Contempo Group

When Contempo opened its doors in 1977, as a small provider of individual travel services, the aim was to build a reputation by providing a high level of customer service and an equally high level of real estate and travel products and services. Today, while Contempo has grown considerably, they still abide by the same simple philosophy. Contempo currently offers a broad range of inter-related travel, real estate and property management services and have expanded into land acquisition, development and construction with major projects in Florida and the Caribbean.

The idea for Victoria Woods Fractional Co-Ownership evolved from many years in the vacation home and tourism industry by entrepreneurs Don Wherrett and Gary Leventhal. Having a vision of creating a new luxurious, exclusive boutique community in the heart of Central Florida, Don and Gary partnered with custom home builder Steven Shields to bring the vision to reality. For over 30 years Steve Shields has built custom homes in the Orlando area and he now brings that unique quality and design to Victoria Woods. With the uncertainty of the real estate market throughout the country, the Contempo Group has set out to create a unique vacation home community that will allow owners to "own only what they need and would use". Victoria Woods is located within the prestigious Providence Golf and Country Club Resort, just minutes from Disney and all of Orlando's many attractions. www.providenceflorida.com

Providence Golf and Country Club, Polk County Fla.

Ideally located southwest of Orlando, just 15 minutes from Disney, set on 2,200 acres of natural Florida beauty this master-planned resort community features an inviting sense of style, charm and appealing refinements. Surrounded by an 18 hole Mike Dasher Championship Golf course and the finest amenities, including a superb 8,000 sq. ft. clubhouse and aquatic center. Amenities at Providence also include a Championship 18-hole golf course designed by premiere golf course architect Michael Dasher and surrounded by serene landscaping, an amenity-filled, socially-inviting clubhouse with 1,000 sq. ft. pro shop housing the latest state-of-the-art equipment and apparel, a full-service restaurant and bar, available outdoor dining on the patio that overlooks the well-manicured course; and a complete practice facility with driving range and putting green. There is also an on-site activity coordinator for all ages, fitness and aquatic center with resort style pool and lap pool, lighted tennis courts, manned gatehouse, and wide sidewalks for safe bicycling and walking through out the entire resort. The beauty of nature has been preserved as well, as more than half of Providence will be conservation and green areas.

Providence is located close to Orlando’s world famous shopping and theme park attractions, making it a perfect vacation destination for a luxury vacation home.

Victoria Woods at Providence

This is a one of a kind community within Providence which offers both whole ownership and fractional ownership. These beautiful stand alone Victorian themed homes sit within the elite golf community of Providence in the heart of the tourist capital of the world, Orlando, Florida. Victoria Woods fractional ownership residences are the first of their kind in Central Florida and are already receiving much attention for their unique design and vacation ownership options.

Contempo Signature Homes the builder, offers a stunning range of Victorian style homes with many traditional features that make Victoria Woods a unique part of Providence. There are 9 models to choose from ranging from the 3 bedroom Ayrshire with 1,602 sq. ft. to the Derbyshire II which has 4 bedrooms and 2,768 sq. ft. of living space. The fractional Somerset Q4 model is the largest of the floor plans with over 4,000 sq. ft. of space and includes all available upgrades. The 4 bed, 3 ½ bath Somerset Q4 is designed specifically for a fractional buyer and comes fully furnished with a games room, internet café/study, upgraded electronics and appliances, extended pool deck, enlarged pool, spa and summer kitchen, dual master bedrooms, and extra balconies. Truly a 'millionaires' vacation homes at a fraction of the cost!

Sales Team

In addition, the Contempo Group has hand picked the top real estate sales professionals within the fractional and vacation club industry to launch their new project. The Victoria Woods sales team is comprised of the most seasoned and successful real estate agents in Florida. These top producers have many years experience in the sales and marketing of the best vacation ownership and destination clubs from around the world. This group of all star sales agents will spearhead the Victoria Woods preview center and marketing programs

Exclusive Management Golf Package

Contempo has negotiated an exclusive golf package for Victoria Woods owners that makes the home the member. This means owners will be able to offer FREE daily golf to ALL guests renting the property and full membership privileges ($20 cart fee applies). Anyone staying at a Victoria Woods home with this membership will be able to play in member only tournaments; enjoy discounts at the pro shop; book tee times on-line and enjoy Providence's golf rates at other local golf clubs. This exclusive program is not available from any other developer and increases marketing visibility, exchangeability, and rentability. This unique golf program provides an incredible value to owners and guests.

International Exchange Program

Additionally the Victoria Woods Fractional Co-Ownership Program has been accepted into the largest and most recognized fractional exchange company in the world, The Registry Collection®. With the purchase of a Victoria Woods fraction, the owner will automatically be enrolled as a member of The Registry Collection® program.

The Registry Collection® will provide Co-Owners with access to some of the finest resorts and destinations on the globe, through the Exchange Privileges. Their Reservation Consultant is just a phone call away and can offer advice on travel, help make reservations and answer questions about exchanges. The Registry Collection® website is filled with helpful information, details every resort and destination plus unique travel and holiday offerings for members only. Members enjoy the use of a personal concierge service, available 24 hours a day, 365 days a year. The personal concierge can arrange tickets; provide restaurant recommendations and reservations, book charter planes, cruises and more. Click here to learn more.

Fractional Co-Ownership at Victoria Woods

Victoria Woods boutique fractional and whole ownership resort community is comprised of 76 lots. Buyers are taking a look at Victoria Woods for some specific reasons. Buying a fractional at Victoria Woods makes sense for people who want to spend 25-60 days at a specific property for a specific time period. Investing in a fraction at Victoria Woods grants owners access to luxurious residences for a fraction of the price. Fractional Co-Ownership at Victoria Woods offers members more personalized services than most hotel resorts. For instance, an in-house concierge at Victoria Woods can pre-load units with members’ pictures, clothing, equipment, and other personal belongings. Victoria Woods Co-Ownership will optimize investment in a vacation property, as owners buy only the number of weeks they plan to be physically present in the unit.

Benefits of Co-Ownership

Only purchase what you intend to use - The concept allows an individual or a business to purchase shareholding ownership and usage weeks of the asset; the motivation might be to purchase shares purely for vacation investment, as well as the usage benefit, or either on of the two. Either way the owner is only purchasing what they intend to use. Consider how "pay as you go" airtime revolutionized the cellular phone market, so fractional ownership is revolutionizing the luxury asset market.

More for less - In essence many luxury assets are underutilized and incur substantial maintenance and upkeep costs, not to mention the headaches with maintaining the asset. With a well managed fractional structure applied, owners can now still have ownership and relative usage in a luxury asset for a ‘fraction’ of the cost of acquiring the asset outright. A fractional owner can purchase a 1/12th shareholding in a luxury villa in an exclusive golf estate, or on the beach for under $300,000. To outright purchase and decorate the same villa could cost in excess of $2,500,000.

Additionally the owner would then have to pay all the running expenses each month for resort fees, rates and taxes, utilities, garden services and repairs etc; with fractional the part of the contribution will be according to the shareholding, a portion of the entire running costs).

Release equity - Many vacation home owners are now selling their vacation properties and purchasing shares in a better quality property, that is professionally managed, and still having substantial equity to re-invest in more fractions or other investment vehicles.

Generate income - Owners are entitled to rent out or exchange unused weeks and accrue the rental income (minus management fees), providing an offset to the annual costs. Fractionalized properties in “high demand” holiday rental markets may produce income each year on rental alone. The unique golf membership program at Victoria Woods will provide for higher rental income than the usual Disney area vacation home.

Each approved fractional project should have the rental service included with a monthly management fee, the management company then markets available weeks, facilitate the occupation, and charge a nominal transaction fee for this value added service.

The early bird catches the worm - Although fractional ownership can not be promoted or sold as an asset that “guarantees a capital return”, it is however very likely that owners could see a positive return on share value, as shares are directly linked to the growth of the asset.

Pay it forward – The owners equity share is theirs for life, and can be transferred to family or friends. This can be facilitated by a simple real estate "transfer of deed and title” process.

Available Now

While Contempo completes the state of Florida registration process, the sales team is currently taking fully refundable $1,000 reservation deposits. 1/12th ownership is available for $79,990. Additional information can be found on the Contempo website www.ContempoGroup.com in the real estate section.