Buying a second home is a big commitment. But what if that investment granted you access to an exclusive club with luxury properties around the world? You might never have to pay for a hotel again.
That's the idea behind 3RD HOME, a "reciprocal travel club" or "AirBnB for millionaires and billionaires," as Forbes aptly put it.
The concept is simple: list your property (of $500,000 value or more), pay a $2,500 initiation fee, and feel free to book vacations to any of the more than 4,800 estates around the world currently in the 3RD HOME portfolio. A selection of high-end partner resorts, including the Ritz-Carlton Destination Club, are also part of the membership.
"What people like is that the quality level is above most rental sites," Steve Zacks, chief marketing officer for 3RD HOME, said to Business Insider.
Here's a teaser of just a few of the gorgeous properties 3RD CLUB members have access to.
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Every property is verified and reviewed comprehensively to make sure it's up to snuff, like this $2.1 million estate retreat on Lake Tinaroo in Yungaburra, Australia.
Strong word-of-mouth has led the company to double in size this year, with expectations that this will only continue as baby boomers, empty nesters, and wealthy retirees free up time to explore further afield. For a Spanish seaside experience, you could jet over to Villa Colonia de Saint Jordi just south of Mallorca, which is priced at $2.1 million.
You still need to pay $395 to $995 per week to use the other homes. But as comparable villa rentals or five-star hotel stays are bound to ask those numbers for a nightly booking, 3RD HOME seems like a relatively cost-savvy way to travel in comfort. Villa la Percha in the Turks and Caicos is a $3 million property on the exchange.
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