Living in Paradise Bermuda's New Fractional Developments Make Ownership on the Island a Reality
By Jan Yerzik
Bermuda's real estate market continues to be strong. Highly restricted supply and increased demand are driving up prices, making fractional ownership an attractive solution for people who dream of owning a vacation home on the island. As of December 2007, 12 houses starting at $4.8 million and 10 condos with an average price tag of $2 million are the only real estate properties available for non-Bermudians to purchase, according to Rego Sotheby's International Realty. A government policy enacted in 2005 severely restricts the amount of real estate sold to foreigners, thus drastically limiting the supply of vacation homes available on the island.
"Right now, there's an incredibly limited supply of real estate in Bermuda," explains Buddy Rego of Rego Sotheby's International Realty. "Locals are not able to sell property to non-Bermudians. Luxury fractional properties fill a niche. They're selling to people who want a vacation home in Bermuda but don't want the multimillion-dollar price tag."
Residence clubs are also ideal for those who wish to spend time at their home but don't want the hassles of maintenance, security and insurance costs associated with whole ownership properties.
The Reefs hotel introduced a new standard of hospitality to the island. Now the resort is making this famed lifestyle available for ownership. The Reefs Club, adjacent to the renowned resort, will afford people who have enjoyed The Reefs' warm hospitality year after year the opportunity to own a home above the same secluded beach.
The Reefs Club will offer fully furnished two- and three-bedroom residences with unobstructed ocean views, just steps away from restaurants, a private pink-sand beach and world-class diving and snorkelling. There is also an owners' lounge, infinity-edge pool, spa and rooftop putting green with dramatic ocean views. A dedicated concierge is available to coordinate dinner reservations, golf tee times and on-site spa appointments. Owners can take advantage of personal storage for golf clubs or beach and diving gear, allowing for more convenient travel. Ownership at The Reefs Club starts at $345,000. The Reefs is a member of the Elite Alliance — an exchange program offering owners luxury beach, ski and golf vacations at other Equity Residence ClubSM developments around the world. Members may use their residences as often as they wish, subject to availability.
Tucker's Point Club is the first combined luxury resort, private club and residential community in Bermuda. Situated on 200 acres of rolling hills in Tucker's Town, it offers town houses, estate homes and the island's first private residence club.
Tucker's Point presents two-, three- and four-bedroom villas overlooking picturesque Harrington Sound, Castle Harbour and the Championship Golf Course. Featuring Bermudian cottage-style construction, The Residence Club Villas have large verandas and are beautifully appointed with luxurious furnishings. Two-bedrooms are priced at $340,000, whilst three-bedrooms sell for $400,000. Owners receive full membership in the Tucker's Point Golf, Beach & Tennis Club and access to the private Beach Club and Golf Clubhouse. Upon completion of the new hotel, owners will have use of a new, state-of-the-art spa.
The Newstead Belmont Hills Golf Resort & Spa is one of Bermuda's newest full-service resort destinations, offering suite ownership with the advantages of four-star service. Amenities include an 18-hole golf course, a world-class spa and fitness centre, tennis facilities, infinity-edge heated pool, two restaurants, dedicated concierge service, and housekeeping and bell service. It's located on Hamilton Harbour, with spectacular views of Hamilton and surrounding areas. It combines traditional Bermudian architecture with modern features, keeping the old-world charm of a small boutique hotel and cottage community.
Newstead offers a limited number of one-, two- and three-bedroom suites. Owners can purchase a one-sixth deeded interest in the suite of their choice and are entitled to eight weeks of usage per year based on a fixed rotating schedule. Depending on suite size, prices range from $129,000 to $360,000.
Ariel Sands Residence Club Hotel and Spa in Devonshire will be one of the finest privately owned luxury resorts in the world, offering its residents and guests the service and amenities of a five-star hotel. There will be 10 three-storey buildings featuring a total of 60 residences, including two- and three-bedroom options. The development will also feature 10 luxury hotel rooms; a luxurious spa; world-class restaurant; fitness centre; walking paths; a main clubhouse with a roof terrace for special events, arcade and lobby bar; infinity edge pool, indoor pool and kids pool; a private beach; and tennis facilities.
These new developments offer owners deeded real estate that can be sold, willed or placed in a trust like any other form of real estate. Thanks to fractional ownership, there is now a more affordable, hassle-free way to own a second home in paradise. For more information, visit www.reefsclub.com, www.tuckerspoint.com, www.newsteadbelmonthills.com and www.arielsands.com.
Book now and celebrate with hotel credits of up to $400 for travel through March 31, 2009. Plus get a 400 Anniversary Passport for additional savings of up to $1000 on island.
Make your Bermuda trip even more memorable with dolphins! Dolphin Quest offers fun, interactive dolphin encounter programs for all. Book your adventure today!
Have a fun-filled vacation with a cycle from Oleander. If you can ride a bicycle, you can easily ride an Oleander scooter. See all of Bermuda...reserve one today!
ExperienceBermuda.com The official web site of the
Bermuda Hotel Association. Copyright 2003/08, HCP/Aboard Publishing, a division of Aboard Publishing, Inc., and subsidiary of The McClatchy Company.
Bermuda's real estate market continues to be strong. Highly restricted supply and increased demand are driving up prices, making fractional ownership an attractive solution for people who dream of owning a vacation home on the island. As of December 2007, 12 houses starting at $4.8 million and 10 condos with an average price tag of $2 million are the only real estate properties available for non-Bermudians to purchase, according to Rego Sotheby's International Realty. A government policy enacted in 2005 severely restricts the amount of real estate sold to foreigners, thus drastically limiting the supply of vacation homes available on the island. 
The Reefs Club will offer fully furnished two- and three-bedroom residences with unobstructed ocean views, just steps away from restaurants, a private pink-sand beach and world-class diving and snorkelling. There is also an owners' lounge, infinity-edge pool, spa and rooftop putting green with dramatic ocean views. A dedicated concierge is available to coordinate dinner reservations, golf tee times and on-site spa appointments. Owners can take advantage of personal storage for golf clubs or beach and diving gear, allowing for more convenient travel. Ownership at The Reefs Club starts at $345,000. The Reefs is a member of the Elite Alliance — an exchange program offering owners luxury beach, ski and golf vacations at other Equity Residence ClubSM developments around the world. Members may use their residences as often as they wish, subject to availability. 
Ariel Sands Residence Club Hotel and Spa in Devonshire will be one of the finest privately owned luxury resorts in the world, offering its residents and guests the service and amenities of a five-star hotel. There will be 10 three-storey buildings featuring a total of 60 residences, including two- and three-bedroom options. The development will also feature 10 luxury hotel rooms; a luxurious spa; world-class restaurant; fitness centre; walking paths; a main clubhouse with a roof terrace for special events, arcade and lobby bar; infinity edge pool, indoor pool and kids pool; a private beach; and tennis facilities.
Book now and celebrate with hotel credits of up to $400 for travel through March 31, 2009. Plus get a 400 Anniversary Passport for additional savings of up to $1000 on island.
Make your Bermuda trip even more memorable with dolphins! Dolphin Quest offers fun, interactive dolphin encounter programs for all. Book your adventure today!
Have a fun-filled vacation with a cycle from Oleander. If you can ride a bicycle, you can easily ride an Oleander scooter. See all of Bermuda...reserve one today! 
