As further validation to the success of the Equity Estates equity-based club model as well as the club's continued owner membership growth, Equity Estates recently announced the addition of four additional properties to its portfolio: Costa Rica, Paris, France, Scottsdale, Arizona; and Maui, Hawaii.
This addition marks another strong year in 2011, following three consecutive years of nearly 50 percent growth for the company. In Costa Rica, Casa Cristal is an oceanfront compound, located in Playa Langosta in the Guanacaste region of Costa Rica, just south of Tamarindo. The Equity Estates home is over 6,000 square feet and has five bedrooms and five baths, in addition to caretaker's quarters behind the garage where the Equity Estates Local Host resides and serves the owner members.
While the architectural style is ultra-modern, the home is designed to be comfortable and take advantage of the views throughout the home of the Pacific Ocean. The property sits on two titled beachfront lots and is comprised of a main house with three bedrooms, three baths, and two separate guest suites, each with en suite baths. The outdoor space offers outdoor dining, an eight-person Jacuzzi and an infinity pool.
The Equity Estates Paris residence is located next to the Champs-Elysées and a three-minute walk from the Franklin D. Roosevelt Metro Station. Recently renovated, this 1,900-square-foot residence has two bedrooms with private bathrooms, air-conditioning throughout, and high ceilings providing a unique sense of space and light.
The new Equity Estates Scottsdale residence is a desert retreat, overlooking the 14th hole of Troon North's Pinnacle Peak course. The owner members enjoy a substantial outdoor living space, that includes lounge areas, pool, fire pit, hot tub and dining areas. This 4,000 square feet, three-bedroom home also has a large study that easily converts to a fourth bedroom.
In Hawaii, the Equity Estates home is a sprawling, six-bedroom estate on two acres in Kapalua on the island of Maui. The home sits on the famed Plantation Golf Course, home to the first PGA Tour event of the year. The Maui home has been professionally decorated with antique Chinese pieces direct from Shanghai. It also features a chef's kitchen, five ensuite bedrooms and a media room that easily converts to a sixth bedroom. This home replaces Equity Estates property in Wailea. Equity Estates plans to add an additional six residences to the portfolio before the end of the year.
Equity Estates is a member-owned company that plans to ultimately own between 43 and 50 homes and include no more than 300 members. The club functions as a Regulation D exempt security where members are owners of the club properties. Based on this model, the club may only work with accredited investors and cannot actively market their club. Despite the restrictions placed on the club's marketing, Equity Estates has quickly
emerged as one of the leading clubs in the industry.
Photos Courtesy of Equity Estates (Costa Rica residence featured in main image)