Have the North Fork Vacation Home You've Always Wanted. Without Owning It Alone
Own a professionally designed, fully furnished resort cottage on the North Fork of Long Island, with one week of use every four weeks, April through November, starting at $89,500.
What Is the Quarter Share Program?
Most people who want a vacation home on the North Fork of Long Island face the same problem: the properties they want cost far more than they are prepared to spend, and even if they bought one, they would only use it a fraction of the year.
The Quarter Share program at North Fork Resort was designed for exactly that buyer.
Instead of purchasing an entire cottage and shouldering the full purchase price, all the carrying costs, and all the maintenance, you purchase one quarter of a professionally designed, fully furnished resort cottage, co-owned through an LLC with three other Quarter Share Vacation Owners. Each owner holds equal rights to use, rent, or sell their share. North Fork Resort serves as manager of the LLC and handles everything operationally.
The result is genuine vacation home ownership on the North Fork, at a fraction of the cost of doing it alone.
What You Own
Your Quarter Share gives you a real ownership interest. Not a timeshare, not a points program, not a rental agreement. Here is exactly what that means:
- A one-quarter ownership stake in a park model cottage, held through an LLC
- Equal rights to use, rent, or sell your share at any time
- One week of use every four weeks throughout the April through November season
- Participation in the resort’s on-site rental program to offset costs when not in use
- Access to all North Fork Resort amenities during your weeks
Each cottage is a custom-built, professionally designed resort cottage, fully upgraded with stylish interiors, premium furnishings, and all the comforts of a private retreat. You show up. Everything is already there.
Your Usage Schedule
- Check-in: Friday
- Check-out: Friday
- Rotating schedule that ensures every owner experiences a variety of seasonal weeks throughout the year, from the first warm weekends of spring to the golden light of the North Fork fall
- Send friends, family, or associates in your place
- Or enroll your week in the rental program and offset your monthly costs
Ownership Details
- Your share of land use and real estate taxes
- Access to the full 23-acre resort: heated pool, pickleball courts, fitness center, outdoor movie theatre, bocce ball court, indoor and outdoor bar, putting green, on-site concierge, private event spaces, and all planned seasonal activities
- High-speed Wi-Fi, fresh water and direct sewer connections
- On-site resort rental program and property management
Offset Your Costs With the Resort Rental Program
When you are not using your week, you have the option to enroll it in North Fork Resort’s on-site rental program. The resort handles all marketing, advertising, reservations, check-in, check-out, housekeeping, and accounting. You collect your share of the rental income.
This is not an obligation. It is an option. Many Quarter Share owners find that rental income during the weeks they are away significantly reduces or eliminates their effective monthly cost of ownership. The North Fork is one of the most sought-after destinations on the East End of Long Island, with strong seasonal rental demand from guests drawn to Greenport village, the North Fork’s wineries and farm stands, and the Long Island Sound waterfront.
What You Get With the Quarter Share Program
- Professionally designed and upgraded resort cottage
- Fully furnished and turnkey. Just bring your suitcase.
- One week every four weeks, April through November
- Rotating schedule across the full eight-month season
- Low-maintenance ownership. The resort manages everything.
- Option to rent your week and offset monthly costs
- Sell your share at any time. All transfers handled by the resort.
- Access to all North Fork Resort amenities and services
- Exclusive, limited availability. First come, first sold.
Quarter Share vs. Timeshare: What's the Difference?
This is a fair question, and the answer matters.
A timeshare gives you a deeded week or a points balance in a property controlled by a developer. You do not own the property. You cannot sell your interest freely. You cannot rent it without restrictions. And timeshare companies are well known for fees that escalate over time without clear limits.
The North Fork Resort Quarter Share program works differently:
The Quarter Share program is not a timeshare. It is a co-ownership structure in which you hold a genuine legal interest, with the rights and flexibility that come with it.
Is the Quarter Share Program Right for You?
- You want a genuine foothold on the North Fork without a seven-figure commitment
- You would realistically use one week every four weeks during the season
- You value a turnkey experience. No maintenance, no management decisions, no showing up to a property that needs work.
- You want the option to generate rental income when you’re not there
- You want to be part of a seasonal community in one of the most desirable destinations on the East End, not just the owner of an isolated vacation property
- You want the flexibility to sell your share when the time comes, without the complexity of a traditional real estate transaction
Limited Availability. First Come, First Sold
North Fork Resort has a finite number of cottages and a finite number of Quarter Shares available. Each cottage has four Quarter Share owners, and there are a limited number of cottages in the program. When they are gone, they are gone.
If you are seriously considering the Quarter Share program, the right move is to start a conversation now, understand what is currently available, and ask every question you have. There is no obligation and no pressure.
Learn about full cottage ownership
Frequently Asked Questions About the Quarter Share Program
What is a Quarter Share vacation home?
A Quarter Share is a co-ownership model in which four owners each hold a one-quarter ownership stake in a park model cottage through an LLC. Each owner has equal rights to use, rent, or sell their share. North Fork Resort serves as manager of the LLC and handles all operational aspects of the property.
How is a Quarter Share different from a timeshare?
Unlike a timeshare, a Quarter Share at North Fork Resort gives you a genuine legal ownership interest in a property-owning LLC, not a deeded week or a points balance controlled by a developer. You can sell your share at any time, rent your week freely, and your monthly costs are fixed and transparent at $491 per month.
How much does the Quarter Share program cost?
The purchase price is $89,500. Monthly ongoing expenses are $491, billed on a 12-month cycle (or prorated with credit for missed months). This covers your share of lot fees, utilities, resort amenities, and property management. Financing is available.
How often can I use my Quarter Share cottage?
One week every four weeks throughout the April through November season, eight months of the year. Check-in is Friday, check-out is Friday. The schedule rotates so that every owner experiences a variety of seasonal weeks throughout the year.
Can I send someone else to use my week?
Yes. You can send friends, family, or associates in your place during your scheduled week.
Can I rent out my week if I'm not using it?
Yes. Quarter Share owners have the option to enroll their week in North Fork Resort’s on-site rental program. The resort handles all marketing, reservations, check-in, check-out, and accounting. Many owners use rental income to offset or eliminate their effective monthly cost of ownership.
Can I sell my Quarter Share?
Yes. You can sell your share at any time. All transfers are handled by the resort, which simplifies the process significantly compared to a traditional real estate transaction.
What does the cottage include?
What does the cottage include? Each Quarter Share cottage is a professionally designed, fully furnished, and fully upgraded resort cottage, delivered turnkey with furniture, fixtures, kitchenware, bedding, towels, smart TVs, and all interior upgrades included. You bring your suitcase. Everything else is already there.
What amenities are included?
Your $491 per month includes access to North Fork Resort’s full amenity package: heated resort-style pool, pickleball and basketball courts, fitness center, outdoor movie theatre, bocce ball court, putting green, indoor and outdoor bar, food and beverage service, housekeeping services, on-site concierge, private event spaces, recreation center, laundry facilities, fenced dog run, children’s playground, and seasonal activities and events.
Where is North Fork Resort located?
690 Queen Street, Greenport, NY 11944, at the eastern tip of Long Island’s North Fork, moments from Greenport village, Long Island Sound beaches, and the North Fork’s farm stands and wineries.
How do I find out about current availability?
Availability is limited and sells on a first-come, first-sold basis. Reach out to the ownership team directly at Lets Talk Ownership
