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Anybody buy into the new Marriott Crystal Shores

icydog

icydog

TUG Review Crew: Expert
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After reading the slick sales brochure Marriott sent out, and talking to a sales rep, my husband and I just comitted to buying at the new Marriott on Marco Island, Crystal Shores. It's pre-construction pricing for a silver week, probably no view in 5 years, for $18,100. It will be our first developer week other than our DVC, which we purchased when it first opened its doors, and we are very excited. I own several Marriott weeks, all purchased resale, but this place looks like a resort we will never trade. We love the west coast of Florida, and since we are retired this timeframe, late Aug through November, works for us. I was recently offered a Sanibel Cottages shoulder week for $16K but I think this will be a better place in the long run-- despite the very high maintenance fees.
Has anyone else taken the plunge?
 
icydog said:
After reading the slick sales brochure Marriott sent out, and talking to a sales rep, my husband and I just comitted to buying at the new Marriott on Marco Island, Crystal Shores. It's pre-construction pricing for a silver week, probably no view in 5 years, for $18,100. It will be our first developer week other than our DVC, which we purchased when it first opened its doors, and we are very excited. I own several Marriott weeks, all purchased resale, but this place looks like a resort we will never trade. We love the west coast of Florida, and since we are retired this timeframe, late Aug through November, works for us. I was recently offered a Sanibel Cottages shoulder week for $16K but I think this will be a better place in the long run-- despite the very high maintenance fees.
Has anyone else taken the plunge?
Click to expand...

Congratulations, I think it will be beautiful, looking forward to having success in an occasional trade with our hawaiian units.
What do you mean by no view in 5 years? It seems to be right on the beach and most units with ocean view
 
icydog said:
-- despite the very high maintenance fees.
Click to expand...


How high are the very high maintenance fees??


I received a big thing in the mail from Marriott and found the place to be very interesting. I'm definitely not a modern kind of person, so the decor didn't really appeal to me.


We have a Grand Vista, so I was wondering how much Marriott would give us on the Grand Vista towards a Marco Island... But I didn't wonder enough to make the call :rolleyes:
 
Marylyn,
I think you got a good deal. That Silver week always includes that last week of August and Labor Day week. Hurricanes aside, that's a pretty good time to go.
 
Congratulations on your new purchase. Marco is so beautiful and the beach is wonderful. So so many shells. I wouldn't trade it either.
 
I've given it thought but, I have seven weeks already and I really just don't need another week, don't have the cash on hand to pay it off and I just don't think I can handle another MF. If I buy every new, bigger better resort that gets developed I'll never be able to pay for everything I'd like to have.
 
Wouldnt you be able to pick up a silver week for half what you paid or less when resales start to be available? If you cant use it for several years why the rush to buy an off season week?

Also consider the risk of special assessments due to hurricanes and the inevitable rise in m-fees due to insurance costs. I'm sure its a beautifull resort but I would reconsider purchasing an off season week from the developer.
 
Marriott, with it's ROFR, has a history of keeping resale values high. It is likely that this resort will maintian is value for those that purchase pre-construction. PerryM can list several Marrriott resorts that, when bought at pre-construction pricing actually increased in value when sold on the resale market.

However, I believe it is usually platinum and premium weeks that have shown this ability to go up in value and not silver season weeks.

There is also the length of time before weeks begin to hit the resale market at reasonable pricing after the resort is built, the ablility to exchange for Marriott Rewards points and any sales incentives that might be offered to purchase so early in the pre-construction phase. I know when I purchased our Ocean Pointe unit, the value of our incentives amounted to close to $5,000. Granted that was back right after 9/11 when everyone was worried vacation related industries would take a big hit but still, any incentive value has to be taken into consideration when buying pre-construction.

$18,100 sounds like a great price to own at this resort if you can travel in silver season. I've read that platinum weeks are considerably more expensive. The units are still just as nice in silver season as they are in platinum season and the weather for that latitude in FL still has to be marvelous if you live in the colder climates.
 
dougp26364 said:
Marriott, with it's ROFR, has a history of keeping resale values high. It is likely that this resort will maintian is value for those that purchase pre-construction. PerryM can list several Marrriott resorts that, when bought at pre-construction pricing actually increased in value when sold on the resale market.

However, I believe it is usually platinum and premium weeks that have shown this ability to go up in value and not silver season weeks.

There is also the length of time before weeks begin to hit the resale market at reasonable pricing after the resort is built, the ablility to exchange for Marriott Rewards points and any sales incentives that might be offered to purchase so early in the pre-construction phase. I know when I purchased our Ocean Pointe unit, the value of our incentives amounted to close to $5,000. Granted that was back right after 9/11 when everyone was worried vacation related industries would take a big hit but still, any incentive value has to be taken into consideration when buying pre-construction.

$18,100 sounds like a great price to own at this resort if you can travel in silver season. I've read that platinum weeks are considerably more expensive. The units are still just as nice in silver season as they are in platinum season and the weather for that latitude in FL still has to be marvelous if you live in the colder climates.
Click to expand...

Buying a pre-construction platinum week is a whole other story. And Marriott isnt offering anywhere close to the rewards points that they used to. Going to be a great resort, but again I dont see the reason for buying from the developer when silver season units are typically so cheap on the resale market. Especially when you dont have use for several years.

I try hard to make sure I dont spend too much on a unit. To me saving 5K-10K on a resale is worth waiting for. Others may not feel the same. JMO.
 
Maybe I am mesmerized by the high price tag for the platinum weeks, but I wonder if buying platinum resale before the resort is completely sold out wouldn't be a money saver. I tend to believe there will those buyers that "bite off more than they can chew" and may look to sell after 2 years of purchase.

As for off season, we have a silver week at the Barony. Once the resort sold out and Marriott actually began calling owners and offering to buy thier platinum week at 60% of value, platinum weeks went up in price on the resale market. The silver week, on the other hand, cost me 12,900 preconstruction and I would be lucky to get 9.

Buy the silver only if you want to travel at that time, which from what you say you do and it should work for you.

Beverley
 
We changed it to GOLD!

Having read all your posts and considering the price for Gold Gulf View we decided to go with the GOLD! The Silver Season is from week 34, at the end of August, to week 43, at the end of October. We like to travel in Nov and May shoulder seasons so the Gold is best for us. Also by purchasing Gold we can take our grandkids in the summer if we want. When we pass it down our great grandkids can use it when school is out as well.
I am very excited so pls don't talk me out of this.
 
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icydog said:
Having read all your posts and considering the price for Gold Gulf View we decided to go with the GOLD! The Silver Season is from week 34, at the end of August, to week 43, at the end of October. We like to travel in Nov and May shoulder seasons so the Gold is best for us. Also by purchasing Gold we can take our grandkids in the summer if we want. We we pass it down our great grandkids can use it when school is out as well.
Pls don't talk me out of this. I am very excited.
Click to expand...

I think you made a wise choice changing to gold. Congrats.
 
gmarine said:
I think you made a wise choice changing to gold. Congrats.
Click to expand...

I truly hope so. Platinum was SOOOO expensive I couldn't justify spending that much. My husband has sticker shock right now, but I am just too excited to think of money. Thanks for the kind words.
 
Good luck, Icydog

Congrats on your purchase. Don't let the naysayers get you down- it sounds like you will get plenty of use out of this so enjoy it.

Where did you get info about the resort? Are there any mockups of what it will look like? I got a card/brochure in the mail from Marriott but it was short on details- would love to know more.
 
tlwmkw said:
Congrats on your purchase. Don't let the naysayers get you down- it sounds like you will get plenty of use out of this so enjoy it.

Where did you get info about the resort? Are there any mockups of what it will look like? I got a card/brochure in the mail from Marriott but it was short on details- would love to know more.
Click to expand...
Sent you a pm
 
If it is where you want to go, you cannot go wrong. Congrats!

I wouldn't worry about what every one else says, I just bought my second developer week, and I have been a member of tug for a long time. Just thought it suited my purposes better, although, everyone on the boards tells me I made a bad choice. I am the one that has to live with it, so I am not concerned :)
 
Marco Island

Marylyn,

I received the same package mentioning the $18,100 starting price. Could you reveal the price for Gold and Platinum? Also, what was the annual maintenance fee estimate?

Thanks,
Bob
 
Buying resale only works if there is a resale to be had--on a new resort you can't do that--we just bought Frenchman's Cove--the few resales out there are as much or more than new current prices!
We bought two developer Starwood weeks--both at Harborside at Atlantis--one was in 2001--again before resales were available and again for a week 52 which we couldn't find on the resale market.
As long as you buy what you want to use I think you will be happy with your purchase--folks who buy low end resorts and think they can trade up are the ones I feel badly for!
 
bw3 said:
Marylyn,

I received the same package mentioning the $18,100 starting price. Could you reveal the price for Gold and Platinum? Also, what was the annual maintenance fee estimate?

Thanks,
Bob
Click to expand...

It is a long PDF but in essence:

Platinum float -$79,200 Gulf Front, $71,800 Gulf Side and $59,600 for Gulf View.

Gold Float - $42,600 Gulf Front, $35,400 Gulf Side and $32,100 Gulf View.

Silver Float - $24,200 Gulf Front, $20,100 Gulf Side and $18,100 for Gulf View

There are a few variations for fixed week but there's not many:

Christmas and President's week are $89,400 gulf front $74,400 Gulf Side and $67,200 Gulf view.

New Years week is $98,700 Gulf front, $82.200 Gulf Side and $74,200 Gulf View
The most expensive week is New Years Gulf Front --3 bdrm Penthouse-only $137,300
_______________________________________________________________
Platinum floats Weeks 1-17.

Platinum plus 51, 52 and President's week


Gold floats Weeks 18-33 and 44-50

Silver Floats weeks 34 -43


Maintenance fees are $925.27 and taxes are $236.50.

If anyone would like my salesperson's name send me a PM or email. The pricing is only good until Wednesday and there are perks for being in the first 500 buyers like Preconstruction pricing, Your name on Founder's monument, Crystal Shores Beach Towel and tote set,
Marriott $75 Gift Card, and a pass to use the Resort facilities when you are not staying there (fees may apply it says)!

I also got 240,000 reward points for the sale.
 
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icydog said:
..........I also got 240,000 reward points for the sale.
Click to expand...

That's not to bad for an incentive. That should get you two coach class seats and a week in a Cat. 5 hotel in Europe.
 
AmyL4408 said:
...We have a Grand Vista, so I was wondering how much Marriott would give us on the Grand Vista towards a Marco Island... But I didn't wonder enough to make the call :rolleyes:
Click to expand...
Just curious, does anyone know if this new Marco Island resort would be part of Marriott's Florida Club? If it were, do you think there would be a chance of trading in that way? (I presume off-season would be the only real possibility.)
 
Kazakie said:
.............

Gulp
Click to expand...

That's about standard for Marriott's FL resorts. Between property taxes, property insurance and hurricane insurance, FL coastal FL is a very expensive proposition to own and to hold.
 
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