One-eighth ownership of a two-bedroom/two bath condominium at the Burlington Bay Lakehomes. This unit was designed with a "lock-out" concept, meaning the unit can be occupied as a one-bedroom suite and lodge room independently or combined as a two-bedroom. Great flexibility for owners. One eighth ownership equals six or seven weeks a year (one week every eight weeks). Weeks are assigned so that each owner receives at least one week in every season and different holidays from year to year. Use your weeks for personal stays, send friends or family, rent weeks or portions of your week or exchange weeks to different resorts via RCI. Shared use of pool, hot tub, sauna, exercise rooms and the Lake Superior shoreline. Each owners pays a proportionate share of association dues, utilities, administrative fees, cable, telephone, Internet and amenity supplies. Approximate monthly expenses are $150.
Single-familyProperty Type
2005Year Built
$85Est. Price/Sq.Ft.
Listed by Darrin Young
Bought with Lavonne Christensen• Odyssey Real Estate Group
One-eighth ownership of a two-bedroom/two bath condominium at Burlington Bay Lakehomes. This unit was built with a "lock-out" concept meaning the unit can be occupied as a one-bedroom suite, separate lodge room or as a tw-bedroom. Great flexibility for owners. One-eighth ownership equals six to seven weeks a year. Weeks are assigned on a rotating basis so owners receive weeks in every season and different holidays from year to year. Use your assigned weeks for personal stays, send friends or family, rent weeks or parts of your weeks or exchange weeks at different resorts via RCI. Shared use of pool, hot tub, sauna, exercise rooms and the Lake Superior shoreline. Each owner pays a proportionate share of association dues, utilities, administrative fees, cable, phone, Internet and amenity supplies. Approximate monthly expenses are $147.
As the MLS and public records start to fill up, we'll list the details here.