11-13 rue François Miron
13 Owners, Four Weeks a Year EachMa Maison Miron is Paris’ newest and smartest Fractional Ownership Property* located in one of Paris’ Oldest Buildings – a building that dates back to the 14th-century!
* Fractional Ownership is not the same as Time Share. In the case of Ma Maison Miron, owners have a share of the property itself, not just the time, which entitles them to four weeks of usage per year. They take real possession of the property in the form of share certificates of two U.S. non-profit mutual benefit corporations, which in-turn own the French corporation that houses the property, known as an “SCI,” or Société Civile immobilier.” With this structure, shares can be bought and sold easily and quickly via the U.S. without changing anything about the structure of the title in France.
Everyone in Paris knows the building. Tour buses drive by to point it out to tourists. A trail of spectators stroll by daily to stop for a look, take photos and marvel at the beauty of this "colombage" (half-timbered) structure that sends one back in time to when Paris was a medieval town and life centered around the Notre-Dame de Paris Cathedral.
Located at 11-13 rue François Miron in the 4th arrondissement, and in the heart of Le Marais, it’s just steps from the Hôtel de Ville (City Hall), the area around the Eglise Saint-Paul and very close to the Seine River. These were once two houses: number 11: At the sign of the Reaper (this name is engraved on the front) and number 13: At the Sign of the Sheep, at the corner of the tiny rue Cloche-Perce. It was restored in the 1970s and combined to make one apartment building.
The apartment is a studio of 18 square meters (194 square feet), with two square-paned windows overlooking the beautiful buildings opposite on the street. You can choose between the elevator or the ancient balustrade staircase to take you to the third floor and down the hall to enter its door. Just inside, the magical space oozing with charm is framed by exposed beams on the ceiling and in the walls.
To your left as you enter, behind a glass and iron panel is the black wood and checkerboard tile kitchen, efficient with refrigerator, washer/dryer combination, marble sink, multi-cook oven (microwave, convection and standard), two-burner stove, Nespresso coffee-maker, French coffee press, kettle and a myriad of cooking implements. The cookware hangs exposed while the plates, glasses and cutlery are in the cabinets and drawers. It may be small, but it has everything you need to exercise your culinary talents.
Between the kitchen and the two large square-paned windows is an oval dining table with two arm chairs, plus hidden away are two folding chairs for when you have guests. On the right wall as you enter and facing the table and bed is a large custom-made closet, surfaced by the famous Plan de Turgot map of the city of Paris from the early 18th-century. Behind the doors of the closet is lots of hanging and shelf storage for your belongings, a flat-screen television, and the Internet system that supports WiFi, satellite TV (well over 100 channels) and a VOIP phone (free calls to almost anywhere in the world). Also, an air-conditioning unit is hidden away for use in the summer months so that when Paris feels the heat . . . you will be cool as a cucumber. Above the closet is a bookshelf where we have added baskets for various supplies and where you can keep all your guidebooks, maps, history books and cookbooks . . . or just a few knick-knacks.
Between the windows is an antique lingerie chest and mirror for even more storage of your precious possessions. This little oasis is equipped with a very comfortable queen-sized bed that can be made up as twins. A custom-built unit around the headboard provides night stands and plenty of surface and storage space next to the bed, complete with electric plugs and lights on dimmers for reading or romance. High overhead is an artisan-constructed glass and iron cabinet to store away the linens – it matches the beautiful glass and iron sliding doors that privatize the bathroom, made by the same Paris artisan, Raphael.
In spite of the apartment’s compact size, the bathroom is both luscious and luxurious with a large glass-walled shower with rain-head, sink, large medicine cabinet for all your toiletries and toilet.
The apartment, while compact, is missing nothing and is designed to make your four weeks in Paris every year as wonderful as possible...all in your own home in the middle of the City of Light!
Ma Maison Miron is in the heart of Le Marais, the center of everything wonderful in Paris and there’s lots of transportation nearby:
Métro: St. Paul (#1), Hôtel de Ville (#1, #11), Bastille (#1, #8, #5)
This is Paris’ smartest usage calendar; proven by the success it has had at another property in the market we developed, “Le Palace des Vosges.” Occupancy for the 13 owners begins on Thursday and ends on Thursday, in two-week intervals, 26 weeks apart. Each year, the rotation moves forward by 10 weeks to allow for a full mix of seasons. Owners may trade weeks with other owners as they like throughout the year and it’s easy to plan as the calendar is set for the next 13 years. Owners, who wish to have four weeks consecutive usage, may choose a share adjacent to another owner with the same request. By trading weeks between them, each can have four weeks consecutive usage. Owners by unanimous vote are able to alter the calendar system. Check out is at 10 a.m. Check in is at 2 p.m. Early arrivals may drop their luggage at any time and return at 2 p.m. to allow for housekeeping in between owners' visits.
Official usage begins in January of 2020, however, new shareholders who have secured their ownership in 2019 may request usage in 2019 of up to two weeks as of the launch date of the property (mid to late September) at a special rate to cover expenses. Note: Owners may not rent their weeks to outside parties, but may allow friends and family to stay during their usage periods.
A signed purchase contract along with a deposit holds your share interest.
The owners will share all of the annual costs of operating the property, which means spreading the costs thinly among them. They will all have a voice and share the responsibilities, making this virtually hassle-free. The operational costs include: Taxe d'Habitation, Taxe Foncière, electricity, building homeowner association charges, telephone/TV/Internet, insurance, housekeeping/concierge, accounting, reserve fund, all U.S. and French tax filing. Annual dues are currently estimated at 1,300€ the first year, reduced to 1,100€ the following year and thereafter, depending on the final budgeting by the homeowners. In addition, there will be a small reserve fund for future repairs and replacement as well as a security deposit held on account.
To secure your share, email [email protected] for more information and access to the document package.