Here’s a local sample of the new whiz-bang partial ownership craze.

The spec builder tried to sell this for three years before taking this $8.25M cash deal.  The same seller/Compass agent has the listing now, on behalf of the new owners:

ABOUT THIS HOME

This is multi-tasking, La Jolla style: Catch the perfect sunset as you splash in the ocean waves or sip a cool drink in the rooftop saltwater pool. The surf breaks just steps from this 3-bedroom, 4½ bath custom home.

Everything is designed to make the most of the Pacific views. Vanishing window walls transform indoor spaces into open-air living at its finest. The open plan living space has a gas fireplace and a sleek kitchen with a curved island and a space for formal dining.

Exotic materials and touchable textures are used throughout the home, including a back-lit Brazilian granite steam room.

The master suite has a luxurious ensuite with double sinks, soaking tub and walk-in shower. A vanishing window wall opens to a private balcony and stunning ocean views.

Enjoy the rooftop infinity pool area with its 8-person spa and adjoining lounge area with wet bar. Restock the bar from the home’s wine room. And when you’re ready to leave this Pacific paradise, there’s a hydraulic driveway and a turntable garage floor that ensures you always leave facing the ocean.

The home comes turnkey, fully furnished and professionally decorated.

https://www.pacaso.com/listings/6653-neptune-pl-la-jolla-ca

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