Grand Pacific Palisades Questions

Californian · #1 (**permalink**) 08-21-2008, 01:55 PM

I am looking into possibly purchasing a one or two bedroom week at Grand Pacific Palisades and was wondering if anyone could answer some of my quesitons.

1. What are the different categories for the 1 bedroom and 2 bedroom units? I saw a type C one bedroom unit for sale, but don't know what that means.

2. I was looking for an oceanview unit, which type unit is that?

3. Bonus time: If I buy a one bedroom unit, can I purchase bonus time for a two or three bedroom unit or do I need to stick with the one bedroom for additional bonus time? Is bonus time easy to get? What are the rules for getting bonus time?

4. Does anyone know if all the units have sold? If not all sold, how much inventory is the developer carrying? 10%? 25%?

5. Is there anything else you may think I need to consider before purchasing a unit via resale?

Californian · #2 (**permalink**) 08-21-2008, 01:58 PM

6. Can you split your week or do you need to use the week all at one time?

Thanks!

4ARedOctober · #3 (**permalink**) 09-16-2008, 10:58 AM

I don't know how I missed or forgot about this thread. Let me get my act together and I will respond. Sorry for the delayed response.

4ARedOctober · #4 (**permalink**) 09-16-2008, 11:10 AM

Quote:

Originally Posted by Californian

I am looking into possibly purchasing a one or two bedroom week at Grand Pacific Palisades and was wondering if anyone could answer some of my quesitons.

1. What are the different categories for the 1 bedroom and 2 bedroom units? I saw a type C one bedroom unit for sale, but don't know what that means.

There are two types of 1 BR. Type B is a little bigger and has a walk-in shower in the BR. Type C has a tub shower.

2. I was looking for an oceanview unit, which type unit is that?

OceanView units generally carry a decent premium and are in Villa C overlooking the flower fields and the ocean. They need to be specifically designated Ocean View which is supposed to be guaranteed. You call 90 days out or less to request a unit. The third floor is the best.

3. Bonus time: If I buy a one bedroom unit, can I purchase bonus time for a two or three bedroom unit or do I need to stick with the one bedroom for additional bonus time? Is bonus time easy to get? What are the rules for getting bonus time?

You just need to be an owner to get any type of bonus time. Off season is much easier to get. It is much tougher during the summer....as to be expected. But it is possible. Think blue Monday and blue Tuesday for your best bets.

4. Does anyone know if all the units have sold? If not all sold, how much inventory is the developer carrying? 10%? 25%?

This is an ongoing fluctuation as they take owner units back for upgrades. Plus they are building out the final space that is being used for developer sales. My best guess it that it fluctuates around 8 to 15 %.

5. Is there anything else you may think I need to consider before purchasing a unit via resale?

The place is great but the maintenance fees are high. Plus owners can avoid the RCI 1 in 4 rule for all of the GPR managed resorts. Transfer fees are $300 alone which is a rip off but nothing we can do about it. Are you going to use it every year or trade it for another GPR resort?......if not you may want to consider a EOY.

4ARedOctober · #5 (**permalink**) 09-16-2008, 11:11 AM

Yes you can split the floating weeks (not sure about fixed weeks) but one of your stays has to be over the weekend from my understanding.

Quote:

Originally Posted by Californian

6. Can you split your week or do you need to use the week all at one time?

Thanks!

Joe L · #6 (**permalink**) 09-16-2008, 04:47 PM

I was in a 2 Bedroom last year. One thing i didn't like was that the second bathroom was off the entrance and not private for the guest bedroom room.

Californian · #7 (**permalink**) 09-18-2008, 02:53 PM

Thanks very much, 4ARedOctober, for all the information. We stayed at Carlsbad Inn Resort in August and really liked the area. I debated what to purchase, but I ended up buying a two bedroom (resale) at Carlsbad Seapointe Resort.....currently in escrow. I don't think I'll be exchanging and like the idea of being able to get some bonus time if it's available. Thanks again for your help on answering my questions on the GPP and Carlsbad Seapointe.

4ARedOctober · #8 (**permalink**) 09-18-2008, 04:29 PM

Congrats and good choice. We love CSR. Did you get a floating 2BR?

Please be sure to join our GPR group...click on my link below....after you close escrow and are an owner.

Quote:

Originally Posted by Californian

Thanks very much, 4ARedOctober, for all the information. We stayed at Carlsbad Inn Resort in August and really liked the area. I debated what to purchase, but I ended up buying a two bedroom (resale) at Carlsbad Seapointe Resort.....currently in escrow. I don't think I'll be exchanging and like the idea of being able to get some bonus time if it's available. Thanks again for your help on answering my questions on the GPP and Carlsbad Seapointe.

Californian · #9 (**permalink**) 09-18-2008, 10:31 PM

<<Did you get a floating 2BR>>

Yes. Weeks 1-25; 36-52. A summer week might have been better, but I found the area/beach pretty crowded in August (at least by Carlsbad Inn). I liked the location of Carlsbad Inn; howeever, the only units I would have wanted there were those at the back which faced the water. I'd imagine those would have a larger price tag, too.

I've been told it may take 10-14 weeks to close, so it may be awhile before I sign up for the homeowners forum. Thanks for the invite!