This unit sits on the Marina side of the Galleon Resort with a beautiful balcony view of the Key West Waterfront/Marina.The unit has one primary en suite bedroom with a king size bed and full newly renovated tile bathroom with glass shower and jacuzzi tub. There's a fold out bed in the living room. Both the living room and primary bedroom have access to the balcony.The second bedroom is an efficiency unit with a separate front door/entrance. It can be closed off from the main one bedroom unit via locking adjoining doors in the hallway turning one 2 bedroom unit into two separate units.You can occupy the one bedroom unit and rent out the 2nd bedroom as a Lock Out/Efficiency unit.Current rental rates are approximately $300 to $400 per night for the Lock Out/Efficiency unit. Income from renting it is a great way to pay your annual maintenance fees. You use the main unit and one bedroom. You rent out the 2nd bedroom/Lock Out unit and stay for free because the rent you earn covers your maintenance and taxes.The Lock Out/Efficiency Unit has a queen size bed, TV and small table for two in addition to a shower bath, walk in closet and small kitchenette equipped with a small fridge, sink and microwave oven.The full unit is equipped with 3 TVs, a full stainless steel refrigerator, electric stove/oven, microwave, dishwasher, coffee maker, toaster, dishes, pots and pans, glassware and an in-unit washer and dryer.The building has elevator access and handicap amenities.There are BBQ facilities on the property, a dock that provides a spectacular view of sunset and a rooftop observation deck overlooking the Gulf and Key West Marina. There is a small protected beach with a great view of sunset and whirlpool hot tub on the property. One Parking space is provided for one car. No pets or RVs are allowed on the property. Daily housekeeping services are available upon request to the resort, for a fee. Otherwise, housekeeping provides a free linen and towel change on Wednesdays.The Galleon Resort is just steps away from Duval Street and Mallory Square. The Resort sits on both the Gulf of Mexico and the Key West Marina. It has a pool, hot tub, small beach, and Tiki bar with a fabulous view of the Gulf and sunset. You can relax at the resort in peaceful paradise or dance til dawn on Duval. The choice is yours at the Galleon.Buyer to pay all closing costs approx $1200 if you choose to do a title search too.
70% of
timeshares are
2+ bedroom units
with an avg. of 1,160 sqft
Private Rooms
2
Price
$50000.00
Annual Dues
$1375.00
Total Cost : $19,557.00
Total Savings : $19,557.00
X
HOTEL
The avg.
hotel room is 325 sqft
How many years do you plan to travel?
A study on travel trends published by AARP found that the average 55-72 year olds reported taking 4-5 vacations in 2017. People typically slow their travel after the age of 75. Use the tool below to adjust how many years you plan to travel:
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Don't forget about inflation!
Inflation is defined as the increase in the price of goods and services over a period of time. According to the International Monetary Fund, the average global economy's annual percentage change from 1980 to 2018 was 4.6%.
Avg. Annual percent change
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VS.
TIMESHARE
70% of
timeshares are
2+ bedroom units
with an avg. of 1,160 sqft
More information on our formula...
Hotels usually sleep 2 adults per room, whereas the average timeshare units offer multiple private bedrooms, sleeper sofas and sometimes even bunk beds - adding value not calculated here. Timeshare properties are condo style units that contain all of the comforts of home... and then some!
Hotel total cost includes a 10% hotel tax whereas the average U.S. hotel tax is currently around 13.4%.
Timeshare total cost includes an increase in maintenance dues each year of 3%, as well as an estimated $1,000 in closing and transfer costs. These are estimated and will vary by state, county and resort.
Total savings does not take into consideration the added benefit of a timeshare unit having a spacious living room, washer and dryer, dining room and full kitchen, all of which add value and potential savings when you have the option to do your own laundry and enjoy a home cooked meal instead of dining out.