Timbers Kiawah sells out, records $35.3M sales in 2021

Fractional ownership project on Kiawah Island and owned by Timbers Resorts has sold all shares of available units

Timbers Kiawah, a fractional ownership residential on Kiawah Island in South Carolina, has sold out, logging over $35 Million in combined contracts and closings. Posted on Charleston Regional Business Journal on 12/6/2021:

Final prices for three-bedroom spaces logged in at $675,000 at a 1/9th deeded fractional interest, while penthouses sold for $1.7 million at 1/6th deeded fractional interest.

Timbers Kiawah owners get six weeks of access a year to one of the 18 three-bedroom spaces, while penthouse owners purchase eight weeks in one of the three. Unlike a timeshare, which is not allowed on Kiawah Island, Kiawah Timber units only have nine owners. A timeshare is defined by having 13 or more.

Chris Burden, chief development officer for the Winter Park, Florida-based company, said homebuyers love the turnkey aspect, as well as the dedicated concierge service that responds to any need any time of day.