The new price point marks a strategy shift for the company, which buys homes in vacation markets, converts them into LLCs and sells shares to up to eight buyers.

Join the movement at Inman Connect Las Vegas, July 30 – August 1! Seize the moment to take charge of the next era in real estate. Through immersive experiences, innovative formats, and an unparalleled lineup of speakers, this gathering becomes more than a conference — it becomes a collaborative force shaping the future of our industry. Secure your tickets now!

Pacaso, the vacation home co-ownership marketplace, added thousands of new properties into its portfolio of available listings on Tuesday after it lowered the starting price for vacation homes on its platform.

Once catering exclusively to high-income families looking to buy a one-eighth or more shares in a home, Pacaso now offers shares to interested buyers for as low as $130,000, the company told Inman.

TAKE THE MARCH INMAN INTEL INDEX SURVEY 

The strategy shift opened up new listings across the country at the same time as the company began offering new services to help more people split their homes with others, Pacaso CEO Austin Allison said.

Austin Allison | CEO of Pacaso

“Today, we’re empowering buyers across the country to identify their own slice of paradise,” Allison said in a statement. “With millions aspiring to own vacation homes, but facing affordability challenges, Pacaso’s co-ownership solution just became more accessible through nationwide expansion, enabling more families to enjoy vacation homeownership.” 

Pacaso buys homes in vacation markets, furnishes them, converts them into limited liability companies and sells off shares that allow owners six weeks’ access each year. Buyers can secure up to half of the ownership in the homes.

The company also offers financing at below-market rates, as well as property management services and help with resale.

Several of the lower priced listings on Pacaso’s site are actively listed on a multiple listing service. The company is looking to attract enough interested buyers before it buys the home, converts it and resells it to up to eight owners.

The company has rebuffed criticism that the model is effectively a modern timeshare, pointing out that timeshares are often one of many similar units at a resort and Pacaso homes are individually unique.

The company had previously been focused on proving the concept of modern fractional home ownership by buying only homes that were about twice the price of the median home in communities. But Pacaso co-founder Spencer Rascoff previously told Inman the company could eventually shift to provide access to more price points.

“Many great consumer-first companies, such as Tesla and Uber, begin with an upscale product before expanding into more accessible price points and products,” Rascoff said on Tuesday. “Just as Uber grew from its first luxury product of Uber Black in select U.S. cities before expanding globally with more offerings, Pacaso is now embarking on an exciting expansion phase to revolutionize vacation home ownership across the nation.”

Spencer Rascoff | Co-founder, Pacaso

Pacaso’s growth hasn’t been without difficulties. The company has faced legal battles and fights in communities that have sought to put restrictions on companies that facilitate fractional ownership at the behest of residents who point out high home prices nationwide.

The company has long maintained that its homes are better for communities than whole home vacation ownership, which might sit vacant for more days out of the year.

“With Pacaso, you establish lifelong traditions in a home and community you know intimately and have a long term connection to,” Allison said. “That’s something you don’t get with short-term rentals or other transient travel options.”

In a nod to those who might already own a vacation home but might not be in the market for a Pacaso share, the company also released templates to help convert a home into an LLC to share with others. That template is available for $50, and another template that helps lay out an operating agreement for managing the property is available for $250.

Email Taylor Anderson

Editor’s Note: An original version of this story said Pacaso had an ownership share for $84,000. That share is for a lease that is being handled by the company. Pacaso’s least expensive listing for an ownership share is $130,000.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×