Well, they have been doing it in Avalon and it has just come to Sea Isle City!
7508 Landis South is now being sold as fractional ownership. You can own a quarter share of this home for $195,000. This entitles you to use the home 1 week every month. It is not a time share, you can actually use it, rent it, let your family/friends use it in your place or resell it.
It is an intersting concept!