Friday, August 11, 2006

Martha's Vinyard Grows New Varietal

Martha's Vinyard has been a vacation spot for Massachusetts folks and others for a zillion years. Hard to believe that it is only now going "fractional" -- the first high-end time-share on the island, Edgartown Residence Club, is about to welcome owners. Located in the heart of Edgartown, it has six one- and two-bedroom condominium-type units for sale on a fractional basis. Prices? Take a deep breath: from $90,000 to $290,000. Martha's Vinyard Times points out it's only got 12 owners per unit, who must buy at least four weeks of usage per year.

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