Vacation Homes: Lake George Ownership Is a Smart Economic Decision
When considering vacation homes, Lake George is a
fantastic location, and ownership of a townhouse at The Lodges at Cresthaven hedges against “vacation inflation” in the
Adirondacks! Once you become a Vacation Home Owner, the lion’s share of vacation expenses-accommodations-will be covered. This allows you to concentrate on the enjoyable aspects of
spending time in Lake George rather than on how you can afford your stay at a hotel. What else can you enjoy “pre-paid”…for life?
See for yourself how Vacation Ownership makes economic sense. Compare the cost of
Lake George vacation rentals for one week a year at the current daily hotel rate, and see what you would spend over the next 10, 20 and 30 years.
Estimated Nightly Hotel Rate: $350.00
After 10 Years: $586.40/night |
Per Week (7 Days): $4,104.81 |
For a Total of: $33,281.10 |
After 20 Years: $955.19/night |
Per Week (7 Days): $6,686.31 |
For a Total of: $87,492.51 |
After 30 Years: $1555.90/night |
Per Week (7 Days): $10,891.29 |
For a Total of: $175,797.19 |
Assumptions: Our calculations are based on a 5% inflation rate per year.**
Premier resort rentals in the Lake George area charge an average combined
lodging room tax of 8%. Actual rates may vary. |
Compare those rates of your typical hotel stay in Lake George to what you will pay when you decide to become a vacation home owner. Basic packages are available for our
vacation homes. Lake George townhouses which would consist of a 3 week interest. The price range for 1 fixed week in the summer and a rotating week in the spring and the fall is $35,000-$65,000. The fixed weeks in August start at $64,000 per share.
Current Lodge Availability (subject to change):
Lodge 1 |
Complete Ownership (30 weeks) |
$1,000,000 |
Lodge 28 |
Complete Ownership (30 weeks) |
$650,000 |
Lodge 44 |
12 Weeks (4 Weeks in Spring, Summer, Fall) |
$245,000 |
Lodge 28-44 |
3 Week Interest |
$35-79,000 |
After initial purchase of the townhouse, you will have annual common fees of approximately $2250/yr per 3 week share. This will cover everything from utilities, property taxes and future replacement or furniture.
These numbers show how investing in ownership of a Lake George vacation home at Cresthaven today has the possibility of being a tremendous
financial decision that pays dividends to you and your family for years into the future.
Now is the perfect time to contact us for more information on whether investing in our
Lake George Hotel and Resort is right for you. And even though the prices may change
as time goes by, one thing you can count on is that the Adirondacks and Lake George will always be a
beautiful vacation destination, especially if you are in your very own vacation home.
Come see why The Lodges at Cresthaven offer the most desirable and affordable
vacation homes Lake George has to offer!
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