Pinestead Reef has been a timeshare resort since 1979. The resort is owned and operated by the Pinestead Reef Owner's Association, which consists of all the individual timeshare owners at the resort, and is managed and operated by a nine member, owner-elected Board of Directors. Unlike many resorts, there is no developer/owner associated with Pinestead Reef. The Owner's Association makes all the operating decisions,meaning the owners, collectively, have full control of the resort and its future! The resort is affiliated with RCI where you can exchange your vacation ownership for time at other resorts around the world.