What is Garden Valley?
Garden Valley is a resort community located one hour east of Dallas on Interstate 20. The resort includes 700 acres, 3 lakes and 27 holes of golf plus clubhouse and practice facilities.

What is Dockside?
Garden Valley Dockside is a private residence club. The two bedroom cabins are located on a beautiful lake and adjacent to the 18th green and clubhouse. The cabins are fully furnished, including a stone fireplace, 42-inch flat-screen TV, and large front porch. Ownership interests are currently available at $40,000 for four weeks of annual use, including membership in the Garden Valley Golf Club.

Is this Timeshare?
Legally, any home with more than one owner is timeshare, so, legally, Dockside is timeshare. As a practical matter though, Dockside is a second home and timeshare is a pre-paid vacation. Timeshare is a good product for many families because it allows them to afford vacations that would otherwise be out of their reach. However, when you take everything into account, the quality of the cabins, the comprehensive package of services and benefits and the buying process itself, Dockside is VERY different from timeshare.

What is a Private Residence Club?
Private Residence Clubs are at the upper end of fractionals (vacation home resorts with shared ownership, typically 4 to13 owners per unit). Private Residence Clubs are most easily differentiated from timeshare by: the quality of the product is typically equivalent to that of a luxury vacation home; the level of service far exceeds typical timeshare (and whole ownership); the level of benefits and amenities provides a level of exclusivity not found in timeshare (or whole ownership); and the owners typically represent a higher income group ($100,000 to $250,000 according to Ragatz).

I haven’t heard of Private Residence
Clubs before, is this something new?
Private Residence Clubs first surfaced in the early 1990’s. As of March 2004 there were a total of 151 private residence clubs. PRC’s are descended from fractional ownership, now called fractionals, which has been around for many years, much longer than timeshare.

What do I own?
Each member owns a fee simple, one-thirteenth, undivided deeded interest in a Dockside cabin.

How do I sell my ownership?
Not a problem, like any other form of real estate, the member’s undivided deeded interest can be sold or transferred by the member, or sold by a licensed real estate agent through the M.L.S. service subject to the club dues and bylaws.

I’ve heard that timeshares sell for a lot less that you pay for them. Is it the same for fractional real estate, like a Private Residence Club?
According to the latest research by Ragatz, the majority of secondary market fractionals sold at a price higher than the owner purchased it for from the developer.

Doesn't $2400 per owner seem like a lot for annual HOA fees?
Actually, according to research by Ragatz, the average Private Residence Club charges $1330 per week owned or $5320 for a 4-week package. Dockside is a bargain compared to most other Private Residence Clubs.

How does my ownership affect my choice of cabins?
It doesn’t. Choice of cabins is subject only to availability. You can request a specific cabin, and if it’s available that’s where you will stay!

Are boats allowed on the lake?
Yes. Garden Valley has non-motor boats available for your use. Ski boats will soon be available for a rental fee.

How can I take advantage of Dockside’s
affiliation with Interval International?
Just call 866-DOCKSIDE and the Dockside staff will set up your reservations.

How does a member reserve a vacation at a Dockside cabin?
Planned vacation time: 90 days before the beginning of each quarter all members will send in their request for dates they want if space is available.

Bonus time: 10 days in advance, any member can request bonus vacation time and, if the cabin is available, they can stay there and the time will NOT count against their four weeks.

What if my plans change and I cannot use
my planned reservation, do I lose my right to that time?
No. First, the club staff will try to arrange an exchange between you and another Dockside member. Failing that, you can "bank" a week of vacation time with Interval International to use at a later date at one of their top tier resorts, including Dockside.

If you are selling 13 memberships at this price, doesn’t that mean you are selling the cabin for a lot more than what it would cost me to build a similar cabin for myself?
No, not even close. You can’t just look at the cost to build the cabin, or of building the cabin and furnishing it. You have to look at the entire package of benefits, services and amenities that the developer is delivering in addition to our cabins.

How can I see one of the cabins?
Call 903-539-8739 and speak with Dale to set up an appointment.