When it comes to Cape Cod, Massachusetts, luxury real estate has always been synonymous with relaxation, breathtaking ocean views, and a serene lifestyle. For many, owning a piece of paradise seemed like an unattainable dream—until now. Thanks to modern co-ownership models like Pacaso, acquiring a share of a high-end property in iconic spots like Chatham or Yarmouth is more achievable than ever.
The Rise of Co-Ownership in Cape Cod
Traditionally, luxury homes were reserved for those who could afford the hefty price tag and year-round maintenance. Co-ownership is a different model, one that many consumers are finding to be more lucrative when it comes to owning luxury property. Not only is it an easier way to navigate the real estate market, but co-ownership can get you access to properties you never thought were possible. This unique model splits ownership across multiple buyers, usually 1/8, 1/4, or 1/2, each with their own deeded share. Whether you intend to use it as a dedicated family beach house or a solo investment that allows you time out of the big city, co-owning a luxury home in Cape Cod is not only more affordable but extremely practical.
Cape Cod is renowned for its stunning landscapes, charming lighthouses, miles of beautiful beaches, and historic towns like Harwich and Provincetown. With Pacaso, you can enjoy the prestige of owning luxury real estate in this picturesque region without the burdens of having to afford and maintain a second home.
Why Cape Cod Is a Smart Choice for Luxury Co-Ownership
Cape Cod is a year-round destination. Not only is it brimming with appeal during the summer, but it's a great place to call home during the fall foliage, quiet winters, and lively spring festivals. Owning a share in a luxurious vacation property here means you have flexible access to Cape Cod at both peak and off-peak seasons.
Pacaso’s Cape Cod homes, like the Pacaso Estates home on Fox Hill are incredibly well-located. Pacaso invited my family to the 5-bedroom, 10-bathroom home in Chatham, and it was like no other. Our house was private, yet only a short distance from the charming East Chatham shops and restaurants. It had a private dock and beach but was also a short bike ride away from public beach access revered for its easy, family-friendly clamming. The stunning views from the property were a daily reminder of the unique beauty Cape Cod offers, but the amenities in the home were unlike what I've experienced at a luxury rental or Airbnb. Pacaso outfits its house with high-end appliances, artwork, luxurious finishes, stone fireplaces, and amenities like an inground pool and hot tub, indoor sauna, and all the other features that make a luxury home luxurious.
If it was a home I co-owned, I know that I would most appreciate how easy it is to slip into a luxurious lifestyle without worrying about the usual stresses of upkeep.
How Does Co-Ownership Work?
Co-ownership is more straightforward than you'd think, and I'll lead by saying: You won't be introduced to the other owners. Unlike the complexities of navigating a "shared property" with friends or family members, Pacaso is intent on helping co-owners remain anonymous. As Austin Allison, the CEO and cofounder of Pacaso explained to me, you'd purchase a fractional share of a luxury property, giving you between 1/8 and 1/2 ownership. Each co-owner gets access to the home throughout the year using a proprietary, equitable scheduling system. Pacaso also handles property management and maintenance, so all you have to do is show up and enjoy your slice of Cape Cod life.
This structure allows you to enjoy luxury without committing to a full mortgage or the costs of maintaining a second home. Instead, you pay for the time you actually spend in the home, making it an excellent option for families or individuals who want to own in multiple locations or simply want to make their real estate investments more manageable.
Cape Cod’s Unique Appeal for Luxury Buyers
Cape Cod has a distinctive charm that makes it highly attractive to luxury buyers. The peninsula’s combination of sandy shores, historic towns, and cultural richness sets it apart from other vacation destinations. Whether you’re an art lover exploring Provincetown galleries or a seafood enthusiast savoring oysters in Wellfleet or lobster rolls in Hyannis Port, there’s something for everyone.
Co-owning a luxury home here means you’ll never feel rushed. You can visit Cape Cod during peak summer season or take advantage of its quieter seasons when the crowds have thinned. Co-ownership lets you experience it all on your terms.
FAQ
What is luxury co-ownership?
Luxury co-ownership allows multiple buyers to share ownership of a high-end property. Each owner has a share of the home, is responsible for a share of the annual operating expenses, and can use it throughout the year based on a rotating schedule. You'll also share property taxes and insurance with other co-owners as a pass-through cost.
Is Pacaso’s co-ownership model the same as a timeshare?
No, it's not. Co-ownership involves owning a deeded share of a property, whereas timeshare owners typically only purchase the right to use a property for a certain amount of time each year.
Why should I consider co-owning a luxury home in Cape Cod?
Partial ownership makes owning a luxury home in a high-demand area like Cape Cod more affordable and practical, and the model is experiencing unprecedented demand. You get all the economic benefits of owning a luxury property without the full cost or year-round upkeep. No matter where you are on the Cape, know that you're no more than a couple of miles from some of the best golf clubs, serene beaches, biking trails, and restaurants. Owning a personal property in Cape Cod couldn't be easier.
