This breathtaking corner penthouse unit is located on the top floor (5th floor) with vaulted ceilings in the living room. The unit has a balcony off the living room and master bedroom, which overlooks the water. Enjoy the beautiful and famous Key West sunsets from your own private balcony.The master bathroom has double sinks, as while as a separate walk-in shower and whirlpool tub. The secondary bathroom has a single sink with a walk-in shower. There are three TVs, one in each bedroom, and one in the living room.The Galleon Resort is situated within walking distance of Duval Street, and only 5 blocks from Mallory Square. You are within walking distance of all of the restaurants, bars, entertainment, and shops on Duval Street. Free parking is included with ownership of the Unit.There is a pool and hot tub located on the property. The Galleon also has a Tiki Bar on its premises. There are BBQs on the property.Maintenance fees 2024: $1,395Property taxes billed separately. Property taxes 2024: $128.50*Closing costs and transfer fees are to be paid by the buyer**Buyer to pay maintenance fees for first year of usage*
70% of
timeshares are
2+ bedroom units
with an avg. of 1,160 sqft
Private Rooms
2
Price
$38000.00
Annual Dues
$1395.00
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.