7221 RUM BAY DRIVE 4211C Fractional Ownership. This condominium is a quarter-ownership villa. With quarter ownership, an owner owns has 6 two-week period on a set calendar and on week in January. Each year the ownership period adjusts so that over a four-year period each owner has access to 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. Enjoy 7 miles of natural Florida Beach! The villa features a wide-open living room and entertainment area leading directly to a full large screened porch. This one is first floor with steps off the east and west side. The bath and dressing area features a large walk-in closet. The building boast new roof, new impact windows and in the villa new carpet, laminate flooring a lot of owners storage for you. Enjoy easy island ownership!