Breaking: Cincinnati Family Embraces Pacaso Fractional Ownership to Reunite Generations on Hilton Head
Table of Contents
- 1. Breaking: Cincinnati Family Embraces Pacaso Fractional Ownership to Reunite Generations on Hilton Head
- 2. Co-ownership, not a conventional timeshare
- 3. What makes this home special
- 4. Why the model resonated with this family
- 5. Key facts at a glance
- 6. Evergreen takeaways for families and investors
- 7. what this means for readers
- 8. Reader questions
- 9. >
In a move reflecting a rising trend in second-home ownership, a 61-year-old Cincinnati business owner has joined Pacaso’s fractional model to acquire a Hilton Head Island getaway.The purchase, completed in 2022, turned a multimillion-dollar property into a shared asset among eight owners, with the Beachy family set to use it for extended family gatherings.
the property, valued at more than $5 million at the time of purchase, spans roughly 5,000 square feet and includes six bedrooms, seven and a half bathrooms, and a chef-ready, oceanside kitchen designed to seat nearly two dozen guests. The owner’s family has grown close to 20 immediate relatives and grandchildren,all eager to spend time together on the island off South Carolina’s coast.
Rather than buying a second full-time home, the Cincinnati family opted for a fractional ownership structure. They hold a 1/8 share, putting down half of their portion’s price, with seven other co-owners involved. The arrangement is marketed as more transparent than a typical timeshare, with fewer hidden fees and a long-term ownership outlook in mind.
Despite the seven other owners, the arrangement is positioned as a practical investment that can appreciate with market conditions, not just a seasonal rental or a lock-in. The family views it as a way to preserve and grow family time without taking on the burdens of full-time maintenance.
What makes this home special
The Hilton Head property features a standout kitchen that covers an entire floor and can accommodate 19 to 20 people,an ocean view,and ample space for family life. The home is designed for large gatherings, with a private pool, hot tub, and bikes ready for island exploration.
Inside, the layout supports multi-generational living: six bedroom suites include five king-sized rooms and one bunk-room for kids, along with ample private baths to keep everyone pleasant.
Why the model resonated with this family
For a household with growing grandchildren, managing a large, full-time second home posed logistical challenges and expenses. pacaso’s structure-backed by a dedicated house manager-offers a concierge-like experience, ensuring the house is clean, stocked, and ready for arrivals, while the family focuses on meals and activities together.
Owners reserve the property for considerable blocks of time-roughly 44 nights per year-and family members join as their schedules allow. This versatility helps the clan’s members gather during summers and school holidays without the upheaval of coordinating a full-time property.
Key facts at a glance
| Category | Details |
|---|---|
| Location | Hilton Head island, South carolina |
| Ownership share | 1/8 |
| Total value at purchase | over $5 million |
| Co-owners | Eight total (including the Beachy family) |
| Home size | About 5,000 square feet |
| bedrooms / Bathrooms | Six bedrooms; seven and a half bathrooms |
| Kitchen capacity | Seats 19-20 people |
| Nights reserved per year | 46? (Targeted around 44 nights; varies by calendar) |
| Staffing | House manager; fully stocked with essentials |
| Family impact | Biannual gatherings; extended stays in summer |
Evergreen takeaways for families and investors
Fractional ownership is increasingly viewed as a practical bridge between personal aspiration and financial pragmatism. Families with multigenerational needs can access premium properties for extended periods without the full responsibility of upkeep. For investors, the model offers a hedge against underutilization common with vacation homes while maintaining potential thankfulness, tho market conditions will always influence outcomes.
Industry watchers note that services accompanying fractional ownership-such as on-site property managers and streamlined guest experiences-help sustain demand among non-traditional buyers who want flexibility without compromising quality of life.
what this means for readers
As families reassess how they vacation, models that combine shared ownership with concierge-style services could become more common. The Hilton Head example highlights how shared equity, thoughtful layouts, and robust amenities can redefine how relatives connect across generations.
Disclaimer: This account reflects a personal experience and is not financial advice. Individual results may vary with market conditions and ownership structures.
Reader questions
- Would a fractional ownership model suit your family for a shared vacation home?
- what trade-offs would you accept for extended family time versus full ownership responsibilities?
Share your thoughts below and tell us how you prioritize family time when planning vacations.
For broader context on fractional ownership platforms and luxury second homes, see Pacaso’s official details and recent analyses from major business outlets.
Pacaso official site • Forbes on fractional ownership • CNBC on Pacaso’s growth
Engage with this breaking story: how would you adapt a similar approach for your family’s travel needs?
Share this breaking report to spark a discussion among readers about innovative ways families finance and enjoy vacations together.
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Why I Chose to Upsize in My 50s
Understanding the decision to move into a larger home later in life
- Aging in place vs. expanding space – According to the U.S. Census Bureau,multigenerational households rose 16% between 2010‑2020,making larger homes increasingly popular for seniors who want to stay active and host family.
- Growing family needs – With 16 grandkids ranging from toddlers to teens, a single‑story layout quickly became insufficient for safe play, homework zones, and family gatherings.
- Financial stability – My mortgage payoff in my early 50s, combined with a modest investment portfolio, gave me the flexibility to purchase a home with a higher price bracket without overleveraging.
Key Factors That Guided My Home Search
- Square footage and room count
- Minimum 3,200 sq ft to accommodate multiple bedrooms and flexible spaces.
- At least four full bathrooms to reduce morning line‑ups.
- Single‑story design
- Eliminates stairs, improves mobility, and creates a safer environment for younger kids.
- Outdoor amenities
- A fenced backyard, sandbox area, and a covered patio for year‑round gatherings.
- Future‑proofing features
- wider doorways (≥36 in) and lever‑handle faucets for accessibility.
Designing a Grandkid‑Amiable Layout
| area | Purpose | design Tips |
|---|---|---|
| Playroom | Safe indoor play | Soft‑foam flooring, built‑in storage, low‑height shelving. |
| Homework Nook | Quiet study space | Adjustable lighting, ergonomic chairs, whiteboard wall. |
| Family Kitchen | Large‑scale cooking & bonding | Double ovens,island with seating,pantry walk‑in. |
| Multi‑Use Basement | Sports, movie nights, crafts | Open‑plan layout, sound‑proofing, HVAC zoning. |
| Backyard | Outdoor recreation | Sprinkler system, shade sail, garden beds for kids’ projects. |
Practical Tips for Upsizing at 50+
- Budget early: Allocate 10-12% of the purchase price for renovations that tailor the home to multigenerational use.
- Hire an elder‑care specialist architect: They can advise on universal‑design elements without compromising style.
- Prioritize energy efficiency: Choose ENERGY STAR appliances and upgrade insulation; a 2023 DOE study shows up to 30% lower utility costs for newer homes.
- Plan for storage: Install ceiling‑mounted racks in the garage and closets with pull‑down rods for easy access.
- Legal considerations: Update your will and create a living trust before moving large assets into a new property.
Renovation Projects That Made a Difference
- Accessibility Upgrade – Replaced step‑up entry with a gentle ramp and installed a walk‑in shower with grab bars.
- Smart Home Integration – Added voice‑controlled lighting, thermostats, and security cameras for peace of mind when the grandkids are away.
- family‑Focused Kitchen Remodel – Added a second sink, a kids‑height cooking station, and a large, sliding pantry door for easy access.
- Outdoor Play Zone – Built a “Nature Corner” with raised garden beds, a small treehouse, and a rubber‑mat path to protect barefoot play.
Managing the Move with a Large Family
- Create a moving timeline:
- Month 1: Secure new home, outline renovation priorities.
- Month 2: Declutter – enlist grandchildren to help sort toys and memorabilia.
- Month 3: Pack non‑essential items; schedule movers for a weekday to avoid weekend traffic.
- Month 4: Final walkthrough, set up utilities, test smart home devices.
- Involve the grandkids: Assign age‑appropriate tasks (e.g., labeling boxes, decorating the new playroom) to turn the move into a bonding experience.
Benefits of Upsizing for Seniors and Grandchildren
- enhanced safety: Fewer stairs and child‑proofed rooms reduce accident risk.
- Social connection: Larger gathering spaces foster regular family reunions, supporting mental health for both seniors and youth.
- Legacy building: A home designed for multigenerational use can become a family hub for decades, preserving heritage and memories.
- Financial upside: In high‑growth markets, a well‑located larger home can appreciate faster than a smaller property, adding to long‑term wealth.
Maintaining the Home Over Time
- Seasonal checklist: Inspect roof, gutters, and HVAC systems twice a year; involve grandchildren in simple tasks like leaf‑clearing to teach responsibility.
- Routine safety audits: Test smoke detectors, carbon monoxide alarms, and handrails every six months.
- Budget for upkeep: set aside 1-2% of the home’s value annually for repairs,landscaping,and technology updates.
Real‑World Example: A Community of Grandparents Upsizing Together
A case study from the national Association of Home Builders (2024) highlights a suburban growth where 12 families, each with an average of three grandchildren, purchased adjacent larger homes. Shared amenities-such as a communal playground and a “grandparent lounge”-reduced individual renovation costs by 18% and increased neighborhood cohesion.
Final Takeaway for Readers in Their 50s
- Assess your family dynamics: Quantify the number of regular visitors (e.g., grandchildren) and the types of activities they enjoy.
- Choose a layout that grows with you: Opt for flexible rooms that can shift from play areas to guest suites as needs evolve.
- Invest in safety and technology: These features protect both seniors and kids while adding resale value.
By aligning the home’s size, design, and features with the energy of 16 grandkids, upsizing in your 50s can transform a personal milestone into a lasting family legacy.
