Live the Florida Dream: Your Million-Dollar Vacation Home for Just $80K Down
Friday, October 11, 2024
Ready to live the Florida dream without breaking the bank? What if I told you there's a way to own a slice of Florida paradise in a million-dollar home, complete with panoramic ocean views and upscale amenities, for just $80,000 down?
Sounds too good to be true, right?
Well, the days when owning a high-end vacation property was reserved for the ultra-wealthy are over. Thanks to our partner Pacaso's innovative co-ownership model, this dream can become a reality with an initial investment of just $80,000!
Co-ownership provides a fantastic opportunity to enjoy a high-end vacation home without the full financial commitment. Instead of purchasing the entire property, you buy a share—usually around 1/8 of the home.
This model is ideal for individuals seeking an upscale retreat in desirable locations like Florida, allowing them to bypass the daunting price tag associated with multimillion-dollar homes. By sharing the property with other co-owners, everyone gains access to a property that may have previously seemed unattainable or financially impractical.
Pacaso is leading the charge in making luxury vacation home ownership accessible. They provide integrated mortgage solutions, handle all paperwork, and manage the property so you can enjoy a stress-free experience. The company manages the scheduling, maintenance, and cleaning, ensuring that when you arrive at your vacation home, everything is pristine.
Let’s break down an example of how this works:
Property example:
- Location: 3101 Bayshore Dr 2308, Fort Lauderdale, FL 33304 USA
- Whole home price: $1,400,000
- 1/8 ownership price: $263,000
- Down payment: 30% (~$80,000)
By purchasing a 1/8 share of this beautiful Florida home, you gain access to two bedrooms, two bathrooms, and over 1,200 square feet of luxury living space. All for just a fraction of the home’s market value.
How It Works
Pacaso’s model makes the process simple. You purchase a share of the home with a 30% down payment on the portion you own. For example, in the Fort Lauderdale property shown above, the cost of 1/8 ownership is $263,000, meaning your down payment would be around $80,000. You can finance the remaining balance through Pacaso’s integrated mortgage option, making the monthly mortgage payments quite manageable.
Alternatively, if you choose to buy the traditional way—purchasing the entire property—it might require a $420,000 down payment and a mortgage loan of about $1 million. And that's not even considering property taxes, insurance, utilities, maintenance costs, and more. Woof!
With co-ownership, you're splitting those costs!
This approach allows you to enjoy the Florida lifestyle without the financial strain of owning a million-dollar home. Additionally, you can enjoy peace of mind knowing that Pacaso handles all property management tasks—from maintenance to scheduling—so your only responsibility is to relax and enjoy your getaway.
Why Choose Co-Ownership?
- Affordability: Enjoy the benefits of luxury living for just a fraction of the cost. You only buy the amount of ownership you'll actually use. With an $80,000 down payment, you can gain access to a vacation home valued at $1.4 million.
- Quality: Because you're pooling resources, you can afford a much more luxurious property than on your own. For as little as $80K(down payment), you could own a share of a nice $1.4M home, all while maintaining a manageable mortgage of just $185,000!
- Flexibility: Co-ownership allows you to have access to the home throughout the year, based on a rotating schedule, ensuring fair and flexible use of the property.
- Hassle-Free Ownership: Pacaso handles everything—from maintenance to property management—so you don’t have to worry about anything but planning your next trip.
- Investment Opportunity: Co-ownership is not just about luxury living; it’s a smart financial decision. As property values rise, so does the value of your share.
Pacaso’s co-ownership model is revolutionizing the way people approach vacation home ownership. It democratizes access to premium properties, making it possible for more people to experience the lifestyle of their dreams without taking on the full financial burden.
Whether you’re looking for a serene beachfront getaway or a stylish city escape, co-ownership allows you to enjoy high-end vacation living at a manageable cost.
Conclusion
Owning a share in a luxury Florida vacation home is now more accessible than ever. With Pacaso’s co-ownership model, you can invest in a million-dollar property with just an $80,000 down payment. Enjoy all the benefits of vacation homeownership without the hassle of full-time management or high expenses.
Best of all, you won’t have to rent out your property to cover ongoing expenses—allowing you to relax and enjoy your getaway without the stress of being a full-time landlord.
This is your chance to live the Florida dream—sun, sand, and luxury living await you.
Ready to make this dream a reality? Explore your co-ownership options today with Pacaso homes and experience the joy of luxury vacation living. Shares start at $200K+ in Florida, with financing available for 30% down and rates 0-5% for selected listings.
If you want to dig deeper into co-ownership and uncover all the secrets that FloridianHome.ca and its partners have to offer, grab your free copy of my book titled "From Dream To Reality: Your Path to Affordable Luxury Living in Florida for Canadians."
In this book, whether you're Canadian or American, you'll uncover unique strategies to make owning your Florida dream home more affordable than you ever thought possible, and even with no monthly carrying cost!
Claim your free copy of "From Dream To Reality" today and get a $200 Hotel Savings Card plus four other bonuses.
Learn How
Co-Ownership Can Forever Change The Way You Vacation
Learn How
Co-Ownership Can Forever Change The Way You Vacation
Hi, I'm Eugene
Founder of FloridianHome.ca
Hi, I'm Eugene
Founder of FloridianHome.ca
My partners and I have come up with smart strategies that can enhance your second home ownership experience and open up possibilities you may not have considered before.
If you're curious to learn more, grab my Book, which includes
FREE bonuses and a $200 Hotel Savings Gift Card. Don't miss out!
All Rights Reserved 2024 | Terms & Conditions | 7131 Bathurst Street, Unit 306, Thornhill, ON L4J 7Z1 | FloridianHome.ca