In Montecito, CA, a property listing is offering an intriguing co-ownership option, allowing buyers to own one-eighth of a magnificent 5,393-square-foot mansion for just $1.5 million. This luxury home includes five bedrooms, multiple amenities such as a hot tub and resort-style pool, and impressive design features. Shared ownership with seven others makes this opportunity distinctly different from traditional property acquisition in a region with a high median home price of nearly $9 million, appealing to buyers seeking upscale living at a more accessible cost.
"New co-ownership opportunity: Own one-eighth of this professionally managed, turnkey home by Pacaso. This Mediterranean-style villa offers modern living in a timeless setting."
The property is situated on 1 acre and offers sweeping views of California's mountains, making it a truly unique opportunity in the luxury real estate market.
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