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59822

$500.00

Ocean Key Resort

For Sale

424 Atlantic Ave, Virginia Beach, VA, USA

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For Sale

424 Atlantic Ave, Virginia Beach, VA, USA

$500.00

Details
Address

Details

Updated on September 16, 2024 at 2:54 pm

Price: $500.00
Bedroom: 1.0
Bathroom: 1
Annual Maintenance: 880.0
Week: 36
View: Varies
Seller Notes: Fixed Week: 36 Next use: 2024 Maintenance fees 2023: $880 *Closing costs and transfer fees are to be paid by the buyer* *Buyer to pay maintenance fees for first year of usage*
Sleep Capacity: 4
Usage Type: Annual
Kitchen: Full
Ownership Type: Deeded

Address

Open on Google Maps

Address 424 Atlantic Ave
City Virginia Beach
State/county VA
Zip/Postal Code 23451
Country USA

Contact Information

Timeshares Only
407-465-1888

Enquire About This Property

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Details

HOTEL

The avg.
hotel room is
325 sqft

Rooms

Nights

Years

Nightly Rate/Room

$125

Total Cost : $122,778.99

See how we calculated this total v

VS.

TIMESHARE

70% of
timeshares are
2+ bedroom units
with an avg. of
1,160 sqft

Private Rooms

Price

$500.0

Annual Dues

$880.0

Total Cost : $19,557.00

Total Savings : $19,557.00

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:

Years of Travel

Recalculate >

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

Recalculate >

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.