or info do you need than what is posted above? Did they get you out of your timeshare w/no additional fees and in a timely manner. Does their Club actually provide the things they say; i e are the prices reasonable, are quality places available at good times of the year...

tugbbs.com

I believe this trades through interval
Good Luck but proceed with caution

 

[CourtShorr]

Also, your 7500 has to pass ROFR at NCV.

We have an offer in at 7650 and were told that it's likely not to pass.

 

[Dean]

Hi! I really like the Marriott Newport Coast property and can buy a Platinum deed for approximately $7500 + closing costs. I can rent a July week for $2400 on Redweek and when you consider the $1370 annual maintenance, I would save approximately $1000 each year by buying instead of renting with a breakeven in approximately 9 years. Is this worth buying and am I missing something? Thanks for any input!

As noted, there are other costs and risks. It's likely that dues will go up faster than will rents. Not owning and renting also gives you a ton more flexibility. Still, if you'll go every year for NCV in the summer, can pay cash (with no consumer debt) and can plan 12-13 months out; I'd likely consider buying. As an owner you'll get better unit assignments at times. If you did decide to rent instead, I'd try to find someone to work with yearly.

 

[CourtShorr]

Gotcha - that's why people have advised me that I should buy TWO timeshare weeks? Yikes. I came up short on my first one.

There is a Newport Coast Villas week for sale on eBay right now and they note that the "Trading Company" Is RCI. Does this mean I wouldn't be able to get an Interval membership with this week?

MARRIOTT NEWPORT COAST VILLAS 2 BEDROOM ANNUAL TIMESHARE FOR SALE!! | eBay

MARRIOTT NEWPORT COAST VILLAS. Marriott Newport Coast Villas is set on a majestic, soaring bluff overlooking the pristine stretch of Laguna Beach and the Pacific Ocean. The two most common forms of usage are Annual (every year) and Biennial (every other year).

www.ebay.com

This is a gold week, not a platinum. Just wanted to point that out in case you are looking for summer weeks.

 

[MOXJO7282]

I've owned NCV since 2008 and have used them and rented them many times very easy at $2350 and with patience $2500+. I always list at the lower scale because i just want to flip it but I know others that go for max and they usually get $2500 if they get a good July week to rent.

 

[Sea2Snow]

I just picked up a MNCV July rental. The family I'm renting from are original owners with chairman member status. He said they would call 50 days prior to our check-in and request an ocean view. I'm hoping that their status might increase our ocean view chances.