Estimated read time: 4-5 minutes
More and more Utah families are dreaming of owning a vacation home — but the reality of high costs, ongoing maintenance and limited use often makes that dream feel out of reach.
First, the price tag is enough to squash anyone's dreams. According to the National Association of Realtors, the top 10 vacation home markets in 2023 had median sales prices ranging from $360,000 to nearly $929,000, depending on the location. That's a significant investment for a luxury vacation home that you may only use a few weeks out of the year.
Then there's the upkeep. A second home comes with all the responsibilities of your primary residence — cleaning, repairs and unexpected maintenance issues — which can quickly turn your relaxing getaway into a source of stress.
Even if you can afford the cost and don't mind the maintenance, there's still the issue of limited use. For most families, the time spent at a vacation home simply doesn't justify the full-time expense and hassle of ownership.
That's where co-ownership vacation homes come in. Rather than shouldering the full burden of a second home, families are discovering a smarter, more affordable way to own through fractional co-ownership homes.
How fractional co-ownership works
It's easy to confuse co-ownership homes with a timeshare, but the two are very different.
"Sometimes referred to as a deeded trust, fractional ownership gives each buyer the rights associated with owning property," Ruth Lyons writes for Moneywise. "This is comparable to a small-scale version of real estate crowdfunding, where a group of people shares the cost and benefit of owning a specific investment property."
For example, if a home is listed for $1 million, your share of it would be just $100,000 if it's split into 10 fractional shares.
A fractional vacation home that doubles as a long-term investment
Aside from the savings, there's another big benefit that comes from owning a portion of the shared vacation home.
"Real estate, particularly in popular vacation spots, generally appreciates," Lyons adds. "Owning shares of an asset that goes up in value over time and pays annual dividends (in rental income) is fundamentally an attractive investment."
No more wasted time (or money)
Traditional vacation homes typically cap you at one to two weeks per year. With fractional co-ownership, owners enjoy real equity and 28 to 45 nights of usage per year, depending on the share size. And if you don't end up using all of your time, as a co-owner, you have the right to rent out any unused nights.
Fractional home ownership is a modern approach that aligns with how people actually use vacation homes, which typically sit empty for much of the year when fully owned.
Co-own a fractional vacation home in one of Utah's most popular destinations
For Utah families, co-ownership is a smart and practical way to make vacation homeownership a reality. With sought-after spots like Bear Lake and St. George just a drive away, it's easy to escape for a spontaneous weekend, plan extended holidays or even work remotely in a scenic, relaxing environment. You get the benefits of true ownership — without the usual stress and expense.
And these aren't your average vacation homes in Utah. These are luxurious, professionally designed retreats that offer comfort, style and high-end amenities. Each one is thoughtfully crafted to feel like a getaway every time you walk through the door.
Want to see what's available? Browse current listings and start imagining your home away from home.
Fraxioned makes it easy to co-own a dream vacation home
If fractional co-ownership sounds like a good fit for you, Fraxioned is committed to helping you find the ideal luxury vacation home. Their fractional home ownership program offers shares from one-eighth to one-thirteenth, granting you an enviable lifestyle with your favorite people at dream destinations.
Fraxioned makes the process turnkey. Each home is fully furnished, professionally designed and managed year-round, so you never have to worry about upkeep. Their custom MyFrax owner portal makes booking, updating and managing your stays simple and seamless. And because all costs are shared, luxury vacation home ownership becomes attainable without the financial headache.
Whether you're dreaming of beachfront relaxation in St. George or lakeside adventures in Bear Lake, Fraxioned offers stunning fractional vacation homes in Utah's top destinations. Learn more or explore available shares at Fraxioned.com.
