Keisha,
We bought way back in '94 when it was just owned by Vistana. It was not a Sheraton/Starwood resort at that time. All we got was $100. We bought a floating prime week. The older sections are fixed weeks (Courts, Falls, Spas, Palms). Not sure about the Springs. But the Fountains, Lakes and Cascades are floating weeks. Actually, some of the Lakes and all of the Cascades work on a points system. All is considered "red week". My maintenance fees run around $575-$625 but I'm actually deeded at the Vistana Beach Club on Hutchinson Island in southeast, FL. It's a shore front property though we've never been there. We purchased a defaulted loan during our stay at Vistana in '94. All that was available at that time was the Lakes for a starting price of like $17K. This was alot back in '94. Our sales person could see we were backing out and came up with this defaulted loan. He told us it was at the Beach Club but that we could trade to Orlando yearly for no charge. It's considered an internal trade. We paid $9,500 back in '94.
Last year, the recent hurricane damages caused ALOT of damage to the Beach Club. So we have been assessed $300 extra per year for 3-5 years. It stinks. I paid about $925 in maintenance this year. So I would say, YES, this is really high. Wondering where their insurance was ??? I don't believe DVC charged any assessments to Vero Beach owners and that resort incurred substantial damage as well. But that's Disney for you.
Perhaps someone who owns in the Cascades section can give you an idea of what their current maintenance fees run. Like I said, before the hurricane assessment, we were paying $575 approx/year.