73 Rowland Drive in Chatham (Courtesy photo)
Top Producing Cape Cod agent Samantha Steward is partnering with industry leader Lifestyle Asset Group to launch innovative luxury real estate partnership offerings to benefit sellers, buyers and brokers on Cape Cod.
“This is an Equity Ownership Model that makes perfect sense for our luxury second home market,” notes Steward. Steward is looking to Lifestyle Asset Group Lifestyle Asset Group, a rapidly growing market innovator of luxury vacation homeownership as the smart solution for Cape Cod.
Lifestyle Asset Group creates exclusive real estate partnerships for families to affordably own luxurious second homes in exceptional destinations. Through a proven LLC structure, Lifestyle Asset Group assembles a small group of member/investors who share equally in the purchase costs and operating costs, providing the opportunity to own and enjoy a multi-million-dollar home.
“This works for a significant number of luxury properties on the Cape. We have sellers who spend little time here year-round yet maintain these costly properties. While potential buyers who love the Cape won’t buy a multi-million home only to spend maybe four to six weeks, a year here,” Steward explains. Co-listing the property with Steward is agent Rick Stone of Today Real Estate.
The first Lifestyle Asset Group Cape property is a newly built 3,414 square foot $2,750,000 Chatham vacation home on desirable Frost Fish Creek with spectacular water views https://lifestyleassetgroup.com/cape-cod/. Only six forward-thinking investors will have the opportunity to own a share in the LLC now being formed for this property. Take note the first investor has already made their initial reservation.
“In addition, Lifestyle Asset Group is looking for a few other select Cape Cod waterfront homes and properties on Martha’s Vineyard and Nantucket to offer thru our investor partnership model,” explains Eric Packer, Lifestyle Asset Group’s Senior Partner, New England/East Coast. “Interested owners/sellers or listing agents can contact me directly to discuss this possibility,” adds Packer who can be reached at: [email protected].
Take a look at the numbers to recognize the value Lifestyle Asset group ownership model offers: At the Chatham Bars Inn if you stayed the week of July 11-18, 2020 it would cost a family of 4 $1,745/night, assuming 2 adults and 2 children and two rooms, including 1 King bed master and 1 double queen room.
The tab for the total hotel stay; including taxes and fees is $14,422.24 for 7 nights.
Then add in eating out breakfast and lunch at Chatham’s pricey eateries and you’re looking at the total for food (not including lunches) and lodging at the Chatham Bars Inn at $15,900 for 7 nights.
“Compare that to the Luxury Asset Group’s Chatham partnership offering (as described above) for $2,750,000 for a 3,400 square foot 4 bedroom 6 bath private luxury home at about $19,500 for up to 8 weeks of use annually,” explains Richard Keith, Lifestyle Asset Group Senior Partner. That is a cost per night of only $348.
“Buyers can now own an interest in an extraordinary Cape property at a fraction of the cost and enjoy exactly the amount of time on the Cape they want to spend here,” said Steward. “This works perfectly for the growing Millennial market we are seeing coming here from New York and Connecticut,” Steward adds. In addition, this appeals to Baby Boomers from Metro Boston looking to Cape Cod.
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