| Eight-week (1/6) ownership where Owners rotate each year for property use time in contiguous eight week periods. Each owner has first choice every six years. However, after the choices are made, the Owners can then trade for time amongst themselves. The Ownership Deed and Title are held in an LLC, a Limited Liability Corporation. Each of the six share owners may sell, rent or convey their share. All costs of operating the condominium are shared equally by the six share owners. Operating costs per share are $2600 in 2012.
Share Selection Rotation:
2012 1,2,3,4,5,6
2013 2,3,4,5,6,1
2014 3,4,5,6,1,2
2015 4,5,6,1,2,3
The owners selected the following for time usage in 2012:
Dec 21 (2011) to Feb 21 Share #6
Feb 21 to April 17 Share #4
April 17 to May 1 Manager
May 1 to June 26 Share #2
June 26 to Aug 21 Share #1
Aug 21 to Sept 4 Manager
Sept 4 to Aug 30 Share #5
Nov 6 to Dec 25 Share #3
Share #4 (the share offerd for sale)selected May 7th to July 2nd for 2013. For calendar year 2014, Share Owner #4 will be the second owner to choose.
This top floor unit has over 1100 square feet and two lanais. Enjoy the covered lanai off the main living/dining area. Yes, there is even a small peak at the ocean. The large master suite (bedroom and bath) is on the main floor and has a king size bed and its own private lanai. Also located on this main floor is the kitchen, living and dining area, second bath and laundry closet. The second floor loft bedroom has two queen beds.
The Cliffs of Princeville amenities might be considered the best in Princeville with two swimming pools including a waterfall pool, two spas, two tennis courts, children's playground, recreation room, Volleyball Court, two shuffleboard courts, half-court Basketball Court, a putting green and Barbeque Grills. |