“More about a lifestyle than just four walls and a roof”: Fredrik Eklund on why he co-owns in Paris

Austin Allison, CEO of Pacaso, sits down with Darius Anderson, an owner of the first Pacaso home in Paris, to discuss how co-ownership has enriched his family’s life. Anderson shares how Pacaso simplified the process of owning abroad, allowing him to spend quality time immersing himself in the culture, making new memories, and even bringing three of his friends along to co-own in the City of Love. Key Takeaways: To learn more about how you can invest in your family's experiences,

Alternatives to buying a vacation home reimagined Buyers today want more flexibility and less hassle from their second home. That is why many are exploring alternatives to buying a vacation home outright. Co-ownership offers access to premium homes, professional management, and scheduling that matches real usage — while traditional paths like sole ownership and vacation rentals come with trade-offs. Below, we compare these models across top destinations and share real examples to help you decide what fits your lifestyle. What a co-ownership home looks like in top markets In mountain destinations like Vail, co-ownership is gaining momentum as buyers seek turnkey access near the lifts without year-round oversight. In coastal hubs like Miami, city recognition of co-ownership models has created clarity for owners exploring alternatives to buying a vacation home. And in global capitals like Paris, evolving short-term rental rules are prompting second-home buyers to consider ownership structures designed for personal use. Browse our collections in In Vail, interest in fractional and shared ownership has risen alongside demand for premium, slope-accessible homes. Buyers who want consistent access during peak ski weeks are turning to professionally managed co-ownership for predictable stays and high-quality upkeep without personal oversight. After a day on the slopes, visitors often enjoy the vibrant atmosphere of the For easy ski access and a private base in Vail, Miami Beach has formally recognized co-ownership, signaling that shared ownership of single-family homes can be an accepted path for second-home use in the city. At the same time, national second-home demand has cooled, pushing many buyers to rethink traditional models and consider options that align with how often they actually use a home. In Paris, regulators have tightened rules on short stays, and the city continues to scrutinize conversions that remove residences from the traditional housing stock. For second-home buyers who prefer predictable personal use, these shifts highlight the value of ownership structures designed for owner stays rather than short-term rental activity. Why a co-ownership home often fits real usage Most second homes are used for a limited number of weeks each year. A co-ownership home aligns ownership with actual use, supported by equitable scheduling and professional care so the home is guest-ready each stay. Independent research shows co-owned homes see substantially higher owner use than traditional second homes, reflecting an efficient model that matches modern travel patterns. Where sole ownership still fits Whole ownership remains the right choice for some buyers, especially if you plan extended stays, desire full control over design decisions, or want year-round access without sharing. The trade-offs include higher capital commitment, carrying costs during periods of low use, and the need to coordinate vendors and logistics when you are away. Pros and cons by ownership model How to choose your best path Use your expected weeks per year and destination preferences as your guide. If you value predictable access to a top-tier home without year-round oversight, co-ownership is a strong fit among alternatives to buying a vacation home. If you want extended stays with total control, sole ownership may be right. If you enjoy variety and spontaneity, short-term rentals can work when local rules are clear. Start your search for shared luxury living Explore co-ownership options in your favorite markets and see how the model fits your calendar. Tour our collections in

With spectacular year-round weather and a relaxed lifestyle, Southern California is a dream destination for many second home buyers. High demand and high prices, however, make it a challenging market. That’s where Pacaso shines, said Landon Clements, an Engel & Völkers real estate advisor in California with over 15 years of experience. “It’s fun to offer these high-end exclusive properties to more people, especially in a market like Malibu where if you’re oceanfront, you’re paying top dollar … which could be $10 million,” said Landon. “But with co-ownership, this cost is split eight ways, and suddenly, it becomes much more tangible.”  But it’s not just about the price — Landon sees how Pacaso’s fully managed co-ownership model benefits both buyers and agents across the end-to-end experience. Ownership made easy and worry-free for buyers  One huge plus for buyers is that Pacaso takes care of the maintenance, a responsibility many owners don’t have the time (or desire) to manage. “There’s so much to take care of with a second home, whether it’s thinking about the furnishings or whether the cables are hooked up and if the Wi-Fi is working,” said Landon. “With Pacaso managing the property regularly, all of that worry is taken away.” Pacaso’s hassle-free management also extends to the property’s design and amenities, which helps owners immediately feel like they’re at home. “The house is furnished and ready to go. Everything is fresh and new,” Landon shared. “There’s silverware already in the drawers, and if you have children, there are high chairs and cribs. Pacaso has taken into consideration how each home will be lived in and how owners will enjoy the space.”  These extra touches and details help get more buyers on board and make second home ownership more approachable and rewarding.  Simplifying the transaction for her clients Pacaso simplifies things for agents too, including opening new doors with existing clients. “For me as an agent, it’s been a very good reason for me to reach out to old clients to present something new,” Landon said. Agents can present a second home option that their clients might have not even considered. Once buyers are in, Pacaso reduces the time between putting in an offer and booking their first stay. “There are usually so many hoops you have to jump through, like inspections and escrows. Pacaso helps remove a lot of those blocks, and it makes the transaction so easy that I can have a buyer within their home in two weeks.” This is key to increasing client satisfaction and creating a positive experience. Best of all, agents earn a 3% buy-side commission from Shaking up the second home market Landon sees that Pacaso offers agents the ability to unlock opportunities for more people to own a second home in areas previously accessible to only more affluent buyers. “Pacaso is changing the game here, not only for agents being able to sell homes to a wider audience but also for the second home buyer,” said Landon. “To come with your family or friends and make memories in a house that’s truly yours … the sky’s the limit on what we can do and what’s possible.” Interested in working with Pacaso to expand your services and help more clients buy their second home? Check out our agent resources

Experience city living with Pacaso homes Imagine waking up in a city where world-class culture, art, and entertainment are just outside your door. Pacaso homes in top destinations like What defines the lifestyle in global cities Pacaso homes in each city are chosen to deliver this active, fulfilling lifestyle, where you can experience the best of the city and return to refined comfort. This is the essence of luxury urban living, combining convenience, culture, and sophistication. Paris living with timeless elegance Paris is the definition of urban charm, blending centuries of artistry with modern style. From the historic streets of London’s sophistication London is a city of refinement and opportunity, where tradition meets modern luxury. Pacaso homes in this city offer coveted addresses close to parks, boutiques, theaters, and acclaimed restaurants. Buyers can enjoy open living spaces, elegant finishes, and privacy, all with the ease of Pacaso’s co-ownership and management model. This is a lifestyle designed for those who want to make the most of every stay in London. One standout example is Miami’s energy and resort comfort Miami is known for its lively culture, bold flavors, and sunny days. Whether you seek days by the pool, evenings at San Diego’s blend of nature and urban excitement San Diego is where the energy of the city meets the beauty of the Pacific. Pacaso homes here combine water views, spacious interiors, and easy access to both vibrant neighborhoods and the shoreline. Owners can spend their days enjoying local galleries, What to look for in your next urban home With Pacaso, each of these features is standard. Browse our Make your move with Pacaso homes Explore the advantages of city living and co-ownership in

Paris, France | €575,000 per 1/8 ownership Bask in Sunlight pours through floor-to-ceiling windows into this light-filled 2-bedroom apartment in the City of Light. The elegant living/reception room is on the bel étage (second floor) of a fine 18th-century building in the 7th arrondissement (district), a quintessentially Parisian neighborhood filled with shops, cafes and some of Paris' best-known landmarks like the Eiffel Tower. With exposed stone walls, beamed ceilings and a stunning stone fireplace, the expansive living space features a semi-open plan kitchen, dining area and powder room. Upstairs, you'll find a primary suite offering an en suite bathroom with dual vanities and soaking tub, along with a guest suite with bathroom. The fully air-conditioned home, which includes a cellar, is currently undergoing Pacaso "Our international success, particularly in places like London and Cabo, has underscored the universal appeal of co-ownership. Current owners and enthusiastic buyers have been begging us to extend our reach to Paris, and we’re kicking off 2024 by responding to that demand," said Pacaso CEO and Co-Founder Austin Allison. "At Pacaso, we recognize the challenges American buyers face when purchasing and managing homes internationally. We provide a unique solution that sets us apart, making international ownership a seamless experience." The best way to co-own a vacation home Pacaso offers co-ownership of turnkey, fully managed vacation homes. Own an epic home in your favorite destination to enjoy with your whole family without any of the hassles. Explore our

Paris Perfect is a well-established luxury vacation rental company with nearly two decades of experience managing high-end apartments in Paris, London, and Italy. In 2018, the company launched Paris Perfect Shared, its fractional co-ownership program, in response to a growing number of guests who dreamed of owning their own Parisian pied-à-terre but found full ownership either too expensive, too time-consuming, or too complicated to manage from abroad. The concept is simple: rather than purchasing an entire apartment, buyers acquire a deeded fractional share of a specific, fully renovated luxury apartment. Each share grants the owner four weeks of use per year. The apartment is professionally managed by the Paris Perfect team, with all costs like utilities, housekeeping, insurance, taxes, and a reserve fund covered through an annual, all-inclusive fee. Shares can be sold or passed on to family members, and the ownership vehicle handles all French tax obligations on behalf of owners, eliminating the need for a French bank account. Since its first property, the Cairanne, sold out within weeks in 2018, Paris Perfect Shared has expanded its portfolio steadily. Its apartments are concentrated in the 7th arrondissement, one of the most sought-after neighborhoods in Paris, steps from the Eiffel Tower, Rue Cler, and the Champ de Mars. While Paris is the core focus, the program has also expanded to Florence through sister site Italy Perfect Shared. Understanding the mechanics of Paris Perfect co-ownership is essential for prospective buyers. Here is how the program is structured: For buyers specifically focused on Paris, the model has real appeal. The apartments are renovated to a high standard, the management is handled by a team with deep local expertise, and the all-inclusive fee structure simplifies the ongoing ownership experience. However, the program's geographic concentration and limited scheduling flexibility are meaningful constraints for buyers who want more from their co-ownership investment. Paris Perfect has earned a strong overall reputation, particularly among guests who rent its apartments for vacation stays. Reviews consistently praise the quality of the apartments, their prime Left Bank locations, Eiffel Tower views, and the responsiveness of the management team.  Properties like Cabernet and Cognac receive high marks for cleanliness, thoughtful furnishings, and the personal touches that make a short-term apartment rental feel like a true home away from home. For co-ownership buyers specifically, the program's strongest reviews center on the quality of renovations, the straightforward annual fee structure, and the peace of mind that comes from having an experienced local team handle all maintenance and administration. Paris Perfect points to the quick sell-out of its earliest properties, with waiting lists forming even before launch, as evidence of strong owner satisfaction. That said, some Paris Perfect complaints and concerns do surface in public forums. The most common friction points relate to the rental side of the business rather than the co-ownership program directly: disputes over cancellation policies and refund timelines have appeared in older reviews, particularly during the disruptions caused by COVID-era travel restrictions. On the co-ownership side, prospective buyers should be aware of a few structural limitations: For the right buyer — one who loves Paris deeply and wants a permanent, beautifully managed home base in the city — Paris Perfect Shared delivers on its promise. The question is whether Paris alone is enough, and whether four weeks per share satisfies the lifestyle they envision. Pacaso and Paris Perfect both offer a path to genuine co-ownership of luxury real estate abroad, but they represent fundamentally different models built for different buyer profiles. The table below summarizes the key distinctions: Both models offer real property ownership unlike timeshares. Paris Perfect Shared provides a deeded fractional share of a single, specific Parisian apartment. Pacaso provides co-ownership shares held through a This is one of the most significant differences between the two programs. Paris Perfect Shared is essentially a one-city offering. Its portfolio is centered almost entirely in Paris, with a small expansion into Florence. For buyers who want Paris and only Paris, that focus is a feature. For buyers who also want a beach home in Both programs deliver high-quality, fully managed homes. Paris Perfect renovates classic Haussmann-style apartments with elegant, French-inflected interiors, many featuring Eiffel Tower views, parquet floors, and antique details. Pacaso homes are professionally designed to a luxury standard across all markets, with each property receiving a Scheduling is one of the most practically important dimensions of any co-ownership model, and it is where Pacaso and Paris Perfect diverge most noticeably. Paris Perfect allocates owner weeks through an annual rotation draft. Each owner selects two weeks per round, with draft order rotating each year to ensure fairness. This system is transparent and predictable, but it requires owners to plan their Paris visits far in advance and limits the ability to make spontaneous bookings or adjust dates as travel plans evolve. Owners with a 1/8 share receive approximately 44 nights per year and can purchase up to a 1/2 share for extended access. The app-based system means Beyond the scheduling mechanism, Pacaso also offers the Understanding the full cost of co-ownership — both the entry price and the ongoing carrying costs — is essential before committing to either model. Paris Perfect Shared share prices vary by property. Recent listings have ranged from approximately €116,000 for a studio or junior one-bedroom share to €225,000 or more for a larger one-bedroom share in a prime location. These prices represent a fraction of the full apartment value, which can run well into the millions for prime 7th arrondissement properties. Pacaso's entry pricing depends on the destination and property. Globally, 1/8 shares start from around $200,000. In Paris specifically, Pacaso's current inventory in the 6th and 7th arrondissements has 1/8 shares starting at approximately $500,000, reflecting the premium nature of the city's luxury real estate market. Paris Perfect charges an all-inclusive annual fee per owner that covers all operating costs: building charges, utilities, property taxes, insurance, professional cleaning, supplies, management, and a reserve fund for long-term maintenance. Dues are tied to actual expenses and do not automatically increase year over year, giving owners reasonable predictability. Owners also benefit from the simplicity of a single annual payment with no French bank account required. Pacaso charges ongoing management fees that cover One notable gap between the two programs is financing availability. Choosing between Paris Perfect and Pacaso ultimately comes down to what you want from a second home and how single-minded your love of Paris really is. For buyers who want the best of Paris and the freedom to explore the world, Pacaso's model offers a more scalable path to luxury second home ownership. It brings the same premium Paris real estate, in the same prestigious arrondissements, with a broader infrastructure of scheduling technology, global reach, and financial accessibility built around the modern second-home owner. If you are exploring what it means to own a luxury second home in Paris or beyond,