Pacaso
Marketplace for fractional luxury-home co-ownership
Pacaso is a technology-enabled real estate platform that modernizes co-ownership of luxury second homes. Founded by former Zillow executives, it allows buyers to purchase shares in high-end properties through dedicated LLCs, making ownership more accessible. The company focuses on single-family luxury homes in premier U.S. vacation spots and is expanding internationally.
Pacaso's business model includes acquiring luxury homes and forming unique LLCs for each property, selling up to eight membership interests. Key features include the SmartStay™ scheduling app for equitable booking, fully managed homes with maintenance and concierge services, and financing options for co-ownership mortgages. The company has achieved significant growth, serving over 2,000 owners and generating more than $1 billion in luxury home transactions. Pacaso aims to enrich lives by providing a responsible and enjoyable approach to second home ownership.