Wednesday, February 01, 2006


Timeshare In Santa Barbara County Is On Its Way

With Trendwest’s opening of the new WorldMark resort in Solvang, timeshare in Santa Barbara County is on its way. The most visible new project of course has been Bill Levy’s Ritz-Carlton, a fractional development in downtown Santa Barbara that is still not quite a sure thing. But that’s not all.

In Goleta, the privately owned Bacara timeshare resort plans to develop what it calls its “phase two,” consisting of more than 60 vacation units with two and three bedrooms. The project would be similar to a private residence club, with Bacara managing the timeshare property.

In downtown Santa Barbara, a development of seven condominiums called Casa Mina was completed and put up for sale as regular condominiums last summer with price tags at $2 million and up. After about a month of advertising the units for sale, the developer quietly took the condos off the market and decided to pursue the fractional ownership route instead. Their Web site, which is still under construction as of this writing, shows the Club Casa Mina Santa Barbara pricing beginning at $395,000.

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