Property Type:
Residential
Bedrooms:
2
Baths:
2
Square Footage:
1,968
Lot Size (sq. ft.):
3,049
Status:
Closed
Current Price:
$1,200,000
List Date:
4/26/2024
Last Modified:
9/08/2024
Description
This is the first home to come available within The Inn at Entrada in 4 years! Organized as a cooperative nightly rental pool, The Inn is a small collection of fully furnished homes that are professionally managed as a luxury hotel property behind the gates of the exclusive and prestigious Entrada at Snow Canyon golf and country club. This home is segmented into two separate units, a 1-bedroom suite with a full kitchen, and a studio bedroom unit with a kitchenette. A full equity golf membership at the country club is included in the sale, a privilege that normally comes at a cost of $60,000 and often involves waiting months or even years for a membership to come available. Owners can occupy their own unit when scheduled in advance
Supplements: and still participate in profit sharing on those nights when occupancy of the hotel is below 95%. The Inn is well funded and covers all expenses of home ownership, including all maintenance, repairs, HOA dues, and replacement of furniture, appliances, paint, and carpeting, ensuring continuity between the units. A blended investment, enjoy all the benefits of a second home with none of the headache, and get a distribution check every year! Property taxes and any costs of financing are not covered by the Inn program. To be a part of the Inn, the new owner will be required to join the pool at a cost of $25,000. Owners may elect not to place their home in the Inn rental program and could elect for self management, or to hire a different manager for their own private vacation rental property.