Buyers around the world are turning to co-ownership to purchase their dream vacation home.
Rather than throwing away money on overpriced vacation rentals or justifying the cost and responsibilities of full home ownership, co-ownership enables buyers to purchase a share of their dream vacation home for a sliver of the cost and without the hassle of traditional ownership. Residents own a piece of ultra-luxurious property in a beautiful destination and can focus on creating a lifetime of memories while popular co-ownership operators like Pacaso deal with the logistics and maintenance.
These luxury listings, sold in shares ranging from 1/4 to 1/21, are massive estates that would cost millions if purchased outright and offer buyers attractive perks. Each comes fully furnished and professionally decorated, with everything owners need to cook, relax, and play, so all they need to do is show up and enjoy. Additionally, each listing has a property home manager, who supports owners with scheduling, home management, special requests, and any other home-related issues.
Listed below are 3 incredible listings across the United States, Mexico, and Europe where buyers can own a piece of paradise for a fraction of the price:
Lake Tahoe Mountain Home – Pacaso
Sold by Pacaso, a technology-enabled marketplace that modernizes real estate co-ownership to make owning a second home possible and enjoyable for more people, Majestic is a 4,627 sq ft luxury mountain home featuring an open floor plan, 3 decks, and 5 bedrooms with spa-inspired en suite bathrooms. Located just 5 minutes from the Palisades Tahoe resort, this retreat is perfect for families looking for year-round mountain excitement.
Pricing for this property is $802,000 for a 1/8 share.
Branded Residence in Riviera Maya – Fairmont Heritage Place
Situated along a one-mile stretch of white sand, and tranquil shores in Mexico’s Riviera Nayarit sits Mayakoba, a luxury resort and second-home destination encompassing nearly 600 acres of pristine lagoons, jungles, and beaches. Offered for co-ownership, Fairmont Heritage Place presents the unique opportunity to own at a Fairmont branded residence for a portion of the cost, commitment and responsibility. The three-bedroom residences and four-bedroom penthouses feature open-plan great rooms with double-height ceilings that allow ample natural light, expansive outdoor terraces, private pools and chef’s worthy kitchens. In addition to access to all resort-wide amenities, residents can also exchange one week at another Fairmont co-ownership destination.
Pricing is $219,000 per 1/12 share.
A Collection of European Holiday Homes – August
August is a European vacation home ownership company offering turnkey solutions in Europe’s most desired locations. The original August collection, titled “Signature,” comprises five homes. Properties in this collection are spacious, comfortable, and perfect for families or smaller groups of friends and include three to four bedrooms and two to three baths in Tuscany, the French Alps, South of France, Mallorca, and Cotswolds.
Pricing for this collection is €435,000 for a 1/21 share.
