Posted on November 8, 2019 by Lisa Knorr & Amy Sand
1. What are fractionals?
Fractional ownership of vacation homes allows you to enjoy a designated number of weeks or months of home ownership privileges in Big Sky or our surrounding areas but at a fraction of the cost of whole ownership.
2. Who are fractionals really for?
This type of real estate arrangement is ideal if you want the benefits of owning a second home located in an amazing location like the Rocky Mountains of Southwest Montana but can’t justify the investment because of limited use.
3. How long is a typical fractional share?
Most fractionals are between two to 13 weeks. Those don’t necessarily have to be consecutive weeks. Because there are far fewer owners of each individual property than say your typical timeshare, you’ll have a lot more options regarding when you can use the home.
4. Who manages the fractionals?
Typically, fractionals are usually self managed. They are governed by recorded declarations.
5. How do fractionals differ from timeshares?
Fractionals tend to be larger homes or condos, usually two to four bedrooms. Timeshares are typically for one to two weeks per year. Fractionals offer from two to 13 weeks, and those don’t necessarily have to be consecutive weeks. Fractional ownership is a method of property purchase involving several buyers, typically 6-12. The main difference between fractional ownership and a timeshare is in the way actual equity is distributed. In a fractional ownership arrangement, the purchaser actually owns a piece of equity in the property. If the property goes up in value, the fractional owner's share of the pie also becomes more valuable. With a timeshare, ownership is not distributed. The owner purchases only weeks or months of enjoyment in a property, and these weeks or months do not rise and fall in value with the value of the property. The title is still owned by the principal owner.
6. Why should I buy a fractional instead of a wholly-owned second home?
Most people who buy a fractional recognize that they won’t be spending more than a couple of months a year at their vacation home. With a fractional you can get the quality and level of luxury you want and only pay for the “fraction” of time you actually plan to use the home.
7. Can you trade or rent out your time?
In some cases, yes, but you will want to check the specific guidelines for the property you’re considering. Most fractionals also participate in a reciprocal usage program similar to timeshares in which you can trade weeks and locations.
8. Can more than one individual or family own a residence interest?
At most properties, the answer is yes. In addition, the extended family of the owner including children, grandchildren, siblings and parents can use the residence and are entitled to use the property.
9. What are ownership costs of a fractional?
Typically speaking operating costs ie property taxes, utilities, HOA dues, general maintenance, etc. are divided equally between the owners.
FRACTIONAL LISTINGS IN BIG SKY, MONTANA
Yellowstone Condo 74C (Half ownership): 1,070 Sq. Ft., 2 BED, 3 BATHROOMS. OFFERED FOR $195,000
LISTED BY LAURA T. SACCHI, BROKER
Hidden Village Condo - 16 Woodbine (Approx. 6 weeks per year of usage): 1,928 Sq. Ft., 3 BED, 3 BATHROOM. OFFERED FOR $38,500
LISTED BY LISA KNORR, BROKER
Hidden Village Condo - 23 Coneflower Court (Aprox. 6 weeks per year of usage): 1,950 Sq. Ft., 3 BEDS, 3 BATHROOMS. OFFERED AT $44,000
LISTED BY LISA KNORR, BROKER
Posted on July 19, 2016 by bigskysir
With gorgeous peaks as the backdrop and a world-famous fly-fishing river babbling through the trees, Gallatin Gateway is the quintessential Montana community. Only twelve miles southeast of thriving Bozeman, Gallatin Gateway is close to the international airport, Big Sky Ski Resort, Yellowstone National Park, and plenty of wilderness to hike, bike, ski, fish, and relax. The local community is friendly and passionate about the beautiful outdoors and the being involved in the culture of nearby Bozeman and Belgrade. Gallatin School, established in 1884, enrolls approximately 150 students per year in grades K-8 and these students have shown higher than average student scores in reading, math, and science. The community is small and intimate, but has plenty to see and do for everyone: Little Bear School House Museum This adorable one room schoolhouse has been restored and turned into a museum to replicate what school looked like in 1912. Take a look at local memorabilia from the local baseball team, old lunch boxes, and an antique merry-go-round. Axtell Bridge A destination place for anglers as well as those looking to ditch the heat, this beautiful bridge through the trees and over the Gallatin River is a great place to spend the day by the river. Pack a picnic, a book, or a few flies for the rod and take a dip in the cool waters. Inn on The Gallatin Just down the beautiful Gallatin Canyon is the famous Inn on The Gallatin, a resort with cabins, campsites, and a wonderful cafe. Established in 1955, the Inn is a tourist and local favorite for its iconic vintage signs and it’s delicious food. Gallatin Gateway is truly the “gateway” to the mountains and your next Montana adventure. Whether you are looking to live in the area year-round or own your mountain escape, let our agents show you the beauty of southwest Montana.
1245 Gateway South Road
50365 Gallatin Road
54660 Gallatin Road
280 Karst Stage Loop 95 Vita Court
Posted on July 8, 2016 by bigskysir
PROPERTY ROUNDUP: Riverside Properties
Home is in-between the brown and white signs. Riverside Properties in S.W. Montana Fishing in Montana is something akin to heaven. From majestic rivers and lakes to crystal clear alpine streams, the vast amount of fishing in southern Montana is almost unfathomable. You can hopscotch one to the other, and never run out of fishing holes. Each area is unique and none less beautiful than the other. Bring your fishing gear along as we take you on a tour of riverside properties available in S.W. Montana.
The Madison River, one of the few rivers in the U.S. with the blue-ribbon designation, begins in Yellowstone National Park at the confluence of the Firehole and Gibbon Rivers. It then meanders 140 miles until it reaches the Missouri River in Three Forks, MT. The river flows into and Hebgen Lake, Quake Lake and Ennis Lake before continuing on through the narrow gorge of Beartrap Canyon and quietly ends at the confluents. Trout fishing is exceptional with large browns and rainbows. The Madison accommodates boating or wading and can be easily accessed by either. The upper Madison is all catch and release to maintain the wild trout populations. You can easily access the river from the towns of West Yellowstone, Big Sky and Ennis.
Sun West Ranch, Portfolio of Home Site Parcels, Cameron, MT
Gallatin River, Gallatin Range and Spanish Peaks
Beginning at Gallatin Lake, in the high mountains of Yellowstone National Park, the Gallatin River runs 115 miles to the Missouri in Three Forks, MT. The bulk of the river is closed to float fishing, which gives rise to some of the finest wade fishing waters in Montana with less fishing pressure. The scenery along the Gallatin is spectacular. Flowing through Gallatin Canyon, you’re surrounded by towering rock walls and National Forest. The river opens up and skirts the outside of Bozeman, MT where you’ll find a variety of accesses and scenic mountain ranges all around. The Gallatin Range and Spanish Peaks are riddled with mountain lakes and hungry fish. You’ll find good sized Cutthroats, the occasional Golden and even some Arctic Grayling; a beautiful and rare species with a shimmering blue dorsal fin found at Grayling Lake. These lakes are generally accessed by hiking; some a short in and back, while others could be multiple night backpacking trips. Some of the more popular lakes in this area include Hidden Lakes, a series of 8 beautiful waters. Golden Trout Lake, which, true to the name, is full of Golden’s. Lava Lake is home to some good sized cutthroats. Deer Lake and Diamond Lakes are a bit more challenging hikes, but well worth it. You’ll also want to check out Dudley and Albino Lakes which are more family friendly hikes. No matter if you are a spin, fly or bait fisherman, fishing these lakes will not disappoint.
280 Karst Stage Loop, Big Sky, MT
Heeb Road, Ranch, Manhattan, MT
Hyalite Canyon Recreation Area
Hyalite Canyon hosts alpine lakes, small streams and the beautiful reservoir tucked up at the base of the Gallatin Range. Hyalite, Emerald and Heather Lakes contain Cutthroat and Grayling, while Blackmore Lake maintains a nice supply of introduced Rainbow trout. Streams are full of Brookies and the reservoir is stocked with Rainbow and Brook trout. The reservoir maintains a no wake rule which keeps speeds low for trolling.
TeePee Ridge Ranch, Bozeman, MT
The Yellowstone has big fish and a lot of them; brown, rainbow, cutthroat and whitefish. Couple that with monster hatches and you can see why it’s one of the premier trout waters in the United Staes. Beginning in Yellowstone National Park it flows 692 miles into North Dakota where it meets the Missouri. This river is best experienced by boat, but is very technical, so until you know the river yourself, go with someone who is experienced in navigating these waters. From Yellowstone Park to Livingston, the river flows through Paradise Valley. True to it’s name, you’re surrounded by the Absaroka Mountains, high plains and cottonwood trees that endlessly line the river. Fall is utterly spectacular.
Paradise Valley, Livingston, MT
Absaroka-Beartooth Wilderness Area
The Absaroka-Beartooth Wilderness area is 900,000 acres full of alpine lakes, streams and rivers. Lakes are home to Cutthroat, Brook, Rainbow and occasionally a Golden trout. Both the East Fork and West Fork Rosebud Creeks run into the Stillwater, which ends in Columbus, MT and joins the Yellowstone. The Boulder River, also stemming from the Absarokas, ends in Big Timber and joins the Yellowstone as well. Both of these rivers have less fishing pressure, but the locals know they are full of rainbow, brown and cutthroat trout.
175 Lower Luther Road, Red Lodge, MT
Posted on May 10, 2016 by bigskysir
PROPERTY ROUNDUP: Horseback Riding in SW Montana
For over one hundred years Montanans have been exploring the great “Big Sky” state on horseback. While most horseback riding has become a pleasure sport and activity, many people still rely on these majestic creatures for backcountry travel and ranch work. Horses are an integral part of Montana’s history and, as long as there are wide-open spaces, they will continue to be a part of the culture long into the future. Allison Gilley, a Big Sky Sotheby’s International Realty agent with over twenty years of real estate experience, has been riding horses her entire life. Gilley says, “Montana is a very friendly horseback riding state with plenty of public land to ride. Also, many private properties are perfect for horseback riding. Montana even has entire subdivisions that are equestrian friendly with private trails and corrals.” Gilley loves the freedom to explore vast amounts of trails and landscapes in a short amount of time while horseback riding. She says learning to ride is a wonderful experience for an individual or an entire family, and Montana has plenty of professional companies who offer lessons for beginners to expert equestrians, such as Jake’s Horses (www.jakeshorses.com,) or Lone Mountain Ranch (www.lonemountainranch.com,) both in Big Sky.
If you are ready to start exploring the possibility of owning your very own slice of Montana, Gilley has exceptional horse properties available across the state, ready for your horses and adventuring spirit:
• 920 Beaver Creek Rd, Big Sky, MT
• 157 Lower Luther Rd, Red Lodge, MT
• 83 Blachard Butte Rd, Roberts, MT
• Lot 3 Fowler SUBD, Roberts, MT
• 75 Lower Luther Road
Whether you want to ride leisurely in the summer, take a clinic from the Montana-native “Horse Whisperer” Buck Brannaman, or go “loping through fresh powder snow on a blue bird day,” like Gilley, your perfect Montana escape awaits. Call Allison Gilley at Big Sky Sotheby’s International Realty to inquire about properties or chat about her love of horseback riding: 406.995.2221.