Pacaso, the technology-enabled real estate marketplace for co-owned luxury vacation homes, continues to transform the second-home market with its innovative co-ownership model.
Founded in 2020 by former Zillow executives Austin Allison and Spencer Rascoff, Pacaso has expanded its footprint, delivering luxury home ownership while addressing housing / property market challenges and stimulating local economies.
Recent developments, including new property listings, strategic partnerships, and impactful research, underscore Pacaso’s growing influence in the global real estate sector.
On July 1, 2025, Pacaso announced the addition of its fifth co-ownership home in Jackson Hole, Wyoming, named Snow King.
This three-bedroom, three-bathroom alpine-chic retreat, located at the base of Snow King Mountain, offers panoramic mountain views, vaulted ceilings, and luxury finishes.
Featuring a gourmet kitchen with high-end Wolf and Sub-Zero appliances, spa-inspired bathrooms, and a rooftop deck with a hot tub, Snow King is designed for seamless indoor-outdoor living.
Its prime location, steps from year-round recreation and minutes from Grand Teton National Park, caters to buyers seeking a turnkey vacation home in one of America’s most iconic destinations.
CEO Austin Allison said:
“Jackson Hole is a dream destination for many, and we’re thrilled to offer even more opportunity for families to experience it in an effortless way.”
Pacaso’s model allows buyers to purchase 1/8 to 1/2 ownership, with the company handling all management, scheduling, and maintenance, ensuring a stress-free experience.
Pacaso’s impact extends beyond luxury home ownership, as highlighted in a March 18, 2025, study by the Bay Area Council Economic Institute (BACEI).
The report emphasizes how Pacaso’s co-ownership model alleviates pressure on housing markets, particularly in high-cost regions like California.
By consolidating multiple owners into one property, Pacaso reduces demand for individual homes, making more efficient use of underutilized second homes.
The study found that Pacaso homes in California have an 89% occupancy rate, compared to 39% for traditionally owned second homes.
Additionally, Pacaso owners spend $42,555 annually in local communities, compared to $18,645 by traditional second homeowners, resulting in a 128% increase in local and state tax revenue per property.
The report recommends that governments distinguish co-ownership from other models and encourage its expansion to address housing shortages and boost local economies.
Allison said:
“This report outlines the benefits of co-ownership, including increased economic spending and better utilization of existing housing stock.”
Furthering its mission to make luxury home ownership accessible, Pacaso announced a strategic partnership with The Agency, a global real estate firm, on February 25, 2025.
This collaboration expands access to Pacaso’s co-ownership model, connecting more buyers with luxury vacation homes in premier destinations.
The partnership leverages The Agency’s expertise and global network to streamline the purchasing process, offering clients a flexible way to own second homes.
“This partnership provides clients with a seamless way to own in premier destinations,” Pacaso noted, highlighting the synergy between the two brands in delivering good service.
Pacaso’s global plans are evident in its February 4, 2025, announcement of three new European properties—two in London and one in Paris.
These listings, including a renovated three-bedroom apartment in Paris’ 7th arrondissement and a Mayfair penthouse in London, cater to growing demand for international vacation homes.
Pacaso simplifies the complexities of international ownership, handling legal, tax, and management details.
Joey Byrne, Pacaso’s Head of Europe said:
“We’ve seen many American buyers excited to finally own abroad, as we eliminate the friction and uncertainties.”
The company’s sell-out of properties in Paris and Cabo reflects strong market demand.
With operations in over 40 destinations across the US, UK, Mexico, and France, Pacaso has facilitated over $1.1 billion in real estate transactions and service fees.
Its 2024 financial results reported $164.5 million in transactions, an 18% increase in adjusted gross profits, and a 24% improvement in EBITDA loss.
Pacaso continues to innovate, offering a sustainable, accessible, and economically beneficial approach to luxury second-home ownership.
By expanding its portfolio, forging strategic partnerships, and demonstrating economic benefits, Pacaso is redefining how families experience vacation home ownership while contributing to vibrant local communities worldwide.