Should I buy 1/8 of a beachfront condo?

My aunt and uncle have been co-owners of a 2 bedroom, 1 bath beachfront condo at South Padre Island, Texas for as long as I can remember (I’m 37). Over the past 3 decades, the co-owners of this property, have dwindled down to 3 people. My aunt/uncle, the aunts other brother, and one random lady. The random lady is wanting to sell her share (1/4) and my aunts brother is offering to split that 1/4 with me and sell me 1/8 for 37,500.

Things to consider: I would get the property for 45-46 days a year.

There are no restrictions on AirBnbing it for any of my alotted 45 days.

My aunt and uncle already have a cleaning person they use and trust.

Buying in would “keep it in the family”, even when aunt and uncle die because cousin will inherit it, and we would easily be able to swap weeks when needed.

I would be the owner living in closest proximity to the beach (45 minutes versus everyone else living 4-6 hrs away)

Fees and taxes would be split between all the owners according to their percentage of ownership.

There’s a bit of nostalgia attached to it since I grew up going to that condo.

What are everyone’s thoughts? I feel like $38k is the same as a car which depreciates after a few years, and I also have 3 kids I could pass this on to. If my calculations are correct, if I rent it out most of my allotted weeks, I’ll break even in 7-8 years.