Discover Esterre: SHARED Luxury Second Home OWNERSHIP 

 

I am excited to introduce you to Esterre, a partner of Windermere Real Estate, offering a new approach to second home ownership. With Esterre, you can own an equity interest in a curated portfolio of five different second homes located across Washington State’s most desirable destinations, all without the burdens and expenses that come with traditional homeownership.

 

This opportunity to be one of 40 owners sharing five homes, for an introductory price of $365,000 with minimum of $100,000 down payment, buys you: 

• Guaranteed 32 nights each year
• Access to unlimited additional spontaneous trips when properties are available within 5 days of arrival
• 1/40th ownership interest in Esterre Phase 1 LLC
• A built in exit strategy: after 12 years of appreciating property values the LLC will sell the portfolio 
• Thoughtful business plan ensures this is NOT a timeshare

 

Designed to be within 4-hours of travel time from Seattle, the first five homes are at Snoqualmie Summit, on San Juan Island, Whidbey Island, Fidalgo Island and on the Olympic Peninsula. You can view these homes listed in the NWMLS by clicking here. Each home is thoughtfully furnished by a Seattle-based design team and comes equipped with luxury amenities such as infrared saunas, hot tubs, and home gyms.

 

In this article by Seattle Refined, they wrote "Ultimately, for a fraction of the price of a single vacation home, people can own an equity interest in a collection of second homes across Washington, making the model "flexible, straightforward and financially sensible for all ages and stages of life." These stunning PNW estates are completely turnkey and ready to use, which removes the high costs and stress of owning a second home." 

 

And the Puget Sound Business Journal, in this article, wrote "The new Seattle-based company, Esterre, is selling a total of 40 shares of ownership interest in its five-property luxury vacation home portfolio... to use any of the luxury vacation homes for 32 days per year, or eight days per quarter."

 

Esterre plans to expand the portfolio - to destinations like Lake Chelan, Leavenworth, and Seabrook on the Washington Coast - in the next phase with the next LLC.

All listings in the NWMLS are listed by Dylan Jacobi of Windermere Summit in Seattle, WA.