BEAUFORT, N.C. (September 3, 2009)—Richard Stockett, North Carolina residential developer for 27 years, announces today the opening of the sales office for MainSail of Beaufort (www.mainsailofbeaufort.com), a Southern Star Community. The vacation townhome development is offering co-ownership.
Co-ownership is MainSail's version of fractional ownership, a growing trend in second and vacation home properties. The MainSail model limits ownership to 10 per townhome. This guarantees each deed holder a minimum of five weeks of use, 25 percent more usage than other similar properties in North Carolina. Co-ownership can be financed through multiple means and comes with a general warranty deed that can be sold, mortgaged or willed to heirs, independent of other owners. In addition, co-ownership has traditionally followed local real estate in appreciation of property value.
"Looking at the best ways to move coastal development projects forward in the tightened economy, co-ownership is appealing because of the affordability to the buyer," says Stockett. "Other similar products on the market tend not to provide the depth of management and usage programs that MainSail does. That is why I coined the phrase co-ownership, to differentiate MainSail from other, less comprehensive offerings."
MainSail townhomes are three-story, 1,925 square-foot homes with three bedrooms, three bathrooms, a roof top terrace, two decks, two porches, large two-car garages and an elevator in each unit. On-site amenities include a large pool, hot tub, cabana, clubhouse with fitness room, spa facilities, a large gathering room, and a full-service concierge. The development is located just minutes from the Town Creek Marina, offers a neighborhood community pier, and is within walking distance to restaurants and shopping district on Front Street.
Construction of the townhomes is planned for late 2009 to allow for occupation by May 2010. The new on-site sales office features a view from the rooftop terrace so prospective buyers can get a feel for the vistas and privacy each unit offers. Bluewater-GMAC Real Estate serves as the on-site agent and can be reached by calling Eleanor Copeland at (252) 504-3334 or visiting www.mainsailofbeaufort.com. In addition, preferred agents are being identified across the state and will be trained on the unique advantages of co-ownership.
About MainSail of Beaufort:
MainSail of Beaufort is a Southern Star Community located in Beaufort, North Carolina. MainSail townhomes offer buyers an outstanding vacation experience and lifestyle in a manner that cannot be found elsewhere in coastal North Carolina. MainSail is conveniently located within walking distance of Beaufort's Front Street restaurants, shopping district and the Town Creek Marina. The new development's charm and amenities combined with the hassle-free and affordable co-ownership structure make MainSail a unique, one-time opportunity. Visit www.mainsailofbeaufort.com for more information.
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