Fractional Ownership Review: Homestead Preserve To Release Its First Charter Home
Homestead Preserve has released its first Charter Home, offering owners and prospective owners the first opportunity to have immediate access to an architecturally historic and fully furnished turnkey residence. The new Charter Home program debuts this month with the unveiling of Homestead Preserve’s first antique log cabin style home.
(READ THE REVIEW OF THIS FRACTIONAL OWNERSHIP RESORT DEVELOPMENT
IN OWNERS PERSPECTIVE MAGAZINE)
“Last year we conducted surveys of our prospective buyers,” says Homestead Preserve’s Director of Sales Ian McIlvaine, “and we found that over 40% of respondents didn’t plan to build at Homestead Preserve for at least five years.” Only a handful indicated they’d be ready to build immediately. Yet many of those who said they weren’t ready to build their second or retirement home right away would still like to enjoy the benefits of the Homestead Preserve lifestyle in the interim.
“That’s how we conceived the Charter Home program,” explains Homestead Preserve Co-General Manager Don Killoren. “We wanted to give our buyers what they were asking for—the opportunity to own at Homestead Preserve and experience the life here without the immediate expense and challenges of building.” The Charter Home program will also offer a more immediately affordable alternative to home construction at the internationally recognized resort community through an equity membership in the Charter Home Club.
The first Charter Home as well as the second, scheduled for completion by fall, are both part of Homestead Preserve’s new antique log cabin style series, which makes use of reclaimed oak from abandoned historic structures in West Virginia and Ohio as well as common fieldstone. “The antique log cabin style gives us the opportunity to pay homage to the pioneers who first settled Bath County,” says Construction Supervisor John Airgood, “while also allowing us to continue our environmental commitment through reusing already existing lumber and native materials.”
Homestead Preserve developers Charles Adams and partner Don Killoren were instrumental in the design and development of Celebration, Florida, near Orlando, which was hailed as the “Most Advanced Community in the Country from 1996-1998” by The Guinness Book of World Records. Crosland, Inc. of Charlotte, NC is a financial partner in Homestead Preserve, and Crosland’s President and CEO Todd Mansfield was also directly involved in the development and success of Celebration, Florida. Crosland, Inc. is one of the Southeast’s leading and most diversified real estate companies.
To receive a tour of the first Charter Home at Homestead Preserve with a sales specialist, please call 877-224-9477.
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