21-5 gathers together groups of 21 families who collectively invest in 5 vacation homes - with each group referred to as an "Association". The investor members are owners of the company that owns the club homes. So in addition to enjoying the homes for their vacations, the investors can also benefit if the value of the homes increases. There are several different levels of Associations which have homes at average price points from about $2m to well over $10m, so a family can choose the most appropriate level for their investment.

21-5 first launched in Scandinavia in 2010 and has subsequently bought almost 300 homes for 1,200 families, with a total investment of over Euro 425m. According to 21-5, 96.4% of their members would recommend 21-5 to their family and friends. The homes are primarily located in Southern Europe - Italy, France and Spain - and the owners have historically been from Scandinavia and Germany, but ownership is open to residents of most countries. Some of the Associations are open to residents of just one specific country which can create a closer relationship between these co-owners.

With just 21 members for 5 homes, it means that each family can potentially have 12 weeks of vacation time each year, or can share this time with friends and family. 

21-5 had plans to open Associations in the USA and Canada but cancelled these plans in 2021, to focus back on Europe.


 Membership Pricing
 Initial Capital Contribution (range) $550,000 - $3,800,000
 Annual Dues (range) $12,000 - $39,000
 # Nights  84
 % Membership Refundable Equity
 Refund Basis 1 in 1 out
 # of homes 300
 # of locations 50+
 Average Value (range) $2.0m - $10.0m+
 Investors per Home 4.2:1
 Number of investors 1,200+
 Founded 2008
 % Homes owned 100%


If you're seriously considering joining a destination club or residence fund then download "Destination Clubs: A Guide for Prospective Members". We do ask you to register prior to downloading it. The Guide will give you an in-depth view of the different funds and clubs including their homes, services and questions to consider prior to joining.