Latest news with #Pacaso
Entrepreneur
4 days ago
- Business
- Entrepreneur
Big Investors Are Betting on This 'Unlisted' Stock
You can join them as an early-stage investor as this company disrupts a $1.3T market. Disclosure: Our goal is to feature products and services that we think you'll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. Three of the same VC firms that backed Uber, Venmo, and eBay, respectively, are all investing in Pacaso. Venture backing in companies like Pacaso is nothing new. After all, early-stage companies often have the potential to deliver the most outsized returns. But, recent regulatory updates have opened the door for individual investors to invest alongside these venture capitalists. Normally, everyday investors have to wait for a company to go public before they can invest, missing out on that early gain potential. Now, some companies are opening up investment opportunities to the public. This type of investing has already seen some great success stories. For example, in 2016, 433 people invested an average of $2,730 in a private startup named Revolut. Fast-forward to today, those $2,730 stakes are worth more than $1 million, up 89,900%. That potential could be why 10,000+ investors have taken the chance on Pacaso alongside big-name VCs, contributing $36M+ already. It's no surprise, considering Pacaso's résumé: The company has made $110M in gross profits to date Pacaso's co-founder sold his last company to Zillow for $120M They operate in more than 40 vacation destinations across the U.S., Mexico, UK, and France The company reserved the Nasdaq ticker PCSO The growth potential is where the excitement is. Below we'll reveal more about how Pacaso has built a competitive moat so quickly, and how you can share in their potential growth. Next-generation co-ownership After his $120M exit and subsequent role as a Zillow executive, Austin Allison created Pacaso's game-changing co-ownership model. Powered by proprietary tech and an innovative structure that eliminates the headaches of traditional vacation home ownership, it's already leaving a mark. Here's how: Seamless transactions: Clients easily buy, finance, and resell, shares of luxury homes through Pacaso's intuitive platform. Clients easily buy, finance, and resell, shares of luxury homes through Pacaso's intuitive platform. Turnkey ownership: Pacaso handles maintenance, scheduling, and furnishing; owners simply enjoy their vacation homes. Pacaso handles maintenance, scheduling, and furnishing; owners simply enjoy their vacation homes. Maximized value: Homes that once sat empty up to 90% of the year now stay occupied nearly year-round, benefiting owners and local economies. The demand for their services and expertise is real. In top destinations, co-ownership is growing 21% annually in the U.S., and Pacaso homes have appreciated nearly 10% since 2021 – roughly double the growth of the broader luxury market. Scaling into 10 new international destinations Pacaso is already leading the charge in the $1.3 trillion U.S. vacation home market, combining real estate innovation with tech-driven efficiency to generate multiple revenue streams, the company says. These include transaction service fees on every sale, recurring property management fees, and exclusive financing options tailored to co-owners. And the platform's global reach is growing quickly, as they're already seeing strong returns in the $500B global market. In 2024, they set records in Paris and London. Meanwhile, Cabo is the #3-most-searched destination on their platform. No surprise Europe and Mexico have accounted for 22% of revenue over the past two years, the company says. Now, they're taking international expansion to an entirely new level. They recently announced 10 new international destinations will be added to their platform, spread across Italy, the Caribbean, and Mexico. That means Pacaso's unique model is poised to dominate a combined $1.8T in vacation home markets. Why investors are paying attention There are many reasons why firms managing a combined $180B+ in assets have already backed Pacaso, including: Proven leadership: With a $120M exit and experience as an executive for Zillow, Allison's real-estate expertise is unmatched. With a $120M exit and experience as an executive for Zillow, Allison's real-estate expertise is unmatched. Strong growth metrics: Full-year 2024 financials showed a 21% YoY increase in gross real estate volume and a 24% improvement in adjusted EBITDA. Full-year 2024 financials showed a 21% YoY increase in gross real estate volume and a 24% improvement in adjusted EBITDA. Surging demand: 40% of Americans want to buy a vacation home in the next year (Coldwell Banker), and co-ownership is growing 21% annually in the United States After impressive full-year earnings showed gross profit grew 41%, and with continued growth and expansion plans ahead, Pacaso is hitting their stride. They even reserved the Nasdaq ticker PCSO. You can claim your stake in Pacaso today for just $2.90/share. Be part of this market's next big disruption. Visit to learn more. This is a paid advertisement for Pacaso's Regulation A offering. Please read the offering circular at . Reserving the ticker symbol is not a guarantee that the company will go public. Listing on the Nasdaq is subject to approvals. comparisons to other companies are for informational purposes only and should not imply similar success.
Forbes
6 days ago
- Business
- Forbes
Home Ownership, The Sharing Economy And Luxury Travel Converge
In an era when luxury consumers are rethinking ownership, travel, and lifestyle experiences, few innovators have captured this shift as effectively as Austin Allison. The co-founder and CEO of Pacaso (pronounced like 'Picasso') isn't just reshaping the second home market—he's redefining what it means to belong somewhere. Allison, who previously founded Dotloop, spotted the inefficiencies of traditional second homeownership long before remote work, rising home prices, and multi-generational travel changed the game. 'Most second homes are used just five weeks a year,' he explained during our recent call. 'That creates a lot of problems—empty homes, affordability challenges, and economic drag on local businesses.' Co-Ownership As The Next Wave In Luxury Travel Pacaso's model is elegantly simple: take a high-end second home, divide it into shares, and allow buyers to purchase the amount of ownership they'll realistically use—typically one-eighth. Unlike timeshares, this is real estate ownership via a dedicated LLC. Each co-owner holds a deeded interest. Pacaso manages the experience from A to Z, including design, furnishing, cleaning, property management, scheduling, and resale. The model works because it blends tech, trust, and timing. A proprietary app called SmartStay ensures equitable distribution of peak, off-peak, and holiday time. 'It's essentially a shared calendar, backed by rules and algorithms,' Allison says. 'If someone wants more control over dates, they can buy a quarter share instead of an eighth.' The result is a seamless blend of flexibility and luxury—ideal for the family that wants to spend a few weeks a year in Aspen or Palm Springs, without the headache (or expense) of owning 100% of the home. Applying Fractional Jet Share For Luxury Homes If this reminds you of fractional jet ownership, it should. 'NetJets is Picasso for planes,' Allison says. 'Or, you could say, Pacaso is NetJets for luxury homes.' Whereas NetJets sells time in flight hours, Pacaso's ownership equates to weeks on the ground. The average 1/8 share gives you about six weeks a year in your chosen destination—whether that's Florence, Paris, or Scottsdale. And if you only want to use two of those weeks? Pacaso's new 'Swap' program lets you trade time in your home for time in someone else's—enabling global, luxury home exchange without the traditional headaches of peer-to-peer swaps. Serving the New Luxury Consumer According to Allison, the ideal Pacaso buyer uses their second home more than once a year, but less than six months. That sweet spot—between vacation rental and full-time residence—is where most aspirational second-home buyers live. Even high-net-worth buyers are opting in. 'We have billionaires who could afford the whole home, but they prefer co-ownership because it's more efficient, sustainable, and hassle-free,' says Allison. 'They just show up, take their things out of the owner's closet, and enjoy.' All maintenance costs are proportionally distributed, and everything is managed through the Pacaso app. Owners never see a repair invoice or property tax bill. It's a turnkey approach for a generation of luxury consumers who value experience over excess. International Growth and the Next Chapter Pacaso's growth strategy now includes aggressive international expansion. New homes are launching in Florence, Milan, the Caribbean, and more destinations across Mexico and Europe. The U.S. still dominates the portfolio, but Allison sees tremendous demand from U.S.-based buyers seeking vacation homes abroad. The Swap feature is also a major strategic focus. 'We only launched it a few quarters ago, and it's growing fast,' says Allison. Enhancements are on the way to make the experience even more seamless—an important factor as luxury travelers continue to seek more authentic, immersive stays. Tapping Into Broader Trends The Pacaso model aligns with three major luxury travel trends Allison believes are here to stay: Co-Ownership Has Gone Mainstream Pacaso isn't a startup playing in a niche. It's a brand riding the tailwinds of powerful cultural and economic forces—remote work, digital nomadism, and experiential living. The company's platform turns what used to be a dream—owning a second (or third) home—into something practical and accessible, without sacrificing luxury. As one of those luxury-minded travelers myself, I get it. I've looked at Aspen. I've rented in Scottsdale. I understand the appeal—and the math—of Pacaso's model. And as the brand continues to scale globally and deepen its tech-enabled concierge experience, it just might become as recognizable in the travel world as NetJets is in the sky. Stay tuned for what's next. Because this is not just about homes—it's about the evolution of luxury itself.
Entrepreneur
08-07-2025
- Business
- Entrepreneur
From a $120M Acquisition to a $1.3T Market
Disclosure: Our goal is to feature products and services that we think you'll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. The wealthiest companies tend to target the biggest markets. For example, NVIDIA skyrocketed nearly 200% higher last year with the $214B AI market's tailwind. That's why investors like Maveron are so excited about Pacaso. Created by the man who sold his last real estate venture for $120M, Pacaso's digital marketplace offers easy purchase, ownership, and enjoyment of luxury vacation homes. And their target market is worth a whopping $1.3T. Here's how they're redefining this enormous real estate opportunity: Next-generation co-ownership Pacaso's game-changing co-ownership model is powered by proprietary tech and an innovative structure that eliminates the headaches of traditional vacation home ownership. Here's how it works: Seamless Transactions: Clients easily buy, finance, and resell, shares of luxury homes through Pacaso's intuitive platform. Clients easily buy, finance, and resell, shares of luxury homes through Pacaso's intuitive platform. Turnkey Ownership: Pacaso handles maintenance, scheduling, and furnishing; owners simply enjoy their vacation homes. Pacaso handles maintenance, scheduling, and furnishing; owners simply enjoy their vacation homes. Maximized Value: Homes that once sat empty 90% of the year now stay occupied nearly year-round, benefiting owners and local economies. And the demand for their services and expertise is real. Co-ownership is growing 21% annually in the US, and Pacaso homes have appreciated nearly 10% since 2021 – roughly double the growth of the broader luxury market. Dominating a $1.3 trillion market Pacaso is leading the charge in the $1.3 trillion U.S. vacation home market, combining real estate innovation with tech-driven efficiency to generate multiple revenue streams. These include transaction service fees on every sale, recurring property management fees, and exclusive financing options tailored to co-owners. The platform's global reach is growing quickly, with recent market expansions in Paris and London. In fact, Pacaso's first Paris property sold out so fast that they purchased a second – on the same street. Now, as they scale, Pacaso's unique model is poised to dominate the vacation home segment. Meanwhile, in 2024, Pacaso also reduced its total real estate holdings by more than 30%, a strategic move to reduce burn and drive leaner, more capital-efficient growth. These operational improvements set the stage for long-term scalability and stronger margins as the company expands. Why investors are paying attention There are many reasons top firms like Greycroft and Maveron have already backed Pacaso, including: Proven Leadership: Pacaso's founder previously sold a real estate tech venture for $120M Pacaso's founder previously sold a real estate tech venture for $120M Strong Growth Metrics: Over $1B in transactions and more than $110M in gross profit to date – with a 21% YoY increase in gross real estate volume and a 24% improvement in adjusted EBITDA in 2024. Over $1B in transactions and more than $110M in gross profit to date – with a 21% YoY increase in gross real estate volume and a 24% improvement in adjusted EBITDA in 2024. Surging Demand: 40% of Americans want to buy a vacation home in the next year (Coldwell Banker), and co-ownership is growing 21% annually in the United States On the back of continued international expansion, Pacaso is hitting its stride. After impressive full-year earnings showed gross profits grew 41%, they're turning their focus to continued growth and expansion. They even reserved the Nasdaq ticker PCSO. Claim your stake in Pacaso today and be part of this market's next big disruption. Visit to learn more. This is a paid advertisement for Pacaso's Regulation A offering. Please read the offering circular at
Yahoo
01-07-2025
- Business
- Yahoo
Florida's ‘Forgotten Coast' Attracts Homebuyers Looking for a Vacation Retreat
Beyond Florida's glitzy billionaire destinations like Palm Beach and Miami, affluent homebuyers are flocking in droves to some of the Sunshine State's lesser-known enclaves in search of holiday retreats. Nestled along the Gulf Coast, Gulf County and Walton County last year experienced a boom in second-home sales, outperforming more elite and celebrated spots. Pacaso, the California-based real estate company specializing in luxury vacation homes, has released its 2024 list of the top 20 vacation home markets. The rankings are based on the ratio of secondary to primary homes and annual price growth from 2023 to 2024. Although the top spot went to New Jersey's famed Cape May County, Florida's Gulf County clinched silver thanks to its 77% second- to primary-home ratio and an average home price of $1,003,183. Located in Florida's panhandle, Gulf County is part of the 'Forgotten Coast,' which refers to a stretch of undeveloped coastline devoid of high-rises and strip malls, and renowned for its pristine beaches, stunning vistas, and starry skies unspoiled by light pollution. 'Gulf County, part of the Panama City metro area, boasts 244 miles of white-sand shoreline,' according to Pacaso. Home to just over 14,000 inhabitants, according to the 2020 U.S. Census Bureau, Gulf County offers a laid-back coastal lifestyle that's perfect for nature lovers and beach bums. People with a taste for adventure and the great outdoors can enjoy fishing, sailing, diving, and snorkeling, as well as kayaking and paddleboarding. The Forgotten Coast is also just a short drive away from more bustling beach destinations like Panama City and Destin. 'The beaches near Florida's Forgotten Coast boast easy access from states to the West,' says senior economic research analyst Hannah Jones. 'Buyers may be able to find better deals on Florida's Gulf Coast, which could draw some attention away from higher-priced locales.' According to the latest housing data from the median list price in Gulf County in May was $675,000, down 6.5% from its peak a year ago, but up more than 72% compared with mid-2019. As of last month, Gulf County had more than 360 homes for sale, marking the highest May inventory on record. The priciest city in the county is Port St. Joe, where the typical home was sold for $495,000 in March, which was more than 30% higher than the county median. Situated on the 'Emerald Coast' in northwestern Florida, Walton County ranked third on Pacaso's list of the top vacation home markets in the U.S. owing to a winning combination of secondary- to primary-home ratio of 67% and an average home price of $1,444,503. 'Walton County is home to the renowned 30A, a scenic coastal highway, and features many popular beach towns along the Emerald Coast, including Alys Beach, Seacrest, and Seaside, making it a prime spot to scoop up a vacation home,' writes Pacaso. The area boasts 26 miles of postcard-perfect sugar-white beaches, 15 rare coastal dune lakes, and more than 200 miles of hiking trails, including the 19-mile Timpoochee Trail, which can be explored on foot or by bike. History buffs are sure to be charmed by the quaint town of DeFuniak Springs, dotted with nearly 200 historic buildings, including what is believed to be Florida's oldest continuously operating library, founded in 1886. Compared with Gulf County, Walton County is more high-priced, with a median list price of $965,000 as of May, down 3.4% year over year but up more than 53% from six years ago. According to the most recently available sales figures from March, the median sale price in Walton stood at $690,000 that month, representing a surge of more than 86% from March 2019. The town of Santa Rosa Beach was the area's most expensive, with the median sale price of $850,000 in March. Walton County had over 2,600 homes listed for sale in May, up nearly 14% from a year prior. 'Walton County offers buyers top-notch beaches and ample amenities at a lower price than some of the more popular Florida beach towns,' says Jones. Among the 13 states represented on Pacaso's 2024 list, Florida had the highest number of ranked vacation home markets, claiming five spots. Besides Gulf and Walton counties, Collier County ranked fifth, Palm Beach County ranked 12th, and Nassau County snagged the 17th spot. Home Prices Fall in a Major Texas City as National Price Growth Slows to Weakest Pace in 2 Years This Type of Flooring Will Make Your House 'Unsellable,' According to HGTV Experts U.S. Is Set To Gain a Record 7,500 of the World's Millionaires—and This Sun-Soaked State Is Red-Hot
Newsweek
31-05-2025
- Business
- Newsweek
You Can Now Co-Own a 6-Bed Montecito Mansion
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Luxury homeownership could be within reach as a new mansion in Montecito, California, is being offered with a co-ownership model, giving buyers the chance to own a part of the high-end home. Costing $1,499,000 for a one-eighth share, the six bedroom mansion is on a one acre lot complete with swimming pool, six bathrooms and hot tub. The home is listed by Pacaso, a real estate company co-founded by Austin and Zillow founder Spencer Rascoff to modernize the concept of co-ownership. "At Pacaso, buyers shop from a curated set of vacation-home listings on our marketplace. The company manages everything for its owners—from designing the home and handling scheduling to taking care of household maintenance, upkeep, and repairs—making homeownership as seamless as possible," Pacaso CEO Austin Allison told Newsweek. A picture of 2084 E Valley Rd Unit 1 in Santa Barbara, California. A picture of 2084 E Valley Rd Unit 1 in Santa Barbara, California. Pacaso Pacaso co-ownership allows multiple buyers to divide time at the mansion. With a 1/8 share, you and seven other co-owners would jointly own the property. This share grants you around 44 nights per year, with scheduling managed through Pacaso's app. Owners can hold up to six advance stays at a time. This shift toward co-ownership is gaining momentum, fueled by a growing desire for luxury living with a lower price tag. "We're witnessing a rising trend in vacation home co-ownership," Allison said. "The persistent strong demand fuels our dedication to expanding destinations. We expand and choose new Pacaso markets based on buyer demand—our buyers help us determine which homes to purchase and where." Forbes Magazine consistently ranks Montecito among the wealthiest neighborhoods in the U.S., and it is well-known for its star power, with neighbors like Oprah Winfrey, who owns a 23,000-square-foot mansion with koi pond, tennis courts and multiple orchards. It is also home to Prince Harry and Meghan Markle who own a Mediterranean-style mansion with nine bedrooms, 16 bathrooms, a rose garden and tea house. A view from the balcony in the Montecito home. A view from the balcony in the Montecito home. Pacaso One of the six bedrooms in the Montecito mansion. One of the six bedrooms in the Montecito mansion. Pacaso While the co-ownership model does make things more affordable, this isn't the only reason it has become more popular. According to a 2024 report from Pacaso, there's been a 21 per cent increase in co-ownership across several counties in states like Colorado and Virginia, and Opendoor also reported that a quarter of first-time home buyers did not purchase their house with a significant other but rather looked to friends (11 per cent), siblings (7 per cent), colleagues (3 per cent), and even people they met online (3 per cent). Traditionally, vacation homes often sit empty for much of the year. Pacaso's approach aims to ensure these properties remain active, benefiting both their owners and the local economy. "Co-ownership fosters responsible use of vacation properties," Allison said. "Families are realizing that a vacation home sitting vacant most of the year isn't ideal for anyone. Pacaso's co-ownership model allows you to align your ownership with your usage. You can share the property with other like-minded families, ensuring the home is cared for and contributes more consistently to the local economy throughout the year."
