People coming long distances typically fly in to Portland International Airport (PDX) and then rent a car to drive to the coast. From PDX, the trip to Pacific City takes approximately two hours on well-marked freeways, highways and roads. Please click the Google Maps link on our Contact page for detailed driving information.
Fractional ownership means owning an undivided interest in real estate by owning a percentage of real estate, not the whole. The Cottages are sold in three-week fractional interests, providing for three weeks of use per year. At the time of purchase, the unit you choose is the same unit you would always come back to. You would have one primary (fixed) week per year in the high season, and the other two weeks (mid season and winter season) would be scheduled annually with owners having priority choices for their weeks on a rotating basis.
No, most "timeshare" projects are quite different from "fractional ownership" properties. When purchasing a typical timeshare, you may be purchasing only the right to stay (usually one week) at a particular vacation destination; a specific unit is normally not guaranteed; and sometimes a timeshare does not include deeded interest in the real estate. Fractional ownership normally does provide deeded interest in the real estate, with ownership in a particular unit, and usually is a larger ownership than one week.
An undivided interest in Tax Lot 1501 including the building and furnishings. The percentage of interest you own will depend on how many shares you purchase, as well as the size of unit you choose.
Prices vary depending on the unit size and the timing of the primary (fixed) week.
The Owner Fees for 2015 vary between $3,041 and $3,991 per year, depending on the size of unit. All expenses, including reserves, are budgeted annually. These costs are then split among the owners, according to their ownership percentage, and are paid annually. The units are professionally managed and every detail is taken care of for you, including maintenance, housekeeping, replacement of items, utilities, property taxes, insurance, and concierge services.
There is a 2-bedroom floor plan at approximately 985 square feet, a 3-bedroom floor plan at approximately 1150 square feet, and the largest floor plan is a 3-bedroom grand at approximately 1350 square feet.
You can let family or friends use it (you must call ahead of time to let management know who is coming); you can trade it with another owner (your concierge will assist with trading); you can deposit it into an exchange affiliation (Interval International) and go to another resort location; or you can rent it out (the management company can take care of this for you.)
Rip rap (very large rocks) has been placed at the toe of the slope below and west of The Cottages, which was designed by an engineering geologist, to protect the property from wave attack.
It's a sheet piling wall that retains the upper slope of the property. The sheet piling is steel in which a protection system (Cathodic Protection) is running a very small amount of electrical current through the metal, to inhibit corrosion.
The Kiwanda Lodge is planned to be 35 oceanfront boutique hotel rooms, all with fireplaces, spa tubs and balconies. Also planned are an indoor pool and exercise area on the lower level of the lobby building, with Lobby and Fireside Gathering Room on the upper level of the building. Construction of the Lodge is not guaranteed, but is planned to be completed within the next couple of years.
Yes. Short term and long term financing is available for purchasers. Rate and payments will depend upon the term chosen.