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Oceanique Valuation

D

Dave_R

newbie
Joined
Jan 9, 2026
Messages
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Resorts Owned
Oceanique
After twenty-some years, it is time to sell.
Oceanique is recently renovated, situation right on the beach with the Atlantic Ocean only steps away.
Everything is paid for. No mortgage. All current fees are paid. Floating week.
2 BR 2 BA sleeps six

What is a reasonable valuation?
Is anyone buying???
Best place to sell?

Thanks for all constructive suggestions.
 
Any valuation is likely to be close to $0. Does the property have an in-house resale department, newsletter or bulletin board where you can advertise your week for sale?
 
Unfortunately, no. It's a Capital Vacation property and they want a ridiculous 2 year pre-payment to take it off my hands.
 
If you were a member of TUG you could look in the Resort Reviews section and then the resales history for your resort. The last one to sell on TUG was a 2 bedroom for weeks 18-46 and that was in 2016. It sold for $500. but prices have really dropped so as dioxide45 said, it likely has a resale value of $0. now. You can post an ad in the Free Giveaways section in these forums, perhaps even with an incentive such as a cash card or pay next years maintenance fees. That will be cheaper in the long run than trying to sell it or just holding on to it. Another option is to search for an Oceanique owners group on Facebook (if you are a member) and post it there. Our resort has such a group and many owners have been able to sell their weeks that way to other owners looking for a 2nd week.

~Diane
 
I suspect it has negative value. Even the developer doesn't want it back unless you pay them to take it. YOu need to consider your options. You could keep paying maintenance fees for several years while refusing to pay two years of fees to get rid but that doesn't make sense because you will just pay more in the long run. The other option is to just stop paying.
 
I'm curious, how much are the maintenance fees? We're not wanting to acquire any more timeshares at this point, but it's a nice place. We just stayed there week before Xmas, in the south building facing slightly northward, and watched 3 rocket launches from the balcony. :)
 
Dave_R said:
After twenty-some years, it is time to sell.
Oceanique is recently renovated, situation right on the beach with the Atlantic Ocean only steps away.
Everything is paid for. No mortgage. All current fees are paid. Floating week.
2 BR 2 BA sleeps six

What is a reasonable valuation?
Is anyone buying???
Best place to sell?

Thanks for all constructive suggestions.
Click to expand...
There are no listings or completed listings on eBay.

Does this resort have a Facebook page for owners? Some who owns there might want another week.

I see it rents for about $1,400 a week in the summer. What are the maintenance fees?
 
This group has 1.2K members
www.facebook.com

Oceanique Resort | Indian Harbour Beach FL

Oceanique Resort, Indian Harbour Beach. 1,228 likes · 86 talking about this · 3,955 were here. A great place to vacation with your family, Oceanique Resort staff and owners make you feel welcome a
www.facebook.com www.facebook.com
 
Dave_R said:
It's a Capital Vacation property and they want a ridiculous 2 year pre-payment to take it off my hands.
Click to expand...
As someone suggested above, you could just stop paying anything altogether and let it go into default and foreclosure. But that would be an absolute last resort. If the resort's Homeowners' Association insists you pay two years of MFs, I would suggest telling it to take it back now amicably without prepaid MFs or you will let it go into default. It is much easier for the HOA to take it back like that rather than default and foreclosure.

And of course, the most important thing we here on TUG like to emphasize to owners in your situation is to not pay any of these exit/cancel companies or law firms to get you out of your TS.
 
If I were a prospective buyer, I would want to know if the statutorily required Structural Integrity Reserve Study has been conducted and if a copy of the results of the study were available.

Ths issue is not always whether the building will collapse (which has happened). Balconies are particularly vulnerable to damage from salt.
 
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