Private Residence Club

Beachfront Fractional Ownership

The majority of residences at The Palms are offered as whole ownership with rental income opportunities. There is however, a limited selection of Private Residence Club interests still available in residence #16.

Private Residence Club ownership offers the same deeded, beachfront ownership as our other privately-owned residences, with a more bite-sized ownership opportunity for those who choose to dip their toe in the water first.

Owners receive a deeded 1/10^th interest in their luxuriously furnished residence and also benefit from the The Palms services, amenities and global reciprocity for a fraction of the price of whole ownership.

FAQs

A Flexible Ownership Model

If I purchase at the Club, do I own real estate?

Yes. Ownership is evidenced by a real estate deed, which is extremely rare for oceanfront property in Costa Rica. Less than 5% of Costa Rica’s coastline is privately titled property. These other properties can only be leased from the government through a Concession Agreement, which does not provide the benefits of private property ownership. The opportunity to own privately titled beachfront property along Costa Rica’s beautiful Gold Coast of Guanacaste is extremely rare and valuable.

Each Club owner is conveyed a one-tenth (1/10^th) undivided, fee simple deeded interest in one of the Club’s fully furnished Residences. Like other real estate, ownership may be sold, willed or transferred at any time.

What are the advantages of Private Residence Club ownership?

The innovative Residence Club concept provides the ultimate vacation experience and the benefits of real estate ownership while reducing the responsibilities and financial burdens associated with traditional ownership. The Palms Private Residence Club has been created for those who desire a worry-free Costa Rican home with hotel-style services and amenities.

Have Residence Clubs been developed at other prestigious locations?

Yes. Residence Clubs are well established at many other premier ski, beach, golf and urban destinations throughout North America, including Aspen and Vail, Colorado; Deer Valley, Utah; Napa Valley, Lake Tahoe and La Quinta, California; New York City; Bermuda and Mexico. More recently, the Club concept has been established in Europe including Florence, Italy and in rural Tuscany. Each of these Residence Clubs is operated much like The Palms.

As a Residence Club Owner, how often can I vacation at the Club?

Owners can vacation at The Palms as often as they wish, in accordance with the Club’s generous and flexible reservation privileges. The Residence Club is operated much like a prestigious equity golf country club where there is no limit on use. If some owners visit their Club less often, other owners can visit more. As an Owner, you have the flexibility of reserving vacations well in advance as well as booking additional space available and short-notice vacations whenever available.

How many Residence Club ownerships will be sold?

The Palms will offer a maximum of just ten (10) ownerships in only one Club Residence, #16.

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