Pender Harbour Development - The Painted Boat

[Skook]

April 23, 2015 Update:

Are you tired of your current circle of friends? Want to kiss them good-bye and earn $2000 (maybe more) in the process? The Painted Boat Resort Spa & Marina up in beautiful Pender Harbour has the perfect deal for you!

Yep, that’s what you find when you click “Special Offers” on the Painted Boat website...not sure if it will be there tomorrow, but it’s there today...LOL.

While the offer itself impresses, I really love what appears in my browser ‘location bar’ when I click the “FIND OUT MORE”...

It’s just so “au courant.” I mean that’s what we do today, isn’t it – leverage everything to make a buck or two? So, why not your social media which is your "circle of friends", right? Those friendships are wasted if you’re not making money off them...if you’re not leveraging them, says ‘Admin’ at The Painted Boat.

Well, the above is a diversion I happened to wander upon today. I was actually preparing a post about two new Painted Boat listings that appeared this past week. These MLS listings are for the full purchase of two units in resort’s ‘Malaspina’ block. I’ve put the following table together with the details:

I’ve included the original 2009-11 full purchase price and calculated the percentage change between it and the 2015 list price. The Vancouver Beach Street Re/Max office brokered both units - it appears to be the ‘go to’ realty office for the resort owners. The units have the same listing write-up:

Quote:Just a two hour trip, or 20 minute float plane ride from downtown Vancouver, the resort is nestled in the friendly small town of Madeira Park in Pender Harbour. Each villa at Painted Boat Resort offers modem furnishings and a large patio or balcony with a water view, as well as a kitchen with granite countertops, stainless steel appliances and two bathrooms. Located in Malaspina Building.

You can scroll back to Post #2 in this thread to locate The Malaspina on the resort site plan as well as the location of the units within The Malapina, itself.

I was working on another table back this past December. It was to be an update to the units mentioned in the first Painted Boat post. The two quarter shares in Unit 3 are still competing against each other and 3B made it interesting in 2014 by dropping $35,000 off its list.

One ¼ time share did sell – 22C after a further drop of $27,000. The buyer must have like the unit’s waterfront facing location (The Princess Louisa). This was a resale; so, it was at a really sweet loss if the seller bought in at that 2009-11 list price. Another ¼ time share in the same block was listed last month at $157,500. If the seller is serious that list will be dropping.

I thought I would end with a small table showing the current and historical officially “advertised” Painted Boat ¼ time share pricing. Any guesses as to what the Painted Boat would “unofficially” accept for you to get your “social media leveraged” $2000...LOL.

P.S. Back to that “special offer” ad. You’ll note it says, “We have 62 units available for 1/4 share purchase at Painted Boat.” You know what that means, don’t you? After half a dozen years or more, at the least 50% of all the ¼ time shares remain unsold.