One Re-Sale Share Available at La Lanterne du Marais!

You’re in luck…again. One share in La Lanterne du Marais just became available!

This is our spacious one-bedroom 42 square meters Fractional Ownership property. The apartment has a large shower + two toilets, sleeps up to four comfortably, is on the 1st floor (European) and is located in the heart of Le Marais at Saint-Paul.

Once upon a time, in centuries past, this apartment was made up of five different small lots, now fully incorporated into one beautiful apartment. This building housed “Le Cabaret du Gros-Pavé,” photographed in 1910, by Eugène Atget, which gives credence to my assumption about the possible use of the small rooms on the first floor above the cabaret to have been a kind of “love hotel!”

The street has an impressive history. Its name, rue du Roi de Sicile, refers to the townhouse of Charles I, Count of Anjou and Count of Provence, the brother of St. Louis and designated King of Naples and Sicily in 1266. He had a townhouse (“hôtel particulier”) built there at numbers 2-4 and at 14-22 rue Pavée, leaning against the wall of Philip-Augustus. This home was sold and rebuilt many times over the following centuries and became the Hôtel de la Force, which served as a prison.

In the 17th century, the street was part of an east-west road parallel to the Seine, branching off from rue Saint-Antoine. Philippe-Auguste’s enclosure, built around 1200, cut off its direct outlet onto rue Saint-Antoine, which led to the creation of the rue des Ballets, now known as rue Malher. The street is known to have been inhabited as early as 1261, but its name at that time is unknown. Under the name “rue au Roy-de-Sezille,” it is mentioned in Le Dit des Rues de Paris, a publication written between 1280 and 1300 by Guillot de Paris. It is cited under the name of “rue du Roy de Sicile” in a manuscript of 1636 kept at the Bibliothèque Nationale de France.

In the 17th-century, the Académie Française held its first meetings at the home of Jean Desmarets de Saint-Sorlin, at the Hôtel Pellevé on rue du Roi-de-Sicile, at the corner of rue Tison. It is there that the statutes of the Academy were written, as well as the first steps for its foundation. In the 18th-century, the street, like others in the district, was not very well known, often cited in the minutes of criminal cases. It was renamed “rue des Droits-de-l’Homme” during the revolutionary period, between 1792 and 1806, after the revolutionary section that officiated there. In the nineteenth century, the street was famous for the numerous cap makers.

The building is at the corner of rue Pavée, which has its own illustrious history. In the 14th-century, royal townhomes began to be established here and it was the first paved (cobblestone) street in Paris. With all this history in its exposed oak beams, it’s oozing with charm in spite of its updated interior. The location makes it steps from the Métro Saint-Paul, rue Saint-Antoine and everything Le Marais has to offer. From the windows you have a view on the Carousel and down rues Roi de Sicile and Pavée, reminding you constantly of the age of the building and all that surrounds it.

Our illustrious interior designer, Martine di Mattéo, completely renovated the apartment in order to bring it up to our standards…perfection. We enlarged the bathroom to be even more luxurious than it already was; moved what was a corner kitchen to the entry room so that it is fully equipped and very workable with all the bells and whistles; added various custom cabinetry and special furnishings enhanced by two original murals by French Trompe l’Oeil artist Pascal Amblard. We worked out bold, but livable color schemes, chose luxurious fabrics and finishes, furnishings and lighting fixtures.

Martine always brilliantly executes the concept of “creating one story.” She is a master at marrying color, design and form in a way that makes you feel right at home the moment you enter, even if it’s not obvious why you feel so welcoming. The goal she achieved was to simply be fun, filled with happiness, the love of life and good karma. Consequently, the apartment is beautiful, luxurious, warm and comfortable, fully functional and a delight and pleasure to be in every day of the year, even all summer long with central heat and air conditioning. It is missing nothing.

You enter a fully-equipped galley kitchen with two windows—one overlooking the carousel at the Métro Saint-Paul and the other overlooking rue Pavée.

We chose distressed aqua-colored wood cabinetry and created tons of storage for all the special kitchenware. There is a four-burner stove top, a full oven, a dishwasher, a washer/dryer and a microwave. Dimmable over-the-counter lighting illuminates the workspace in any intensity you might want.

Walk from there to the living room/dining room through a wall of ancient exposed beams to where a nook with a secretary-style desk is to your right—a perfect spot for you to write your memoir, answer emails or surf the Internet.

Just ahead is a non-working fireplace, a bookshelf for all your guidebooks to France, a dining table and chairs adjacent to a padded bench for seating. The table will easily seat four when not fully extended, but otherwise can accommodate up to six when you have guests for dinner. There are two windows in this room west-facing overlooking rue Pavée that will brighten up all of your Paris afternoons.

Walk further into the room to discover a sleeper sofa over which is an original painting by Trompe l’Oeil artist Pascal Amblard facing a large flat-screen TV for lots of lazy times watching movies that take place in France (or whatever your heart desires)!

Turn the corner and you’ll find a full bath to your right with a large shower, a heavenly showerhead, lots of mirrors with perfect lighting for shaving or putting on make-up, a “seche serviette” (towel warmer) and lots of storage to hide away all your personal effects.

When you go just a bit further into the bedroom, you’ll discover another toilet with a sink so you don’t have to go far for midnight relief, an enormous hand-crafted closet for more belongings than you can possibly bring with you, a café table and chairs in front of a window at which you can pen your poems overlooking rue du Roi de Sicile. In addition, there is another flat-screen TV for late-night viewing from the comfort of your bed. The bed is a queen-size made up of twins that can be separated to accommodate just about anyone’s sleeping habits.

All the windows are double-paned for total silence. The apartment is air-conditioned and heated for year-round comfort. It is equipped with an abundance of linens of the finest quality. The kitchen is missing nothing so even the finest of chefs will be content creating gourmet meals.

Meanwhile, the neighborhood is for want of nothing, too. No matter in which direction you turn, everything is at your toes. The Seine is a short walk away, as is the Ile Saint-Louis, Place de la Bastille, Place des Vosges, l’Hôtel de Ville, the BHV Department store, rue des Francs Bourgeois, rue des Rosiers, etc., etc., etc. Just next door on rue Pavée is the famous Agoudas Hakehilos Synagogue designed by Art Nouveau architect Hector Guimard erected between 1913 and 1914. Just a short walk down rue Saint-Paul is the hidden Village Saint-Paul and steps away is the Maison Européenne de la Photographie. What’s in the immediate vicinity is so overwhelmingly abundant that it would be near to impossible to note it all here.

Transportation abounds, with the Métro Line #1 in front of the apartment and numerous buses to take you wherever you want to go…but the location is so central, that you might find yourself walking just about everywhere.

USAGE DETAILS

Share Letter D is the only share available at this time. The next usage dates are June 8 to 22, 2023 and December 7 to 21, 2023. Consult the calendar for future years.

This is Paris’ smartest usage calendar; proven by the success it has had with other properties on we developed. Occupancy for the 13 owners begins on Thursday and ends on Thursday, in two-week intervals, 26 weeks apart. Each year, the rotation moves forward by 10 weeks to allow for a full mix of seasons.

Owners may trade weeks with other owners as they like throughout the year and it’s easy to plan as the calendar is set for the next 13 years.

Owners who wish to have four weeks of consecutive usage, may choose a share adjacent to another owner with the same request. By trading weeks between them, each can have all four weeks together. The calendar may be altered at a later date by a unanimous owners’ vote.

ANNUAL DUES

The owners share all of the annual costs of operating the property, which means spreading the costs thinly among them. They all have a voice and share the responsibilities, making this virtually hassle-free.

The operational costs include:

• Taxe d’Habitation
• Taxe Foncière
• Electricity
• Building homeowner association charges
• Telephone/TV/Internet, insurance
• Housekeeping/concierge
• Accounting, reserve fund
• All U.S. and French tax filing

Annual dues for 2022 were estimated at 1,840€ the first year and then reduces the following years due to some first-time costs.

In addition, there will be a small reserve fund of 385€ for future repairs and replacement assessed annually as well as a security deposit of 1,500€ that is refunded to the current owner of the share.

PROPERTY AMENITIES

• Digicode, intercom entry system
• 1st floor, European
• Parquet wood floors and tile
• Queen-size bed that can be made-up as twins
• Queen-size sleeper sofa
• Large clothing closet with extra hanging and shelves
• Air-conditioning
• Washer/Dryer combination
• Shower with rain-head, sink and toilet
• Two flat-screen TVs with over 100 channels
• Dining table for 4 to 6 people
• Refrigerator with freezer
• Four-burner electric stovetop
• Oven and microwave
• A complete array of kitchenware (all cooking utensils, dinner and tableware, serving pieces)
• Nespresso, French press, and tea kettle
• Plenty of bed linens, hand, bath and kitchen towels
• Hairdryer, iron, and ironing board
• Printer/scanner/copier
• Long-distance telephone service to 100 countries, including US and Canada
• WiFi internet access
• Non-smoking
• No pets allowed

The owners have their own Facebook page that enables them to communicate with each other and easily trade share usage. Here’s what some of the other owners have posted on the property’s special Facebook page:

“Just about the end of one of the most amazing two weeks in Paris. Not a need or a want in this fabulous and beautiful apartment—Beth S.

“David and I have had a wonderful stay and love the apartment. We found it to be really spacious feeling despite its size. Plus, the amount of storage space is really great—love the built-in closets in the master.” Linda F-J

“Hello all! We are loving the apartment and the amazing neighborhood. It just doesn’t get any better!” Olga N-J

“We are concluding our first stay. The place is fabulous. The location is wonderful. The kitchen is very easy to navigate and utilize. The clothes washer/dryer works better than any other machine we’ve used in Paris.” Don L.

“The apartment is simply fabulous. We could not be more impressed by the renovation. It’s everything you could dream of. The location, the layout, the decor…just wonderful…everything you could ever want is “around the corner.” You will not be disappointed! Adrian Leeds, Patty, Luz—my hats off to you. Excellent job.” Jack A.

PRICE OF THE SHARE D: $128,200/€128,200
(payment is made in U.S. dollars)

The share will be sold on a first-come/first-serve basis. When you make your request, you will receive a response from the current owner and access to all supporting documentation:

• Purchase and Escrow documents with a full explanation on the process and procedures
• All legal documents both French and U.S.
• Homeowner Association by-laws
• Supporting documents re the property such as building meeting notes from past three years, etc.

To purchase this share and receive a response and full disclosure of all documentation, contact us TODAY!

A la prochaine…