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Welcome to Paris Home Shares LLC!
UPDATE 1/23/12: COMING SOON! We will be doing a complete facelift of our website with a clean fresh new look. Check back soon and let us know what you think.
UPDATE 9/10/11: New listing! Owner resale share at Chez la Tour for the fixed month of November. Value priced at $168,000 USD. Visit our Resale listings page for more information.
UPDATE 8/11/11: New listing! Owner resale share at Jardin Saint Paul now available at the below market price of $149,000 USD. Visit our Resale listings page for more information.
UPDATE 8/8/11: We are pleased to announce the resale of our September share in Chez la Tour for $185,000.00. This s Share was on the market for less than 2 weeks!
UPDATE 3/15/11: Check out resale share at Jardin Saint Paul. First time since sellout in 2008 that a share in this delightful 2 BR apartment featured in NY Times has come available.
UPDATE 1/27/11: Developer's share at Le Petit Tresor now being offered for sale. Only share for sale in this highly coveted, sold out project. Check under Resale Properties for more information.
Paris Home Shares specializes in the sale of fractional ownership apartment shares in Paris, France. Partial or shared ownership of homes in Paris allows you to own and enjoy an elegant furnished apartment without the high costs of full ownership.
MY STORY
My name is Steve Navaro, and I am the founder of Paris Home Shares, LLC. I first conceived of the idea of fractional ownership in 2002, after having visited Paris several times. I have been a real estate attorney and broker since 1977, and checking out real estate in exotic places has always been a favorite pastime. Of course, everyone dreams of owning a beautiful "home away from home", and I am no different. But I was disheartened by the prices in Paris on my first visit in 2000, and even more so on each subsequent visit, as Parisian real estate prices soared and the dollar's value plummeted. Then, a light bulb went off. Why do I need to own an entire apartment, when I couldn't possibly use it for more than a month or two at most each year? Do I really want to be an absentee landlord, grovel for a mortgage and hope that I can cover my costs by becoming a hotelier to short term renters? I decided that finding a few like-minded Paris lovers to share the costs made so much more sense, and we could decorate the property to fit our tastes, as it truly could be our home. Even better, there would be no need for a mortgage, and we could purchase a higher quality place to stay. And from this germ of an idea, I decided to turn over my 3 businesses to my son, and to focus full time on development of the concept of luxury fractional ownership apartments in the most select neighborhoods of Paris.
We are the only company that specializes in fractional ownership developments in Paris. We are not a "property finders agency", and we are not an "apartment rental" agency. Our sole focus and mission is to find and purchase quality apartments that meet our strict criteria, renovate them to modern American standards, furnish them with the finest of antiques and furniture, and offer them for fractional ownership to a few lucky buyers at a small fraction of what it would cost to purchase even an ordinary unfurnished studio in a nondescript part of Paris.
If having your own pied-a-terre in Paris for a month, without debt, without renters, luxuriously appointed and at a tiny fraction of the cost you would pay to buy an unfurnished studio apartment with a mortgage, sounds like a good idea to you too, then just click on the links below.
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