Whole & Fractional Resort Units for Sale

Looking to purchase a resort unit? Browse our whole ownership and fractional listings.

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Glengarda Cottage
Whole Unit

Glengarda Cottage

Villa Maria
Unit Sold
29904 County 2 Blvd, Frontenac, MN 55026
Two-Bedroom Condominium
Whole Unit

Two-Bedroom Condominium

Burlington Bay
4 Units Sold
1412 Burlington Rd, Two Harbors, MN 55616
Three-Bedroom Condominium
Whole Unit

Three-Bedroom Condominium

Burlington Bay
3 Units Sold
1412 Burlington Rd, Two Harbors, MN 55616
Two-Bedroom Condominium
Fractional Unit

Two-Bedroom Condominium

Burlington Bay
4 Fractional Units Sold
1412 Burlington Rd, Two Harbors, MN 55616
Three-Bedroom Lake Home
Fractional Unit

Three-Bedroom Lake Home

Superior Shores
2 Fractional Units Sold
1621-71 Superior Shores Dr, Two Harbors, MN 55616
Two-Bedroom Lake Home
Whole Unit

Two-Bedroom Lake Home

Superior Shores
1 Unit Sold
1621-71 Superior Shores Dr, Two Harbors, MN 55616
Studio Bedroom Lake Home
Fractional Unit

Studio Bedroom Lake Home

Superior Shores
3 Fractional Units Sold
1621-71 Superior Shores Dr, Two Harbors, MN 55616
Fractional Ownership

True Real Estate Ownership

In many cases, buyers are able to purchase the amount of ownership that meets their needs, typically starting at 1/8. In this scenario, each unit has a maximum of eight owners, and the resort does not retain any ownership once the unit has been fully sold. It is true real estate ownership, not a timeshare.

In most cases the resort professionally manages the home, handling design, turnover, bookings, maintenance, bill payment, repairs, taxes, and more.

Burlington Bay condominium
Fractional Ownership

Common Questions

How does co-ownership work?

You purchase the amount of ownership that works for you, typically starting at ⅛. In this scenario, each unit has a maximum of eight owners, and the resort does not retain any ownership once the unit has been fully sold. It is true real estate ownership, not a timeshare.

Why choose co-ownership?

By choosing co-ownership, you can enjoy a luxury property at a fraction of the cost of purchasing a property alone. Plus, your home comes fully furnished, professionally designed, and all exterior maintenance is handled for you, so you can skip the hassle.

Do I really have ownership in the unit?

Yes. Your name is on the deed, and ownership of your share of the property can be sold, transferred to a family member, etc.

Does my share increase in value if the home appreciates in value?

Yes, as a true owner, any equity gains realized are yours. 

What if I want to sell my ownership in the unit?

You can sell at any time at a price of your choosing.

How do I schedule time to use the home?

Typically there is a rotating weekly schedule where each owner gets the right to use the property for one week straight out of every 8 weeks (in the 1/8 share model). This schedule rotates all year long so there is no fighting over dates.

Does this purchase work like a regular real estate transaction?

Yes. The legal forms and closing process are similar to a standard home purchase.

Who furnishes the home?

This depends on the resort.

What if a co-owner misses a payment or gets behind on their bills?

Typically management will assume financial responsibility if an owner defaults on payments. This is one of the benefits of the co-ownership program.

Who will be responsible for common area and home maintenance?

These items and much more will be taken care of by the Association.