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
With ⅛ shares available for $840K, the latest opportunity also marks Pacaso's first venture alongside a dedicated homegoods partner
The 2nd-home solution studied 10 of the most active counties for co-ownership and found the trend grew by 21% in 2023, correlating with a rise in the Housing Price Index in those counties
'We’re encouraging people to think beyond this point of the interest rate cycle,' Roofstock CEO Gary Beasley said at Inman Connect Las Vegas on Wednesday
Buyer demand of fully serviced 2nd homes has led the company to pick up a 4th Cabo home, 4 more in America’s mountain-town destinations, and 2 in Southern California, Pacaso said
Each of NevelHaus' carriage house designs are infused with modernism, characterized by open floor plans and floor-to-ceiling glass openings, meant for simple living
Pacaso employees impacted by the cuts will be provided severance, health care coverage and career help, Pacaso CEO Austin Allison said during an all-hands conference call Tuesday
Pacaso CEO Austin Allison and Board Chairman Spencer Rascoff spoke to Inman about the emergence of a game-changing second-home model on the eve of its launch into a new market
The company will have 2 homes available for 2nd homeowners. The 1st is a modern, hilltop property overlooking the Sea of Cortez on the peninsula's eastern boundary in Puerto Los Cabos
"On the British Monopoly board, the two most desirable and expensive spots are 'Park Lane' and 'Mayfair.' This stunning Mayfair penthouse duplex apartment will demonstrate exactly why it’s up there right at the top." - Pacaso
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Two industry leaders discuss the new frontier of homeownership
Pacaso CEO Austin Allison told Knock CEO Sean Black at Connect Now that he believes the co-ownership model can help alleviate the pressure on mid-tier housing in vacation destinations
The platform has acquired its first luxury property in Arizona, a 4-bedroom, 4-and-a-half-bathroom home in Cave Creek, a popular desert resort community north of Scottsdale
Aspiring buyers can now view new listings 24 hours in advance of when they're made available to the public, according to an announcement from the second-homeownership platform on Wednesday
Pacaso is making available 1/2 to 1/4 shares of the Maui home, which will be operated by a team of local service providers