It’s obviously an idea whose time has come.

Hot on the heels of the latest properties to go on the block, Painted Boat Resort Spa and Marina in B.C. is putting 72 luxury quarter-share condos up for auction.

The units have two bedrooms and two bathrooms and are up to 1,760 square feet.

Located on the Sunshine Coast of B.C., Painted Boat is a 31-vacation home village.

The $31-million luxury resort includes a 4,000-square-foot spa and fully-equipped exercise facility, as well as a waterfront restaurant.

There’s also an infinity pool and hot tub overlooking the shores of Pender Harbour. Other features include a deepwater, 60-slip marina.

Starting bids for a quarter share are from $85,000 — for units previously priced up to $284,900.

The auction takes place May 30 through Kennedy Wilson Auction Group.

If the agreement is signed prior to June 1, the sale is exempt from the incoming HST (harmonized sales tax of 12 per cent that comes into effect July 1 all across B.C.).

For further information and a brochure, visit http://www.PaintedBoatAuction.com,or call 1-800-522-6664.