Friday, September 03, 2010
   
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The Guide to Shared Luxury Property

The Oyster Circle Overview

  Overview

 Membership Pricing
 Initial Membership Fee (highest)$468,000
 Annual Dues (highest)$37,440
 # Nights35
 % Membership Refundablevaries (see below)
 Refund Basis3 in 1 out
 Homes
 # of homes10
 # of locations10
 Average Value$3,200,000
 Members per Home6:1
 Club
 Number members60+
 Founded2005

website


theoystercircle.com

If you're seriously considering joining a destination club then download "Destination Clubs: A Guide for Prospective Members". The Guide will give you an in-depth view of the different clubs including their homes, services and questions to consider prior to joining.

Description

The Oyster Circle is a European based destination club, with additional properties in the Caribbean, the USA, and South Africa.

The club has three membership levels, two are individual levels and one is a corporate level. They are summarized in the tables below. Note the memberships are priced in Euros and this is what we've used below, but in the table above we've translated them to US$ at an exchange rate of 1.3 $ to the €.

 Shares
Individual
Individual
Corporate
 Initial Fee€330,000€330,000€400,000
 Annual Dues€21,000€25,200€30,250
 Days Usage283535

Members can purchase additional days of usage at €900 ($1,170) per day, but these can only be used within three months of travel.

When a member resigns they get back 80% of their initial fee if they have been a member for 2, 3 or 4 years, or if they resign after 5 or more years they can get the higher of either 100% of their initial fee or 80% of the current value of a membership. No resignations are allowed in the first year of membership.

The club maintains a members to home ratio of 6:1, and plans to enroll 400 members and have 67 luxury homes in 50 destinations. The homes have a typical value of €2.5m ($3.9m) and a typical size of 3,800 sqft for villas and 2,200 sqft for city apartments.

The club is headquartered in Dublin, Ireland.

Here's where you can start to compare Oyster Circle to the other destination clubs.
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