Because You Get All the Benefits of Ownership at a Fraction of the Cost Although fractional ownership appears to be a new concept, smart consumers have shared the expense of luxury for decades. The concept works so successfully that the number of people who can enjoy the better things in life has grown immensely. The Ridges at Tellico Lake is offering fractional ownership on luxury log and timber homes, with spectacular views of the Smoky Mountains and Tellico Lake . With no hassle or worries these gorgeous homes can be yours to enjoy for a fraction of the cost. Many of the chores and time consuming responsibilities of sole ownership are a thing of the past. You will have more time to enjoy the natural beauty of the Great Smoky Mountains . You'll have more time to hike, boat, fish and relish in the glorious vistas from the balcony of your cabin retreat. Fractional ownership is an attractive option to the luxury market, with four star resorts throughout the world, including the Ritz Carlton properties and many of the finest resorts now offering fractional memberships. From its humble beginnings fractional ownership has gone mainstream, and not just for resort opportunities. The history of fractional ownership dates back to 1964, when a group of prominent individuals including General Curtis LeMay, Arthur Godfrey and film legend Jimmy Stewart joined together to create Executive Jet Aviation. The company flourished and evolved into Netjets, which was eventually purchased by Warren Buffet for $725 million in 1998. Today there are many types of fractional ownerships, jets, cars, yachts, race horses and of course the most popular, resort destinations. The one thing all fractionals share is luxury, excitement, reduced risk and expense, and pleasure.