Tallus Private Residence Club - Fractional Ownership
3/15/2007 Update at Coldwell Banker Mammoth sales office
Tallus Sales and Construction Update
- Construction: Phase I (completed Summer 07) - 4 homes completed; 5 in final stages of construction. Phase 2 - 10 homes - construction in 2008.
- Sales: Prospect and owners who have stayed at the project are very enthusiastic, lead generation is growing steadily, Destination Club Properties is no longer involved.
Tallus Owner Testimonials
First and foremost, WOW. I have been going to Mammoth since the 1969 season. My stay last weekend is the best I have ever experienced and we are so happy about Tallus we cannot put into words. - Scott and Ann Ramser, Newport Beach, CA
Gail and I vacation all over the world an dsince coming to Tallus we have fallen in love with Mammoth! We never expected our second home to include an indoor swimming pool, a fitness center, concierge, and private transportation in a Mercedes coach. They even do our shopping at Von’s! - Sam Seerlig, Malibu, CA
It is comforting to know that we, our children and our grandchildren now have a terrific place to call “home” at Mammoth Lakes: TALLUS. What is there not to love about Tallus? - John and Barbara Gay, Kenwood, CA
My family owns several large vacation homes and I can say without a doubt that Tallus is the best of all. - Sean Hecht, Santa Barbara, CA
Fractional Ownership Benefits
- Owners get a great home for less
- Usage plans meet the needs of Most second home owners (avg. second home usage is <30 days/year)
- Includes high-end services and amenities
- Removes the excessive burden of maintaining and repairing a second home
- Exchange vacations with other high end properties
- Hassle-free
Fractional Facts and Trends
- Fractional ownership is the fastest growing segment of resort real estate; today there are over 200 projects in the US.
- In 2003 sales were $530M, in 2005 they exceeded $2B.
- The town of Vail requires new multi-family developments to include a fractional component.
- Resort communities realize that there is a significant economic benefit from fractional ownership; more visits by affluent families that spend more money vacationing.
- Fractional owners have expressed over a 95% customer satisfaction rate.
Tallus Ownership Options
- Whole ownership with unlimited usage of a home for $4,770,000 with free HOA fees for 3 years (a $250,000 value)
- 1/6 Ownership with 5 guaranteed weeks of usage plus unlimited space available usage of a home for $795,000.
- NEW LIMITED OPTION: 1/12 ownership with approximately 1 month of usage for a price in the $300,000’s. More information to follow. Only one home will be sold in 1/12 (only 12 shares available when released - mailto:stacie@ownmammoth.com for reservation information).