Ambassador Visits - June 2014
East Silent Lake Resort – Ribbon Cutting
Launching a new era of resort management and lake home ownership in the West Central Minnesota lakes region, the Leonard Family, owners of East Silent Lake Resort held a ribbon cutting ceremony on Friday, June 6th. The event marked the opening of their new three bedroom/three bath, 2500 square foot vacation home
“We’re happy to introduce the public and our many loyal guests to the newest lake home at East Silent Lake Resort,” said Nick Leonard, Owner and Vice President. According to Leonard, “East Silent Lake Resort is committed to preserving the family resort experience for generations to come”. To do so, however, resorts may have to think outside the box. Embracing a new way to manage a resort and own property on a lake, East Silent Lake Resort is delivering a new kind of vacation opportunity via fractional share ownership.
East Silent Lake Resort offers a common form of fractional ownership, the quarter-share ownership, which is an undivided one-fourth interest in real estate, together with the rights to thirteen weeks of use. Designed with today’s fast-paced society in mind, common interest community fractional ownership is great for busy people, according to Alan Olson, Broker/President Century 21 Vista, Inc. (Fergus Falls, Battle Lake, and Ottertail). “All you have is to do is the math.” On average, people use a vacation property 26 days a year, notes Olson. Fractional ownership gives people a way to increase their useable vacation days.
There are several advantages to this sort of arrangement according to Leonard. First, a fractional owner can more affordably purchase lake property based on the amount of time they would realistically be using the property. New 3 bedroom/3 bathroom, 2000+ square foot vacation homes start at $125,000. Second, fractional ownership is maintenance-free. “We take care of EVERYTHING,” according to Leonard. “From garbage to taxes, lawn care to bed making, and dock installation to furniture replacement, our property management services afford owners a hassle-free real estate investment.”
Many buyers are attracted to resort ownership due to the rental revenue potential. Sometimes owners get too busy to utilize their vacation property. Instead of feeling guilty, owners at East Silent Lake Resort generate income by participating in the rental management program. According to Leonard, owners at East Silent Lake Resort are buying more than a cabin. These lake homes come with complete access to an extraordinary variety of recreational opportunities. “All of the programs created for our resort guests are also available for our owners…pontoon rides, ice cream socials, children activities, campfires with the pre-cut wood, and of course, the number one favorite resort activity…s’mores!”
Representatives from the Detroit Lakes, Fergus Falls, and Perham Chambers of Commerce were on hand to assist in the ribbon-cutting. You can find the resort online at www.eastsilentresort.com. To contact them via phone, call (218) 758-2716. Their address is 30424 410th St, Dent, MN.
Pictured left to right: Lisa Workman (Fergus Falls Chamber of Commerce), Dan Schroeder (Perham Chamber of Commerce), Jean Bowman (Fergus Falls Convention & Visitor’s Bureau), Brian Leonard, Margaret Leonard, Andy Leonard, Louis Leonard, Maggie Leonard, Bridget Leonard (all of East Silent Lake Resort), Alan Olson (Century 21 Vista), and Carrie Johnston (Detroit Lakes Chamber of Commerce).