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I've been looking for a Keys TS and I have noticed a lot of Coconut Mallory units and points for sale. Any one know the reason(s)?
Kris
Kris
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check the reviews. Then look into maintenance fees and potential special assessments. If you have an RCI account, you can also check what the trading power would be on the weeks side, and you should find out what it would get in RCI points, if you are buying a points contract. -
I'm a noobie. I have checked the reviews. I don't have an RCI account. Where would I check for MF and special assessments?Comment
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If you are thinking of buying, what week/unit size are you looking at? Would you be buying so you could use it/stay at Coconut Mallory, or to exchange for other places?Originally posted by ready123go View Post
The resort will tell you what the Maintenance Fees are and whether any special assessments are pending.Comment
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Go to Coconutsuites.com for more information. The Coconut Mallory also has an affiliation with Diamond resorts the club.Comment
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I googled Key West timeshares for sale and looked at the first hit.
Yeah, there were a lot of Coconut Mallory's, but it looked like more Hyatts. (I didn't count)
Could it be something as simple as the size of the resorts?
Hey, look at this site:
http://www.specialassessmentwatch.co...L/default.aspxRCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dickComment
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Could it be something as simple as the size of the resorts?[/QUOTE]
I was thinking the same think,You Have to look at the size of the Resort, and also the age of the Resort,as older resort normaly has older owners,who no longer or able to use there weeks, or afford them, as there are on fix income that has not been wellComment
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JLB - Thanks for the link!
The age of the resort and owners makes sense. I guess I was wondering if they all knew something about the resort that would be of interest to the timeshare community - i.e. Coconut Mallory closing, changing management, etc. The sheer volume was a little startling. There are 3 Hyatt's in KW, which accounts for that volume.Comment
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Yeah, I know there's three Hyatts. Even I didn't, I would now, after looking at the listings, and after you telling me.
There's only one Galleon, and it had quite a few listings.
With the Internet, if there was a problem at a resort you can find it with a search engine, and I could not.
My guess is that there are just a lot of listings now.RCI Member Since 24-Aug-1989/150-plus Exchanges***THE TIMESHARE GRIM REAPER~~~Exchanging/Searching/SW Florida/MO/AR/IA/Consumer Advocacy/Estate Planning/Sports/Boating/Fishing/Golf/Lake-living/Retirement****Sometimes ya just gotta be a dickComment
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The biggest thing CM has going for it is that it is in KW - that said, you can't get much farther away from Old Town KW (the area that most people prefer to be in) and still be in KW than with the CM. While some like the CM due to its boat dock, it is an older property that has been somewhat "under maintained".
You add that up, and you get alot of CM owners that want out.Comment
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I have stayed there (OK, several years ago) and the resort is small, older and had not been well kept. It is as far away from Duval Street as you can get and still be on Key West. I think the fees were high (but it is Key West) and at the time I stayed there I was certain a special assessment should be on the horizion. That said, it was in 2005 and I never followed up to see if the units had been scheduled to be refurbished. Another thing, the unit we stayed in was two stories and it was actually a full flight plus some steps from the first to second floor.
Joy“ Peace, if it ever exists, will not be based on the fear of war but on the love of peace. ”
— Herman WoukComment
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Thanks for the link, JLB. I checked quickly our timeshares but not all were accurate and one had no input at all. Since I don't know the right figures offhand, I decided not to fill it in as we do it here too.Originally posted by JLBComment
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MF ands Spec. assessment link
Yes, thanks for the link. This will be a reference I check in the future.Comment
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Belated input on Coconut Mallory from a former owner...
I can't explain the volume of "for sale" offerings at CM, but I will provide a few comments as a (now former) owner (...I sold my week there about two years ago). These personal observations may or may not be contributing factors:Originally posted by ready123go
1. As far as I know, all weeks at CM are "floating" weeks. No "fixed week" ownerships exist at CM --- just a few other stray access to weeks via DRI's "The Club". As a result, it's basically an annual "free for all" for owners to book the most highly desirable weeks. Maybe some owners have simply tired of playing that game, if they have "lost" it too many times and have become frustrated.
2. The on site staff was consistently the most unhelpful and hostile collection of employees I've ever encountered in nearly 30 years of timeshare ownership and experience. I never actually needed or wanted anything from them myself, but I was always amazed at observing their overtly displayed "bad attitude".
If that's still the case (and I have no idea if it is), then I have no doubt that many owners have simply grown tired of that too.
3. When I sold my week, there was a new "full ownership condo" project underway, right smack dab in the middle of the property. With on site parking there already a bit difficult, I can't imagine that this project helped the already-difficult parking situation, to say the least...
4. The on site sales weasels (and they were indeed weasels) had essentially somehow taken over what was once a gathering / activity room and bar. I never quite understood this odd development, since the room then became closed and inaccessible much of the time --- and the sales weasels also had a nice little video-equipped tiki hut nearby in which to "close" their marks anyhow.
The above observations may well all be completely irrelevant to your question. I do know, however, that I was very glad to be rid of my ownership at Coconut Mallory. Even losing money on the resale, I still happily regarded it as a personal "gain" to just be done with the place. I love Key West and we still go there periodically (renting a week elsewhere in KW), but I truly grew to have no use for Coconut Mallory. Good riddance, as far as I'm concerned.
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