DAVID F.
This is one of the worst real-estate investment
This is one of the worst real-estate investment experiences I’ve had. Encore positions itself as a “luxury resort,” but from an owner’s perspective, it is a highly restrictive, over-controlled, and financially disappointing investment. As an owner, you have almost no autonomy. The HOA dictates everything — down to blind sizes, wall colors, furnishings, and finishes — yet takes no responsibility for generating revenue or protecting owners’ returns. You carry all the risk while they retain all the control. The HOA fees are extremely high, and on top of that, owners are effectively forced into using only a small handful of rental companies, all of which have performed poorly 3 to be exact and one is owned by the builders so, last time we checked . Even worse, if you use a different approved rental company, your guests are denied access to the water park, which immediately makes your home less competitive and harder to rent. Financially, the math simply does not work: Owners routinely send monthly checks back to the rental company Annual taxes run approximately $10,000–$12,000, which is excessive for the lot sizes The resort has 800+ homes within Encore alone, with additional resorts built directly around it The result is extreme market saturation, forcing owners to rent these overpriced homes for what amounts to pennies just to stay competitive. There is no pricing power, no scarcity, and no protection for existing owners. Encore benefits from constant new development and control fees, while owners absorb shrinking returns, rising costs, and poor management performance. As an investment, this resort is fundamentally flawed. I strongly advise anyone considering buying here to analyze the long-term revenue reality, not the sales pitch. This is not a luxury investment — it’s an overbuilt, over-controlled system that works against owners


