The real estate market at West Virginia’s Snowshoe Mountain Resort continues to be robust, as documented recently on DCSki. With the cost of new condos now climbing above $300,000 at the resort, a local company has started offering fractional ownership to lower the cost of entry to Snowshoe’s burgeoning real estate market.
Reston, Virginia-based MountainFractional Properties has begun selling a limited number of 1/4 shares in luxury condominiums at the top of Snowshoe Mountain. Fractional shares allow multiple parties to share ownership of a condo. The fully deeded and transferable fractional shares entitle the owner to a percentage use of the condo, along with the ability to enlist the condo in a rental or management program.
Fractional shares have become a popular ownership option at western resorts, and are now beginning to become available in the east.
MountainFractional Properties will be offering 1/4 shares at Snowshoe’s new Allegheny Springs luxury condominium development, which has amenities such as valet parking, concierge services, in-room broadband internet access, a fitness center, hot tubs, and a heated outdoor pool, located in the heart of the mountaintop Snowshoe Village. A fully-furnished 1-bedroom quarter share will be sold for $89,450, the company reports, providing an owner with access to the condo 13 weeks of each year.
“We are very excited to be able to provide an alternative to the traditional options currently available at Snowshoe,” explained Charles Lobsenz, the managing member of MountainFractional. He added that the fractional ownership opportunity will allow buyers to participate in the upside of Snowshoe with a much smaller investment.
For more information, visit www.mountainfractional.com or send e-mail to firstname.lastname@example.org.
M. Scott Smith is the founder and Editor of DCSki. Scott loves outdoor activities such as camping, hiking, kayaking, skiing, and mountain biking. He is an avid photographer and writer.