The real estate market for vacation properties is witnessing a significant shift as more Americans are considering investments in second or even third homes. According to a 2024 trend report from Coldwell Banker, 40 percent of Americans plan on purchasing additional properties by 2025. A novel approach to financing these properties is emerging through platforms like Pacaso, which offers co-ownership opportunities.
Pacaso allows buyers to acquire one-eighth shares in high-end vacation homes, providing a luxurious yet practical solution for property investment. These shared homes are meticulously managed and maintained by Pacaso, alleviating owners from the burdens of upkeep. The company recently launched the Estate Collection, targeting affluent homeowners with shares starting at $1 million each.
“For luxury buyers, co-ownership offers a more convenient and hassle-free experience,” said Pacaso CEO Austin Allison in an interview with Robb Report. “Pacaso handles everything from design and property management to finding local vendors like cleaners and landscapers. This allows buyers to simply show up, relax, and enjoy their vacation home.”
The Estate Collection features some of the most opulent homes in Pacaso’s portfolio, located in highly desirable areas such as Malibu, Aspen, Napa, Jackson Hole, and Cabo San Lucas. These properties have been personally designed by Pacaso and come fully furnished with an array of lavish amenities, ensuring that the houses feel like true homes.
“These buyers, who may have previously owned a traditional second home, may have experienced the challenges of designing, furnishing, and maintaining a multi-bedroom residence in a distant state or even another country, along with the inconvenience of upkeep throughout each season,” Allison noted. “Consequently, many buyers have decided they no longer want to deal with the hassles of full vacation home ownership.”
Among the standout properties in the Estate Collection is the Infinite Road home in Napa. Set on 10 acres, this 6,800-square-foot residence offers breathtaking vineyard and valley views with modern finishes. Another notable property in Napa is the Bennett Home, a seven-bedroom, eight-bathroom retreat priced at $1.65 million per share. This home includes a pickleball court, an outdoor kitchen, a swimming pool, and a fire pit.
Other prominent listings in the collection include the Hillside Home in Carmel, priced at $1.63 million, and Pacific Place in Corona Del Mar, a four-bedroom new-build offered at $1.2 million. In Wyoming, Harvest Ridge is perched atop Spring Creek on five acres in Jackson and features a chef’s kitchen, a sauna, a private gym, and sweeping mountain views, with shares priced at $1.68 million.
Cedar Isle in Nantucket offers a three-story main house and a guest dwelling, with access to bike paths and nearby beaches. Spanning 6,800 square feet and priced at $1.48 million per share, this waterfront oasis includes a swanky home theater.
“Because these destinations rarely ever see listings hit the market due to high demand and low inventory,” Allison remarked, “luxury buyers now have the chance to own a home in competitive markets.”
Pacaso’s co-ownership model provides a revolutionary way for buyers to invest in luxury vacation properties, combining the convenience of shared ownership with the benefits of high-end amenities and prime locations.
