eBay auction - SVV Bella

GregT · Sep 17, 2014

All,

I was surprised by an eBay auction that just closed -- a 2BR at SVV-Bella for 81,000 StarOptions EOY. It closed at $580 (plus 2014 MFs and closing costs) which seemed like a good price to me. I hope a TUGger got it!

Am I missing something?

http://www.ebay.com/itm/151407313835?_trksid=p2060778.m1438.l2649&ssPageName=STRK:MEBIDX:IT

Best,

Greg

DeniseM · Sep 17, 2014

It is an every other year deed, so the maintenance fee is $1,400 per year for 81,000 Staroptions.

In comparison, the MF at WKV for 148,100 Staroptions is about $1,480 per year.

GregT · Sep 17, 2014

DeniseM said:
It is an every other year deed, so the maintenance fee is $1,400 per year for 81,000 Staroptions.

In comparison, the MF at WKV for 148,100 Staroptions is about $1,480 per year.

Got it -- so the $566/year listed for the MF was wrong?

Interesting (but not shocking) -- thank you!

SMHarman · Sep 17, 2014

DeniseM said:
It is an every other year deed, so the maintenance fee is $1,400 per year for 81,000 Staroptions.

In comparison, the MF at WKV for 148,100 Staroptions is about $1,480 per year.

In comparison the up front cost is also $15-20k

LisaH · Sep 17, 2014

Is SVV Bella a mandatory resort?

DeniseM · Sep 17, 2014

GregT said:
Got it -- so the $566/year listed for the MF was wrong?

No - it's correct - with an EOY MF you pay half the MF each year + all of the SVN membership fee, but you only get usage every other year.

Year 1
$566
$130

Year 2
$566
$130

DeniseM · Sep 17, 2014

LisaH said:
Is SVV Bella a mandatory resort?

Yes:

These resorts are Staroption Mandatory:

* Harborside at Atlantis
* Vistana Villages (Bella and Key West phases only)
* Westin St. John (Virgin Grand - Hillside only)
* Westin Ka'anapali & Westin Ka'anapali-North
* Westin Kierland Villas

DeniseM · Sep 17, 2014

SMHarman said:
I'm comparison the up front cost is also $15-20k

Exactly: SVV is cheap upfront, w/high maintenance fees, and WKV is expensive upfront w/low maintenance fees.

LisaRex · Sep 19, 2014

That's a very good price (assuming closing costs aren't greatly inflated).

Here was the breakdown of cost per SO for WKV v SVV using $18,500 and $2500 as respective purchase prices.

http://www.tugbbs.com/forums/showpost.php?p=1675087&postcount=7

Of course, as others have said, WKV has held its value very well, and it may be possible to buy it for $18,500 and recoup most of that when you sell it. And it'll have higher II trading power. So if you have the extra $20k sitting around, I'd buy WKV. If you don't, I'd buy SVV Bella or Key West as a nice, low cost alternative to WKV.

czar · Sep 21, 2014

That is a great price but I follow these and happens sometimes. I grabbed a 1br (44k SO) for <$100 about a year ago. And closing was cheap!!

eBay auction - SVV Bella

GregT

TUG Member

DeniseM

GregT

TUG Member

SMHarman

LisaH

DeniseM

DeniseM

DeniseM

LisaRex

TUG Review Crew

czar