Co-ownership is becoming an increasingly popular segment of the luxury second home sector, with proptech businesses offering people a modern way to part-own a high-end holiday property.
Simplifying the traditional process and broadening its appeal, their fully managed service handles the entire process, from interior design and furnishing to sales and upkeep.
Co-owning is not only more affordable than purchasing outright, but unlike renting, a share of the real estate is yours. Co-owners make the most of the benefits of a second home, while a company retains zero ownership.
Our partner Pacaso is one of the leading players in the growing luxury co-ownership market. This summer, they’re offering three top-tier co-ownership opportunities in Marbella.
Pacaso properties are typically two to three times the area’s median house value. They feature top-notch amenities like pools, outdoor kitchens and roof decks, but they’re also comfortable and livable. The company also takes care of furnishing the deluxe houses in their portfolio, including high-end products from premium brands like Le Creuset, Peloton, and Cuisinart.
Keep reading to find out why the three Marbella villas currently available for co-ownership might be a compelling opportunity for someone looking for a second home in the Mediterranean.
Three unmissable villas for co-ownership in Marbella
Villa Vida: striking piece of modern architecture
Price: approx. $667,000 for 1/8th ownership
Located in the sought-after residential area of Nueva Andalucía, this contemporary LA-style property boasts five bedrooms, an east-west orientation, and a prime position – close to the famous Golden Mile, Puerto Banús, and Golf Valley, one of Europe’s premier destinations to hit the fairways.
Real Club De Golf Las Brisas is just a four-minute drive away, and top-quality Los Naranjos Golf Club is a mere two-minute car ride from the house.
The eye-catching three-story villa sits on a plot of 1,237 square meters, with the inside covering 556 square meters. Style-wise, it’s whitewashed “pueblo blanco”, coupled with clean lines and windows galore.
Professionally decorated and fully furnished, as you wander around the light-filled residence, you’ll find six bathrooms, an entertainment lounge, and high-spec finishes throughout. The ground floor is all about open-plan living, while the basement houses a capacious family room, two bedrooms, and a bathroom.
Meanwhile, the top floor is home to the master and ensuite, plus a private sundeck and two more guest rooms with floor-to-ceiling French windows opening out to a spacious balcony.
On the roof, you’ll discover a sizable terrace for al fresco dining, plus a hot tub to admire the wonderful Mount Concha and Golf Valley views from. And out in the versatile two-tiered garden, there’s an inviting infinity pool and terraces covering 418 square meters.
Villa Aire: uber-chic five-bedroom house
Price: approx. $831,000 for 1/8th ownership
This wow-factor home has 738 square meters of inside space, sits on a plot of 1,430 square meters, and is enviably positioned in exclusive Nueva Andalucía, just five minutes from Aloha Golf Club. Built to the highest standards, co-owners benefit from a professionally decorated residence that’s fully (and stylishly) furnished, and plenty of indoor-outdoor living opportunities.
Head in through the impressive hallway and take in the considerable open-plan living area with slick interiors and top-class finishes. With double-height ceilings and floor-to-ceiling windows, there’s oodles of light and fabulous vistas out to the garden. Other highlights include seven bathrooms, expansive terraces, a pool, and a fireplace for the colder months.
The sleek master bedroom offers the comfort and luxury of a 5* hotel, with unparalleled views out to the grounds, La Concha, and Golf Valley. Meanwhile, down in the basement you’ll find a spacious playroom with a billiard table, an entertainment area, and a gym. You can even bring your pet, if you’d like.
Villa Mimosa: recently refurbished property
Price: approx. $705,000 for 1/8th ownership
Featuring 516 square meters of inside space and a lot of 1258 square meters, this expansive five-bedroom and six-bathroom residence is fully furnished and professionally decorated. The spectacular structure is nestled in the hills above Puerto Banús, behind the western end of the Golden Mile. You’re also a stone’s throw from world-renowned golf courses like Los Naranjos, Las Brisas, and La Quinta.
Arranged over three floors, at the top you’ll discover the opulent master, complete with a wraparound terrace, an ensuite, curated art, and fantastic views out to the bay.
Downstairs, you’ll be greeted by wonderful flow across a capacious living area, a vast fully-equipped kitchen with marble walls, and a dining area that spills onto the terrace.
Meanwhile, out in the garden, you’ll find a generously sized swimming pool, plenty of loungers, and an outdoor kitchen.
Back inside, head down to four guest suites, all with step-free access to a private lawn. Additional notable amenities include a bar, a pool table, a temperature-controlled wine cellar, and a movie theater.
Co-ownership with Pacaso
After a year of co-ownership, if it’s time to move on, you can set your price and tap into Pacaso’s marketplace of buyers. On average, listings sell in under 10 days, with a 10% gain.
Having built a first-rate reputation across the USA in states like California, Florida, Colorado, and North Carolina, Pacaso entered the global market – Marbella is the first European destination the forward-thinking enterprise picked.
Since then, they’ve spread their wings to London, with this three-bedroom penthouse in desirable Mayfair just a short walk from Hyde Park. For $1,379,782, you’ll co-own an eighth of the modern and well-lit apartment that boasts 231 square meters of space across two levels and three roof terraces.
Keen to co-own a second home in cosmopolitan Marbella or London? Contant Pacaso for more information or take a closer look at the villas available for co-ownership.
