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Quarter Share Ownership
Wilderness Resort is located in the City of Pequot Lakes just north of Nisswa. The resort is a 30 plus acre property located on Middle Cullen Lake with 2500 feet of lakeshore and is part of a three lake chain.
Wilderness currently has two first tier lakeside units (Unit 15 and Unit 18) available for quarter share ownership starting at $149,900 and one twinhome (Unit 2) available for quarter share ownership starting at $110,000. The introductory quarter share offering price includes:
- A new two-story plus loft villa with 3,000 square feet of finished living area including 4 bedrooms, 3 ½ baths, great room, kitchen, dining room, lower level family room and attached garage.
- A stone fireplace, screened-in porch, 30 foot deck, water softener, whirlpool tub, oak or hickory cabinets with granite countertops in the kitchen, all new appliances, hardwood flooring in kitchen and dining areas, etc...
- A complete new furniture package together with all accessories, linens, bedding, towels, etc...
- Marina docking privileges
Twinhome:
- A new two story twinhome plus loft with 2200 square feet of finished living area including 3 bedrooms, 3 baths, living room, kitchen, dining room, lower level family room and attached garage.
- A stone fireplace, screened-in porch, deck, water softener, whirlpool tub, custom designed wood cabinetry, all new appliances, hardwood flooring, etc.
- A complete new furniture package together with all accessories, linens, bedding, towels, etc.
- Marina docking privileges
The purchase of a quarter share ownership interest entitles you to the exclusive use of your unit for 13 weeks a year, with the weeks rotating every year for four years when the rotation process begins again. When you or your friends or relatives are not using the unit, you may trade weeks with your quarter share partners or rent the unit through the resort rental management company and receive 65% of the rental proceeds. Resort amenities available for your use will include:
- Sandy beach and recreational areas
- A new Clubhouse with a game room, indoor pool, spa, sauna and fitness center
- Private boat launch facility
- Boat and motor rental
- Children's playground
- Swimming raft
- Evening bonfires
- A new lodge to be built with a dining and lounge area with flat screens and video games, food service with sodas, beer and wine
- Gas sales
- Golf packages
- Pontoon & Kayak rentals
Unit owners will experience the maintenance free style of resort living with the benefits of owning a property that will be yours to enjoy for as long as you choose.
Association dues payable by quarter share owners are $200 per month and include payment of dues to the Wilderness Resort Villas master homeowner's association for resort maintenance, as well as funds for homeowners insurance on your unit, supplies for your unit, furniture and equipment replacement reserve, property taxes and management fee. Your utilities (gas, electric, sanitation) are not included in these dues and you will be billed separately for these items based on usage as well as housekeeping services you request or when you unit is rented.
Shared Ownership Advantages!
Purchasing a quarter share ownership interest in Wilderness Resort Villas results in the conveyance to you of a deeded interest in a luxury vacation home.Along with the deeded interest in the lakeside villa, you become an owner in one of Brainerd's finest new resorts . . . a 38 acre property with its private beach, boat marina, indoor pool and fitness center, a new lodge and much more, without the tedious responsibility of maintenance and repairs.
Purchasing a quarter share ownership interest in a lakeside home entitles you to use the entire home for a total of 13 weeks each year . . . at least 1 week every month. Your designated week begins on Friday night and extends to the following Friday at 11:00 a.m.
To enable each unit owner to enjoy all prime vacation weeks and holidays during their time of ownership, the 13 week package rotates each year for a total of 4 years. During this 4 year cycle, you will enjoy all of the major holidays and prime vacation weeks you choose to spend at Wilderness. You may stay the entire week or perhaps just the weekend. If you would like an extended two week stay, we will try to arrange for trade with other unit owners. If you are unable to use your home during one of your weeks, we will look for a renter at your request.
Your Wilderness lakeside villa or twinhome is more than your up-north retreat . . . it is a unique real estate investment opportunity. You are an owner in an upscale resort offering luxury amenities, support services, and resort accommodations at a fraction of the cost of what it would take to build and furnish a home in the Brainerd Lakes Area. The home is yours to use 13 weeks a year. You'll be free to spend your time golfing, boating, fishing or shopping rather than weeding, mowing, raking or cleaning. And remember . . . your 13 week package is more time than many families ever spend each year in their own cabin. Your quarter share purchase gives you the financial freedom and flexibility to travel to other vacation destinations.
