Washington, D.C.-based couple Joan and Ned Woodward were so impressed with their stay at the Timbers Kaua’i resort in Hawaii that they decided to make it a permanent part of their lives. After receiving a glowing review from their daughter, who had previously visited the resort, the Woodwards booked a three-bedroom suite for what was supposed to be a short stay. However, by day three, they were already talking to a salesperson about purchasing fractional ownership at the resort.
Ned Woodward was initially hesitant about the idea, as they lived on the east coast, far away from Hawaii. But his decision was swayed after he attended an owners-only dinner and had the opportunity to meet a famous hockey player, who Joan declined to name. This encounter sealed the deal for the Woodwards, who are big hockey fans.
In October 2022, the couple signed a fractional ownership deed for a 1/6th stake in a luxurious oceanfront three-bedroom, three-and-a-half bathroom townhouse at Timbers Kaua’i, with 3,100 square feet of interior space. The purchase price was $1.125 million.
Fractional ownership at Timbers Kaua’i offers the Woodwards six weeks of planned vacations annually, with the flexibility to take additional short notice vacations if other fractional owners cancel. The average daily rate for guests at the Kaiholo residences at Timbers starts at $2,025.
It is important to note that fractional ownership is different from a timeshare. With fractional ownership, buyers actually own a portion of the title, giving them the ability to sell or pass down the property to their children. The value of their share also fluctuates with the property’s overall value.
In addition to the purchase price, the Woodwards are responsible for approximately $50,000 in annual dues, which can vary each year. However, the amenities and services offered at Timbers Kaua’i make it worth the cost. Personal concierge services, a private lounge, pre-arrival grocery shopping, daily housekeeping, and the option for private dining are just some of the perks available to owners.
Furthermore, the resort staff goes above and beyond for their guests. They even helped the Woodward’s daughter plan her marriage proposal on the property.
For Joan, the decision to invest in fractional ownership at Timbers Kaua’i was a realization that life is too short to wait for retirement to enjoy it. She urges others not to miss out on opportunities and to prioritize their happiness and experiences.
With their purchase, the Woodwards have secured a physical asset that they can enjoy now and pass down to their children in the future. Their story serves as a reminder to seize the moment and make the most of life’s opportunities.