Pacaso, the tech-enabled marketplace for co-owned luxury vacation homes, is redefining second-home ownership with its innovative approach.
Founded in 2020 by former Zillow executives Austin Allison and Spencer Rascoff, the company has made significant strides in 2025, expanding its European presence, reserving a Nasdaq ticker symbol, and earning recognition for its economic contributions.
These developments support Pacaso’s mission to democratize access to luxury homeownership while boosting local economies.
Recently, Pacaso announced its entry into Italy, adding Florence, Milan, and Rome to its portfolio of over 40 destinations worldwide.
This expansion builds on the company’s existing seven managed properties in France and the UK, offering co-ownership opportunities in five global cultural capitals: London, Paris, Florence, Milan, and Rome.
Pacaso’s model allows buyers to purchase fractional shares—ranging from one-eighth to one-half—of professionally managed, designer-furnished luxury homes.
By partnering with Italian architects, legal advisors, and property management firms, Pacaso eliminates the complexities of international ownership, such as navigating taxes and furnishing homes.
This move positions Pacaso to meet the global appetite for seamless luxury living abroad, further solidifying its presence in Europe’s markets.
Recently, Pacaso marked a significant milestone by reserving the ticker symbol “PCSO” on the Nasdaq Stock Market.
This step reflects the company’s progress toward broader investor participation and market readiness.
Since its inception, Pacaso has raised over $200 million from top-tier investors like SoftBank, Maveron, and Greycroft.
In 2024, it launched a Regulation A+ equity crowdfunding round, raising up to $75 million from both accredited and non-accredited investors, aligning with its mission to make wealth-building more accessible.
The reservation of “PCSO” signals Pacaso’s commitment to inclusivity, as Allison stated,
“We believe the future of real estate should invite more people in, not shut them out.”
The company’s 2024 financial performance—$164.5 million in transactions, 18% growth in adjusted gross profit, and a 24% reduction in adjusted EBITDA loss—demonstrates its operational maturity and path toward profitability.
A study by the Bay Area Council Economic Institute (BACEI) highlighted Pacaso’s positive impact on housing markets and local economies.
The report found that Pacaso’s co-ownership model reduces strain on housing markets by consolidating multiple owners into a single property, with a 7% rise in co-ownership among mortgage applicants.
In California, Pacaso homes claim an 89% occupancy rate compared to 39% for traditional second homes, resulting in higher local spending ($42,555 annually per Pacaso owner versus $18,645 for traditional owners) and a 128% increase in local and state tax revenue per property.
The study recommends that governments distinguish co-ownership from other models and encourage its expansion to ease housing shortages and revitalize communities.
Pacaso’s approach not only enhances housing accessibility but also fosters long-term community investment.
Pacaso’s recent achievements reflect its transformative vision for real estate.
By expanding into Italy, reserving a Nasdaq ticker, and driving economic benefits, the company is reshaping how people own and enjoy luxury vacation homes.
With an innovative model, strong financial performance, and a commitment to inclusivity, Pacaso is poised for growth, offering a more accessible way to own a second home in some of the coveted destinations.