Here’s a listing of something I’ve never seen before. This is a house across the street from Windnsea Beach. They’ve been trying to sell it for quite awhile with no takers. (Originally for sale at $12m and after 3 years were at $9m) Now they’ve relisted it as a Co-Ownership Home, and they are offering to sell you 1/8th ownership for $1,151,000
I wonder how successful this will be. Are there 8 people willing to pony up a bit more than a mil for an 1/8th of a house across the street from the beach? Perhaps this is the start of a new trend, or then again maybe this will be a flop. Should be fun to watch.
LOL
IMO it really does not make much sense to spend Millions on a vacation home you only visit a few times a year, unless maybe you have 30 or so million sitting around doing nothing LOL.
Just book a room at a 5-star hotel, much easier and probably less than maintenance on a beach home IMO.
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