
We are pleased to introduce you to a new and exciting way of owning and enjoying your dream vacation home in the Vail Valley…Mosaic Residences.
Mosaic Residences is an elite collection of single family homes, townhomes, and condominiums, each chosen for outstanding location, character, and value. These luxurious residences are offered for sale under a shared ownership program that conveys all the enjoyment and benefits of a dream vacation home without the full financial burden of whole ownership. Shared ownership’s usage options are identical to whole ownership: occupy the residence, send friends, family or business associates; or offer for rental where permitted. Each Mosaic Residence buyer simply pays one fourth of any and all costs of ownership and refurbishment; there are no additional fees for the program.
Mosaic Residence ownership represents a deeded equity interest in real property. Each residence has four owners who share the year evenly and pay one fourth of the purchase price and the annual expenses. Each property is subject to a set of recorded covenants, conditions and restrictions that formalizes the rights and responsibilities of each owner, covering all salient governance issues, such as owner use scheduling, property upkeep and repair, operating expense allocations, reserves for replacement, resales, and so forth.
Each residence will be elegantly refurbished, furnished, and decorated by Slifer Designs, the nation’s leader in luxury mountain interior design, and delivered to the owners in brand new condition. Since Mosaic Residence ownership represents an equity position in real property, financing is available to qualified buyers through Millennium Bank, First National Bank of Santa Fe, or through the financial institution of your choice.
Mosaic Residences represent the very best value in the Vail Valley second home market today!
REAL ESTATE OWNERSHIP CHARACTERISTICS WHOLE vs. MOSAIC RESIDENCE vs. FRACTIONAL