Co-Owning vs. Buying a Whole French Quarter Condo

If you want a second home in the French Quarter, there are two ways to own one: buy a whole condo, or buy a share of a fully managed home. Here's how they compare, using real numbers from Slyce Properties homes in New Orleans.

Penthouse great room with granite island, skylights and Mississippi River views — The great room at The Penthouse at Jax Brewery, furnished and ready when owners arrive.

The short answer

Buy a whole condo if you'll live in it most of the year, want to renovate it yourself, or want complete control. Co-own if you'll use it a few weeks to a couple of months a year and don't want to manage a property from out of town.

How they compare

	Buy a whole condo	Co-own with Slyce Properties
Up front	100% of the purchase price, plus furniture, kitchenware and setup	Only your share: $125,000 for 1/6 of the 1-bedroom, $600,000 for 1/6 of the penthouse. Fully furnished.
Monthly costs	All condo dues, insurance, property taxes, utilities, cleaning and repairs, whether you're in town or not	About $510 (1-bedroom) or $983 (penthouse) a month for a 1/6 share, all-inclusive
Use	As much as you want, though many second homes sit empty most of the year	At least 60 days a year, with rotating priority for Mardi Gras, Jazz Fest and holidays
Management	You do it, or hire and oversee a manager, cleaners and contractors	Included in the monthly costs, with a Home Manager 7 days a week
Financing	A second-home mortgage on the full price	Up to 70% financing on your share; the 1-bedroom share can be $37,500 down and about $656 a month (estimated, interest-only)
Selling	List and sell the entire unit	Sell your share when you want, at a price you choose (subject to the operating agreement)

Slyce Properties figures are current list prices and estimated all-in monthly costs. Loan payments are interest-only estimates at 2 points over the WSJ prime rate, which was 7% at publication (October 2026); ask us for current financing terms.

Co-ownership fits you if...

You'll be in New Orleans a few weeks to a couple of months a year
You live out of town and don't want to manage a property remotely
You'd rather have a better location or a bigger home than you'd buy alone, like a 4-bedroom rooftop-pool penthouse across from Jackson Square
You want a place to bring family and friends without the upkeep

Kitchen with granite island and bar seating in the Jax Brewery 1-bedroom condo

King bedroom with blue-striped bedding in the Jax Brewery 1-bedroom condo

A whole condo fits you if...

You'll live in the French Quarter most of the year
You want to choose every finish and piece of furniture yourself
You want sole control over who uses the home and when

See the homes

The Penthouse at Jax Brewery: 4 bedrooms, rooftop pool, 1/6 shares at $600,000
Jax Brewery Pied-à-terre: 1 bedroom near Jackson Square, 1/6 shares at $125,000
How New Orleans co-ownership works

Ready to see one in person? Schedule a tour or call (504) 881-1793.