506 Lakeside Way Ownership Guide

The Residence

5 beds, 4 baths, 5,583 sq ft

This is a gorgeous custom built home with 4 bedrooms, 4 full baths, office, and bonus 5th bedroom in the pool guest house. Thoughtfully planned with wonderful gathering spaces all designed for fun, relaxation and a magnificent view of the Columbia River and the Umtanum Ridge beyond.

Your investment includes a ski boat, two jet skis and a golf cart!

Entertain in style with a chef’s kitchen and Viking appliances, a huge walk-in pantry and an immense slab granite island. There is a sprawling master suite with soaking tub, granite counters, walk-in marble tile shower and a huge walk-in closet.

The property is fully fenced with an in-ground pool with auto cover, a hot tub and covered patio area with built-in ceiling heaters. You'll have plenty of space for all your toys with a 6 car tandem garage!

Enjoy this piece of paradise with a new marina, 18-hole championship golf course, pro shop, tennis courts and walking trails. Only 2.5 hours from Seattle, yet worlds away!

LLC Ownership Costs

Capital Contribution and Annual Fees

Share Capital Contribution Annual Shared Fees* Nights of Use**
Full $184,000 $13,250 35
3/4 $138,000 $9,937 25
1/2 $92,000 $6,625 15
1/4 $46,000 $3,312 7

*These fees are allocated directly to expenses relating to the comprehensive maintenance and management of the residence, including property taxes, utilities, interior and exterior maintenance, HOA fees, food insurance, household supplies as well as deferred maintenance. 

**Plus free space available

Travel Points

Your Travel Currency

Travel points are the currency used for reserving the property as well as accessing Elite Alliance and sister LLC residences.

Full Share: 4,000 travel points annually which equates to approximately 30-35 nights of use

Half Share: 2,000 travel points annually which equates to 15-17 nights of use

Points Per Night:

Peak Season (March - November):

  • 120 points Su-Th
  • 160 points Fri-Sat

Off-Peak Season (December - February):

  • 60 points Su-Th
  • 80 points Fri-Sat

Sample Itinerary Using 4,000 Travel Points

  • June 7 nights: 920 points
  • August  7 nights: 920 points
  • February 7 nights: 460 points
  • January 4 night exchange with Elite Alliance: 480 points
  • March 6 nights : 780 points
  • April 4 nights = 280 points
  • Total 35 nights, 3,840 Travel Points

Rotating Priority Reservation System

The Freedom of Flexibility

Lifestyle Asset Group’s rotating priority reservation protocol (PRP) allows shareholders to plan their vacations with as little or as much advanced notice as they choose. Travel points can also be used to sponsor unaccompanied guests, giving you the fexibility to send family & friends on amazing vacations, use them as a reward for a high-performing employee, or as a donation to your favorite charity.

Reservations are made two ways:

(1) Each shareholder is assigned a number 1-8, depending on when they first commit to the project.

Once assigned a number, shareholders will first choose one reservation in the ensuing 12-month calendar in an order from Shareholder #1 through #8, then a second reservation in an order of #8 to #1. The order of 1 through 8, and 8 through 1, changes each year with shareholder 2 advancing to 1 in the second year of the PRP and shareholder 1 moving to 8 in year two. By rotating the order in the selection process under the PRP, all shareholders will have years of holding position #1, #2, etc.

(2) The second reservation protocol is the application of the shareholder’s remaining travel points following the PRP when each shareholder can evaluate their own timelines and schedules in applying their remaining points in their account for additional dates that are attractive to them. There is no formal structure for these reservations and they are all first come-first serve; last minute or well planned.

Free off-season use:

For the periods of December 1st through February 28/29 no points are required and each shareholder will be entitled to reserve up to 10 nights during this three-month period.

“Space Available” Reservations

There will be periods during the year when the property will be unreserved and available and shareholders are welcome to reserve the home on short notice without having to apply travel points. Accordingly, whenever the residence is available and unreserved seven (7) days hence, this opportunity for a short notice reservation shall be deemed “Space Available”.

Rental Participation Program

Dollars and Sense

As an owner in the Columbia River LLC, you have the option to use all your allocated weeks or to rent some of your nights to offset the annual fees. To rent weeks, you just choose how many and we take care of the rest.

As shown in the chart below, as a full share investor if you apply approximately $4,725/week net rental income (after local property management fees are deducted) and you choose to vacation at your Columbia River property just one week a year and rent your remaining weeks, you’ll not only enjoy that week vacation for free, you’ll also receive a $925 dividend credit at the end of the year.

And as shown in the bottom chart, a half-share investor, renting one week and using one week drives down annual ownership costs to $1,900.