Legacy Luxury

The story of Legacy Luxury closely resembles a story very similar to many other destination club stories. "The idea for Legacy began in 2007, when two savvy investor families wanted to provide a group of similar people who wanted more out of their vacation experience, an extraordinary array of multi-million dollar homes they would own as well as use and enjoy."

Utilizing a member-owned club model, members would hold title to the portfolio of properties, none of which would be mortgaged or leased by the club. New members would have their membership deposits placed in escrow until seven membership were sold and only at that point would the club purchase a new property outright.

Legacy Luxury offered three different membership plans ranging from $200,000 to $300,000 and annual dues of $25,000 to $30,000.

Planning to ultimately have 350 owners and 50 residences, the club failed to draw sufficient interest to push the club past the infancy stage of launch despite the secure business model. The club's website did not have a phone number or address for prospective members to request additional information, and the club never released any information about the executive team behind the club. It appears the club was quickly launched to create an initial buzz and would later begin operations once the industry began to recover.

Before this could happen, the club's website was pulled down and the fate of Legacy Luxury appears bleak.

To learn more about Legacy Luxury, please visit the club's quick links found to the right or request a free copy of our Destination Club Guide.

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