Legacy Luxury
Notes From The Club

The equity destination club Legacy Luxury planned to limit their club to just 350 members and 50 storied properties around the world.

With a focus on the financial components of the club, Legacy Luxury published several key points regarding their diligence to protecting their members' assets.

  • Legacy is a member-owned club.
  • Legacy member-owners hold title to the portfolio of properties. There are no mortgaged homes or leases held by Legacy. Legacy holds fast to a 7:1 member-owner family to property ratio.
  • Legacy membership deposits are place in escrow until 7 memberships are fulfilled. Only at that point is a new home purchased. The new Legacy home is purchased outright with the member-owner’s deposits.
  • Member-owner’s one-time fee is used only to purchase wholly owned real estate.
  • As the Legacy homes appreciate, the appreciation is returned to the member-owners and not to the Legacy Management Team.
  • If a member-owner leaves the Legacy family, he/she will receive 90% of their initial investment back.

Despite this focus on security, a near requisite pillar of today's destination clubs, Legacy Luxury never fully launched their club to the public. The club crafted membership plans and pricing, resignation policies, and the overarching structure of the club, but no information was made available regarding the club's executives nor was there ever any email addresses, phone numbers, or any other contact information provided for interested parties to reach out to.

As 2008 ended and 2009 began, many of the destination club industry's most established clubs began to falter. LUSSO Collection, Yellowstone Club World, One Key World, High Country Club, and Solstice Collection all filed for bankruptcy or ceased operations all within a short period.

With these larger clubs unable to survive, with multiple clubs calling new membership sales a "virtual impossibility," it appears that Legacy Luxury quietly faded out of the sector with no properties or members.

As such, there are no Notes From The Club concerning Legacy Luxury, but we would like to invite you to access the club's quick links found to the right to learn more about their unique offering.