Shares In Homes: Fractional Ownership
Fractional ownership is often a more manageable option for owning a beach house on the island. The expenses (dues, insurance, maintenance, taxes) are shared among up to four partners who set their dates of usage in advance. Homes are usually in a partnership or LLC, and most are financed through means OTHER than a conventional mortgage. In fact, operating agreements for most partnerships specifically prohibit using the partnership as collateral for a home. Click here for more information about the ways Dewees Island fractional ownership shares work. Scroll to the bottom of the page to see which fractional shares are currently available:
Call or email Judy Drew Fairchild 843-259-1713 • Judy@DeweesRealEstate.com
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