Only One Share Left at 79 Rue du Bac!

I just returned from five weeks in the U.S. I went into reverse culture shock that lasted all five weeks. The price of everything was insane! California was expensive, but Maui was over the top. Everything was double and triple as expensive than in France. Every lunch or simple dinner was about $50 with tax and tip. Tipping has gotten out of hand, or should I say that everyone’s hand is out for a tip? On top of it all, everyone I met complained about the politics and the direction the country will be taking if newly re-elected Donald Trump fulfills even a fraction of his promises.

The past election has 50% of the nation thrilled and 50% of the nation devastated. There is also a faction of people who realize that there are things about life in America that will never change or improve for the good of the people and look toward a different lifestyle in other parts of the world, even if for only brief interludes. Fractional Ownership could be your answer.

Fractional Ownership is one way to enjoy the benefits of a dream home in places all over the world, including France, without the normal hassle of homeownership. I would not have taken on promoting Pacaso properties if they didn’t fit our criteria. The week before I left for Maui I visited the Pacaso apartment at 79 rue du Bac with Joey Byrne, Senior Director of European Expansion. The location is drop dead fabulous right on the eastern edge of the 7th arrondissement where to purchase a property would cost as much as €27,245 per square meter (and that’s MeilleursAgents.com’s estimate that doesn’t include agency fees, furnishings and other factors that would increase even that figure by about 10%). This is a quintessentially Parisian neighborhood filled with boutique shops and cozy cafes.

In this district, the “Saint Thomas d’Aquin” district, prices have increased more than 5% in the last 5 years and 31.5% in the last 10 years. This means that your ownership investment in such a property will grow with the market and resale will be profitable. In our years of devotion to Fractional Ownership, every owner has sold his share at a formidable profit and enjoyed the usage, in effect, for free!

The apartment on rue du Bac met overwhelmingly with my approval. Natural light streams through expansive floor-to-ceiling windows, illuminating the bright two-bedroom apartment in the heart of the City of Light. This meticulously renovated 100 square meter apartment boasts of an excellent floor plan on the 3rd floor (French) of a fine mid-19th century building with a lift. Those who know me can attest to my highly critical nature and property is one thing I know a lot about. I gave Rue du Bac a sharp eye and made my own suggestions to Joey—ways of improving on what is already very close to perfect. The workmanship and design in the apartment is “haut de gamme.” Furnishings are beautiful, tasteful and easy to live with. It’s missing nothing.

Pacaso has only one share left at rue du Bac apartment! One! So, if you are even remotely interested, don’t waste a single moment.

Fractional Ownership is NOT “Time-Share.” It is a hybrid of direct ownership and time-sharing, combining the best elements of both. Ownership brings together a few individuals in a single property with shared usage and shared expenses. Most fractional property opportunities in France are properties that have been purchased, renovated, and decorated by one developer who then sells off the shares to individual buyers. Most of these offerings are six to thirteen shares to minimize the investment amount while maximizing the size, location, and quality of the property.

Pacaso is a San Francisco-based specialist in Fractional Ownership that purchases single-family homes and apartments, then offers the ownership shares to individuals forming a group of buyers in one property. The company asserts that it achieved unicorn status faster than any other U.S. company. It was founded by former Zillow executives Austin Allison and Spencer Rascoff in October 2020—just four years ago. Yet just one year later, its valuation reached $1.5 billion after a $125 million funding. As of March 2022, Pacaso operated in nearly 50 markets across the U.S., Spain, the U.K., and Mexico.

Pacaso has come to France big time. They can see the writing on the wall from the ballooning interest by Americans to leave their home turf to experience a different lifestyle and a different life. Living in the heart of Europe where one can travel quickly, easily and inexpensively to all of Europe and beyond, is a dream for many Americans that is now easier than ever before to make come true.

All of us individual Fractional Ownership developers in France will have tough competition from Pacaso. They are the big guys who have a lot of financial power to buy and renovate the sexiest properties in the best districts, recreate them to fulfill every wish and then professionally manage them so the buyers’ ownership is totally hassle-free.

In addition, Pacaso’s “Global Swap Program” is very easy to use and can simply be done on the Owner’s App. Owners can trade weeks across the other luxury Pacaso homes within the Global Portfolio, and there are no extra fees. Pacaso shares are easily passed down to other family members and can also be owned in the name of a Trust or LLC.

This also makes reselling your share easy. The Adrian Leeds Group represents only well-designed properties for sale that make a valuable investment and are a pleasure to own and enjoy. Pacaso fits that model for us. Over the years, we’ve sold more Fractional Ownership shares on behalf of property developers than any other agency in France.

Our criteria for representing a property is quite specific. It must be a property that is highly desirable, well located, well designed, decorated, and appointed—a “jewel” that is unlike any other of its category. A usage calendar must be attractive to a wide variety of owners. The legal structure and supporting documents must be 100% correct to avoid any conflicts among owners. Quality management must be in place to keep the property running smoothly and remove any unnecessary obligations by the owners. Owners should be like-minded.

Here’s what you get for your investment:

• Five floor-to-ceiling windows in the spacious living reception and dining room
• 2 Bedrooms/2.5 Bathrooms
• Lots of space and storage including locked owners’ closets
• Two full bathrooms, one with large a large walk-in shower and the other with both a shower and tub
• Fully equipped kitchen
• Laundry closet with washer/dryer
• Air-conditioned
• Cellar

This luxurious home is currently undergoing Pacaso final touches and is professionally decorated.

One-eighth of it is all yours at $605,000 USD

Only one share is left at the time of this writing
The price includes notary fees
There is a Stamp Duty: $28,000 (per share) – a 1-time payment due at the time of purchase of any real estate transaction in France
Monthly Operating Expenses (includes reserve): $1,025 (per share)
The shares will be sold on a first-come/first-served basis
Reserve your share with a $5,000 refundable deposit

To learn more about this Fractional Property or reserve your share, visit our website and email us today!

A la prochaine…