Frequently Asked Questions:
Q: How does shared ownership work?
ed ownership work?
A: Our customers choose any prime week (3rd week of May to 1st week of Oct.) they would like to have each year. A one time buy-in cost is paid and you are guaranteed that same week on that boat every year. In addition to the week that you own, you have access to an "off-season" week as well. Off-season weeks are booked on a first-come/first-serve basis with the other owners on your boat.
Q: What is my actual annual out-of-pocket cost?
A: Your share has an equity value that will depreciate at a rate of approximately $2000 per year, so if you purchase a share for $25,000 and want to sell it three years later, it still has a value of approximately $19,000. Sunrise Peak will help you sell the share whether you are moving to a new boat or just need to sell it for whatever reason. Your annual cost to use the boat would look like this:
Depreciation on your share: $2,000
Annual Maintenance Fee: $1000 (average annual fee)
Launch & Retrieve Fee: $1265 @ Antelope Point, $1500 @ OffShore Marina
Total Annual Cost: $4,265 - 4,500 plus fuel
Coampare that cost with a rental boat that typically costs $8,000 to 13,000 + and does not have nearly the features and amenities of a Sunrise Peak houseboat.
Q: What makes Sunrise Peak different from the competition?
A: Sunrise Peak has over 19 years of
experience and has placed over 100 luxury houseboats boats on Lake Powell.
All of those boats are still being used on the lake. Our program provides
the best houseboats and premium services for the lowest cost.
Q: How much does it cost to buy in?
A: It varies. We have shares starting
as low as $10K up to $100K. The price of a share is based on the age of the boat, length of the trip, the
size of houseboat and the time of year that you like to vacation. The average price of a share on a 2-3 year old boat during the peak season would be $20-$25K.
Q: How do I reserve a week?
A: A $1,000 deposit, taken on a credit card, will reserve a share. This deposit is refundable for 10 days, during which time you will receive all the paperwork and information you need to complete your purchase.
Q: How much time do I have to review the information/contracts?
A: After paying the $1,000 deposit, you have 10 days to get comfortable with the purchase agreements. If, within the 10 days, you change your mind for any reason, or no reason at all, we’ll refund your full deposit.
Q: When is the rest of my money due?
A: 25% of your remaining balance is due after the 10 day deposit period. The remaining balance is due 20 days later. The entire purchase takes 30 days to complete.
Q: Do we rent houseboats?
A: NO. The consessionaires (Aramark/Antelope Point) are the only entities that are legally authorized
to rent boats on Lake Powell. Any other rentals will be impounded by
the National Park Service. This is one of the reasons shared ownership
is so appealing.
Q: How is the boat organized?
A: Each boat is set up as it’s own Limited Liability Corporation (LLC). That corporation holds the title to the houseboat free & clear. Each new owner is issued a membership unit in the corporation to represent their ownership.
Q: Can I expect to make money on my investment in a membership unit?
A: No, there should be no expectation of a profit on your membership unit. Your share will depreceate at a rate of approximately $2000 per year.
Q: When can I use the houseboat? Do I have set weeks? Off season weeks?
A: The prime week you purchase is a set week that you can plan on every year. With that prime week you’re guaranteed at least one off-season week, booked first-come, first serve each year.
Q: When can I book off-season weeks?
A: After your share is paid in full. For subsequent years the scheduling opens each December 1st.
Q: Is this a timeshare?
A: NO. It is different from the typical timeshare in that you own a percentage of one specific houseboat and use the same boat each year. Another difference is that a timeshare can be rented or lent out, shared ownership cannot. Timeshares are not allowed on Lake Powell any longer.
Q: Who takes care of the boats?
A: We use independent service companies at Lake Powell to service the houseboats. They orient the new owners, check owners on and off the houseboats, perform routine maintenance and repairs, etc.
Q: Which lakes/marinas do we service? Where’s Lake Powell?
A: Currently, we only serve Lake Powell.
We have boats at Antelope Point and Bullfrog marinas. Lake Powell is located
on the Utah/Arizona border, about 90% of the lake is in Utah and about
10% is in Arizona.
Q: What kind of houseboats do we sell?
A: All of our boats up to and including our 2005 models areStardust Cruisers. Our 2006 and newer boats are manufactured by Sumerset Houseboats. Each of our boats is custom made specifically for use on Lake Powell and for shared ownership. They are fully equipped with all the comforts of home. Over the years, we have carefully refined the engineering of the boats to precisely reflect the unique needs and wants of Sunrise Peak owners.
Q: Other than the cost of my membership unit, what are my other annual costs?
A: There are two annual costs related to the use of your houseboat, your annual maintenance fee ($1000 on average) and the launch & retrieve fee paid directly to the boat management company at Antelope Point or Bullfrog ($1215 @ Antelope Point / $1299 @ OffShore Marina).
Q: What services are covered by the annual maintenance fee and the launch & retrieve fee? Are there any other costs to be aware of?
A: The annual maintenance fee ($1000 on average) pays for things
like storage, insurance, license, management, maintenance, etc. The
L&R pays for your launch & retrieval as
well as a full hotel-quality cleaning, holding tank pump out, fuel and
water fill service, propane fill and weekly maintenance checks. The local maintenance companies can also provide additional services like boat orientation, additional ice & water, firewood, etc. Your only other cost is fuel for the houseboat and your personal boats and PWCs.
Q: Can I rent/loan my week to a friend/relative?
A: NO. A legal, insured owner must be onboard any time the boat leaves the marina.
Q: What happens if the owner before me trashes/wrecks the boat?
A: The maintenance crew normally has enough time between owners to make most necessary repairs. Any damage caused by an owner will be billed to that owner. If an owner continually abuses the houseboat, the boat manager can force that owner to sell his share.
Q: What if the boat sinks or is too severely damaged for my trip.
A: There is a small amount of risk that
goes along with this purchase. In over 15 years we have never had one
of our boats sink. Every once in awhile some unusual damage may occur
with a boat, but we are usually able to make repairs in time for the
Q: How many people will the boat sleep? How many people can I have on board?
A: There is sleeping for 10 inside (refer to floor plan for each boat under the Available Shares button) with 8-12 additional mattresses on the top deck. There is no legal limit to the boats capacity, however the National Park Service requires a life jacket onboard for each person. The boats are designed to comfortably accommodate about 18, although your individual comfort level may allow more or require less.
Q: Is the boat insured? How much coverage?
A: Yes. Full replacement value of the houseboat and $1,000,000 liability coverage with a $2,500 deductible.
Q: Can I smoke or have pets onboard?
A: No pets are allowed inside the cabin (they may be permitted on the outside decks) and smoking is strictly prohibited in the cabin, on the rear deck or near any fuel tanks.
Q: What is included with the boat? What do I need to bring with me?
A: It is stocked with all basic kitchen utensils and appliances, all deck furniture, BBQ, chest freezer as well as all the ropes, anchors, etc. You will need to bring your own bedding, towels and soap (although some L&R partners provide linen service). Upon the purchase of a share you will receive a ‘Help Manual’ that has a detailed list of everything stocked on the boat and some suggested items for you to bring.
Q: Does the boat have Air Conditioning/Heating?
A: Yes. It has a 3 ton (or 4 ton on some models) central air and heat. It cools the boat wonderfully.
Q: How do you anchor/beach the boat?
A: You softly nudge the nose of the
houseboat onto the sand at a 90* angle, then run 2 anchor lines off
each side at about a 45* angle. Refer to the ‘Help Manual’
for more details. Sunrise Peak also sends out an instructional DVD 'Help
Manual' with your ownership papers. This DVD addresses how to anchor
the boat properly along with many other useful instructional helps.
Q: Can I drive from on top? What is a flying bridge?
A: Yes. The boat is equipped with a fully-functional control fly bridge which allows you to drive the boat from the top deck. Control of the helm and engines can shift easily from the captains position located inside the cabin to the top deck. The newer boats also include a "walk through" fly-bridge that allows passengers to sleep and travel on the front of the top deck.
Q: Does the fridge run off of propane?
A: No. Most boats have an all electric
25 cubic foot side-by-side just like you may have at home. Starting in 2004 the boats have
twin 18 cubic foot refrigerators (each with an ice-maker) which run
off the inverter so you don’t have to run your generator all the
time. There is quite a lot of refrigerator capacity.
Q: Does the houseboat have an inverter? What does it power?
A: Yes. 3000 watt Trace inverter. It powers the refrigerator, main TV, chest freezer, oven controls, certain banks of interior lights, bath fans and an outlet in the kitchen.
Q: What is an inverter? How does it work?
A: An inverter converts the power produced by a bank of 12, 6-volt deep-cycle batteries into 110 power that will run household appliances and other accessories.
Q: How does the house battery system work? How many batteries are there? What do they power?
A: There are 12, 6-volt deep cycle golf cart batteries that power many of the house lights. These items run from switches marked with a black screw. Also the water pumps and the stereo work from the batteries..
Q: How many wave-runners/jet skis can I put on top? How does the hoist work?
A: The manufacturer doesn’t set a limit, we have seen people put 4 or 5 on top with no problem. The hoist runs off the house batteries, has a sling to put around your ski, and is very easy to operate. Our 2006 models and newer no longer have a hoist/davit, it has been replaced with two jet-ski ramps, with individual winches, on the back deck.
Q: Will personal watercraft be allowed on Lake Powell this summer?
A: Yes, there are no major restrictions on PWC's at Lake Powell.
Q: What engines does the boat have? How fast will it go?
A: The newer boats have twin 260
horsepower multi-port fuel injected V8 (5.0 liter) Mercruisers equipped
with Bravo II outdrives and large 20 inch counter-rotating propellers.
It will comfortably drive between 10 – 15 mph. To find the engines
for any of our boats, go to the Available Shares button, select the
boat, scroll down to the Amenities section and the engines for the boat
are listed there.
Q: What size/kind of generator does it have?
A: 15 KW, 20KW or 22.5 CO-Safe Westerbeke on all 2004 and newer boats, some boats will have a 12.5 KW generator (check the amenities list for each boat). It provides plenty of power to run your AC, appliances, lights, and will easily recharge all batteries on board.
Q: What are the fuel, water & waste capacities? Will that last throughout my week?
A: On the newer 75' x 16' and 75'x 18' boats there are 380 gallon fuel tanks for the engines and generator. There is 192 gallon auxiliary fuel tank (toy tank) to refuel jet skis and personal watercraft.. There is capacity for 450 gallons of fresh water and a 450 gallon holding tank. Under normal use this is plenty to get through a week. The amount of fuel you will use just depends on how far you’re going, how fast you want to get there, what you’re pulling behind the boat and how many ski boats and jet skis you have draining your toy tank. The boat you are looking at may be slightly different. Read the Amenities section of the boat page under the Available Shares button for the specifics on the boat that interests you.
Q: Can I trade weeks with another owner?
A: Yes. That is between you and the other owners on the boat, and it is okay as long as there is an insured owner of record of that boat onboard.