7201 RUM BAY DRIVE 4111D Fractional Ownership. Fractional Ownership. Enjoy 7 miles of natural Florida Beach! Located halfway between Ft. Myers and Sarasota on the Gulf, Palm Island is one of Florida's best kept secrets. This condominium is a quarter-ownership villa. With quarter ownership, an owner owns 6 two-week periods spread throughout the year plus a single week in January. Each year the ownership period adjusts so that over a four-year time span each owner has had residence during all 52 weeks. The maintenance of the property is done through an on-site management company. Located in an intimate and exclusive vacation community, with access to the full facilities, services and amenities of Palm Island Resort. The villa features a wide-open living room and entertainment area leading directly to a screened porch the full width of the condo. The main suite and living area have impact sliders to the porch and window coverings. The bath and dressing area features a large walk-in closet. New roofs, new windows and sliding doors all impact in addition to new luxury laminate flooring throughout with new carpet in the bedrooms. Enjoy this turn key opportunity the sun, sand and the fun island life!