The Reef's Club Frequently Asked Questions
What is The Reefs Club?
The Reefs Club is an elegant, private residence club comprising luxurious two- and three-bedroom beachfront residences in the heart of Southampton, Bermuda. The Reefs Club boasts one of Bermuda's most coveted locations and offers owners a wide variety of amenities and services, providing worry-free ownership to ensure hassle-free vacations.
If I purchase at The Reefs Club, do I own Bermuda real estate?
Yes. Ownership is evidenced by a real estate deed. Each Club owner is conveyed a 1/10 undivided, deeded interest in one of the Club's fully furnished residences, and has flexible access to all residences within their residence category (two- or three-bedroom). Like other real estate, ownership may be sold, willed or transferred at any time.
How many ownerships will be sold?
The Reefs Club offers only ten ownerships for each Club residence. With just 19 residences, that means 190 owners.
What are the advantages of private residence club ownership?
Residence club ownership is designed to provide owners with generous and flexible vacation use and remove the worries typically associated with foreign-home ownership. Residence clubs also significantly reduce the financial burden with sensible upfront and annual costs more commensurate to typical second home use.
Have private residence clubs been developed at other prestigious resorts?
Yes. Since the early 1990s this ownership concept has been enthusiastically embraced by affluent buyers at premier resorts such as Aspen, Vail, Telluride, and Steamboat Springs, Colorado; Deer Valley, Utah; Napa Valley, La Quinta and Lake Tahoe, California; New York, New York; Florence, Italy; and Cabo San Lucas, Mexico. Each of these residence clubs is owned and operated much like The Reefs Club. Similar residence clubs are being planned in a variety of other prestigious beach, golf, mountain and urban destinations.
As an owner, how often may I vacation at my Club?
As often as you wish, subject only to The Club's innovative reservation procedures and Bermuda Government policy. As a Club owner, you have the flexibility of reserving vacations well in advance, as well as booking on a space-available or short-notice basis. Additionally, owners may exchange vacations among themselves and consider other destinations through the Club's participation in The Elite Alliance, Elite Alliance Select and 3RD HOME reciprocity programs. You pay only the published housekeeping fees when you vacation at your residence.
Is The Reefs Club a timeshare development?
No. The Club offers deeded real estate ownership and is enjoyed much like a private equity golf country club. Timesharing typically provides "points" or the right to use only a specific week and lodging is limited to a specific unit. Club owners have access to all Club residences of their ownership category (two- or three-bedroom) with flexible usage, subject to the reservations procedures and availability.
How do owners reserve Club lodging?
The Reefs Club reservation system allows owners to plan reservations far ahead - up to one year in advance, make space available reservations or even make short-notice reservations on a last minute basis. There is no set limit as to how much an owner can use the Club and there is no assignment of "weeks".
What is the quality of construction, furniture and accessories at The Reefs Club?
Construction is of the highest quality and is comparable to other luxury Bermuda vacation residences. Vision Design of Dallas, Texas, created the sophisticated interiors of each fully furnished residence.
Do owners pay annual fees?
Yes. Club owners pay annual fees for the professional management, operation and maintenance of all Club residences and facilities. These fees are significantly lower and are more comprehensive than those of a wholly owned vacation home. Included in the annual fees are funds for property taxes, insurance, utilities, administrative salaries, supplies, maintenance, trash removal, legal/accounting, transportation, and reserves for the replacement and/or refurbishing of Club facilities. Please call 800.493.0724 to request a Financial Information sheet for current estimated annual fees.
If I purchase, when will I begin enjoying vacations at The Reefs Club?
The Reefs Club is ready for you to enjoy today!
What if I have more questions?
If you have any additional questions about owning at The Reefs Club you may contact us toll-free at 800.493.0724 or in Bermuda at 441.239.0190. Or request more advanced ownership information delivered to your inbox now!