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In The News:

Fractional Ownership News
Sales launch at North Carolina fractional ownership community

 

dBusinessNews
Co-Ownership Makes Vacation Home Ownership Affordable Again

 

Carolina Newswire
Richard Stockett Announces Opening of Sales Office for MainSail of Beaufort; New Coastal Townhomes Starting at Less Than $60K

 

Carolina Business Connection
New Coastal Townhomes

 

Triangle.com
Raleigh Developer Offers New Coastal Townhomes for Less Than $60k

 

Wake MyNC.com
New Costal Townhomes Starting at Less Than $60K

Michael Allen Named Preferred Agent for New Development

ROCKY MOUNT, N.C. (November 17, 2009)—Michael Allen with Boone, Hicks, Allen & Ricks Real Estate, a Rocky Mount-based real estate agency (www.mikeallenhomes.com), has been named a preferred broker for MainSail of Beaufort (www.mainsailofbeaufort.com). Boone, Hicks, Allen & Ricks Real Estate can be reached by calling (252) 443-4148 or visiting www.mikeallenhomes.com.

 

Mike Burke Named Preferred Agent for New Development

JACKSONVILLE, N.C. (October 22, 2009)— Mike Burke of Century 21 Champion Real Estate, a Jacksonville-based real estate agency (www.iselljacksonvillenc.com), has been named a preferred broker for MainSail of Beaufort (www.mainsailofbeaufort.com). Burke can be reached by calling (910) 455-5328 or visiting www.iselljacksonvillenc.com.

 

Judith McMillen and Linda Powers Named Preferred Agents for New Development

GOLDSBORO, N.C. (November 17, 2009)— Goldsboro-based real estate agents Judith McMillen with Prudential The McMillen Group (www.themcmillengroup.com) and Linda Powers with Century 21 Dees & Tyndall (www.lindapowersrealestate.com), have been named preferred brokers for MainSail of Beaufort (www.mainsailofbeaufort.com). McMillen can be reached by calling (919) 778-9500 or visiting www.themcmillengroup.com. Powers can be reached by calling (919) 778-4373 or visiting www.lindapowersrealestate.com.

 

MainSail Development Names Preferred Brokers in the Triangle

The Dream of Owning Property on the Carolina Coast is Now Affordable

Raleigh, N.C. (November 17, 2009)—Six Triangle-based REALTORS® have been named preferred brokers for MainSail of Beaufort (www.mainsailofbeaufort.com). The agents have received special training in brokering co-ownership and have preferential access to the sales center and developer support.

“We are developing a vacation community and it is important that our residents experience the community through trusted representatives easily accessible and near their home,” says Richard Stockett Developer of MainSail of Beaufort. “The preferred agent structure will help build those relationships and make information more accessible.”

The preferred agents in the Triangle are:

The MainSail of Beaufort townhomes are being sold in one-tenth co-ownership shares, better known as fractional ownership. Pre-sale pricing starts below $60,000, saving consumers up to $15,000 from the average price. While construction is going on, preferred agents have access to the on-site sales office featuring a view from the rooftop terrace so prospective buyers can get a feel for the vistas and privacy each unit offers.

The newest Southern Star Community.

The 7.94-acre coastal project of luxury townhomes are three stories with three bedrooms and baths, an open floor plan living/dining area and storage lockers in the garage for each owner. The townhomes also feature two porches, two decks, a private elevator, a large two-car garage and a roof-top terrace with great water views over Town Creek and the Newport River.

The units come fully furnished for the $59,900 pre-sale price. A low monthly HOA fee will cover all subdivision and townhome expenses including: taxes, utilities, insurance, grounds keeping, maintenance, repairs, hurricane preparations and maid services. This means that instead of spending vacation time mowing the lawn and re-staining the deck, owners can relax and enjoy the view from the rooftop terrace, go boating and fishing, or enjoy the shops on Front Street. The addition of on-site management, spa facilities and concierge services provide a true resort-style vacation experience.

About MainSail of Beaufort:

MainSail of Beaufort is a Southern Star Community located in Beaufort, North Carolina. MainSail townhomes offer buyers an outstanding vacation experience and lifestyle in a manner that cannot be found elsewhere in coastal North Carolina. MainSail is conveniently located within walking distance of Beaufort's Front Street restaurants, shopping district and the Town Creek Marina. The new development's charm and amenities combined with the hassle-free and affordable co-ownership structure make MainSail a unique, one-time opportunity. Visit www.mainsailofbeaufort.com for more information.

 

Aldridge & Southerland and Ramsey Smith Group Named Preferred Agents

GREENVILLE, N.C. (November 5, 2009)—Greenville based real estate firms Aldridge & Southerland (http://aldridgeandsoutherland.com) and the Ramsey Smith Group (www.ramseysmithgroup.com), has been named a preferred agents for MainSail of Beaufort. Aldridge & Southerland can be reached by calling (252) 756-3500 or visiting http://aldridgeandsoutherland.com. Ramsey Smith Group can be reached by calling (252) 758-3995 or visiting www.ramseysmithgroup.com.

 

Jeff Chesson and Harry Gauss Named Preferred Agents

WILSON, N.C. (November 5, 2009)— Wilson-based real estate agents Jeff Chesson with The Chesson Agency (www.chessonagency.com) and Harry Gauss with First Wilson Properties, Inc. (www.HarryGauss.com), have been named preferred brokers for MainSail of Beaufort (www.mainsailofbeaufort.com). Chesson can be reached by calling (252) 399-9500 or visiting www.chessonagency.com. Gauss can be reached by calling (252) 237-9900 or visiting www.HarryGauss.com.

 

ERA Montague & Associates Named Preferred Agent

KINSTON, N.C. (November 5, 2009)—Deborah Hood, Broker of ERA Montague & Associates, a Kinston-based real estate firm serving Lenoir, Wayne and Greene counties (www.erakinston.com), has been named a preferred broker for MainSail of Beaufort (www.mainsailofbeaufort.com). You can reach Deborah Hood at ERA Montague & Associates by calling (252) 521-7755 or visiting www.erakinston.com.

 

Drake Bratton and Craig Emmerich Named Preferred Agents for New Development

NEW BERN, N.C. (November 5, 2009)— New Bern-based real estate agents Craig Emmerich of Keller William Realty (www.newbernsbestagent.com) and Drake Bratton of Coldwell Banker Willis-Smith (www.coldwellbankerhomes.com) have been named preferred brokers for MainSail of Beaufort (www.mainsailofbeaufort.com). Emmerich can be reached by calling (252) 514-6236 or visiting www.newbernsbestagent.com. Bratton can be reached by calling (252) 638-3500 or visiting www.coldwellbankerhomes.com.

 

Team Arleen Realtors Keller Williams Named Preferred Agent

GREENSBORO, N.C. (October 9, 2009)—Team Arleen Realtors, a Triad-based Keller Williams Realty affiliate (www.teamarleen.com), has been named a preferred broker for MainSail of Beaufort (www.mainsailofbeaufort.com). Team Arleen can be reached by calling (336) 885-6500 in High Point area, (336) 292-0805 in the Greensboro area or visiting www.teamarleen.com.

 

Bluewater-GMAC Real Estate Named On-site Agency

Now that dream of owning property on the Carolina Coast can finally come true.
BEAUFORT, N.C. (September 5, 2009)—North Carolina Crystal Coast real estate agency Bluewater-GMAC Real Estate has been named the on-site agent for MainSail of Beaufort (www.mainsailofbeaufort.com). On-site team members include Pat Copeland, Eleanor Copeland, Maurice Phelps, Jimmy Paylor, Sharon Salmon and Carolyn Crank. The new sales office features a room with a simulated view from the rooftop terrace so prospective buyers can get a feel for the vistas and privacy each unit offers. The on-site sales team can be reached by calling (252) 504-3334, toll free (866) 803-0073 or visiting www.mainsailofbeaufort.com.

 

Team Arleen Realtors Keller Williams Named Preferred Agent

BEAUFORT, N.C. (September 3, 2009)—Richard Stockett, residential developer for 27 years, announces today the opening of the sales office for MainSail of Beaufort (www.mainsailofbeaufort.com), a Southern Star Community. The vacation townhome development is offering co-ownership with a pre-sale price tag starting below $60,000. Buyers have the opportunity to purchase for $15,000 below the average price for the development.

Co-ownership is MainSail's version of fractional ownership, a growing trend in second and vacation home properties. The MainSail model limits ownership to 10 per townhome. This guarantees each deed holder a minimum of five weeks of use, 25 percent more usage than other similar properties in North Carolina. Co-ownership can be financed through multiple means and comes with a general warranty deed that can be sold, mortgaged or willed to heirs, independent of other owners. In addition, co-ownership has traditionally followed local real estate in appreciation of property value.

"Looking at the best ways to move coastal development projects forward in the tightened economy, co- ownership is appealing because of the affordability to the buyer," says Stockett. "Other similar products on the market tend not to provide the depth of management and usage programs that MainSail does. That is why I coined the phrase co-ownership, to differentiate MainSail from other, less comprehensive offerings."
MainSail townhomes are three-story, 1,925 square-foot homes with three bedrooms, three bathrooms, a roof top terrace, two decks, two porches, large two-car garages and an elevator in each unit. On-site amenities include a large pool, hot tub, cabana, clubhouse with fitness room, spa facilities, a large gathering room, and a full-service concierge. The development is located just minutes from the Town Creek Marina, offers a neighborhood community pier, and is within walking distance to restaurants and shopping district on Front Street.

Construction of the townhomes is planned for late 2009 to allow for occupation by May 2010. The new on- site sales office features a view from the rooftop terrace so prospective buyers can get a feel for the vistas and privacy each unit offers. Bluewater-GMAC Real Estate serves as the on-site agent and can be reached by calling Eleanor Copeland at (252) 504-3334 or visiting www.mainsailofbeaufort.com. In addition, preferred agents are being identified across the state and will be trained on the unique advantages of co- ownership.

About MainSail of Beaufort:
MainSail of Beaufort is a Southern Star Community located in Beaufort, North Carolina. MainSail townhomes offer buyers an outstanding vacation experience and lifestyle in a manner that cannot be found elsewhere in coastal North Carolina. MainSail is conveniently located within walking distance of Beaufort's Front Street restaurants, shopping district and the Town Creek Marina. The new development's charm and amenities combined with the hassle-free and affordable co-ownership structure make MainSail a unique, one-time opportunity. Visit www.mainsailofbeaufort.com for more information.

 
 
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