Clearwater Beach FLorida Condo Hotels are popping up as a Hassle Free Alternative to Luxury Vacation Homes.

Condo Hotels find a Home on Clearwater Beach, Florida

Have you heard about the latest craze in vacation homes - buy into a  Condotel  or also known as a Condo Hotel. Many boast that they offer a great alternative to luxury vacation home ownership. 

How do Condo Hotels work?

You actually buy into a Luxury Vacation Resort and the Condo Unit is then rented out when you're not using it and this rent helps offset your cost of ownership.

The Condo Hotel concept actually started in Miami and Ft Lauderdale, Florida and now you can find luxury Condo Hotels cropping up in cities like Celebration, FL, Las Vegas, NV, New York, NY and Chicago.

Tampa Bay Luxury Condo Buyers have shown an attraction to these types of property in areas where the cost of owning a second home is high like Clearwater Beach where the average condo price has almost doubled in the last 3 years.

Condo Hotels are typically luxury 4 and 5 star world class resorts managed by some of the finest names in hospitality like Hyatt, Ritz Carlton, Four Seasons, Trump International to name a few.

Is a Clearwater Beach Condo Hotel the same as a Timeshare?

No, but that is a common question. Unlike a time share the Condo Hotels in the Tampa Bay Area are yours to use as much as you'd like within the agreed to guidelines while a timeshare is usually just assigned for your use on a designated period of time every year like one week.

Also, with a Clearwater Beach Condo Hotel, when you are not using it and it is rented out you typically receive about 50% of the rental fee making this an attractive feature for some, not to mention the luxury lifestyle offered along with the potential for hassle-free ownership.

Another advantage of a Clearwater Beach Condo Hotel over a Timeshare is that it is typically easier to resell because for the reasons mentioned above.  

Options for Financing your Clearwater FL Condo Hotel Unit?

As the Condo Hotel Unit has become more common it has become easier to find lenders to finance these properties, however, they typically require a 20-30%  downpayment on the unit.

Clearwater Florida Condo Hotels Available Now

• Cay Clubs Resort and Marinas, Clearwater Florida
• Clearwater Cay Clubs

Clearwater Beach Florida Condo Hotels accepting Reservations - To be built

• Aqualea Resort and Residence of Clearwater Beach Florida
• Kiran Grand Resort and Spa, Clearwater Beach Florida

Other Florida Condo Hotel Resources:

• The History of Condo Hotels
• Celebration, Florida's Colleen Kulikowski - Celebration Florida | Icon Celebration Condominium Residences
• The Mortgage To Go Guy, David Podgursky - Florida Mortgage Loans | Condo-Hotel/Condotel Financing Explained
• Miami, Florida's Ines Hegedus-Garcia - Miamism | Condo Hotel Craze

all information copywrited 2007 by Cyndee & Jack Haydon, Sandbars to Sunsets - We cover it all.