Powhatan/Sunterra

[Spence Super Moderator Find all posts View Profile Close Spence]

Holiday ID: 39135

Listed at $3802 this holidaygroup unit can probably be had for 20-30% off.
Converts to 15,000 SunOptions annually and gets a free week 53 every seven years or so making an average ~17000 SunOptions/year.
Converts to 9500 SunOptions annually and gets a free week 53 every seven years or so making an average ~10857 SunOptions/year.

$3802 * .80 = ~$3000 + ~450 cc = ~$3500
(Now on sale for $2802)

$3500 + $2995 conv fee = ~$6500

$6500 / 17000 = ~37cents per SunOption, not bad!
$6500 / 10857 = ~60cents per SunOption, not so good!

Find another similar holiday week and bring the price per SunOption down even lower when converting together.
Hold out for a 4BR!!!


3BD SUNTERRA POWHATAN WILLIAMSBURG VIRGINIA TIMESHARE
Sunterra Resorts Powhatan Plantation Item number: 150031569497
Now up for bid for only $599
$599 + ~450 cc = ~$1050
$1050 + $2995 conv fee = ~$4050
$4050 / 10857 = ~37cents per SunOption, not bad!

[Spence Super Moderator Find all posts View Profile Close Spence]

OOPS
not as good... it's a 3BR so not worth enough points.

[Spence Super Moderator Find all posts View Profile Close Spence]

2BR LOCK-OFF Branson GOLD CROWN Platinum RED Timeshare
Sunterra Plantation at Fall Creek - Paypal -NO RESERVE
Item number: 290022315183

Curently at $305 with 8 hours to go.

$305 + $500 closing/xfer + $2995 conv fee = ~$3800

$3800 / 7500 = ~50cents per SunOption, OK with low MFs/point of .06!

Find another similar week or one of the many 'Trust' properties going on eBay and bring the price per SunOption down even lower when converting together.

[Spence Super Moderator Find all posts View Profile Close Spence]

Powhatan Plantation Resort
eBay Item number: 200021170527

Went for $1627.50, never seen a holiday week go this low.

Converts to 15,000 SunOptions annually

$1627.50 + ~565 cc = ~$2222

$2222 + $2995 conv fee = $5217

$5217 / 15000 = ~34.8cents per SunOption, not bad!

Find another similar holiday week and bring the price per SunOption down even lower when converting together.

[Spence Super Moderator Find all posts View Profile Close Spence]

Scottsdale Villa Mirage
eBay Item number: 330025219638

Currently at $5500, BIN at $9500

30,000 SunOptions annually Gold Elite membership!

$5500 + 350 cc = 5850
$9500 + 350 cc = 9850

$5850 + $2995 conv fee = $8845
$9850 + $2995 conv fee = $12845

$8845 / 30000 = ~29.5cents per SunOption, not bad!
$12845 / 30000 = ~42.8cents per SunOption, not bad either!


Weird, with no bids the auction now shows $5850 as the starting bid with BIN of $9200

[madmitch Member Find all posts View Profile Close madmitch]

Well, $1577 annual M&T is a hard one to commit to for many, but having that many points would be ideal for many.
I'm sure you remember these Spence...
49,000 points with 36k banked points added, M&T $2100. Sold for 29cents a point. A very recent 11,000 points sold at 27cents per, with M&T listed at $715.
A 4000 point sale went for 21cents, but the buyer had to pay back maintenance on that one, so it averaged to 30cents/point.

Seems like the Price Per Point has been dropping recently. Think that has anything to do with the state of the corportation? Probably the two sellers closing sales about the same time.

Cheers
Mitch

[Spence Super Moderator Find all posts View Profile Close Spence]

Well, $1577 annual M&T is a hard one to commit to for many, but having that many points would be ideal for many.

Yes but you don't have to as their example shows... in Club Sunterra you can turn in up to 30,000 points for FeeOptions, paying your MFs. In this case, which is rare, the MFs are less than the monetary value they give you for your SunOptions.

I'm sure you remember these Spence...

Actually, I'm suffering from early onset Alzheimers or something similar, that's why I document some of these transactions here.

[Spence Super Moderator Find all posts View Profile Close Spence]

Property at Post#1 now up for bid on eBay @ only $599

[Spence Super Moderator Find all posts View Profile Close Spence]

Holiday ID: 39135

Listed at $3802 this holidaygroup unit can probably be had for 20-30% off.
Converts to 15,000 SunOptions annually and gets a free week 53 every seven years or so making an average ~17000 SunOptions/year.
Converts to 9500 SunOptions annually and gets a free week 53 every seven years or so making an average ~10857 SunOptions/year.

$3802 * .80 = ~$3000 + ~450 cc = ~$3500
(Now on sale for $2802)

$3500 + $2995 conv fee = ~$6500

$6500 / 17000 = ~37cents per SunOption, not bad!
$6500 / 10857 = ~60cents per SunOption, not so good!

Find another similar holiday week and bring the price per SunOption down even lower when converting together.
Hold out for a 4BR!!!


3BD SUNTERRA POWHATAN WILLIAMSBURG VIRGINIA TIMESHARE
Sunterra Resorts Powhatan Plantation Item number: 150031569497
Now up for bid for only $599
$599 + ~450 cc = ~$1050
$1050 + $2995 conv fee = ~$4050
$4050 / 10857 = ~37cents per SunOption, not bad!

I bought it for $619 plus CC.

[Spence Super Moderator Find all posts View Profile Close Spence]

Powhatan Plantation Resort
eBay Item number: 200021170527

Went for $1627.50, never seen a holiday week go this low.
Converts to 15,000 SunOptions annually
$1627.50 + ~565 cc = ~$2222
$2222 + $2995 conv fee = $5217
$5217 / 15000 = ~34.8cents per SunOption, not bad!

Find another similar holiday week and bring the price per SunOption down even lower when converting together.

I bought one just like it tonight for $455 260028863110, why it went for $1627 last week and $455 tonight, I don't know.

[Marti Super Moderator Find all posts View Profile Close Marti]

Sun Option - Conv Fee

3BD SUNTERRA POWHATAN WILLIAMSBURG VIRGINIA TIMESHARE
Sunterra Resorts Powhatan Plantation Item number: 150031569497
Now up for bid for only $599
$599 + ~450 cc = ~$1050
$1050 + $2995 conv fee = ~$4050
$4050 / 10857 = ~37cents per SunOption, not bad!

I bought it for $619 plus CC.

Spence - Is it possible to convert a Powhatan Plantation and/or
Green Spring "fixed week" for less than the current $2,995. Fee?

[Spence Super Moderator Find all posts View Profile Close Spence]

Spence - Is it possible to convert a Powhatan Plantation and/or Greensprings "fixed week" for less than the current $2,995. Fee?

My say on this is that in today's environment a fee of $2995 is non-negotiable. Sunterra corporate will do one property for the $2995.

What you can negotiate on at the sales centers is when they tell you it's $7K for 3000 more SunOptions to convert, you can get them back down to $5K+2000 SunOptions. You can get them to convert multiple units for the same $5K at the same time. You can get them to give you a window of say a year to bring other properties in with no additional fee.

Will it stay $2995 or $5K+2000pts? That's the price point right now. Over the 8 years I've seen it as low as $1164 (if my memory serves me correctly).

[Spence Super Moderator Find all posts View Profile Close Spence]

Powhatan weeks are really hitting rock bottom. Lots of off season weeks going for $1 or 99¢ with no bids. Holiday week recently went for ~$2300. I don't understand why Sunterra isn't sweeping these up and melding them into the Trust at these prices. Bought a Wk36 last night on eBay for $2.24 + $449 CC/xfer. Not a good 'traditional' week being September but it still converts at summer rate of 11,000 SunOptions. MFs work out to be 7.6¢/pt, about the same as the Trust (7.5¢/pt). Greensprings/Powhatan sales center sells Trust 10,000 SunOptions for $30,450.

[madmitch Member Find all posts View Profile Close madmitch]

Sounds like a great deal Spence
I assume you'll opt for the $2995 to convert that to SunOptions?
And I'm curious if "deals" like that are:
a. Buy off-week resale (cheap)
b. Convert to Options ($2995)
c. Increase Portfolio Size (decent bucks)

Sound right?

[Spence Super Moderator Find all posts View Profile Close Spence]

Sounds like a great deal Spence
I assume you'll opt for the $2995 to convert that to SunOptions?
And I'm curious if "deals" like that are:
a. Buy off-week resale (cheap)
b. Convert to Options ($2995)
c. Increase Portfolio Size (decent bucks)
Sound right?

I personally wouldn't buy the off season weeks (Sunterra LOW & MID) as the MF/pt ratio is way too high for my tastes. The one quoted above was not off season, it was HIGH season and I bought it because it was too cheap to pass up, but mainly only go for the PEAK season weeks where the MF/pt is the lowest.