Diamond Club Calypso

The resort and its setting

Diamond Club Calypso is located at Av. Italia, 5, in Puerto del Carmen, on Lanzarote's south coast. The resort falls under the Diamond Resorts brand, now managed within the Hilton Grand Vacations (HGV) club system. Guest reviews put it at 4.6 out of 5 from 60 ratings, reflecting a steady, well-regarded property rather than a brand-new build. As with most HGV-affiliated resorts, accommodation is self-catering and unit-based, suited to couples and families who want their own space rather than a hotel room.

Puerto del Carmen and things to do

Puerto del Carmen is Lanzarote's busiest holiday town, stretched along a long beach promenade lined with restaurants, bars and shops — most of it within a mile or so of the resort, so owners and guests rarely need a car for day-to-day things. The wider island is known for its volcanic scenery, shaped by Timanfaya National Park, and for dramatic north-coast beaches such as Famara, popular with surfers. Diving and watersports operators work out of the harbour area and along the coast, while local markets and seafood restaurants offer a more authentic feel away from the main strip. Lanzarote's climate stays mild all year, which is why the island draws visitors well outside the summer months.

Selling or renting a week here

If you own at Diamond Club Calypso and want to sell or rent your week, BidMyTimeshare.com works as an owner-to-owner marketplace: you list the week yourself, set your own asking price or rental rate, and buyers or renters contact you directly through the platform. There's no commission on a sale — sellers pay a one-time listing fee to advertise, and that's it.

Because this resort is affiliated with Hilton Grand Vacations, a resale here isn't quite the same as buying fresh from the brand, and it's worth being upfront about that with prospective buyers:

- According to HGV's fee schedule effective 1 January 2026, a resale transfer involves a $736 activation fee, a $504 ownership change fee and a $102 estoppel fee (these were $715, $489 and $99 respectively in 2025). - HGV's club disclosure allows for a right of first refusal on transfers, which brokers report typically runs for a 30-day window. - A resale buyer gets only limited Hilton Honors conversion, no automatic elevated Honors status, no Open Season booking benefits, and no access to HGV Max. - Transfers themselves typically take 4–6 weeks, though some brokers quote 60–120 days depending on how the paperwork moves. - The resort is affiliated with RCI, so an incoming owner retains access to RCI's exchange network, subject to RCI's own membership and exchange fees.

Sellers should mention these points in their listing so buyers know exactly what they're getting — and aren't caught out later by the activation or estoppel fees.

Practical notes

Renters generally look for clear week numbers or point values, confirmation of unit size, and honest photos of the accommodation and resort grounds rather than stock images. Buyers researching a resale should also ask the seller for the current annual maintenance fee, since this isn't fixed by HGV's transfer fee schedule and varies by unit and ownership type — get this in writing before agreeing a price.