"Le Petit Trésor"
Fractional Ownership
4 rue de Trésor
4th Arrondissement, Eiffel Tower
One Bedroom, One Bath, 56 m2
Estimated between 78,500€* per Share

* Price Increase to 81,900€ Day of Closing or End of September, 2008

In the midst of the lower Marais district amid a flurry of restaurants and cafés, just steps from the Hotel de Ville, lies a quiet tree-lined cobblestone passage anchored by an ancient fountain, called "rue du Trésor." Vehicle traffic is prohibited so that pedestrians can stroll freely and soak in the beauty of this oasis of tranquility. This little gem of a passage is truly "un trésor" -- "a treasure."

The location is ideal and highly sought-after. Rue de Trésor is accessed directly from rue Vieille du Temple, and is just steps from rue Saint-Antoine. It is surrounding by boutiques, cafés, restaurants and every amenity possible, as well as most of Paris' museums and sites in the oldest part of the city.

Gorgeous Haussmannian style buildings line both sides of the street. At the very end, on the 5th floor of such a building, lies our newest offering, "Le Petit Trésor," overlooking the historic Fontaine de la rue du Trésor, which is projected for recreation as a working fountain in the near future.

The one-bedroom apartment is easily accessed by elevator and measures 56.5 square meters (608 square feet). Facing south and at the tops of the roofs, from it's long open balcony, it offers a commanding view of Le Marais while basking in sunshine.

The living and dining areas are quite spacious for an apartment of this size, and feature rich hardwood flooring, a working fireplace, large windows opening onto a full length balcony, elegant ceiling molding details and much more.

The kitchen, bath and bedroom are small (for the moment), as is so typical in apartments of this age and design. The goal, as in other Paris Home Shares projects, is to enlarge and update these areas by more efficiently utilizing the space.

Because this offering is so new, the initial selling price has not yet been determined, but expect it to be between 76,000€ and 79,000€. This is a "pre-closing" price, which is always substantially below final price when renovation work is complete. Occupancy is estimated approximately the first of the year 2009.

The rotation system of usage applies to this property. The month of usage for the first Year (2009) will be chosen on a first come basis. It is thought that each month of usage will start on the 10th of each month, to avoid any conflicts with those in other properties whose month starts on the first.

Reservations are being taken with a $15,000 USD deposit (fully refundable for two weeks, then non-refundable). The full balance of the purchase price will be due September 10, 2008.

This is the lowest priced fractional ownership on the market today (except for Paris Home Shares resale at Villa Monceau). Shop around, compare prices, and what you get for your money. You will see that this is simply hands down the best for the least, in every respect, not to mention an absolutely gorgeous property in a fabulous location!

If you would like to receive more information on this apartment, or about fractional ownership in general, pleae feel free to write to Steve Navaro, Paris Home Shares at steve@navaro.com or contact Adrian Leeds at Adrian@AdrianLeeds.com