Minimize Stress. Maximize Joy.
Experience the best of both worlds in vacation home ownership.
Experience the best of both worlds in vacation home ownership.
Imagine your vacation home, always ready for your arrival. Full of all the comforts of home plus the special extras that round out a perfect beach vacation. Gone are the days of booking a rental and hoping the location and amenities are as described, or lugging all the extras as you travel. Dedicated owner storage means your belongings ar
Imagine your vacation home, always ready for your arrival. Full of all the comforts of home plus the special extras that round out a perfect beach vacation. Gone are the days of booking a rental and hoping the location and amenities are as described, or lugging all the extras as you travel. Dedicated owner storage means your belongings are waiting for you to arrive. You enjoy your time there without squeezing in minor maintenance tasks, mentally noting needed property repairs or meeting with service providers. You leave knowing the home will be clean and ready for your next visit without you having to stress. We believe this is truly experiencing the best of both worlds in vacation home ownership. We aim to group owners with similar wants and budgets together and then identify a property. We are currently assembling our initial group of owners and hope to launch the first home in the summer of 2024.
Do you currently own a vacation home but are looking to make things easier? We will work with current owners to fractionalize their properties. Fractional vacation home ownership is not a new model but is one that has recently been gaining increased popularity. Additionally, in this model all the care and maintenance of the property are t
Do you currently own a vacation home but are looking to make things easier? We will work with current owners to fractionalize their properties. Fractional vacation home ownership is not a new model but is one that has recently been gaining increased popularity. Additionally, in this model all the care and maintenance of the property are taken care of, allowing owners to more fully enjoy their time in the home without those responsibilities. Whether you currently have your home on the short term rental market or if you only utilize it for a portion of the year, we know there are challenges. Perhaps you’ve enjoyed your home for many years, but have entered a new season of life, and no longer utilize it like you anticipated in a different season of life. This is the chance to move away from some of the not so fun parts of second home ownership while fully leaning into the enjoyable parts.
When our family began visiting Port St Joe and the surrounding area several years ago, we immediately fell in love with the laid back community and knew it was THE place we’d been looking for to put down some more permanent beach roots. Initially, we thought traditional vacation home ownership was what we would pursue as there were a lot
When our family began visiting Port St Joe and the surrounding area several years ago, we immediately fell in love with the laid back community and knew it was THE place we’d been looking for to put down some more permanent beach roots. Initially, we thought traditional vacation home ownership was what we would pursue as there were a lot of enjoyable aspects to that adventure. However, we soon realized we did not want to incur all the risk and responsibility for a home we were only using a portion of the year. But we also did not want to be completely reliant on the short term rental market which in addition to being unpredictable can bring a lot of wear and tear to a home. In our opinion, both of those considerations took away part of the joy that owning a vacation home would bring. Then, the idea of Magnolia Waves was born with the intent of creating a collective of like minded owners. Our goal is to launch the first property in summer 2024 and we'd love for you to join us!
Please reach out to us at info.magnoliawaves@gmail.com if you cannot find an answer to your question.
In fractional ownership the cost of purchasing and maintaining a second home is shared between owners. Additionally, in our ownership model all of the property maintenance, care and management is handled by us. This means, you can relax and truly enjoy your time at your home away from home. Plus, the freedom to travel to other areas isn’t clouded by guilt or responsibility of full ownership.
At time of purchase, each home is placed in a limited liability corporation of which each owner is an equal member. We don't move forward on a home until all owners are in place.
No, in a timeshare you don’t really own anything other than the right to use a property. In fractional ownership, you own a portion of a specific house. The model is also more straightforward in exit strategy, you can sell your portion of the house pretty simply.
We think 8 owners is a great balance which means each owner gets 45 days per year. If you want more time you could consider purchasing a second share or becoming an owner in an additional property.
Yes, just as with any vacation home there is a cost of ownership. With fractional ownership, this cost is obviously much less than being a sole owner. Yearly dues include taxes, utilities, insurance, and other ongoing care for the home. Homes and decor will be kept up to date and in excellent condition. A Repair and Replacement Fund is established for each home at time of purchase, this fund provides an initial nest egg for the home’s needs and is supplemented every year by dues.
Shares start around $80K and go up from there. Each of our home purchases are cash only. The property never carries debt. Owners can leverage other personal assets to obtain cash but not loan against the vacation property.
We consider a variety of factors such as cost of ownership, location, amenities and current condition. However, prospective owner interest is a primary factor.
GIve us a call or send us a text at 850-296-9454 to set up a time to talk.
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