A Rare Resale Share Available at 79 Rue du Bac, Paris

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.

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 operates 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 the 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 for 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.

I would not have taken on promoting Pacaso properties if they didn’t fit our criteria. 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!

For those who love a bit of Paris history, “Rue du Bac” means “Street of the Ferry.” The name dates back to the 16th-century, referencing a ferry (bac) that was used to cross the Seine. In the 1530s, the ferry was established to transport building materials for the construction of the Tuileries Palace on the Right Bank and connected this spot to what is now Rue de l’Archevêché. Eventually, the ferry was replaced by a bridge (now the Pont Royal, completed in 1689), but the street retained the name Rue du Bac.

The apartment on rue du Bac meets overwhelmingly with our 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 ONE RARE RESALE SHARE at the rue du Bac apartment!

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 will have all new furniture and is professionally decorated.

One-eighth (rare) resale share available at 79 Rue du Bac:

$650,000 (plus 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 resale share 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 site and email us today!

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