Arn Cenedella

Archive for the 'Vacation Property' Category

One of the Old Greenwood Townhouses

One of the Old Greenwood Townhouses, originally uploaded by ArnCenedella.

Here is exterior pic of a 2 bedroom townhome at Old Greenwood Lake Tahoe. The 2 bedroom 2.5 bath townhomes contain approx 1250sf of living space plus 1 car garage. 3 bedroom 2.5 bath townhomes containing 1800sf of living area plus a 2 car garage are also available.
Arn
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The pool at Old Greenwood

The pool at Old Greenwood, originally uploaded by ArnCenedella.

As you can see very busy at the Old Greenwood Poolk today.
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The Pavillion at Old Greenwood

The Pavillion at Old Greenwood, originally uploaded by ArnCenedella.

Sitting out at the pool at Old Greenwood. Inside bar restaurant spa game room wonderful gym business center and small grocery store. Its a good life!
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Old Greenwood Lake Tahoe

Old Greenwood Lake Tahoe, originally uploaded by ArnCenedella.

Here is a picture from our rear deck at Old Greenwood overlooking 18th fairway. It has been totally warm and beautiful this week.
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All home-related stimulus info including loan mods and tax credits

Curtis Van Carter of the Napa Valley Address provides and the information and relevant links to answer the questions many folks are asking.

Curtis and my Sonoma colleague Pam Buda of Wine Country and Horses indicate there are lots of good buys in their areas right now though market activity appears to be picking up.

Maybe a good time to buy something as a rental right now for use as a second or retirement home in the near future????

I bought my rental and future retirement property at Waikoloa Beach Big Island Hawaii.

Available for rent right now – check it out!

Isn’t the sunshine wonderful? This is one of reasons why folks love the San Francisco Bay Area.

Big Island real estate

I had the good fortune to work with Beth Robinson of Hawaii Palm Properties  on my purchase of a new condominium at Waikoloa Beach Resort on the Big Island. I recommend her highly. And if you would like more information on my Hali’i Kai condo which is available for rent, please go to: www.vrbo.com/159481

Possible second homes or good investments in Sonoma County

I  received a comment to my recent post about entry level homes on the San Francisco Peninsula from Pam Buda, a Coldwell Banker agent in Sonoma County.

Pam informs me that she has recently been working with several buyers from San Francisco and the Peninsula looking for possible second homes and investments in her beautiful area. Pam tells me good solid homes in convenient locations can be purchased in the $300,000 range – sounds like a good buy to me !

Check Pam’s site out and see what your money buys north of the Golden Gate Bridge.

I currently own investment property on the Big Island of Hawaii and a second home up in Lake Tahoe. For information about those areas, please do not hestiate to contact me.

Time Shares compared to Fractional Ownership

Sarah Scafford of International Listings recently wrote a guest post in Pat Kitano’s Transparent Real Estate talking about the differences between timeshares and fractional ownership. Most of what Sarah writes is spot-on.

I am fortunate to own a fractional at Old Greenwood in the Truckee/Lake Tahoe areas and get to spend 3 weeks a year in a wonderful townhouse with attached garage overlooking the 18th fairway of the Nicklaus designed Old Greenwood golf course.  Amenities include the Pavillion a recreation center containing 2 pools, tennis courts, gym, bar, and restaurant. You can sit at the pool and see the backside of Northstar Ski resort which is about 15 minutes away by shuttle.

I declare this fractional as my second home and deduct both interest and property taxes.

I did not purchase as an investment though I am confident that in 20/25 years when I want to sell, I will get my investment back fully. In the mean time, I get to spend 3 weeks a year golfing and skiing to my heart’s content without the hassles of full vacation property ownership.

Let me know if you would like further information on Old Greenwood.

Been away but I am back now !

I have been on the road the past two weeks and haven’t had time to post.

I was in Seattle for a few days the end of February at a Brian Buffini conference.

Brian is a very motivational speaker. His company, Buffini and Company, coaches small business owners like real estate agents, lenders and financial planners how to grow their business through a focus on referrals and business to business networking. His approach will really work for any kind of small business. Brian gives about 14 two day conferences a year and then a Mastermind Summit for 3 days in San Diego in late August. I give these conferences two big thumbs up. Outstanding and uplifting material.

Seattle is a beautiful city – one I could see myself living in.

The Washington State Convention Center is a fabulous venue for a conference.

My buddy, Dan Robinson, has family in Seattle and he joined me at the conference. One of the local ladies turned us on to a cool place called HWY 99  Blues Club. We spent Monday night there having a great time. Fantastic live music venue along the waterfront. If you are in Seattle, check it out !

I came home for a day to make sure my house was still standing and then headed to the Big Island for my first stay at my new vacation home at Hali’i Kai at Waikoloa Beach Resort. There, were of course, a few glitches: one mini-blind was broken, the hall bath had the hot and cold water reversed and the oven door handle was loose (but who goes to Hawaii to bake a turkey?). But in true Island spirit, I just hung loose and enjoyed the beautiful weather and scenery along with some very pleasant company. I played golf most days at both Mauna Lani and Waikoloa Beach. Hali’i Kai has a beautiful Ocean Club with pool, spa, open-air gym, bar and restaurant. If you are interested in spending some time in paradise, please check out www.vrbo.com/159481.

Fractional Purchase of Vacation Resort property

I purchased a fractional interest in a beautiful townhouse at Old Greenwood near Truckee about 1.5 years ago.

Fractional interests are like time-shares but only better. You actually own a deeded piece of real estate. And I deduct interest and property taxes paid on this property just like my personal residence.

At Old Greenwood, owners get the use of their residences (beautiful townhomes or cabins ranging from 1200sf to over 3000sf) for three weeks per year. One week is fixed the other two are scheduled via a registration system.

I have had a great time with family and friends every time I have gone.

 Here is an analysis of the re-sale potential of fractionals compared to time shares.

 It’s a good life ! Cheers