FractionalOwnership

Estate of the Day: Turks and Caicos

Filed under: Estates, Real Estate Developments

Fantasy island-wise, they had me at "Turks and Caicos" -- islands in the British West Indies that I visited in my youth and now fearfully refuse to return to lest they have changed. Then lo and behold, into my inbox comes this: A chance to own -- at least partially -- the 12,000-square-foot Coral House estate that sits squarely on Grace Bay Beach, voted by Conde Nast Traveler as one of the top 10 beaches in the world. My heart be still.

The luxury residence, which sits on nearly an acre of white powdery sand, has five bedrooms, two living rooms, a family room with a large flat screen TV and a library for all that mindless beach-reading you'll want to do.

But the devil -- the one who could lure me back to the Turks -- is in the details: The home has stunning coral render flooring with glass tile inlays, Brazilian hardwood doors, antique wrought-iron gates imported from Saudi Arabia, France and Egypt and furnished with antiques and one-of-a-kind designer pieces.

The estate is being sold in fractional interests, starting at $1.1 million for four weeks of use. Since we're fantasizing here, we won't get bogged down in the fine print, but basically 13 shares are being offered which guarantee four weeks of use a year and the opportunity to trade usage in other Elan Collection properties if desired.

The residence, constructed from coral stone blocks imported from Barbados, features an outdoor covered breakfast nook and an outdoor beachfront dining pergola with an area for a table setting of 30. There is a one-bedroom guest cottage with its own pool and garden and separate two-bedroom staff quarters. The central courtyard is filled with mature giant frangipani trees, bougainvillea, ferns and other lush landscaping. For those who misplaced their atlas, the Turks and Caicos are a territory of the United Kingdom consisting of two groups of more than 40 islands and cays, eight of which are inhabited. The island chain is known for its pristine white sand beaches, turquoise waters and legendary diving, snorkeling and fishing activities

Gallery: Turks and Caicos, Estate of the Day

Tags: estate of the day, EstateOfTheDay, fractional, fractional ownership, fractional real estate, FractionalOwnership, FractionalRealEstate, turks and caicos, TurksAndCaicos

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Flexjet Nabs Honors in Robb Report

by Tom Johansmeyer (RSS feed) —

Filed under: Luxury Travel & Hotels

Fractional jet firm Flexjet picked up props from the Robb Report in its 21st "Best of the Best" issue last month. A great way to keep the prolies away when you travel, this Bombardier-backed company offers "debit cards" for private jet access, so you can buy what you need rather than take on the hefty burden of maintaining your own bird. Both the Flexjet 25 Jet Card and Bombardier Skyjet program got nods from the magazine beloved by the world's wealthy.

Fred Reid, President of Flexjet and Skyjet, was obviously psyched about the results, saying, "By offering a full range of award-winning aviation solutions – from whole aircraft management through our Flexjet One program to fractional jet ownership, jet cards and charter – we are uniquely positioned to help companies and individuals best meet their changing needs."

A few new programs have been announced to give jetsetters more options. The revamped ""Walk Away Lease" program comes with a lot of the perks of fractional ownership ... but you can ditch it with only 90 days notice. And, roundtrip travel comes with a 15 percent discount.

The Flexjet 25 Jet Card is available in 25-, 30- and 35-hour increments and allows card-owners to choose how many days they want access: 275, 325, 355 or 365.

Tags: aviation, fractional jet seat ownership, fractional ownership, FractionalJetSeatOwnership, FractionalOwnership, private jet, PrivateJet