8860 Lawrence Welks Drive, Escondido, California 92026, Escondido, - bed, bath
ACTIVE$3,000
8860 Lawrence Welks Drive, Escondido, California 92026
1Bed
1Bath
990Sqft
Lot
Year Built
2002
Close
-
List price
$3,000
Original List price
$3,000
Price/Sqft
-
HOA
$1,161.55
Days on market
-
Sold On
-
MLS number
240019591SD
Home ConditionGood
Features
Good View: Golf Course
Pool
Spa
ViewGolf Course
About this home
**Time Share Property** This award-winning Hyatt resort offers many wonderful amenities including pools, spa, two golf courses, lighted tennis courts, a weekly farmer's market, and the downtown village features shopping, dining, and theater. Seller wants SOLD! Yearly Time Share, NO Points - No Designated Week! You Pick! The views are amazing, the Ambience beyond belief. Too many amenities to list. Rent on Airbnb. You can use unlimited day use, with no appointment needed except between Memorial Day and Labor Day. You won't find this price anywhere.
Nearby schools
5/10
Lilac School
Public,•K-6•4.6mi
5/10
Reidy Creek Elementary School
Public,•K-5•5.3mi
4/10
Rincon Middle School
Public,•6-8•6.3mi
7/10
Quantum Academy
Public,•4-8•8.8mi
3/10
Valley Center Middle
Public,•6-8•9.7mi
5/10
Escondido High School
Public,•9-12•6.9mi
5/10
Valley Center High
Public,•9-12•7.6mi
2/10
Oak Glen High School
Public,•9-12•7.7mi
Price History
Date
Event
Price
08/19/24
Listing
$3,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (30 Listings) | |
|---|---|---|---|
| Beds | 1 | 2 | 16% |
| Baths | 1 | 2 | 35% |
| Square foot | 990 | 966 | 52% |
| Lot Size | 0 | 0 | |
| Price | $3,000 | $500K | 3% |
| Price per square foot | $3 | $474 | 3% |
| Built year | 2002 | 1978 | 87% |
| HOA | $1,161.55 | $484 | 97% |
| Days on market | 443 | 140 | 97% |
Condition Rating
Good
Built in 2002, this property is part of an award-winning Hyatt resort, indicating a high standard of continuous professional maintenance and regular updates. The visible living area is clean, well-maintained, and functional, consistent with resort quality. While the interior style reflects its early 2000s build, it is move-in ready with no immediate renovation required. Major systems are presumed to be well-maintained and functional, typical for a resort property.
Pros & Cons
Pros
Extensive Resort Amenities: The property offers access to a wide array of amenities within the award-winning Hyatt resort, including pools, spa, two golf courses, lighted tennis courts, a weekly farmer's market, and a downtown village with shopping, dining, and theater.
Flexible Time Share Usage: This yearly time share offers exceptional flexibility with 'NO Points - No Designated Week! You Pick!', allowing owners to choose their vacation time without rigid scheduling constraints.
Income Generation Potential: The ability to 'Rent on Airbnb' provides a clear opportunity for owners to generate passive income when they are not using their allotted time, offsetting ownership costs.
Prestigious Brand Affiliation: Being part of an 'award-winning Hyatt resort' ensures a high standard of quality, service, and a desirable vacation experience, enhancing its appeal.
Exceptional Value Proposition: With a list price of $3,000, this time share offers an incredibly low entry point to resort-style living and extensive amenities, as highlighted by 'You won't find this price anywhere.'
Cons
Time Share Ownership Limitations: This is a time share property, not traditional real estate ownership, meaning it does not build equity in the same way, has limited appreciation potential, and cannot serve as a primary residence.
High Recurring Association Fees: The association fee of $1,161.55 (likely annual) is a significant recurring cost that, relative to the low purchase price, represents a substantial ongoing financial commitment.
Challenging Resale Market: Time shares are notoriously difficult to resell and often depreciate in value, making this a less liquid asset compared to traditional real estate and potentially challenging to divest from.