Many dream of becoming a member at Victory Ranch or Talisker Club, two of our area’s most prestigious club communities. The opportunity to own a piece of a stunning developer-built home where you can enjoy the clubs’ spectacular amenities with hassle-free ownership – at literally a fraction of the cost – is an attractive and popular option.
Fractional Ownership Real Estate Benefits
- At Talisker Club’s Morningstar, you can own a portion of an $8 million home for $1,375,000. This is an economical alternative for buyers who are not sure how often they will use their vacation property. It’s also a great option for those who already own several homes but want to maintain a presence in Park City.
- Partial ownership provides a place to stay on property for those who already own vacant land but have not yet built.
- They provide an opportunity to “try before they buy,” allowing buyers to decide if they like the club enough to invest in a homesite or home.
Talisker Club’s Morningstar Shared Ownership at Tuhaye
Morningstar consists of five mountain modern shared ownership homes situated along the 1st and 2nd fairways of Tuhaye’s Mark O’Meara 18-hole signature golf course. Adjacent to the Tuhaye Village Complex and within walking distance of community amenities, these five-bedroom homes offer the signature Tuhaye views across the front nine fairways to the Deer Valley ski runs and Mt. Timpanogos.
Investment
Morningstar was such a hit, all 40 shares sold out. The good news is that resales are commonly available, with three shares selling for $1,375,000 each in the past year.
Morningstar Homes Fast Facts
- 5,786 square feet
- 5 bedrooms / 5.5 baths (4 ensuite bedrooms and 1 ensuite bunk room)
- 570 square feet covered decks
- 2.5 car garage with designated owner storage area
- 6 gas fireplaces
- Fully furnished, including:
- All appliances (including washer, dryer, and small kitchen appliances)
- Electronics (televisions, sound system in main living areas, and WiFi)Kitchen cookware, dishes, utensils, and glassware
- Bedding, linens, and towelsWindow treatments (with electric window shades in the living areas and master bedrooms)
- One 4-seat golf cart and two electric bikes
How it Works
Weeks are Monday to Monday, with check-in at 4 pm and check-out at 10 am, and up to six reservations can be scheduled at any time.
- 2 weeks during the Winter Season (December through April)
- 2 weeks during the Summer Season (June through October)
- 2 weeks during the Shoulder Season (April through June and October through December)
Costs
Costs at Closing
- Club membership
- 1% one-time transfer fee at closing
Recurring Costs
- HOA dues ($16,601) – Covers property taxes, insurance, utilities, home maintenance, landscaping, snow plowing, end-of-stay cleaning, concierge services, and home reserves
- Annual reserve ($1,250)
- Club dues ($17,231.25 annual or $1,435.94 monthly)
Miscellaneous Rules
- Use of the club is restricted to when in residence
- No pets
- Owners cannot rent their weeks
- Owners can trade their reserved periods with other owners, with prior written consent of the Manager
Fractional Home Ownership at The Residence Club at Victory Ranch
The Residence Club features three beautifully appointed cabin styles designated for fractional ownership. This has been a very popular offering and there are just a few options left.
Investment
There are three floor plans available:
Kingfisher
There is one resale option at $899,000:
- 3,878 square feet of indoor living space
- 5 bedrooms
- 5.5 baths
- Sleeps 12
- 2 patios with a 6-person hot tub
- Multiple lounging areas, a fire pit, and covered outdoor dining
Starling
Options at $550,000:
- 3 bedrooms
- 3.5 baths
- Sleeps 10
- 6-person hot tub
- Fire table
- Covered outdoor dining
Kestrel
Options at $390,000:
- 3 bedrooms
- 3 baths
- Sleeps 8
- 6-person hot tub
The Residence Club Fast Facts
- Expansive, multi-leveled deck space with a six-person hot tub, grilling station, dining and lounging areas, fire table, outdoor heater, and speakers
- Two-car garage
- Use of a six-person Moto EV for fun, easy transportation to all amenities in the summer
- Concierge service stocks groceries and places personal stored seasonal items in the home prior to the owner’s arrival (upon request)
How it Works
- 6 weeks of guaranteed use per year
- 3 weeks in the Winter Season
- 3 weeks in the Summer Season
- Owners may swap, as well as pick up additional (unused) weeks and only pay the weekly cleaning fee
- Owners select weeks in a draft two times a year and are able to draft consecutive weeks if desired
Costs
Costs at Closing
- 0.5% one-time transfer fee
- Required lodging membership ($130,000 – 80% equity in the membership)
- Working Capital Fund contribution ($2234 Kestrel / $2813 Starling / $3683 Kingfisher)
- Capital Improvements Assessment ($1509.63)
Recurring Costs:
- Kestrel dues ($26,636)
- Starling Dues ($29,569)
- Kingfisher Dues ($35,327)
- Cleaning fee ($400 Kestrel / $450 Starling / $500 Kingfisher per stay)
Miscellaneous Rules
- Owners cannot rent out their weeks
- Owners can trade their reserved periods with other members
- There are dog-friendly cabins available
- When not in residence owners cannot use the ski lodge on 875 Main Street, cannot fish the river (but may fish the stocked ponds), and may only golf three times a season
*Disclaimer: While we have done our best to provide accurate information, fees and rules change at clubs often and it is essential to confirm all rules and fees with the developer/listing agent.