This is a unique opportunity to own a brand new three- or four-bedroom home in Mammoth Lakes. The Villas at Obsidian feature new construction with a completion date of April/May 2020. These luxury, full ownership townhomes are on the 10th Fairway of Sierra Star Golf Course.

Surrounded by the natural splendor of Mammoth Lakes, The Villas are located within a private gated community right in the heart of year-round activities, just minutes from The Village at Mammoth and ski lift/gondola access.

Exclusive to other homes built in Mammoth Lakes is the contemporary mountain design of these townhomes. Interiors include wood accents, flagstone with hydronic flooring, natural stone finishes with an open floor plan for entertaining friends and family. Each villa also has a large outdoor covered deck with BBQ and an optional jacuzzi. Each unit has a private two-car garage. Prices start at $1,250,000.

Contact me to learn more.

If you’re just learning about real estate in Mammoth Lakes, the terms can leave your head spinning. “Fractional ownership” is one that trips my clients up a lot. Often the term “Private Residence Club” is used in place of the word fractional.

Fractional ownership lets individuals buy partial ownership of properties in resort areas. These are usually high-end properties in places like golf courses, ski areas or beach communities. Fractional ownerships are usually divided into fourths, sixths or eighths with each owner having an equal number of days to use the unit.

Fractional Ownership vs. Timeshares

So… it’s a timeshare? Not quite. With a timeshare, you buy the right to use a certain period of time (not usually flexible), but with fractional ownership you’re buying real estate with more usage available and more flexibility in scheduling your visit. You’ll have a deeded piece of luxury real estate that you can sell, transfer or trade like regular real estate.

Fractional ownership is usually more expensive than a typical timeshare, though it’s still a lot less expensive than buying a whole luxury home in the same location. Depending on the property, most fractional developments have similar amenities to a first-class hotel — a concierge, housekeeping, ground transportation, grocery shopping services, etc. All types of homes can have fractional ownership… hotel suites, cabins, townhouses or detached homes.

Fractional Ownership Properties in Mammoth Lakes

In Mammoth Lakes, there a few fractional properties. 80|50 Mammoth is the largest and most popular. Named for the elevation of the project, 80|50 boasts gondola access to the ski resort and offers fractional ownership for one-, two- or three-bedroom elegant condos. Obsidian is the other fractional property in Mammoth Lakes with 1/6th fractional ownership in 5,000-square-foot luxury homes on Sierra Star Golf Course. Not considered luxury, Mammoth Ski & Racquet Club also has a few fractional ownerships available.

 

Fractional ownership isn’t for everyone, but if you’re looking for a Mammoth Lakes condo or home to use four to eight weeks out of the year and want a high-end property, it’s a great option to consider.

For more information on buying a home in Mammoth Lakes, check out my Ultimate Home Buyer’s Guide. Give me a call to talk: (760) 914-4664.

We use cookies and tracking technology in connection with your activities on our website. By viewing and using our website, you consent to our use of cookies and tracking technology in accordance with our Privacy Policy.