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Time
Share Information
You owe it to yourself to
find out about the
revolutionary trend in vacation ownership called
Vacation Timesharing, and why hundreds of vacationers from all over
North America are becoming owners at the Pinestead-Reef Resort.
What is Vacation
Timesharing?
Simply put, it is your
ability to own a luxury, fully furnished resort condominium
for a week or more every year, for a lifetime. Your resort
condominium is yours to use, rent, sell or exchange and can
become a valuable asset in your estate.
Pinestead Reef is affiliated with
Resort
Condominiums International (RCI)
which offers you the opportunity to exchange your time at
Pinestead Reef for one of more than 3,800 other
affiliated resorts around the world. Through RCI you are
also eligible to utilize their travel services, providing
members with incredible travel discounts.
Timeshare
Innovation at Pinestead Reef
Pinestead Reef has been a timeshare resort since 1979. The
resort is owned by the Pinestead Reef Owner's Association, which consists
of all the owners at the resort, and is managed and operated by a
nine member, owner-elected Board of Directors. There is no
developer/owner associated with Pinestead Reef - the Owner's Association makes all the operating decisions!
Just like home, Pinestead Reef has
financial obligations. Each owner pays their share of the overall
annual operating expenses in the form of an annual fee.
The annual fee is all-inclusive, meaning there are no additional billings for
property taxes, etc. like at some resorts. Over the past sixteen years the fees have increased at an
annual rate of
only 2.9% per
year. The current annual fees are: Studio - $352; One Bedroom
- $399; Two Bedroom - $472; Two Bedroom Deluxe - $535; Three
Bedroom Deluxe - $535. From time to time, on the recommendation
of the Board of Directors, a special assessment may be required to
undertake and complete major capital improvement projects. Special assessments must be voted on and approved by a
majority vote of
the Owner's Association members.
Fixed Weeks vs. Flex Weeks:
There are two forms of ownership at Pinestead Reef: Fixed
time & Flex time. With Fixed time you own a
specific week, starting on Sunday and ending the following Sunday.
This week number will never change. Your options include using the week yourself, allowing friends or
relatives to use your week, exchanging your week for time at another
resort, or renting the week out. With Flex
time you have the exact same options as a fixed week. In addition, you have
the freedom to use your seven days in increments of time, ranging from
one night to seven nights at a time, subject to availability, during the flex "season." Click
here for more Flex Information.
Exchanging Your Week with RCI
An annual fee of $89
gains you membership with RCI (Note: you do not need to join RCI
to own at Pinestead Reef). With your membership you will have
access to over 3,800 affiliated resorts worldwide, listed in an
annual, full-color resort directory which will be mailed to you.
In addition to the annual RCI membership fee, each time you exchange
your week there is an exchange fee.
RCI resorts have condominium style units like the ones at Pinestead
Reef, not your typical hotel or motel unit. Your membership also
entitles you to discounts on travel accommodations, car rentals,
cruises, theme park tickets, etc. through Endless Vacation Travel, RCI's travel agency.
For more information on RCI or becoming a
member, click here.
Own a Piece
of the Reef! Click Here!
Thank you for taking time to learn more about timesharing and Pinestead
Reef Resort. We hope this information has addressed some of your
questions, but of course, if you have any other questions that have not
been addressed we would like to hear from you.
For Sales Listings, Purchases or Questions:
For RCI Information, Questions & Memberships:
| Member Services: |
800-338-7777 |
| Internet: |
http://www.rci.com |
| RCI Travel Agency: |
800-654-5000 |
For General Information about Pinestead Reef:
Pinestead-Reef
Resort
1265 US 31 North
Traverse City, MI 49686
PHONE: (231) 947-4010
FAX: (231) 947-0255
1-800-968-1302 | pinesteadreef@pinestead.com
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