Residence Club at Cedar Key Village

The Residence Club at Cedar Key Village: Scheduled to open in 2008, The Blue Magnolia Spa will be a 5,000 sq ft haven, complete with a rooftop sundeck, private treatment rooms, and an array of menu choices. Twenty-four residential properties will be situated near this island community's restored historic downtown area. The fractional ownership two- and three-bedroom homes start at $186,000 for 1/8th of a share.