A life filled with endless Zoom meetings and demanding schedules has many people dreaming of an escape. For many, this monotony has sparked a desire to own a second home. With 4 out of 10 Americans already owning a vacation home, the idea of purchasing a luxurious retreat for less has become more appealing than ever. Traditional vacation homeownership, however, comes with its own hassles—routine maintenance, unexpected expenses, and hidden costs that add up over time. This can feel like a never-ending cycle, right?
An exciting change in luxury real estate has arrived with the co-ownership model. Through this innovative approach, you can co-own a luxury vacation home for a fraction of the cost, making it possible to enjoy the benefits of ownership without all the burdens.
The concept of co-ownership, or shared property ownership, dates back to the 1970s, when people began purchasing time in shared complexes—a model that became known as timeshare. While timeshares worked well in some cases, the model often led to confusion due to varying interpretations of ownership rights and limitations.
This is when co-ownership evolved, bridging the gap between affordability and luxury in today’s real estate market. In this model, multiple co-owners share the costs of a property, enabling each owner to enjoy partial ownership and access. It’s a modern way to own high-value properties in sought-after locations. This flexible ownership structure allows owners to purchase a fraction of the property—such as 1/2, 1/8, or other portions—tailored to their desired level of usage and needs.
Why has co-owning a home become a viable option for many?
The consequences of traditionally owning a second home have taken a toll, draining financial resources and emotional energy among many. Firstly, there’s the financial burden. While you fully own the asset, the ongoing payments and upkeep costs can overshadow the enjoyment it brings to your time with family and friends. Then, there are the additional costs for management and maintenance that inevitably come along. Let’s not overlook the emotional and psychological toll it can take.
And all these have created a need for the co-ownership model.
Co-owning a property creates opportunities to cultivate meaningful traditions. Hosting regular family meetups, celebrating festivals, and reuniting with loved ones from different places can have a profound emotional impact, fostering lasting memories and strengthening bonds.
Having a co-owned vacation home means you can start fun traditions that everyone looks forward to. It could be the big Thanksgiving dinner, where everyone enjoys the potluck dinners, gathering with friends annually for recreation, or the fun pool party that brings the whole family together. A co-owned home can become a cherished part of the family where meaningful traditions can be established and passed down, enriching the shared experience for years.
When family members own a property together, it becomes more than a property. It becomes a place to gather and share love. Remember those fun chats with your cousins until late at night or the morning coffee sessions with your siblings on the patio? These simple yet special moments become the highlight of the vacation. Vacation homes are for these moments - sharing stories and laughing about old times.
Each corner holds a meaning in a co-owned vacation home: grandpa’s designated spot at the dining table, mom’s favorite recliner by the window, or the kid’s play area in the basement. Owning a vacation home means that the house itself becomes an integral part of the memories created on vacation. Gathering with your favorite people is great, enjoying time in your favorite place with your favorite people is even better.
Whether it’s a big announcement, a surprise engagement party, or an impromptu potluck, some family moments happen without any planning, don’t they? Gathering in a shared space for these occasions can feel incredibly special and create lasting memories. Often, these unplanned moments become cherished stories to share for years to come.
Want to own a piece of a vacation home in Utah? Take a virtual tour of this property!
Co-ownership significantly reduces the financial burden by allowing you to pay only for a fraction of the property and the upkeep. You can split the purchase and maintenance costs among multiple owners. Why buy the whole pie when you want a slice?
One of the greatest benefits of co-ownership is making luxury affordable. Owners gain access to exclusive locations, high-end amenities, and professional management, elevating their lifestyle without bearing the full costs of traditional ownership.
This model provides flexible scheduling and hassle-free access to the property, with maintenance handled by professionals, ensuring a seamless and joyful experience. Everything from coordinating bookings to handling property maintenance and managing rentals is taken care of. *
Co-ownership allows you to enjoy the property while you’re there and rent it out when you’re not. The property management handles the rental coordination for you when you’re not using the home, enabling you to generate rental revenue and offset maintenance costs.*
Share the Dream, Share the Joy!
The actual value of a luxury vacation home goes beyond its walls, views, or furnishings. It lies in the shared laughter, stories, and memories created with loved ones. A co-owned vacation home provides the perfect setting for family gatherings, reunions, and shared experiences - allowing you to enjoy these moments in a luxurious and accessible way.
The co-ownership model is ideal for many reasons, starting with access to premium amenities such as exclusive pools, spas, and sightseeing at different locations at a fraction of the cost.
You can enjoy the experience while a dedicated management team handles maintenance and property upkeep. Most importantly, you can utilize the luxury without a full-time commitment or burden. The professional management team handles calendar management, bill payments, accounting, and emergency responses, ensuring a worry-free experience.
You can relax!
At Lake Escape, we've thoughtfully designed every aspect of your stay to ensure maximum comfort and convenience. Here's what awaits you in your slice of Lake Powell paradise:
At Lake Escape, we've created more than just a luxury vacation home – we've crafted a base camp for your Arizona adventures. Whether you're lounging indoors, admiring the view, or preparing for a day on the lake, you'll find that every aspect of Lake Escape is designed to enhance your experience of this breathtaking region.
Co-ownership in a luxury vacation home allows individuals to co-own a property with two or more people, splitting the costs and rights of ownership. This model allows people to enjoy a luxurious vacation home experience without sole ownership's full financial and maintenance burden.
A professional management team manages the co-ownership of a luxury vacation home, including the property’s maintenance, scheduling, operational needs, bill payments, accounting, and emergency responses. Their involvement ensures co-owners can enjoy the property without worrying about day-to-day responsibilities.
The key difference is in ownership rights. Co-ownership means each party has a genuine ownership share in the property, complete with rights and responsibilities. In contrast, timeshare only grants the right to use the property during certain periods without ownership rights, often limiting the flexibility and resale options.
Co-ownership transforms the dream of a luxury vacation home into an accessible reality. By letting you enjoy the beautiful space without the financial and maintenance burden, you can make unforgettable moments by spending time with friends and loved ones.
To make this experience easier and more enjoyable, Fraxioned simplifies the whole process for you. From all the logistics to maintaining and managing property usage calendars, Fraxioned takes care of everything.
Co-ownership reduces the cost of luxury and enhances the overall experience of owning a vacation home. Spend quality time in your second home with your family and friends. Create long-lasting memories with Fraxioned.
Check out our properties and discover how Fraxioned can help you spend time in your favorite place with your favorite people!
(*) Disclaimer: Fractional share ownership via Fraxioned is not considered an investment. Potential rental income or property value appreciation is incidental to actual ownership.Fraxioned makes no guarantees regarding financial returns. The primary intent is to provide vacation homes for personal use and enjoyment.
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I honestly thought this place was too good to be true. Until we showed up! Everything was just like the photos, and there was so much to do INSIDE the house, that no one was ever board. We came in for our wedding and had out entire wedding party stay with us. Day of the wedding, i stayed on the 2nd floor playing games the whole time while the bride got ready on the 1st floor (since we couldn't see each other until the ceremony). Everything was neatly laid out and the instruction on how to work the pool/check-in were very clear. This was the best Airbnb i've ever been too, and my friends/family loved everything about it!
What a dream! Ownership with Fraxioned is sensical and hassle-free. We just bring our clothes and get a clean, beautiful home fully ready to dive into our vacation; every time. The rental income has also been very nice to cover the expenses and has been an easy investment to track.
My husband and i had been looking for a good "starter" investment. We wanted to start and airbnb but it was just going to be such a big expense. Fraxioned was the perfect solution, because we were able to purchase 1/8 of a home, instead of the whole thing! Dan Henry sold us a share of a beautiful home in Bear Lake, and he was so nice and easy to work with! He was always available to answer questions and send over information. Definitely would recommend Fraxioned to anyone who is wanting to get into real estate investing, without having to spend your life saving to do it!
What an experience!! The ease of driving up and everything was ready for us. Not just a rental experience but the wonderful feeling of owning the property we vacation in. The team at FRAXIONED is so helpful and always available to handle any needs we have, big or small. we own three shares in two different properties and it is one of the best decisions we have made for our family.