Solitude Ownership Guide

The Residence

7 beds, 7.5 baths, Sleeps 16

  • Private decks from each spacious suite contribute to peace and solitude in this beachfront East End home.
  • Upscale furnishings and gas fireplace in the main level great room
  • Screened dining area open to the masterfully designed kitchen
  • Two ovens, two dishwashers, two sets of sinks and two refrigerators are available
  • Top floor boasts extra large suite with gas fireplace, garden tub, private deck and separate living space with big screen & surround sound
  • Multiple Direct TV-enabled flat screen TVs/DVDs and a stereo
  • Screened, gas grill area, furnished decks for relaxing and great views of the Gulf
  • Elevator available for guest use
  • Bed Sizes: 4 kings, 2 queens, 2 twins, 2 twin sleeper chairs
  • Sleeps 16

LLC Ownership Options

Initial One-Time Capital Contribution

Capital Contribution Annual Shared Fees* Nights of Annual Use
Full share $544,000 $24,500 42
3/4 share $408,000 $18,375 32
1/2 share $272,000 $12,250 21
1/4 share $136,000 $6,125 10

*These fees are allocated directly to all expenses relating to the comprehensive maintenance and management of the residence, including establishing and paying all utilities, insurance premiums, property tax payments, repairs, scheduled maintenance, replacement items, property management fees, housekeeping, managing reservations, cancellations, reciprocity requests to sister LLCs, requests for travel within Elite Alliance, providing year-end tax return preparation and issuing K-1s to each member accordingly.

Travel Points

Your Travel Currency

Travel points are the currency used for reserving the St. George Island property as well as accessing sister LLC residences..

Full Share: Shareholder receives 5,300 travel points annually which equates to approximately 42 nights of use

Half Share: Shareholder receives 2,650 travel points annually which equates to 21 nights of use

Travel Points Per Night Guide

  • In Season (April - November) 120 Su-Th / 160 Fri-Sat
  • Off Season (Dec - February) 60 Su-Th / 80 Fri-Sat
  • Month of March: 160
  • Christmas and New Years weeks: 160
  • Thanksgiving week: 160
  • Memorial Day week (Friday - Friday): 200
  • Labor Day week (Friday - Friday): 200

Sample Itinerary Using 5,300 Travel Points

  • March 21-28: 1,120 points
  • June 10-17: 920 points
  • January 10-17: 480 points
  • May 15-21: 920 points
  • October 31-November 6: 920 points
  • Week of Reciprocity to Isle of Palms, SC: 920 points
  • Total 42 nights, 5,280 Travel Points

Rotating Priority Reservation System

The Freedom of Flexibility

Lifestyle Asset Group’s rotating priority reservation protocol (PRP) allows shareholders to plan their vacations with as little or as much advanced notice as they choose. Travel points can also be used to sponsor unaccompanied guests, giving you the fexibility to send family & friends on amazing vacations, use them as a reward for a high-performing employee, or as a donation to your favorite charity.

Reservations are made two ways:

(1) Each shareholder is assigned a number 1-6, depending on when they first commit to the project. Once assigned a number, shareholders will first choose one reservation in the ensuing 12-month calendar in an order from Shareholder #1 through 6, then a second reservation in an order of #6 to #1. The order of 1 through 6, and 6 through 1, changes each year with shareholder 2 advancing to 1 in the second year of the PRP and shareholder 1 moving to 6 in year two. By rotating the order in the selection process under the PRP, all shareholders will have years of holding position #1, #2, etc.

(2) The second reservation protocol is the application of the shareholder’s remaining travel points following the PRP when each shareholder can evaluate their own timelines and schedules in applying their remaining points in their account for additional dates that are attractive to them. There is no formal structure for these reservations and they are all first come-first serve; last minute or well planned.

“Space Available” Reservations

There will be periods during the year when the St. George Island property will be unreserved and available and shareholders are welcome to reserve the home on short notice without having to apply travel points. Accordingly, whenever the residence is available and unreserved twenty one (21) days hence, this opportunity for a short notice reservation shall be deemed “Space Available”.

Rental Participation Program

Dollars and Sense

Shareholders have the option to rent some of their weeks to offset annual expenses. You’ll receive approximately $7,000 in credits for every week you donate to the rental pool.

As you can see in the charts below, if a Full Share Investor enjoys 3 weeks of use and rents 3 weeks, the annual expenses are only $3,500, or $166 per night!

And as shown in the bottom chart, a half-share investor, vacationing just one week will not only be free, but actually make money!

Full Share Investor

Weeks of Use Weeks Rented Annual Fees
6 0 $24,500
5 1 $17,500
4 2 $10,500
3 3 $3,500
2 4 $3,500 Credit
1 5 $10,500 Credit
0 6 $17,500 Credit

Half Share Investor

Weeks of Use Weeks Rented Annual Fees
3 0 $12,250
2 1 $5,250
1 2 $1,750 Credit
0 3 $8,750 Credit