If I purchase a fractional interest at Los Altos, do I own real estate? 

Yes. Ownership is evidenced by a privately titled and recorded real estate deed. You will own an undivided, deeded interest in one of our luxuriously appointed private Resort Condominiums. Fractional real estate is an actual investment that you may resell at any time where the property value has the potential to increase over time just like any property would.

What are the advantages of shared ownership? 

Shared ownership is the fastest growing segment of the luxury vacation home market around the world. The opportunity provides the ultimate vacation experience and all the benefits of real estate ownership without the typical responsibilities and financial burdens associated with traditional ownership. Shared ownership allows you to purchase a luxurious, elegant and larger vacation property for a fraction of the cost of whole-ownership. All costs and expenses are divided and shared amongst the owners rather than you carrying the financial burden by yourself.

Is Los Altos Beach Resort & Spa Shared Ownership a timeshare development? 

No. Unlike a typical timeshare, Los Altos offers actual deeded ownership of real estate.  Timesharing typically provides the right to use only a specific week or weeks, and lodging is limited to a specific unit. Los Altos doesn’t sell “weeks of vacation”. Instead, as an Owner you have access to all the Resort Units with unlimited usage in accordance with the Resorts Reservation Privileges.

How is my ownership evidenced? 

You will receive a deeded and recorded ownership interest in a particular Condominium Unit within the Ownership Category you choose along with an interest in the common areas and use of all the Units within the resort. 

Can I re-sell my Fractional Interest? 

Yes. You may sell your interest at any time either on your own, through any broker you choose or through the on-site sales team. The Seller does have a First Right of Refusal to repurchase any re-sales at the same price and on the same terms as an Owner is willing to sell to a third-party buyer. 

Do I have to stay the night to use the Resort Amenities? 

No.  Owners and Accompanied Guests have unlimited use of the Resort’s amenities and services (infinity-edge swimming pool, secluded beach, staff, fitness room & lockers, etc.). Owners and their Guests simply notify the Resort a day ahead of time and check in daily with Resort Management to register for unlimited day use. 

What if I want to vacation somewhere else? 

Los Altos has partnered with renowned 3RD HOME, an exclusive private home exchange company, so that Owners can trade their Advanced Reservations to enjoy over 850 luxurious homes, resorts and villas in some of the world’s best ski, golf, beach and urban locations.  

Do you offer a Rental Program? 

Yes. As an Owner you may offer your confirmed reservations back to the Resort to rent and then share in the gross rental income with the Resort Management.    

What costs are associated with Shared Ownership at Los Altos? 

In addition to the initial acquisition cost, you will share in the ongoing Operating Expenses 

including for example, utilities, property insurance, maintenance, general household and cleaning supplies, toiletries, the replacement of all furnishings as needed, security service, bookkeeping, and the Property Manager’s fee. All expenses are passed through to each Co-Owner on an equal and proportionate basis without markup. To be fair to Owners who don’t use the Resort as often as others, a nominal housekeeping fee will be charged for each night’s stay.