What Is Vacation Home Co-Ownership?
Vacation home co-ownership, explained simply.
If you've never heard the term before, or you've heard it and aren't sure exactly what it means, this is the starting point.
The basic idea.
Vacation home co-ownership means a group of people jointly own a single vacation property — sharing the purchase cost, the ongoing expenses, and the usage — instead of one person or family owning it alone.
It's not a new concept. Families have informally co-owned vacation properties for generations. What's changed is the structure: rather than an informal handshake arrangement between relatives, modern co-ownership uses a formal legal entity — typically an LLC — with a governing agreement that spells out exactly how usage, costs, and decisions work.
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How it's structured.
In CoHaven's model, a group of co-owners — typically up to eight — forms a Florida member-managed LLC. The LLC purchases the property outright, all-cash. Each co-owner holds an equal membership interest in the LLC, and an Operating Agreement governs usage scheduling, shared expenses, decision-making, and exit rights.
This is meaningfully different from a timeshare or a vacation club, where you typically purchase the right to use a property (or a network of properties) rather than an actual ownership stake in real estate.
It's also different from buying a share in a property someone else already selected and listed — CoHaven's model builds the group and finds the property around what you're looking for.
Who this tends to appeal to.
Co-ownership tends to make the most sense for people who want a specific property — often in a specific location they already love — but for whom solo ownership doesn't pencil out. It's less appealing to people who want total control over every decision or who are looking for a passive income vehicle rather than a place they'll actually use.
For a more detailed look, see who CoHaven is built for.
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