7201 RUM BAY DRIVE 4113A Fractional Ownership. Enjoy 7 miles of natural Florida Beach! This condominium is a quarter-ownership villa. With quarter ownership, an owner owns 6 two week periods spread throughout the year plus a single week in January. Each year the ownership period adjusts so that over a four year period each owner has access to all 52 weeks. The maintenance of the property is done through an on-site management company. Located in an intimate and exclusive vacation community, with access to the full facilities, services and amenities of Palm Island Resort. The villa features a wide-open living room and entertainment area leading directly to a full large screened porch. The main suite has access to the linai too. The bath and dressing area features a large walk-in closet. Enjoy the sun, sand and the island life! All the repairs from hurricane Ian damages are complete; new roofs, new windows and sliding doors in addition to new luxury laminate flooring throughout with new carpet in the bedrooms, new cabinets in kitchen, so it will be like new for you. Quarter ownership provides each owner a full warranty deed for a villa at the beach which can then be used for a quarter of the year for less than a quarter of the price. A great easy way to own an island home.