The Pacaso blog

You’re considering becoming a homeowner but aren't sure you can afford to do it alone. This is where Here is what you need to know about co-ownership, including how it works, its benefits and drawbacks, the differences between co-ownership and whole home ownership and how to get started. What is co-ownership? Co-ownership occurs when two or more parties jointly own an asset such as a home. In this arrangement, all owners are listed on the asset's title, signifying that each holds a specific percentage of ownership. Opting for co-ownership means entering into a legal and financial partnership with the other buyers and an agreement about shared property access. How does co-ownership of a house work? Co-owners of a house share obligations like property taxes and mortgage payments. Each co-owner must agree to decisions like renovations made to the property. Co-owners are also typically Shared ownership homes may work through either a joint tenancy structure or a What is a co-owned home? A co-owned home is a property purchased and owned jointly by two or more people. All owners are included on the title of the home, and all parties hold a portion of ownership in the property. When you buy a shared ownership house with other buyers, you enter into a financial and legal partnership and a new living arrangement. Why is co-ownership on the rise? Co-ownership has traditionally involved a group of friends or family members coming together to buy a second home, or a child inheriting a house from their parents or grandparents. While co-ownership isn’t a new concept, it has become a more viable Types of co-ownership There are different Tenancy in common A tenancy in common (TIC) is for two or more people with an ownership interest. Tenants may have unequal investment stakes. For example, one owner might have an 80% interest with two co-owners at 10% apiece.  Often, this corresponds to the financial investment contributed at the original purchase. Unless explicitly stated otherwise in the deed, TICs do not have rights of survivorship. Property shares pass to an heir if a tenant dies instead of the remaining tenants. Tenancy in common is available for everyone, regardless of their marital status. Joint ownership All tenants are granted their deeds at the same time and, upon death, agree to pass the property on to their co-owners via survivorship rights to avoid probate. Owners must demonstrate the “four unities” to qualify: Community property Married couples may co-own title as community property in nine states: Arizona, Texas, California, Idaho, Louisiana, Nevada, New Mexico, Washington and Wisconsin. These states recognize couples as a single financial entity. A right of survivorship must be specified so that when one spouse dies, the other can automatically take over the title. Unlike JTWROS, there’s no guarantee of automatic survivorship rights. Tenancy by the entirety Married couples can also choose tenancy by the entirety (TBE) as their co-ownership model. TBE is a type of joint tenancy that comes with survivorship rights. This ensures the property avoids a costly probate process and passes immediately into the widowed spouse’s hands. Tenancy by the entirety views couples as one financial entity, so the property is considered to be owned by “one person.” Modern co-ownership Pacaso is an example of modern co-ownership, the new way to co-own luxury vacation homes. Modern co-ownership comes with some key differentiators, such as: Pros and cons of co-owning a home As an alternative to buying a whole second home, co-owning a house offers owners a unique set of benefits for buyers, as well as things to consider: What’s needed to start a co-ownership agreement? Whether you are doing Common elements of a successful co-ownership agreement include: Types of co-owners You can co-own a home with a family member, friend and even a stranger. The people you’re looking to co-purchase a home with could influence the type of co-ownership. For example, friends, partners and strangers might consider a TIC or joint ownership, while married couples might benefit from community property and TBE. Buying a home with other people is a major undertaking, regardless of the co-owner. Not only is DIY co-ownership challenging, but it also presents factors outside of your control. Job changes, financial disruption, health issues and other major life and lifestyle changes could impact each person’s commitment to the second home.  Co-ownership mortgage differences If you decide to purchase a home through co-ownership, you and your co-owners will likely take out one mortgage loan — unless you plan on paying all in cash. Advantages of co-ownership mortgages include: But you’ll also need to consider: If you are co-purchasing a home part of a TIC, you may qualify for a fractional loan that reduces your financial responsibility to only your loan and not your co-owner’s. However, Differences between a co-signer and co-buyer A co-buyer (or co-owner) is different from a co-signer regarding ownership and payment. Co-signers take full responsibility for a loan along with a primary signer, but they do not have any ownership rights to the home. In contrast, a co-buyer has equal or similar rights to other buyers co-owning the home. Another difference is that co-buyers are responsible for payment from the start of the loan. Co-signers, however, only assume responsibility if the primary signer is unable to make their mortgage payments. Selling a home with co-owners If you decide to sell your home, there are scenarios to consider: The first is where all owners want to sell, and the second is when one owner wants to sell their ownership interest but the others do not. If all owners of a co-ownership property decide to sell, the situation is less complicated, as there would be no debate over the right to sell. Outlining these terms in the co-ownership agreement from the beginning is critical. What happens when only one person wants to sell? With certain co-ownership models like tenancy in common or joint ownership, you have the right to sell your interest in the home. While you cannot sell without the permission of the other owners (as you do not hold sole ownership), you can still share your share at any given time once approved. The buyer of your share — which could be another co-owner — would take on the same portion of ownership that you held in the property.  H2: Co-ownership vs. fractional ownership While co-ownership and However, unlike timeshares, co-ownership and fractional ownership models provide deeded ownership, Tips for co-buying a house If you’re thinking co-buying is for you, here are some additional tips to consider: Co-own a home today Co-owning a home empowers people to own property and build equity while lowering the financial and logistical burdens of buying and owning a whole house.

Your second home should be a place to relax and unwind—not a source of stress. Yet too often, homeowners find themselves weighed down by the realities of vacation home management, from routine maintenance and bill payments to scheduling repairs. While some properties offer basic vacation home management services to handle these tasks between visits, Pacaso takes it further with fully managed co-ownership and turnkey property management.  Here’s a closer look at what vacation home management typically involves, and how Pacaso’s approach goes above and beyond traditional solutions. Here’s what professional Property maintenance and upkeep Routine maintenance is at the heart of vacation home management. This includes landscaping, inspections, and repairs to keep the property in top condition year-round. Proper upkeep not only preserves your home’s value but also ensures it’s always ready for a relaxing stay. Many vacation home management companies will also be responsible for seasonal upkeep like leaf removal and snow clearing to keep the home in pristine condition year-round. Vacation home cleaning services Between stays, homes require thorough cleaning and preparation. Cleaning and turnover services make certain that every visit feels relaxed and welcoming, from fresh linens to spotless kitchens and bathrooms. Financial management and bill handling Managing a vacation home involves more than upkeep. The best property managers often include handling utilities, taxes, HOA fees, and insurance—freeing owners from the administrative burdens of property ownership. Guest and owner access coordination Scheduling stays, managing keys or smart locks, and coordinating arrivals and departures is another critical component of vacation home management services. Effective access coordination ensures that both owners and guests have a smooth, stress-free experience. Security and home monitoring Finally, professional vacation home management services often include monitoring the property to safeguard against issues while the home is unoccupied. This can range from smart home alerts to routine inspections, giving owners peace of mind no matter where they are. The challenges with vacation home management companies Even with professional management, many homeowners face challenges that can make vacation home ownership stressful. Understanding these common pain points helps find the best vacation home management solution for you. High costs and hidden fees Many traditional vacation home management companies charge steep service fees, often with extra costs for maintenance, turnover, or concierge services. These expenses can add up, cutting into the enjoyment and financial value of owning a second home, so it’s important to consider Impersonal interactions Some vacation home property managers operate like faceless service providers. Owners may find communication transactional, with little personalized attention or understanding of their preferences and lifestyle. Difficulty reaching support Getting timely help can be a challenge, especially when urgent maintenance issues arise or last-minute scheduling changes are needed. Limited responsiveness can leave owners feeling frustrated or unsupported by their vacation home manager. Limited flexibility Traditional management companies may not accommodate unique homeowner needs, whether that’s last-minute bookings, customizing interior touches, or coordinating with family schedules. Inconsistent standards Not all vacation home management companies maintain the same level of quality across cleaning, maintenance, and upkeep. This inconsistency can affect the guest experience and the property’s long-term condition. Turnkey vacation home management with Pacaso When you co-own a luxury vacation home with Pacaso, you gain true freedom from the burdens of traditional home ownership and the hassles of managing a second home. Pacaso’s fully managed approach ensures every detail is handled, delivering a seamless ownership experience crafted for your relaxation and enjoyment. Stylish interior design and furnishings Outfitting a second home can be time-consuming and costly, which is why Pacaso’s turnkey property management ensures your home is ready for comfortable living from day one. Our goal is to provide you with a second home that is both beautiful and functional.  Our team of interior designers gives each home a thorough makeover, selecting custom furnishings, artwork and accessories that complement the home’s architectural style and layout, making your vacation home interior design feel effortless.  We balance modern design with comfort to create livable luxury. Pacaso owners should feel as comfortable — or more comfortable — in their second home as they do in their primary residence. In addition to furnishings, homes are fully equipped with Design Certified Our top-tier vacation home management services begin before you even walk through the door. Our team of in-house interior designers works tirelessly to create a beautiful space that is unique, inviting, and functional. Every Pacaso home is part of our Impeccable turnover services and maintenance Maintaining a second home from afar can be a challenge, and once you’re there, you want to focus on relaxing—not spending time on vacation home cleaning and upkeep, or a pesky After each owner’s stay, the home is thoroughly inspected and cleaned, and any maintenance issues are logged and resolved. Preventive vacation home maintenance services are scheduled to address potential problems early, and reserves are set aside for long-term or unexpected issues, like replacing an appliance that stops working.  We also supply items like light bulbs and batteries so owners can easily take care of minor issues without needing to run to the store. Pacaso’s vacation home management team also makes sure the property looks great year-round, with regular landscaping and region-specific upkeep like snow removal, so your home stays pristine and ready for every visit. Streamlined bill management When you co-own a home, you need a fair and centralized system of billing. Pacaso property management makes this aspect of ownership simple. For each home, we create an annual Ongoing dedicated support Your relationship with Pacaso doesn’t end with your purchase. You’ll have a dedicated Home Manager to support you before, during, and after your stays.  Your Home Manager or our 24/7 Central Support crew handle any maintenance issues, so you’ll never have to worry about second home management, finding service providers, or scheduling repairs. We also check in with owners to see if their needs are being met and provide an opportunity for feedback. Our number one priority is ensuring Pacaso owners have a The Pacaso property management team Meet some of the Pacaso Home Managers and get an inside look at their day-to-day work as vacation home property managers. Lindsey Harden (Tahoe) In the Tahoe region is Senior Home Manager, Lindsey Harden, who shares the care and service owners can expect. Aaron Olthoff (Colorado) If you’re an owner in Colorado, you’ll get to know Aaron Olthoff. He shares how he keeps every Pacaso home in the iconic Rocky Mountain towns in top condition all year long. Discover the ease of turnkey property management with Pacaso and take the next step toward second home bliss.

Pacaso is known for delivering an effortless ownership experience for those seeking a second home with ease and flexibility. Owners may hold up to six advance stays at a time per 1/8 share owned, and advance stays can be booked up to two years in advance, allowing you to plan ahead for holidays, school vacations, and more. But sometimes the best memories come from spur-of-the-moment plans — a surprise long weekend, an unexpected day off, or a simple urge to escape. And other times, you just want to linger a little longer. With Pacaso, owners can not only book last-minute getaways but also easily extend their stays, giving you more time to relax, recharge, and enjoy your home away from home. The Pacaso app shows availability in real time, making it easy to find and book dates in the short-notice window.  Already have a stay booked? If the days before or after your reservation are available in the short-notice window, you can add them on at no additional cost, giving you more time to enjoy your home away from home. With Pacaso’s SmartStay™ system, flexibility is always just a tap away, whether you’re planning a last-minute getaway or simply not ready to head home. “I think the ability to look far to the future but also have the flexibility for last-minute stays is really awesome with the app, because it enables you to make the most of the time you have and really enjoy the property.” — Dan, Pacaso owner “I think the app is super easy to use, and I can just look and see what’s available and we plan our trips around it.” — Elizabeth, Pacaso owner “The app is so ridiculously easy. You can do your scheduling, you can cancel and change — it’s really flexible, and if there are extra nights, you can just book it on the spot.” — Gayle, Pacaso owner This flexibility reflects Pacaso’s commitment to redefining second home ownership by creating an experience that’s effortless and designed with owners in mind. Plan your next getaway today and make the most of every moment in your Pacaso home.

Before any Pacaso owner steps inside their new home, our team has already spent hours perfecting every detail– rearranging the layout, curating furniture, and fine-tuning the in-home experience. The result is a space that doesn’t just look beautiful, it We call this expert touch, Nestled in Kiawah Island’s lush wetlands, this home exudes Southern charm and hospitality. Light-filled interiors and refined design create a sophisticated retreat, while expansive living spaces and nearby nature trails offer room to connect and explore. But what makes this home truly exceptional is that every design choice is intentional, with details that elevate it from the inside out. We asked a few Pacaso team members who helped bring Blue Heron to life what stood out most to them: Every Pacaso home is part of our Behind the scenes, our team works through a detailed process, from architectural walk-throughs to virtual design boards, to ensure every space is not only aesthetically stunning, but highly functional.  Because your second home should support the Ready the moment you arrive The beauty of owning a Pacaso isn’t just the destination, it’s the ease. When you arrive at Blue Heron, everything is in place: fresh linens, a fully stocked kitchen, plush seating, and welcoming spaces for everyone to unwind. It’s not just a second home in Kiawah Island, it’s a second home where the hard work is already done for you. All that’s left to do is enjoy.

Before any Pacaso owner steps inside their new home, our team has already spent hours perfecting every detail– rearranging the layout, curating furniture, and fine-tuning the in-home experience.The result is a space that doesn’t just look beautiful, it We call this expert touch, Tucked in the heart of Vail, Fallridge is just minutes from world-class skiing and a short walk to the heated outdoor pool, perfect for unwinding after a day in the mountains. But what truly makes this home shine is the level of intention behind every detail. We asked a few Pacaso team members who helped bring Fallridge to life what stood out most to them: Every Pacaso home is part of our Behind the scenes, our team works through a detailed process, from architectural walk-throughs to virtual design boards, to ensure every space is not only aesthetically stunning, but highly functional.  Because your second home should support the At Fallridge, that meant reimagining the downstairs living area for après-ski gatherings, curating custom artwork for the dining area, and layering textures like soft gray Phillip Jeffries wallpaper to add warmth and dimension to the primary suite. Ready the moment you arrive The beauty of owning a Pacaso isn’t just the destination, it’s the ease. When you arrive at Fallridge, everything is in place: fresh linens, a fully stocked kitchen, plush seating, and welcoming spaces for everyone to unwind. It’s not just a second home in Vail, it’s  a second home where the hard work is already done for you. All that’s left to do is enjoy.

Beginning this summer, Pacaso owners and investors visiting the “Partnering with a Napa Valley icon like Cakebread Cellars enhances every stay for our owners,” said Pacaso Co‑Founder & CEO, Austin Allison. “Exceptional wine, warm hospitality, and a true sense of place are cornerstones of the Napa lifestyle—and the types of experiences Pacaso is designed to deliver.” “We’re excited to launch this partnership with Pacaso. Cakebread Cellars has been committed to creating memorable authentic wine experiences over the past 53 years and together with Pacaso, we look forward to bringing these same luxury wine experiences to Pacaso home owners around the country,” said Laura Webb, Vice President of Sales, Marketing & DTC at Cakebread Cellars. From vineyard‑view estates in Napa to coastal retreats worldwide, Pacaso curates and manages luxury homes so owners can focus on what matters most: creating lasting memories. The Cakebread Cellars partnership underscores Pacaso’s commitment to pairing turnkey ownership with authentic local experiences and benefits that bring each destination to life. To learn more about owning a Pacaso in Napa Valley, visit

Timeshares have been around since 1969, and sales show no sign of slowing, growing an average of 7.2% annually. This is mostly due to millennials becoming a significant portion of timeshare owners, with many seeking flexible and diverse vacation experiences. This steady growth shows people are continuing to be interested in this vacation style, especially now that there are way more ownership choices to fit all sorts of travel tastes. Our guide covers different timeshare types, including fixed-week, floating-week, and points-based systems. We'll also detail the costs of owning a timeshare, like the purchase price and maintenance fees, so that you can decide on your vacation goals. How do timeshares work? In a timeshare, multiple individuals (usually up to 52) collectively invest in and share the use of a vacation property Timeshares operate on It's crucial to understand that with timeshares, Real-world timeshare example Let’s say your family buys a timeshare property in If you vacation there for 10 years straight, you’ll have spent $38,000 ($25,000 initial cost + $1,300 annual fee x 10 years) plus any additional maintenance fees. Divided across 140 nights (14 per year), that adds up to $271 per night, which may be cheaper than the cost of the room if you book on the resort’s website. The potential savings via a long-term contract are why some people find timeshares so appealing. Types of timeshares There are a lot of timeshares out there, and not all timeshares or Shared deed timeshares Shared deeds divide ownership into smaller parts that reflect how long you can stay. A timeshare that’s divided into two-week stays would have 26 simultaneous owners, and it’s not uncommon for deeds to have a 52-part split, one for each week of the year. Shared lease timeshares Shared leases are like an apartment you’re paying to stay in a few weeks out of the year, but you commit to a certain period. The kicker here is that you don’t get a deed because How timeshares are split Now that you understand how the two types of contracts work, let’s look at the three main ways to divide time for timeshare properties.  To avoid a Ultimately, ask yourself: "Is this a place I want to stay year after year?" This can help you determine if a timeshare is right for you. Fixed weeks Fixed weeks mean you’re locked into the same week every year (say, the third week in April). While this offers the predictability of always having your vacation secured at a specific time, it also means your travel dates are rigid. Changing your fixed week usually comes with a hefty price tag in the form of an upgrade fee, if it's even possible, making it less flexible for those whose schedules vary from year to year. Floating weeks Floating weeks let you choose your week seasonally. This offers more flexibility than a fixed week, since you're not tied to the exact same dates every year. However, that flexibility comes with a trade-off: floating week systems are very competitive among timeshare owners, and the best slots during high season get snapped up quickly.  You'll often need to book far in advance to secure your preferred dates. If keeping your Points system Some timeshare properties operate with a points system, similar to an airline. You “pay” for your stay with points, giving you greater flexibility in how you travel. This means you're not restricted to a single property or a specific time slot each year.  Choosing an off-season, weekday stay or downgrading to a smaller room may cost fewer points overall, allowing you to stretch your points for more frequent, shorter getaways or save them up for something bigger. By contrast, you can also use points to upgrade components of your vacation, such as getting a bigger room or a better view — or even enjoy another How much does a timeshare cost? A timeshare's cost involves two main components: an initial purchase price and ongoing annual fees. The initial cost to buy a timeshare is In addition to the upfront payment, you'll be responsible for annual maintenance fees and any other charges outlined in your contract for the lifetime of your timeshare. These fees cover essential expenses such as maintenance, utilities and property taxes. They average around Timeshares vary in format, ranging from fixed-week to floating-week systems, and this can also influence the overall costs associated with them. Be sure to check the terms of your timeshare contract before signing. This document should outline all of the one-time and ongoing costs, including: Financing a timeshare Banks usually don’t loan money for timeshares, so buyers have few financing options other than the timeshare company itself. Little competition means some timeshare companies use high-pressure sales tactics on potential buyers, plus  14-20% interest rates — way higher than most This can significantly increase the overall cost of a timeshare, making it crucial for potential buyers to scrutinize the full financial commitment before signing any agreements. You might consider using a Pros and cons of timeshares You may fall in love with timeshares because they’re in destinations with lots to do. Some timeshares allow you to trade locations with other owners, use some of your nights to explore somewhere new or let your friends and family members use your nights.  Unfortunately, timeshares also have quite a few detractors. Annual fees and special assessments can be expensive, and if you decide it’s no longer the right choice for you, timeshares can be hard to sell on the secondary market. The timeshare industry also gets a bad rap for pushy sales tactics. Timeshare ownership also sidesteps most of the fiscal advantages that owning real estate normally brings, like equity, Exiting a timeshare If a buyer eventually decides to sell their timeshare, The second home difference One of the main reasons people choose a timeshare over another type of getaway — like Although With Here’s one last major difference: You’re guaranteed far more than a week’s stay — on average, owners of a 1/8 share in a And should you decide to sell, you can sell at any time, at the price you set. Learn more about how

If you invest in a fractional ownership of a holiday home, you'd have the right to use that property for a predetermined number of days or weeks annually. This approach allows individuals to enjoy the benefits of owning premium assets without bearing the full financial burden alone. In this post, you’ll learn what fractional ownership is, explore its pros and cons and get answers to some frequently asked questions. Understanding fractional ownership You’ll typically find fractional ownership for real estate like vacation homes. However, fractional ownership can also come into play for art, stocks and fashion. When owners purchase real estate assets with fractional ownership, they’re issued deeds representing their fraction of the property.  How fractional ownership works It may sound complicated, but fractional property ownership is pretty cut and dry. Here’s how it works: Types of fractional ownership There are two main types of fractional property ownership structures: an entity, like an LLC, and tenancy in common. Fractional ownership through an entity Some properties split ownership by using a structural entity like an Tenancy in common Tenancy in common (TIC) means each tenant holds an individual deed for a fraction or percentage of a commercial or residential property. However, no one person or company is in charge. With a TIC, individuals can own different percentages of the property but share it equally. Some TIC agreements are self-managed. Fractional ownership vs. timeshares Timeshares may be shared by as many as 52 owners (one person or group for every week of the year) while fractionally owned properties can have as few as two owners.  Benefits of fractional ownership Fractional ownership has many benefits, including shared maintenance costs and upkeep, among others. Here are some of those benefits: Expanded opportunity to own Fractional real estate investments allow you to own a portion of Deeded ownership Unlike a timeshare, fractional home ownership gives you a deed to a fraction of the property itself (sometimes called a Usage rights Unlike short-term Shared upkeep and maintenance costs Using the fractional ownership model, you're also responsible for only a fraction of the property's upkeep and maintenance. This includes taxes, HOA fees, repair bills, landscaping, utilities, Lower upkeep and maintenance burden Most fractional real estate ownership agreements include provisions for long-term property management, with owners deciding how to handle any issues. Maintenance of When you have fractional vacation home ownership through an entity, it will include preventative and Cons of fractional ownership Though fractional ownership has advantages, there are a few drawbacks to consider.  Fewer financing options Fewer banks provide mortgages for those looking to buy properties fractionally. You may need to shop around or consider other ways to Less flexibility and freedom All decisions about maintenance, repairs and decor must go through all ownership partners, which can be a hassle. If you want to sell a fractional property, the other fractional owners must approve the sale, depending on your agreement.  Some fractional property ownership clubs also require you to maintain an agreement with the club or property management company associated with the home, with no option for self-management or management outside the company. Limited travel opportunities While it's not unheard of to own shares in multiple fractional ownership properties in different locations, investing in fractional ownership also means investing in the location you’re going to revisit. Of course, you can still vacation elsewhere, but it's something to factor into your travel plans and budget.  Similar alternatives to fractional ownership Where fractional ownership falls short, Pacaso steps up. Pacaso's professionally managed LLC co-ownership model gives you all the perks and lower co-ownership costs with key differences that set it apart from fractional ownership resort clubs. Unlike fractional ownership resorts, Pacaso offers LLC

You’ve probably seen vacation home listings on Though you can book most vacation rentals for a few nights or weeks, each state has its own qualifiers for short-term rental properties. We’ll share the pros and cons, and additional considerations potential owners should bear in mind. Understanding short-term rentals Over the last 10 years, vacation rental brands like Seasonality, however, can also play a part in whether a rental will be in demand — meaning owners might have to give up personal stays during the most popular times of the year. Owners are also responsible for cleaning, coordination and maintenance to keep the short-term rental property in guest-ready condition. How short-term rentals work Many people who Because people on vacation will most often use short-term rentals, stays might vary from a few nights to several weeks. Sometimes, renters may lease them for as long as a month. Anything under six months is generally considered a short-term rental. Ultimately, your local jurisdiction defines what a short-term rental is for your area. What’s considered a short-term rental in each state? Local restrictions are a critical factor for anyone considering Owners should verify local regulations, zoning, taxes and licensing with their city or state government website for specific details about what qualifies as a short-term rental in their area before leasing their property. Types of short-term rentals Many The type of short-term rental you operate can affect how you operate your vacation rental business. It’s important to correctly categorize your vacation rental so that you pay the appropriate taxes and apply for the right zoning permits. Entire homes Airbnb and Accessory dwellings Accessory dwellings are sometimes known as in-law suites because they often take the form of cozy detached studios complete with an en-suite bathroom and comfortable furnishings — perfect for when the parents are in town. An ADU is generally on the same property as the primary residence and can potentially include a private entrance. Rooms Some jurisdictions allow homeowners to rent out a room in their primary residence as a short-term rental. The room can serve one or multiple guests at a time and can potentially include access to shared spaces like a kitchen or yard. Like an accessory dwelling, private rooms can sometimes include private entrances. Comparing long-term to short-term rentals Both short-term and long-term rentals are investment properties that homeowners can use to generate rental income. The length of the lease between owner and tenant often determines which type of rental agreement both parties will abide by. A long-term rental is generally a lease agreement for tenants who live at a rental property for at least 90 days, although some landlords require a minimum of 180 days or a full calendar year.  A short-term rental, however, is generally available to lease for less than 30 consecutive days. Compared to a long-term rental, owning a short-term vacation has its fair share of unique Considerations before investing in short-term rentals Short-term rentals require homeowners to abide by local vacation rental rules and regulations. There are several factors to consider before investing in a vacation rental. To operate a short-term rental, owners need to: A short-term rental investment property generates income from short-term leases. Short-term rentals can take the form of entire homes, ADUs or rooms within your primary residence.  Although vacation rentals can potentially yield rental income, they also come with a fair share of property management and tenant communication. If you’re more interested in relaxing than running a business, consider becoming a Co-owning a luxury second home has never been easier. Unlike vacation rentals, a

At Pacaso, we don't just provide you with a second home — we create a delightful living space that’s ready for you to start making memories the moment you arrive. Our From installing "It takes a lot of intricate thought and detail, so you can fully enjoy your second home without having to lift a finger," said Lisa Christensen, Pacaso Home Onboarding Manager. "We think of everything, and that's one of the biggest benefits of being a Pacaso owner." Ready to experience the Pacaso lifestyle for yourself? Browse our

Home co-ownership has been around for a long time, and it comes in many forms. It can be as simple as a married couple owning a property together or it can be more complex, legally or financially.  Spouses and family members often choose joint ownership of a primary or second home so when one owner dies the property’s title passes to the surviving owner or owners.  Other Co-ownership benefits The Co-ownership downsides A smarter option Pacaso has developed a Buyers purchase ownership interest, ranging from 1/8 to 1/2, in a Pacaso co-ownership is more flexible than a Pacaso owners enjoy Definitely not a timeshare “ Timeshares have proven to be poor investments. Most lose 30-50% of their value and are notoriously illiquid, according to the 2020 Sherpa Report. Use rights are often rigid, and “owners” may feel (and act) more like renters.By contrast, co-ownership in a second home gives you true ownership in a place you can call your own. All owners agree to a Pacaso code of conduct and share an owner mentality.  Definitely not a fractional A less common ownership model is “fractional” or shared resort ownership. You may see these marketed as “residence clubs.” These fractionals differ from timeshares in that they offer fewer shares, so owners get more use time. They are also costlier than timeshares, averaging $161,500 per share in 2019, according to Ragatz Associates. Additionally, members must pay costly annual membership dues. Fractionals often offer hotel-like services and amenities, but do not guarantee use of a specific space. Owners buy access to a type of unit at a club or resort, not a home.  Pacaso’s Pacaso co-ownership delivers the benefits of whole second home ownership without the downsides. Check out

There are several On the other hand, people who rent out their vacation home often find that it’s very time-consuming. In addition to It’s no wonder many vacation homeowners hire a rental management company to handle all those day-to-day tasks. Here are the seven best short-term rental management companies. 1. Vacasa The company focuses on whole-family rentals, including single-family homes, condominiums and townhomes. The hallmark of its offerings is 24/7 customer service for renters via phone or app and local management teams in case issues arise. For property owners, Vacasa’s sales and marketing services are a big draw. It provides 3D virtual home tours, professional photography and data-driven, dynamic pricing technology.  Pricing and fees Vacasa’s vacation property management includes a full-service deal, including bookkeeping, marketing and 24/7 guest support. However, pricing varies depending on the needs of the property and the local market. 2. Evolve Since launching in 2011, Evolve boasts a lower-than-average property management fee, starting at 10%. It comes paired with a “risk-free guarantee,” which says they only charge their management fee once bookings are secured. Like Vacasa, Evolve offers dynamic pricing and top-notch marketing. They also don’t limit personal stays, so you can enjoy your home as much as you want. Evolve has listings in destinations from California to New England, the Southwest to Pricing and fees As far as vacation rental management companies go, Evolve is one of the most affordable. However, they don’t include some basic services like cleaning or maintenance. 3. AvantStay If your property is on the larger side, you’ll want to take a look at AvantStay appeals to property owners with specific investment and financial goals and those who want top-notch service. Owners enjoy the services of a dedicated account manager, flexible contracts and included liability coverage. Perhaps the most appealing perk may be the Vacation Club membership, where property owners earn travel credits that can be redeemed for stays at other AvantStay properties.  Pricing and fees As one of the top management rental companies, AvantStay prices and fees mirror their upscale services. You’d need a quote for their package. 4. SkyRun A collective of independent vacation rental companies, SkyRun offers second-home owners two key differentiators. First, their preventative maintenance program uses regular inspections and smart home technology to ensure your home is in good working order for every guest. Second, they don’t charge new owners any onboarding fees.    Pricing and fees SkyRun is a collective of property managers and each may have their own pricing. You have to contact a vacation rental manager and get a quote.  5. Casago Casago is a smaller, Arizona-based property management firm with a combination of resort properties and individual homes in its portfolio. Management services are available in a focused set of locations, mostly Arizona, Southern California and Mexico. However, Their full-service property management includes marketing, filing of local and state sales taxes, utility payments and everything related to renter management, like check-in and check-out, cleaning, maintenance and monthly inspections.  Pricing and fees Casago’s vacation home management pricing depends on the size of the property. They use a commission-based structure. 6. Awning Its services include: guest communication, dynamic pricing and coordination of cleaning and maintenance. Availability and level of service can vary by market, and the platform is best suited for owners seeking a more analytical and structured management approach. Pricing and fees When it comes to vacation home property management, Awning has a distinct payment structure. They optimize their pricing according to various factors, such as the size and location of the property, to maximize returns.  7. Pacaso All maintenance, cleaning and management are handled by Pacaso, so there’s no need to chase rent payments or coordinate guest stays. This makes it the best vacation property management company for those who want the benefits of second home co-ownership without the responsibilities of hosting. Pricing and fees Pacaso’s home property management costs depend on various factors, particularly your share of the property. Pacaso budgets for the year, estimating your monthly costs.  Pros and cons of using a property management company  Hiring a property management company can be a smart move for vacation or second home owners who don’t live nearby or don’t want to manage day-to-day tasks. These companies take over responsibilities, such as guest communication, maintenance, cleaning and marketing. However, that convenience may be costly. Here’s a list of advantages and disadvantages to consider: Pros of using a property management company Undoubtedly, the biggest advantage of using a property management company is knowing that your property is in good hands and renters are being taken care of. You pay for peace of mind. Also, you may get: Cons of using a property management company The biggest owner gripe you’re likely to have about vacation home property management companies is the cost. Here are a few things to keep in mind: How to choose the right vacation home management company As you compare and contrast management companies, it can seem like they’re all offering the same core set of services. Here are a few things to consider when narrowing down your choices: Build equity while maintaining your lifestyle Renting out a second home can help offset co-ownership costs, but it also comes with effort: managing bookings, maintenance, and the unpredictability of guest income. And even with the best intentions, there’s no guarantee rental earnings will fully cover your expenses.  Pacaso offers a different approach. Through hassle-free co-ownership of vacation homes in top destinations, up to eight owners Find your luxury

Did you once dream of owning a timeshare fit for luxury vacations, only to have your fantasy ruined by high fees? If so, it’s time to learn how to get out of a timeshare with little to no financial damage. As you may already know, a Getting out of a timeshare is a notoriously difficult process that can quickly eat up your time and money. Read our guide to learn the top five strategies for how to get out of a timeshare, the associated costs and who would likely benefit most from each method. 1. Use the rescission period To take advantage of the rescission period, you’ll need to write a letter to the timeshare developers with the following information:  This is one of the cheaper options to get out of a timeshare, considering you only need to purchase a stamp to send your letter. For best results, consider sending a registered letter to ensure that the timeshare company receives your document. 2. Try a timeshare deed-back However, not all resorts and timeshare developers offer this option, and you may have to be in good standing with the resort to qualify for the program.  Even if this option is available, sometimes only major life events like job loss or death qualify. Before pursuing this option, check your contract to learn Examples of deed-back programs include: 3. Sell your timeshare on the resale market If your rescission period has expired and your timeshare developer doesn’t offer a buyback program, take matters into your own hands by selling your timeshare on the resale market. Keep in mind that this option may only apply to those who have completely paid off their timeshare. Timeshares still tied to loans will be listed as “encumbered.”   One of the major 4 A timeshare exit company is your likely last resort for getting out of a timeshare. If the other methods are unavailable, you should consider working with a company that specializes in complicated timeshare exit procedures. Since there are many timeshare exit company scams on the internet, here are a few tips for how to find a legitimate contender: Keep in mind that exit companies do what you can do yourself, but simply free you from the headache of communicating with the timeshare developers. Donating your timeshare to charity seems like an easy way out of those rising fees, and you might even get a tax write-off. But it's not free. You'll still pay maintenance fees, taxes, and transfer costs until the charity officially owns it. If you want a big tax deduction, you'll also have to pay for an appraisal. Some charities might even ask for a cash donation to help cover their future expenses. 6 These legal professionals can teach you how to legally get out of a timeshare. They will help you comb through your timeshare agreement(s) for loopholes like the recession period and deed-back programs. If you try to negotiate these terms on your own, a timeshare developer may try to sway you by offering “free” upgrades if you keep your timeshare.  However, each upgrade can generate a new contract that further complicates the exiting procedure. A contract law attorney can help you make sense of these contracts and mitigate the costs of exiting. Dos and don’ts when exiting a timeshare In many cases, If you want to learn how to exit a timeshare without spending thousands of dollars or falling prey to a scam, avoid these methods: Benefits of Pacaso vs. a Timeshare These five methods — each with a different cost and level of interaction with the timeshare developers — are ways to get out of a timeshare.  If you still want to enjoy a vacation property but skip the headache of timeshare ownership, consider becoming a Some Pacaso offers real estate ownership of a luxury property without the pitfalls of timeshares. Plus, unlike a timeshare, you can sell your home through a streamlined resale process if you decide to move on. If you don't want to deal with timeshare hassle, Pacaso is another option that offers true fractional ownership of a luxury home.

If you invest in a fractional ownership of a holiday home, you'd have the right to use that property for a predetermined number of days or weeks annually. This approach allows individuals to enjoy the benefits of owning premium assets without bearing the full financial burden alone. In this post, you’ll learn what fractional ownership is, explore its pros and cons and get answers to some frequently asked questions. Understanding fractional ownership You’ll typically find fractional ownership for real estate like vacation homes. However, fractional ownership can also come into play for art, stocks and fashion. When owners purchase real estate assets with fractional ownership, they’re issued deeds representing their fraction of the property.  How fractional ownership works It may sound complicated, but fractional property ownership is pretty cut and dry. Here’s how it works: Types of fractional ownership There are two main types of fractional property ownership structures: an entity, like an LLC, and tenancy in common. Fractional ownership through an entity Some properties split ownership by using a structural entity like an Tenancy in common Tenancy in common (TIC) means each tenant holds an individual deed for a fraction or percentage of a commercial or residential property. However, no one person or company is in charge. With a TIC, individuals can own different percentages of the property but share it equally. Some TIC agreements are self-managed. Fractional ownership vs. timeshares Timeshares may be shared by as many as 52 owners (one person or group for every week of the year) while fractionally owned properties can have as few as two owners.  Benefits of fractional ownership Fractional ownership has many benefits, including shared maintenance costs and upkeep, among others. Here are some of those benefits: Expanded opportunity to own Fractional real estate investments allow you to own a portion of Deeded ownership Unlike a timeshare, fractional home ownership gives you a deed to a fraction of the property itself (sometimes called a Usage rights Unlike short-term Shared upkeep and maintenance costs Using the fractional ownership model, you're also responsible for only a fraction of the property's upkeep and maintenance. This includes taxes, HOA fees, repair bills, landscaping, utilities, Lower upkeep and maintenance burden Most fractional real estate ownership agreements include provisions for long-term property management, with owners deciding how to handle any issues. Maintenance of When you have fractional vacation home ownership through an entity, it will include preventative and Cons of fractional ownership Though fractional ownership has advantages, there are a few drawbacks to consider.  Fewer financing options Fewer banks provide mortgages for those looking to buy properties fractionally. You may need to shop around or consider other ways to Less flexibility and freedom All decisions about maintenance, repairs and decor must go through all ownership partners, which can be a hassle. If you want to sell a fractional property, the other fractional owners must approve the sale, depending on your agreement.  Some fractional property ownership clubs also require you to maintain an agreement with the club or property management company associated with the home, with no option for self-management or management outside the company. Limited travel opportunities While it's not unheard of to own shares in multiple fractional ownership properties in different locations, investing in fractional ownership also means investing in the location you’re going to revisit. Of course, you can still vacation elsewhere, but it's something to factor into your travel plans and budget.  Similar alternatives to fractional ownership Where fractional ownership falls short, Pacaso steps up. Pacaso's professionally managed LLC co-ownership model gives you all the perks and lower co-ownership costs with key differences that set it apart from fractional ownership resort clubs. Unlike fractional ownership resorts, Pacaso offers LLC

You’re ready to buy another home, but are you aware of the Whether you’re searching for a dreamy beach house or a condo in the city that can earn you extra income, this guide will show you the pros and cons of owning multiple homes. Advantages of owning multiple homes  There are many advantages to owning multiple houses, starting with enjoying the perks of having It’s important to note that owning multiple homes comes with many responsibilities, such as 1. Earn rental income Owning multiple homes gives you the opportunity to create a sustainable and passive cash flow stream. Each additional property adds to the total rental income, which can help cover mortgage payments, property taxes, maintenance costs and other expenses associated with owning multiple rental properties. 2. Diversify your portfolio Rental income from multiple homes also offers diversification. It allows investors to spread their investments across various locations and 3. Enjoy a vacation home (or two) Perhaps the biggest advantage of owning multiple homes is the freedom to travel and make the most out of your properties. Whether Disadvantages of owning multiple properties  Although owning multiple homes can potentially help you earn extra income, diversify your portfolio and grant you access to new vacation spots, there are a few drawbacks to keep in mind. Let’s take a closer look. 1. Real estate is generally considered less liquid than stocks, bonds or cash. When you own multiple properties, it can be challenging to quickly convert those assets into cash if needed.  2. With each additional property comes a multitude of costs, such as mortgage payments, property taxes, insurance, maintenance, property management and utility bills. These expenses can add up quickly, putting a strain on your finances. If you buy and sell properties frequently, owning multiple properties may also lead to higher transaction costs, such as real estate agent fees and closing costs. 3. One significant disadvantage of owning multiple homes is the challenge of property management. As the number of properties increases, so does the complexity and time required to manage them effectively. With multiple homes, the workload and responsibilities can become overwhelming for individual owners, especially if you have to go through your Financing for multiple homes can vary depending on individual financial situations and investment goals. Traditional mortgages are common, but they may become limited as the number of properties increases.  Here are a few ways you can buy multiple properties: Regardless of the method, maintaining a strong credit profile and demonstrating a reliable income stream are essential to secure favorable financing terms and ensure you can By renting out the property to tenants, you can offset some of the However, successful rental income generation requires proper property management, including tenant screening, regular maintenance and prompt response to tenant needs. With careful planning and a proactive approach, using a second home as a rental investment can offer an attractive source of passive income.  Depending on how you’ll use the property, the tax considerations differ. Here’s a quick rundown: Consult with a qualified tax advisor who can provide detailed information based on your individual circumstances and The goal is to co-own homes without the hassle. Here’s the checklist you need to keep everything ready and organized: The weekend escapes, the family holidays, the familiar getaway spot — the idea of a vacation home sounds divine. Second homes come with a lot of perks, but also plenty of responsibilities. Between the upfront costs, ongoing maintenance, and time spent managing the property, full ownership isn’t the right fit for everyone. That’s where Pacaso comes in. Pacaso makes second home ownership more accessible by offering co-ownership of luxury homes in Here’s why Pacaso is a smarter way to own multiple homes: It’s the lifestyle upgrade without the financial overload. Just show up, relax, and enjoy your second home. Pacaso takes care of the rest. Now that you’ve got the full picture of how And unlike a timeshare, this model offers real estate ownership. And with a

A You might consider Understanding second homes vs. primary residences Although you might visit a second home for weeks on end, it’s only a personal residence for part of the year. It may be vacant or rented out to others the rest of the time. By contrast, lenders expect your primary residence to take priority because it’s where you live and sleep. You can also own more than one “second” home; a second home is a property Can you have two primary residences? Generally, no, you can't have two primary residences at the same time for tax or mortgage purposes. Even if you split your time between a couple of places, only one can be your official "main" home. This is where you spend most of your time, get your mail, register your car and list on official documents. Lenders offer better interest rates on primary residences because they assume you'll always prioritize paying the mortgage on the home where you actually live. Can a second home be a primary residence? In short, no. Why does occupancy status matter? Your occupancy status matters significantly because it directly influences your financing options, interest rates and how lenders assess risk. Lenders carefully consider how you plan to use a property, as this dictates your financing options. Your primary residence, where you live and sleep, is generally easier to get a mortgage for and typically comes with lower interest rates. Lenders see these loans as less risky, understanding you're highly motivated to keep the roof over your head. Second homes are a different scenario. Although you might visit a second home for weeks, it’s only a personal residence for part of the year. The rest of the time, it may be vacant or rented out to others. These properties typically come with higher interest rates and stricter qualification requirements. You can even use a It’s crucial to be truthful about your intended use when applying for a mortgage, as misrepresenting your occupancy can lead to serious consequences, including your lender demanding immediate full repayment, additional penalties and even bank fraud charges. You can also own more than one "second" home, as it's defined simply as a property secondary to your primary residence. Can you convert a second home into your primary residence? It's worth noting that a property's occupancy status isn't necessarily permanent; you can change a secondary residence into a primary one if it meets the necessary criteria. For instance, a retired couple might choose to downsize and sell their primary home to make their long-time second home their new primary residence.  Since your property's occupancy type directly impacts the specifics of your financing, it's always wise to consult your mortgage lender before making any such changes. Understanding the difference between a primary residence and a second home is important. Knowing the difference helps plan your long-term financial planning, property management responsibilities and even lifestyle choices.  For those seeking a luxury second home without the hassle and expense, let Pacaso make it simple with

Maybe you want to achieve your dream of For many, the most challenging part of purchasing a second home is finding the time to make it happen, especially when juggling the demands of a busy life. It's not just about the hours spent house hunting — it also includes the effort involved in securing financing, managing paperwork, and potentially overseeing renovations. The following nine strategies can help streamline the process and make your dream of a second home a reality, and the best one for you depends on what you plan to do with your first home. Option 1. Get approved for another mortgage Perhaps the simplest and most familiar strategy for how to buy a house when you own a house is to apply for a new mortgage. In this strategy, a bank approves you to hold two separate mortgages simultaneously. You’ll need to have enough cash on hand to cover a down payment and the closing costs for the new mortgage. Option 2. Become a landlord Similar to getting approved for two mortgages, as a landlord you are still responsible for two monthly mortgage payments, but the rental income can help cover your payments.  If you plan to rent out your second home, read your mortgage agreement carefully. Some mortgage agreements prohibit you from renting it out or require you to get the lender’s permission.  Once you’ve confirmed you can rent out your home, get it appraised to determine how much to charge for rent. The amount you charge should cover your monthly mortgage payment on the property. Your lender may also require you to have at least 2% of the mortgage value in investments, cash, etc., to cover the mortgage if you cannot get a tenant. Option 3. Take out a bridge loan A bridge loan is a temporary loan (usually six months to a year) intended to cover the cost of purchasing a new home while waiting for your current home to sell. Also called a swing loan, a bridge loan can finance up to 80% of the value of both your new and current home. When your current home sells, you use the profits to pay back the entirety of the bridge loan and apply for a traditional mortgage for your new home. Option 4. Borrow from your investments Generally, you cannot withdraw from your retirement investments without paying a penalty (usually 10%) and potentially taxes on the amount you withdraw. However, you may be able to You must repay the loan with interest within five years. Some employers may also prohibit you from contributing to your account while repaying a loan. If you have a Roth 401(k), you can withdraw any contributions from your retirement account without penalty. If you borrow any earnings that your contributions accrued, however, you will have to pay a 10% early withdrawal penalty. Option 5. Get a home equity loan A home equity line of credit allows you to borrow against the equity in your home, but it’s not a full balance loan like a home equity loan. Instead, it’s a line of credit you can draw from over time, like a credit card limit. If you have enough equity in your home, you can use your HELOC to cover the entire Option With a cash-out refinance, you refinance the entire value of your home up to 80% of its equity. Whatever you don’t owe on the mortgage, you’ll receive in cash. For example, if you have $100,000 left on your mortgage but the home has $500,000 in equity, you’d be able to refinance up to $400,000. You would walk away with $300,000 in cash to put toward the purchase of your second home. Option If you are 62 or older, you may qualify for a reverse mortgage. Also known as a home equity conversion mortgage (HECM), a reverse mortgage allows you to borrow from your home’s equity without making monthly payments — with the expectation that you will pay back the loan when you sell your home.  Option 9. Explore other types of ownership There are other Get the best of both worlds with co-ownership For those dreaming of that perfect vacation retreat,

Forget everything you thought you knew about vacation property. A quiet revolution is reshaping how we own a piece of paradise, challenging the long-held reign of the While fractional ownership and timeshares promise regular getaways to your dream destination, vacationers want something more. One model offers genuine Is fractional ownership the same as a timeshare? Fractional ownership is not the same as a timeshare because it means you actually own a piece of the property, giving you an equity stake that can change in value. You also get more usage time, often weeks or months, in typically higher-end properties like luxury homes. Timeshares, on the other hand, are just a right to use a property for a short period (usually a week) with no actual ownership or equity gained.  What is a timeshare? Timeshares are a way to buy the right to use a vacation property for a specific amount of time. That means no true property ownership and no gained equity. In most cases, buying a timeshare means paying for one week-long access to a condo, apartment or resort room.  The What is fractional home ownership?  While timeshares might restrict property access to just a few weeks annually, fractional property ownership often grants owners access for multiple weeks a year, contingent on the number of joint owners. Because these units have fewer owners than timeshares, fractional owners often have more of a say in decisions regarding property maintenance and upkeep. Many fractional properties also offer on-site storage for owners. Timeshare vs. fractional ownership: 8 differences Unlike short-term rentals, both timeshares and fractional ownership properties allow you to own part of your vacation experience. Although they share this similarity, these ownership models differ in seven key ways. 1. Number of owners The number of owners is an important factor to consider, since fractional owners may have to communicate and share decision-making responsibilities. Here is what to expect with both vacation ownership models: 2. Scheduling availability As a co-owner, you’ll need to be cognizant of when the shared home is available to book. The number of days or weeks the home will be available largely depends on how many owners there are. Here is what potential scheduling availability could look like for both options: When thinking about it in real-life terms: 3. Equity benefits A Here’s how this shakes out in real life: 4. Management Vacation homeowners can choose to share property management, hire a Here’s what management looks like for both:  5. Maintenance  Similar to management, Here’s what you can actually expect in these situations:  6. Building  One of the biggest differences between fractional ownership of a vacation home and timeshares is the type of structure you’ll be staying in. Here is what to expect: To think about this in the real world:  7. Cost Fractional ownership costs a lot more upfront because you're actually buying a share of a high-end property. Timeshares are cheaper to start, but you only get the right to use the property for a short time. Also, you'll pay ongoing fees that determine how much the average timeshare is per month, often between $140 and $500.  A real-life example looks like this: 8. Resale value  The resale process can look different for both ownership models. Here is what to expect when you’re ready to sell your vacation property: When thinking about this in real life: Other popular vacation options Timeshares and fractional ownership models aren’t the only ways to enjoy a vacation property. Let’s take a look at other popular vacation options like private residence clubs and destination clubs. Private residence club Private residence clubs are similar to fractional properties in that both offer Entry-level prices start at around $165,000 at the lower end of the market, and can easily exceed $800,000 for a private club in a Destination club A destination club grants members proprietary access to its services, which means high-end vacation homes on a non-equity basis in various locations around the world. Members eschew a traditional mortgage payment in favor of membership tiers that offer personalized services and amenities. Inventory is based on availability and can sell out quickly during peak times in popular areas. The Pacaso difference Pacaso’s professionally managed When it comes to fractional ownership vs. timeshare vacation home options, there are pros and cons to both models.  Owning a timeshare comes at a lower price, but you only own the block of time that you’re able to vacation there and will not benefit from equity. Private residence clubs and destination clubs are also worthy contenders for people who aren’t interested in a But if owning a portion of a real estate asset is what you’re looking for, then fractional ownership may be for you. With a

A letter of explanation can be a key to qualifying for home loan funding. If an underwriter requests a letter of explanation, welcome it as an opportunity to clarify your financial situation and clear up any confusion about your credit history or assets. Whether you're applying for a mortgage for your first or second home, writing a letter of explanation can be vital in securing funds. Our guide will teach you how to write a letter of explanation, plus offers a free template to help you write one of your own. What is a letter of explanation? A consumer explanation letter, also known as a "Letter of Explanation," is a concise document designed to clarify specific aspects of someone’s financial or employment history. Letters of explanation are particularly useful when an underwriter has concerns during the loan or mortgage application process. It addresses issues such as past bankruptcies or gaps in employment, ensuring a transparent and comprehensive understanding of the applicant's financial standing. Underwriters examine your financial history and determine if you qualify for the home loan you’re applying for. Since loan applications don’t include space for explanations, an underwriter may request that you submit a letter of explanation as evidence that you meet the funding criteria. Why do you need a letter of explanation? There are several reasons why an underwriter or mortgage lender may request a signed letter of explanation, particularly when it comes to a 1. You have a poor credit history Your credit history helps lenders know how you’ve handled debt in the past. The following red flags can potentially indicate poor debt management and may require a letter of explanation: If your credit score is low, it may be in your best interest to have a letter of explanation on standby. Share how you got negative marks on your credit history, and explain why you are still a good candidate for the loan. 2. You don’t have rental history Ideally, lenders want to see that you have a consistent rental history for the last 12 months. This reassures them that you will be able to handle regular mortgage payments.  If you have a gap in your rental history, explain the cause. Caring for a family member or recovering from an accident are possible explanations for a rental hiatus. 3. You have employment gaps Similar to your rental history, lenders prefer to see consistent employment in the year before your loan application. This shows the lender that you have the income to make regular mortgage payments. A lender can be flexible when they know more about the circumstances that led to an employment gap. Being laid off or raising children are possible explanations for the lack of recent work experience. 4. You report different addresses If the address on your driver’s license does not match the address on your loan application or credit report, a lender may ask you to explain the discrepancy. 5. Your income is inconsistent Underwriters will carefully review your income. If it fluctuates often, they may request an explanation letter. If you are self-employed, your accountant may also have to write a letter of explanation to verify how you generate your income. You might also find it helpful to use a 6. You work remotely If your remote career is tied to an address in a city or state that is different from where you are buying a home, especially if that home is intended to function as a second home office, a lender may request that your company provide a letter of explanation verifying that your career (and income) will not be affected by your move. This situation is becoming increasingly common with the rise of “ 7. You have substantial losses on your tax return If you are a self-employed business owner or independent contractor, it’s normal to file losses on your first few tax returns. A lender may request a letter of explanation to ensure that these losses will not be consistent and will not affect your ability to make regular mortgage payments.  8. You cosigned a loan In the event that you cosigned a loan, a lender will want an explanation letter ensuring that you are not the one making the payments. This can apply to student loans, auto loans and mortgages, even for a 9. You opened a new credit account If you open a new credit account while applying for a mortgage loan, a lender may suspect that the debt could affect your ability to repay your loan. Remember that the underwriter will also review your finances during closing, so hold off on opening new lines of credit until the sale is complete, if possible. 10. Your family members are on your bank statements If multiple people appear on your bank statements, like parents or children, you will need to write a letter explaining that you’re in control of the funds being used to pay for your new home. Anyone who helps you with the down payment of the home will also be responsible for writing a gift letter of explanation. 11. Your accounts are under fraud alert A lender will want to know that you’re aware of any suspicious activity on your credit report. If your accounts are under fraud alert or your credit is frozen, prepare a letter of explanation that outlines how you will regain control of your finances. How to write a letter of explanation Before you write a mortgage letter of explanation, you’ll need some information first. Some of this you’ll have readily available (like your name), but you might have to gather or research other details, such as specific dates or documentation related to the situation you're explaining. Some of the common pieces of information you’ll need include:  Once you have your personal information on standby, you can construct a thoughtful explanation letter detailing your circumstances and readiness to be a homeowner. Here is how to write an explanation letter: Keeping your explanation letter short and sweet is key. If you're struggling to write a concise letter of explanation, model yours after our letter of explanation sample. Letter of explanation template A credit letter of explanation request is no cause for panic. Here is a letter of explanation example to help point you in the right direction: Writing a letter of explanation can get you one step closer to While you're exploring options for financing a second home, consider the possibilities of fractional ownership. This type of ownership can help you afford more home for less and reduce the amount of mortgage you are responsible for paying.  With a fully managed co-ownership model like Pacaso, you leave behind many of the costs of buying a second home like maintenance, upkeep and furnishings. Plus, Pacaso offers flexible financing options.  Refer back to our free template if you need help preparing an explanation letter for your next real estate purchase. And don’t forget to

Ever found yourself drawn to a house but unable to pinpoint why? Residential architecture boasts a wide array of styles, each with distinct, often subtle, differences. For many, identifying various house types, like distinguishing a Colonial from a Craftsman, can feel like breaking a code. However, understanding this architectural language isn't merely academic; it's essential for envisioning your ideal living space, whether it's your first or your This isn't just a list. It's an exploration into the fundamental characteristics that define each house style. We're moving beyond superficial appearances to reveal the core features that shape their unique identities. This insight will help you understand how historical influences mold design and enable you to match an architectural style to your lifestyle. Types of house structures Before we get to the different types of houses, it can be helpful to know the common types of home structures. Knowing whether you want a single-family home or a condo can narrow down your search and make it easier to find something that suits your budget and lifestyle. Single-family detached A single-family home is a structure that is not physically attached to other houses. These homes offer the highest degree of privacy and customization by the owner. They are most popular in areas with lower population densities.  These house types are best for families wanting space and a yard, but not ideal for those preferring an urban, low-maintenance lifestyle. Mansion A Mansions are ideal for those wanting ultimate richness and privacy, but they're not suitable for people who prefer low maintenance or city living. Apartment An apartment is a residential unit contained within a larger building or complex. An apartment is only available for renting and requires a contractual agreement with the landlord. Some apartment buildings provide amenities such as pools and fitness rooms.  Apartments are best for individuals or small families seeking flexibility and affordability, but aren't ideal for those desiring privacy, a yard or extensive customization. Row house A row house is a single-family home connected to others by shared side walls, usually with multiple stories. Compared to apartments, row houses offer more space and often a small private outdoor area, but they offer less privacy than detached homes.  Row houses are ideal for those wanting a blend of city living and a bit more room, but not for people seeking large private land, complete detachment from neighbors or a fully maintenance-free life. Condominium A condominium, or condo for short, is an apartment-like unit that is owned by an individual. The owner can make renovations and rent out the unit so long as they do not violate the rules of the homeowners' association (HOA).  Condominiums are great for those wanting homeownership with less maintenance and a convenient location. However, they're not ideal if you need lots of privacy, a big yard or freedom from HOA rules and fees. Co-op A housing cooperative, more commonly known as a co-op, has many similarities to a condominium but with more restrictions. Instead of purchasing a specific unit within the building, the buyer is purchasing shares in the company that owns the building. The number of shares the person owns translates to the size of their unit.  This type of house is best for people who want a strong community and affordable access to good city areas. However, it's not for those who need total control over their property or fewer rules about how they live. Townhome A townhome is a private unit that is attached to at least one other private unit. It usually has exterior access and multiple stories for added space. Townhomes sometimes provide access to shared building amenities. These are increasingly diverse in style, often incorporating elements of modern farmhouse and contemporary styles, and are some of the These styles of houses are ideal for individuals seeking more space and a private entrance, rather than an apartment. However, if you're looking for complete detachment from neighbors or no HOA fees, another home type may be a better fit. Coach home Coach houses, sometimes called carriages, were originally used to house horse-drawn carriages and were converted to be private dwellings. Now, a coach house can refer to any detached unit on the same property as another building. They can be rented out by the property owner of the main house or owned by a second individual.  Coach houses are ideal for individuals wanting a detached home with less upkeep than a larger house and potential rental income. However, they're not great for those seeking a large yard or someone who wants full independence from the main property. Chalet A chalet is the traditional house of shepherds in Switzerland. Today, the term refers to a Winter sports lovers and families wanting a cozy mountain getaway will love a chalet. However, it's not for those who prefer warm weather, flat areas or dislike being isolated. Cabin A cabin is a type of single-family structure defined by its minimalist features and rustic design. It is often used as a vacation residence but can also be a primary dwelling. Cabins are almost always located in remote areas. This home is great for nature lovers and those wanting peace and quiet. However, it's not ideal for people who need easy access to amenities or prefer a social city setting, as they might find it too isolated or uncomfortable. Tiny house A tiny home is usually considered to be any home under 400 square feet. Tiny homes were inspired by the modern trend of people downsizing their possessions and financial burdens. Tiny homes are best suited for minimalists and budget-conscious individuals who value financial freedom and a smaller environmental footprint. However, they are not ideal for families needing significant space or individuals who prioritize privacy and traditional amenities. Mobile home A mobile home is a factory-built house that can be towed to a lot for a semi-permanent residence. The mass-produced nature of mobile homes makes them an affordable option for home buyers.  Mobile homes are often affordable options for people seeking homeownership and a community feel. This type of house may not be ideal for people prioritizing rapid property appreciation, extensive privacy or freedom from community rules. Modular home A modular home has different sections that are fabricated in a factory. The sections are then shipped to the build site and assembled atop the foundation. Unlike mobile homes, modular homes are permanently affixed to real estate and built according to local and state building codes as traditional site-built homes. Modular homes are an excellent choice for budget-conscious buyers seeking faster construction and high-quality, factory-controlled builds. On the other hand, they might not suit those wanting extreme customization or extensive involvement in the on-site building process. Types of houses by architectural style Now that you know the different structures that can make up a home, it’s time to dive into the different house style names and architecture styles you’ll likely come across. When we talk about house styles, we’re referring to the exterior aesthetics of each house and some of its practical functions. As you examine the different style homes available, take note of what is beneficial for the area you live in, versus what is simply decorative, as this can drive costs up unnecessarily. For example, while a home with tall ceilings and lots of windows may be great for hot climates, it’s going to raise heating costs in areas with harsh winters. For those especially passionate about design, you might enjoy exploring some Victorian The Victorian house style came to prominence in the 1830s — during Queen Victoria’s reign — and continued into the early 1900s. These homes are quite large, usually two to three stories tall. This type of house is known for its ornate wooden exterior with gabled roofs and turrets. Defining features: Tudor The Tudor house style came to America in the late 1800s and remained popular into the 1930s. Tudor homes often evoke feelings of an English country manor. They were inspired by medieval architectural elements and incorporated masonry, timber framing and narrow windows.  Defining features: Farmhouse The Farmhouse style is known for its warm and cozy aesthetics. It typically employs hand-hewn beams and wrought iron hardware over a rectangular design. Farmhouse-style homes often have wood flooring, clapboard siding, and contrasting shutters. Some even mimic barn roofs, evoking a charming Defining features: Modern Farmhouse Modern Farmhouse homes blend traditional Farmhouse elements with the sleek, clean lines of contemporary design, resulting in warmth, simplicity and functionality. The style is characterized by natural textures and materials, especially wood and galvanized steel. Color schemes lean toward cream with black trim and fittings, though bolder hues are also used. Defining features: French Country As the name suggests, French Country-style houses take inspiration from homes found in areas like Provence, France. These types of homes share traits with the Farmhouse style by incorporating distressed wood, subdued color palettes and window shutters. They differ in their stone exterior and fireplace.  Defining features: Mid-Century Modern Mid-Century Modern style is all about simplicity, with clean lines, organic and geometric shapes, floor-to-ceiling windows and minimal decoration. Made popular after World War II, Mid-Century Modern design puts function front and center. This type of home also aims to complement the surrounding environment. Defining features: Tuscan/Mediterranean The Tuscan style is a natural fit for areas that mix indoor and outdoor living. It looks particularly fitting in the rolling hills of wine country and sunny Southern California. These kinds of houses feature detailed stonework, lavish balconies with wrought iron railings, terracotta tiles, textured walls and stucco façades.  Defining features: Ranch Ranch houses first popped up in the 1930s and hit their peak in the 1950s. They are known for open living spaces and low-pitched roofs, rarely being taller than one story. Since these homes hit the market during the suburban boom, they often have an attached garage for commuters and a large backyard. Defining features: Split-Level The Split-Level house style is an offshoot of the Ranch style that became popular in the 1950s and 1960s. Its main difference is that it contains multiple stories connected by short flights of stairs.  Defining features: Bungalow The British elite first constructed bungalow houses in the 19th century as simple rest houses. This affordable style was adopted all over America in the 20th century, with offshoots popping up in Chicago, California and Michigan. Bungalow homes are known for their column-supported roofs, large main floors and stone elements, making them a charming option for those considering Defining features: Cottage Cottage houses were first built by working-class English farmers before this type of home was first brought to America. Now, they are ideal vacation homes due to their tight quarters, creating a cozy atmosphere and requiring little maintenance. They can be identified by their wood or wood shingle siding and small front porches.  Defining features: Art Deco Art Deco is one of the most visually distinct types of homes in this list. Like Mid-Century Modern and Cottage, this style can also be applied to certain Defining features: Colonial The Colonial house style in America dates back to the 1600s and draws from English, French, Georgian, Dutch and Spanish influences. These homes are at least two stories tall and have a rectangular frame. They have a symmetrical façade with evenly spaced windows. It is also common for them to have a decorative crown over the entryway that is supported by columns.  Defining features: Cape Cod Defining features: Craftsman The Craftsman style is one of the quintessential American house styles, representing a rebellion against the mass-produced homes in modern developments. These houses are handmade and built to stand the test of time. Each one is unique since they are designed according to the specifications of the owner. Some common traits include built-in shelves, custom fireplaces, and reading nooks.   Defining features: Greek Revival The Greek Revival style arose during the 1800s when people found inspiration in ancient Greek culture. This translated to buildings emulating traits of historic structures like the Parthenon. These types of houses in America had large wood columns that were covered in white plaster to mimic stone. Defining features: Prairie The Prairie house style is a uniquely American creation. Architects created these types of houses to break away from the traditional European styles of the time. With its heavy reliance on horizontal lines and desire to complement natural surroundings, it can be seen as a precursor to the mid-century modern style.  Defining features: Contemporary The Contemporary style refers to homes that are presently being built and do not fall under a previously defined style. They sometimes share elements with modernist styles — such as clean lines — but will also appeal to current trends, like utilizing eco-friendly materials.  Defining features: Find your ideal home with Pacaso Now that you know the types of houses you’re likely to come across during your house hunt, you can narrow your search down to the styles you find most inspiring and practical for your needs.   If you’re currently in search of a

Seeking a luxury second home in 2025? You’re not alone. From ski-in/ski-out mountain retreats to breezy coastal escapes, Pacaso owners are choosing co-ownership in some of the most desirable locations in the country. We’ve rounded up the most talked about Pacaso homes of 2025 so far, including sun-soaked coastal escapes and  year-round mountain getaways. Combining luxury, location, and lifestyle, these exceptional homes offer turnkey design and professional management for a smarter way to own a second home. 10. This newly renovated end-unit townhome offers year-round luxury with stunning forest views, updated finishes, and easy access to world-class skiing, golf, and mountain village charm. 9. Perched in Napa Valley’s coveted Coombsville region, this modern estate offers sweeping views, seamless indoor/outdoor living, and the perfect setting for memorable gatherings. 8. A striking example of desert modernism, this retreat offers seamless indoor-outdoor living, bold architecture, and stunning mountain views — all in a private, design-forward setting. 7. Located on Lake Tahoe’s west shore, this warm and welcoming retreat offers panoramic lake and mountain views, and the perfect homebase for year-round adventure and easy entertaining. 6. In the heart of Old Town, Timberline blends historic charm with high-end modern living, complete with mountain views, walkable access to dining and skiing, and a rooftop deck made for après-ski or summertime gatherings. 5. Set in the exclusive South Palm Desert hills with panoramic mountain views, a resort-style backyard, and seamless indoor-outdoor living this home is just minutes from El Paseo, top golf clubs, and endless desert adventure. 4. Nestled among towering pines near Lake Tahoe, Wood Creek is a fully remodeled mountain retreat with expansive living spaces, a wraparound deck for entertaining, and easy access to Incline Village’s year-round activities. 3. Located in the exclusive gated community of Punta Ballena, this stylish Cabo retreat offers ocean views, private beach club access, and effortless indoor-outdoor living with a pool, spa, and spacious entertaining terraces. 2. This retreat blends indoor-outdoor living with refined style for poolside afternoons, dining under the stars, and plenty of room to host the people who matter most. 1. Enjoy your private Palm Springs resort with five fully equipped casitas surrounding a saltwater pool and chef’s cabana, made for time with friends while still enjoying space of your own.

Before a Pacaso owner ever steps inside their new home, our team has already spent hours perfecting every detail — rearranging layouts, curating furniture, and fine-tuning the in-home experience. The goal is to create spaces that pair beauty with comfort, so they’re a joy to both look at and experience. Every design element is chosen with purpose, drawing inspiration from the culture, climate, and lifestyle of the destination. The result is intuitive comfort, spaces that feel instantly familiar, where owners can take a deep breath and feel at home from the very first moment. This is the essence of our Nestled in the mountain community of Snowmass, this end-unit luxury townhome offers unobstructed mountain views and coveted ski-in/ski-out access. But what truly sets it apart is the intention behind every design choice. We asked the Pacaso team members who brought Alpine Ridge to life to share their favorite details:   Every Pacaso home is part of our Behind the scenes, our team works through a detailed process, from architectural walk-throughs to virtual design boards, to ensure every space is not only aesthetically stunning, but highly functional.  Because your second home should support the The beauty of owning a Pacaso isn’t just the destination, it’s the instant sense of belonging. At Alpine Ridge, you’ll arrive to fresh linens, a fully stocked kitchen, plush seating, and spaces designed for everyone to unwind. It’s not just a second home. It’s a second home where every detail is already taken care of so all that’s left for you to do is enjoy.

Memorial Day weekend marks the unofficial start of summer and is a chance to bring friends and family together, and most importantly, and most importantly, make time for reflection and remembrance. Here’s how to throw a celebration that feels easy, looks polished and keeps the spirit of the day intact. Whether it’s a classic backyard BBQ or a coastal-chic pool party, pick a theme that will anchor your celebration. It doesn’t have to be over-the-top, but subtle touches like red, white and blue linens or nautical accents go a long way. Even little nods to Americana like striped napkins or vintage Coke bottles can elevate the scene without being kitschy. If you’re cooking, keep it simple and seasonal, but never boring. Gourmet burgers with brioche buns or slow roasted meats with an assortment of sides. Always include plenty of fresh salads and fruit to keep things cool and be sure to have a few gluten-free, vegetarian and kid-friendly options so everyone leaves happy (and full). Add in a DIY ice cream sundae bar for a sweet finish that everyone will love. Not a fan of manning the grill? No shame in outsourcing. Just be sure your caterer matches the vibe. Your favorite sushi place may not scream “holiday weekend,” but a smoked brisket platter with artisanal fixings? That’s a win. Activities are optional but appreciated, especially if you’re hosting a mix of ages. Set up lawn games like cornhole or bocce or even an arts and crafts table for kids. Organize a casual pool volleyball match or hilarious float race. Set the tone with a curated playlist, or even screen a classic American movie under the stars. No one wants to be frantically chopping herbs or hiding delivery boxes when guests start arriving. Prep what you can in the days leading up to your party, like the tablescape, playlist, guest towels, and make a checklist to stay on track. Even in sunny locales, May can throw curveballs like May Gray in SoCal or unexpected showers in the Hamptons. Make sure you’ve got an indoor space ready or a stylish tent setup that doesn’t feel like an afterthought. Have extra throws or pashminas on hand for your guests on cooler evenings. Thoughtful gestures make a big difference. It’s easy to get swept up in the rosé and ribs, but don’t forget the real reason we gather. Bring out an American flag and keep it at half-staff until noon and consider observing a moment of silence to remember the men and women who gave their lives in service. You could even include a small table with a framed photo or tribute for a meaningful touch. You don’t need fireworks or fanfare to host a beautiful Memorial Day get together. Just good food, great company and a touch of thoughtful planning.

At Pacaso, we believe that a home is more than four walls, but where your best memories are made, and special moments unfold. Our curated selection of vacation homes is designed to be the backdrop for everything from family memories to romantic escapes, steamy getaways and unforgettable celebrations. From cozy nights by the fire to sunrises over scenic views, champagne toasts to game nights, these spaces offer the perfect setting to honor the many forms love can take. After all, home is where the heart is, and we’ve got the perfect one waiting for you. Homes for gathering

A second home is a place to enjoy a break from your everyday routine. Comfortable furnishings, standout amenities and beautiful surroundings are key parts of this experience. Transforming a home into a relaxing Pacaso takes a lot of hard work and dedication by our talented team. How do we do a home makeover? The work begins before the owner sets food inside their home — during a process we call onboarding. Where the magic happens Onboarding a home means getting a home completely stay-ready for its owners. The process involves multiple members of our Crew, from the design team mocking up designs and procuring the right decor to the home operations team placing furnishings, amenities and supplies where they need to be.  Making a home Pacaso-worthy is their singular objective. Pacaso-worthy means a second home that is modern and comfortable — a  place where owners don’t feel the need to add anything to feel at home. We accomplish this both through our The transformation Once all the finishing touches are in place, we want every owner to feel like they belong. When owners walk into their second home, we want it to take their breath away. They should feel relaxed, comfortable and instantly at ease, knowing all they have to do is show up and enjoy their Pacaso. See how a Palm Springs second home was transformed into a wow-worthy Pacaso in this video. Find your own beautifully designed second home and experience the Pacaso lifestyle for yourself. See our

A Luxury home office ideas 1. Great lighting A thoughtful lighting scheme can make all the difference in how you feel in your office space, how much you’re able to get done and how you look on your video calls! Say goodbye to the terrible fluorescent lighting of the office and experiment with a combination of ambient and task lighting until you find the right blend for your needs. Natural light is also great for home offices. Just be sure to position your desk so you get all the benefits of sunlight coming through the windows without the harsh glare on your computer screen or too much back light for video calls.  2. Quality furnishings  A home office presents the perfect opportunity to ditch standard-issue office furniture and invest in quality pieces that are both beautiful and functional. Why spend your day in a clunky rolling office chair when you could instead take your calls from a stylish, supportive leather armchair? Surround yourself with upscale furnishings like a statement desk, a distinctive lamp and built-in bookcases. Stylish office furniture is available in a wide range of design styles, whether you like a more traditional look, contemporary design touches, a sleek modern desk or something entirely unique. Since the space is just for you, it’s the perfect place to show off your unique design aesthetic. 3. A distraction-free setup One key to home office success is making sure your space is purpose-built for productivity. Space allowing, resist the temptation to make your home office do double-duty as a guest room, a media room or a storage closet. Having a Another easy but effective way to defeat household distractions? A door. It sounds simple, but having a separate, closed-off area for work helps others in your household know when you’re busy and shouldn’t be distracted. A door also helps you mentally “close up shop” at the end of the day — simply turn off the light, shut the door, retreat to your living space and leave work behind until tomorrow. 4. Luxury touches  You spend a lot of time in your home office, so it should be aesthetically pleasing. Thoughtfully selected accessories like framed photos, artwork and tasteful memorabilia can give your office space a warm, personal feel that’s unique to you. A few 5. Serious storage When you are hopping between calls or spending the day heads-down on an important project, it’s easy for your workspace to get messy. From notepads and pens to charging cords to printers, there are a lot of must-haves in a home office, and everything needs a place. Further complicating the issue is the fact that, if your home office isn’t a repurposed bedroom, you may not have a full closet or dedicated storage space at your disposal. Invest a bit of time and money into some organizational solutions. Think floating shelves, a filing cabinet, desktop organizers or a series of baskets — whatever you need to have a clear desk…and a clear mind. 6. All the tech For a home office to be truly functional, you need all the technology solutions you rely on in a traditional office setting. For most people, this means a computer monitor that gives you more working space than your compact laptop screen, reliable data storage, a printer and scanner and a strong router (along with super-fast WiFi, of course). You may want to up the ante by adding some creature comforts, like a coffee maker, a mini-refrigerator for snacks and an air purifier or humidifier. 7. A stylish background For many work-from-home professionals, Zoom calls have replaced in-person meetings. And if you’re the “camera on” type — or if you are required to be — it’s nice to have a professional-looking backdrop. Think through where you can place your desk to give you the best setting, then decorate with a carefully curated bookshelf, artwork, houseplants or some combination.  8. A great conversation piece  Whether you meet clients in your home office or your office is your private sanctuary, every home office benefits from an inspiring focal point. This could be a stunning art piece, a stately fireplace, a gorgeous accent wall, a piece of antique furniture, or a floor-to-ceiling window. Whatever you choose, it should inspire you and spark conversation. A word on workcations While there’s no substitute for a work-free vacation, many professionals are taking advantage of the ability to work from anywhere by planning workcations (or working vacations). The best scenario for a workcation is having a job where you can work remotely and a destination with reliable internet and a distraction-free home office. Another option is a hybrid workcation/vacation. In this scenario, you might take a two-week trip to really immerse yourself in a destination with one week spent unplugged from work followed by one week of workcation before you head home. This arrangement gives you ample time to explore, without sacrificing all of your vacation time. Best of all, you still have evenings and weekends to take full advantage of the lake, city, Work from anywhere in your Pacaso  While you can surely work from a hotel room or vacation rental, doing your job from your dream second home is a best-case scenario. You’ll have all the creature comforts from home (a fully furnished, professionally designed and decorated home) but in a crave-worthy vacation destination. We’ve even curated a collection of As the co-owner of a Pacaso second home, you’ll have ample opportunity to enjoy your retreat throughout the year. Our app makes scheduling fast, easy and equitable, and when availability allows, you can book a stay with as few as two days’ notice. 

Go from “someday” to “today” — co-ownership can help you stretch your second home budget. See what’s possible with these five incredible Pacaso properties, each available for less than $700,000. West Shore —  $558,000 for ⅛ ownership A light-filled home with an expansive deck, Sparkling Creek —  $547,000 for ⅛ ownership Desert Haven —  $600,000 for ⅛ ownership Discover expansive, open-concept living and chic contemporary architecture at Las Flores —  $619,000 for ⅛ ownership Wake up to Pacific Ocean views and the sounds of crashing waves. Wood Creek — $663,000 for ⅛ ownership For summer fun on the lake or winter days on the slopes,

Stop dreaming and grab your piece of paradise. These four tropical second homes offer luxury living in sunny destinations. Don’t forget your sunglasses! Stunning South Maui  Located on iconic Wailea Beach, Pacaso listing: Baja bliss  Spend sunny days exploring everything the Los Cabos area has to offer, from watersports and golf to shopping and dining. Then, come back to Pacaso listing: Balboa Island charms  With a unique combination of French-inspired design and an enviable location on Newport Beach’s exclusive Balboa Island, Pacaso listing: Cruisin’ in Santa Cruz  Embrace Santa Cruz’s laid-back surf vibe at Pacaso listing: Sonoran sunsets  A gated mountaintop retreat, Pacaso listing:

Before becoming Pacaso owners, frequent travelers Byron and Elizabeth hadn't thought much about buying a second home — at the time, they didn't own their primary residence, and they enjoyed seeing new places. While they liked exploring different towns along the Northern California coast, it took planning. "We were spending a lot of time and energy finding places to stay," said Elizabeth.  They had several friends in St. Helena, a Napa Valley town within an easy drive of their Bay Area home, and they visited the area fairly often. They had toyed with the idea of buying property there, but it didn't seem like a realistic option. "It's really hard to find properties in St. Helena, and a full-time second home wasn't in the cards," said Byron. But then an interesting opportunity presented itself: Some friends of theirs, Jay and Michael, had decided to "sell down" part of their St. Helena home to Pacaso. The home, known as the Poolhouse, was Pacaso's first property, and Byron and Elizabeth had fond memories of the times they'd spent there in the past.  Seizing the opportunity  Being able to buy a share of the Poolhouse seemed like a stroke of good fortune. "Owning a whole second home was a barrier financially, and it didn't make sense for us when we considered the maintenance and upkeep for a place where we wouldn't spend that much time," said Byron.  Co-ownership with Pacaso seemed like an ideal option — they already knew and loved the home and the area, they wouldn't have to worry about any maintenance headaches, and the ability to right-size their ownership provided the flexibility they craved. "We like to travel a lot and didn't want to have to spend all of our vacation time at a second home."  Most importantly, it was financially attainable, with the help of Pacaso's financing option. "Financing made it possible and kept costs down to a reasonable amount. It balanced out to about what we pay for the average weekend a month we spend on a short family trip, or less than what we would spend on a vacation rental." Still, it was a new model, and they needed to feel assured that it worked for their needs. " "Once we understood the transaction and how everything worked, we felt comfortable and it was really a no-brainer at that point,"said Byron. Time in their Napa home Having young children — 3-year-old twins — hasn't dampened Byron and Elizabeth's interest in travel, but it has changed their perspective on second home ownership. "We really like the feeling of ownership over a vacation rental because we get to spend time in a place where we can make memories together. The kids look forward to coming here, and they understand that it's our Napa house and they get to play in the pool and see friends who live up here," said Elizabeth.  And that sense of connection and consistency is unique to ownership, said Elizabeth. "We feel like we're part of the community even though we're part time. You don't get that familiarity and memories at a rental or a hotel. You have a nice time, but there's nothing sentimental or special."  Sometimes those memories are part of the flow of daily life, like meeting up with local friends to watch their son's Little League game at Crane Park. Other times they are moments to cherish, like celebrating the twins' birthday at their Pacaso with both sets of grandparents who they hadn't been able to see in over a year.  And best of all, creating memories doesn't come with any added stress. "Owning our Pacaso is effortless," said Elizabeth. "We don't have to do any extra planning or work, and we know the house will be the same as when we left it. It's turnkey ownership, and we just show up and enjoy ourselves — we don't have to worry about the details."

Pacaso is more than just a place to stay — it's a gathering place where your extended family can create memories made possible only in a vacation home. This is true for Derick and Karen Ball, who found Pacaso's luxury amenities, dedicated property management and exceptional financing to be the perfect fit for their needs. "The memories that we make here, with family and friends — these are experiences that you can’t buy and you can’t get at a hotel,” said Derick. "It’s quantity time, but also the quality time within it." Watch below to learn more about the Ball family and how they create extended family moments in their Pacaso home. Pacaso makes a second home possible and enjoyable for more people.

Chris and Julie previously owned a second home in South Lake Tahoe, using it for family vacations and as a rental. “We love the idea of having a home, but we didn’t need it full time. The workload that went into renting it out — there was a lot,” Chris said. “We did great with it, but it was a lot of work.” They sold the property in 2020 and started looking for a more manageable home on the north end of Lake Tahoe. During their search, they came across Pacaso’s co-ownership program. Chris and Julie were won over by Pacaso’s price, flexibility and amenities, and the true ownership experience stood out. New, comfortable and impressive The couple loved the idea of owning new construction at a price within their budget. “We figured, the new home aspect would be less wear and tear in the long term,” Julie shared. In addition, since Julie and Chris consider themselves as more “summer people,” a new home in a different area of Tahoe would provide more options for enjoyment.  But it’s not just the newness of the property — the couple is amazed by the home’s design and feel. “I think the most difficult part is having to come home to our main home,” said Julie, who’s a fan of interior design. “I love this house, and it is amazing. I think the design team did a phenomenal job.” As owners who had rented out their second home, the couple also appreciates how Pacaso takes care of the maintenance and adds special touches to make them feel at home. “The hot tub, furnishings, outdoor furniture and fire pits are all comfortable. You have everything you need that you can think of, and that makes me feel really good,” said Chris. “We’re going to impress our family and friends whenever we go there. And we’re always going to have a comfortable stay because of that.” Julie added, “It’s really nice just to be able to walk in and not have to do anything.” Julie and Chris aren’t the only ones who are impressed. On a recent stay, the couple’s daughter and dog didn’t want to leave. “That was a really good sign the Pacaso team did well,” Chris said. The perks of true ownership Simplicity and comfort aside, a massive benefit for Chris and Julie was having true ownership in their second home. “There’s a sense of pride when you own a piece of a home. One thing that resonated with me during our last experience was that we did build a lot of traditions,” Julie said. “And it felt nice to have the same place to go to and make it your own. And it is your own.” This feeling of ownership makes their new Pacaso different from other offerings on the market. “I think there’s a lot of misconception out there with it being a timeshare,” said Julie. “It’s not a timeshare — we’re owning a home with eight people. We are able to have access to Tahoe and a beautiful home that we would not be able to afford on our own.” A second home is a special place With more moments on the schedule and plans to pass the home to their daughter, the couple views their Tahoe home as more than just a second home — it’s about going to a beloved destination that holds special meaning in their family. “I think our second home is an extension of our primary home and an extension of our family,” said Chris. “We can’t say that about our current home as much as we love it, because — at some point — you transition out of your primary home. But with a second home, it’s always going to be a place we go to that matters.” Look forward to coming to Tahoe Looking for a place to make memories in Lake Tahoe? When you co-own a Pacaso, you enjoy hassle-free ownership in a beautiful property that feels like home — because it is. Check out our

For Susan and Jason, Napa Valley had long felt like a home away from home. They live less than two hours away in Burlingame, and wine is Jason’s business — in fact, he owns a wine bar, and frequent trips to Napa and Sonoma Valley are part of the job. But wine country means more than that to the family, said Susan. “Jason is in the wine industry, so Napa is important for that reason, but we also love the community and the change in pace of life it brings while we’re there, so it has a lot of sentimental value for us.” From ‘maybe someday’ to ‘let’s do it!’ They had thought about a second home in Napa, but the idea never went anywhere. “We’d been considering it for years, but the most we ever did was look online, and we always had the same conversation,” said Susan. “It seemed like a lot of upkeep and maintenance considering our busy jobs and lives. How often are we going to use it? Is it worth it? And then this home showed up online and we realized it was partial ownership and we thought that seemed ideal.” Although they hadn’t heard of Pacaso, they understood the concept. “We have friends in Tahoe who own a fractional property, so we were familiar with the idea. Jason was able to tour in person and took me along via FaceTime. We decided that night, and it wasn’t a hard decision! We loved the property and it seemed like a minimal risk for what we would get out of it.”  What they would get was space, true ownership in a home, and an opportunity to put down roots in an area they loved. “When you have a family and go on vacation, you end up cramming four people in a hotel or paying for a suite or multiple rooms each time,” said Susan. “That’s not nearly as appealing as having space for not just family, but also friends, and being able to own it and sell it — those were all the things our friends loved about their Tahoe place, which, in part, is what convinced us to move forward with Pacaso.”  A short drive, a world away Getting out of the city and having a place to relax, with minimal effort, is a dream come true, said Susan. “Being able to just pack up and be there in under two hours is wonderful. You just feel the stress melt away as you get closer to the house.”  Susan and Jason’s Pacaso is situated on an acre and a half in a neighborhood they described as almost farmlike. “It’s close to downtown but you feel like you’re in the middle of nowhere. The kids love to walk down the drive and feed the goats across the street. We live in a city, so having all this space, a pool, playing bocce ball, making s’mores — it’s great, and the kids don’t want to leave.” In addition to making friends with the neighborhood goats, the family looks forward to developing closer connections within the Comfort and ease Leisurely days spent by the pool or exploring local parks are possible in part because Susan and Jason don’t have to invest time and energy in the home itself. “The house is very thoughtfully appointed, and the fact that we don’t have to worry about the maintenance is even better,” said Jason. “From our first stay, it immediately felt very comfortable, and there was clearly a lot of thought put into the way the home was stocked from appliances to glassware and bedding. The personal touches like games are really nice too.” Susan added, “There’s a lot less screen time when we’re there because there’s so much other stuff to do, like playing family games.” The themes of home, ownership and ease have been core to Susan and Jason’s And for Jason, the consistency you can expect from a home you own offers peace of mind — especially when you don’t have to deal with the hassles yourself. “There’s a comfort level in going back to the same place — you know where everything is, you know how to work the TV and the pool and set everything up the way you want it. But we’re not responsible — it’s the actual joys of homeownership.”  Make Napa your second home destination Pacaso puts second home ownership within reach for families, with listings in some of the most desirable destinations. And our Family-Friendly Second Homes™ make it easy to just show up and relax — from cribs and high chairs, to games, pool floaties, streaming services and more, we have you (and your kids) covered. Check out our

Like many couples, Richard and Anne-Catherine thought about buying a second home for years, and they got pretty close a few times. They even did a trial run to see what ownership might be like, renting a home for a season when their children were young, but it ended up being a hassle. “We had to duplicate everything we had in our home to be comfortable, and we were always forgetting something or didn’t have something. There was so much to pack and bring back — it just wasn’t working!” said Richard.  But more than the inconvenience of schlepping things between homes, a feeling held them back: guilt. “Every time we were serious about buying a place, I always felt guilty knowing we wouldn’t use it very much,” said Anne-Catherine. Right-sized ownership with all the amenities Living in the Bay Area, Richard and Anne-Catherine are regular visitors to Lake Tahoe and enjoy the region’s variety of year-round outdoor activities. They never gave up on the idea of owning a second home, and considered buying a condo in Tahoe. Then they learned about Pacaso. “We thought, what a great idea! This is exactly what we need. The cleaning is done, the decorating is done, and there will always be other people using it. We’ll have it for a reasonable amount of time, but it’s not just us — it’s not wasted,” said Anne-Catherine.  Plus, owning a Pacaso meant they didn’t have to deal with all the prep and packing that made their seasonal rental experience so much work. “A big advantage of Pacaso is how well-equipped it is,” said Richard. “You don’t have to worry about what to bring because apart from picking up groceries, everything you need is here.” While they had some initial reservations about taking a risk with a newer company, Richard and Anne-Catherine felt reassured by Pacaso’s thorough operating agreement, and ultimately bought their share A nice price, a very nice home Co-owning a Pacaso also gave Richard and Anne-Catherine an opportunity to own a larger home than they could otherwise afford. “In Tahoe, what we paid for our one-eighth share gets you a one-bedroom apartment. It would be available to us all the time, but it would be very tiny, so I’m not sure it would be worth it,” said Richard. Anne-Catherine noted that it also wouldn’t come with the new, Having stayed at many vacation rentals, the couple says the quality of their Pacaso far exceeds the homes they’ve rented. “Rentals can be shabby,” said Anne-Catherine. “Even high-end rentals can still have cheap cutlery or no baking equipment. I adore baking, and at our Pacaso, everything is there. The decor is very tasteful, and the quality of the bedding and towels is so nice.”  Service at rental properties can be unpredictable as well, but they’ve been pleased with their Pacaso experience. Everything has gone smoothly, from timely door-code notifications to the functionality of the home technology. And the human touch has been a real plus: “The manager is reachable and responsive right away — it gives you confidence,” said Anne-Catherine.  Year-round enjoyment Tahoe’s seasonal activities make it an ideal The couple is also happy to have a place to share with family and friends — something that would have been challenging had they bought a small condo. “We came with two of our (adult) kids and they couldn't believe the place — it was a treat,” said Anne-Catherine. Richard added, “The service, the cleaning and quality of the place that you get for the money is very good. It’s a great deal compared to a one-bedroom apartment where we’d have to do everything ourselves. We can come here and do a bit of work, a bit of skiing — it’s going to be brilliant.” Make Tahoe your second home destination Pacaso puts second home ownership within reach, with listings in some of the most desirable destinations. Check out our

Meghan and Chad had been thinking about buying a second home for their family of five to enjoy quality time together. However, concerns about upkeep, expenses and having enough time in their home held the couple back. “We didn't want to buy ourselves a job,” the couple shared. “We previously owned a second home, and we just felt like it wasn't getting used enough.”  Pacaso’s Ready from the get-go While the couple originally wanted an escape during the pandemic, their Pacaso became much more: A consistent place where they can maximize their time and have everything ready to go. “When we arrive, the gates open and it just feels awesome,” Chad said. “Everything's totally dialed in, and we know how to work everything. The fun, relaxation and enjoyment all start immediately.” This familiarity is the biggest appeal of owning a second home. “Having to discover and troubleshoot a vacation rental, I think, takes 24 hours. With Pacaso, however, we get those 24 hours back to enjoy,” Meghan said about the turnkey experience. Plus, Pacaso’s Reselling their ownership Another advantage of owning a Pacaso is the ability to sell. While Meghan and Chad started off owning 1/4 ownership of their home, they later upgraded their primary residence and adjusted their Pacaso home ownership to 1/8.  “The Family fun, inside and out  For Meghan and Chad, their second home provides everything they need for their family and more — like lemons their son picks from the beautiful trees to make lemonade and the wood-fired oven for baking homemade pizzas. “The home is amazing … it’s been a great place to bring family and friends together,” Chad said. The fun extends to Healdsburg itself where the couple enjoys Saturday evening dance parties in the plaza, shopping at farmer’s markets and delighting in local wine tastings. Their kids attend local camps and swim with local instructors. “I think we're super embedded in the community,” Meghan shared. “One of my goals in being up there was to really take advantage of the place — not as a tourist, but as a local.”  Discover your home away from home When you become a co-owner of a Pacaso home, you enjoy hassle-free ownership at a place that truly feels like home. Check out our

Mike and Rita wanted nothing more than to have a place for everyone in their family to enjoy. From the moment they stepped into their new home, the two grandparents knew immediately they had made the right choice. A Pacaso in Newport Beach was everything they desired in a second home. From the amenities and location to Pacaso’s ongoing support, every detail has made it “feel like home.” Mike and Rita’s calendar is packed with upcoming celebrations, get-togethers and special occasions. “There’s going to be amazing memories made,” said Rita. “As a grandmother, that is my main job. And I think it’s going to be quite easy.” Watch the video to hear what else Mike and Rita love about their Newport Beach second home.

Pacaso owner, Simon Bull made the ultimate romantic gesture when he purchased a beautiful Sonoma home as a Valentine’s gift for his wife of 44 years. He recounts what struck him most about this house and location and offers thoughtful insight into how Pacaso owners fit into the community.

Second home buyer: George, Bay Area entrepreneur George is a long-time Bay Area resident and tech company CEO, and with three kids between the ages of 7 and 12, he felt the time was right for a second home where his family could take a break from their busy lives. He wanted a location that felt like an escape but was still easily accessible by car, and served as a welcome gathering space for his immediate family as well as extended family and friends.  The situation George’s second home vision started as a building project. He had been researching the When George and Anne learned about Pacaso, however, they were intrigued. As a tech entrepreneur with an eye for innovation, George embraces forward-thinking business ideas.  “We are big believers in the shared economy,” said George. “What was compelling about Pacaso was it was ready and available now, and it was clear the team had really thought about what the shared economy looks like for vacation homes, and what would it look like for me and my wife who want to take advantage of a second home but are busy and active in our work lives. We're not retired or close to it, so I'm not going to be occupying a second home more than 15% tops. It's a perfect product for someone like me, and that helped us move forward quickly and become owners of a Pacaso home.” Although Pacaso was relatively new, George was familiar with the co-ownership concept and felt confident in his purchasing decision. In fact, he sees Pacaso as the model for second home ownership: “This is the way the future is going, and the way a vacation home should be leveraged by a person like myself.”  Still, there were a few important details George wanted to discuss before committing to a purchase. “One of the biggest hurdles for any buyer is understanding Another concern was how co-owners might treat the home. “What I liked about the contract was that it made it very clear that every owner is expected to be a true owner,” said George. “It presents a deliberate point of view about how you should think of and value your home, which sets the right tone.” Since purchasing their Pacaso, George and his family have loved staying at their home, and any misgivings about others’ care of the property have been erased. In fact, they’ve referred friends who ended up buying a share. A key factor in their enjoyment? Not having to deal with maintenance or other hassles of ownership.  "We don't have to worry about things like a leaking sink, and when we noticed that the Wi-Fi wasn’t great outside, we talked to Pacaso and they took care of it,” said George. “We get the advantages of using the home in the way we want without all the downsides of owning a second home, and that’s because of the Pacaso team.”  George has also been impressed with the ease of scheduling time at their home. “One of the most positive aspects is how well Pacaso thought about the app — when owners can get access, how much time they can schedule, who can book. We look at the calendar and know what we can plan, and it's been pretty awesome.” Conclusion For George and his family, their Pacaso ticks all the boxes: It’s an escape from the city, a comfortable place to gather with loved ones, and a practical alternative to whole home ownership. “It's your home, but it's also a home that's well taken care of when you're not there. When we come back, everything is ready to go — we don't have to fix or clean anything — and when we’re there, we don't have to worry about all the typical homeowner issues, which allows us to maximize our time there. It’s an incredible thing.” And while the home itself is well matched to their needs, it represents so much more to George. It’s a place where he and his wife can watch their children grow into young adults.  “My kids are at a critical point in their lives, and their memories and the ways they think about family are being created as we speak,” said George. “To have a place that we can call our home and where we can separate ourselves from living and breathing the frenetic pace of Silicon Valley — having that time and memories that are so distinct from the Bay Area, that's huge. These are the formative years for our kids, and having this place for our family is really meaningful.” Find your Napa Valley getaway With gorgeous (and hassle-free) homes available throughout the

Growing up in Texas, Kevin Peranio had few opportunities to experience the thrill of fresh powder. After moving to the West Coast and starting a family, he was excited to introduce his children to the joy of skiing. Kevin and his wife Rebecca began exploring their options for a second home with easy access to ski slopes. “Our search was a couple of years in the making. Our kids are young, so I wasn’t in a big rush, but I was still eager and we knew we wanted something in a Second home destination: Park City After several idyllic visits to Park City, Utah, Kevin started scoping out properties in the area. Although the family enjoys local destinations like Big Bear, car rides with four young children — ages 2, 3, 6 and 8 — on winding mountain roads include the inevitable litany of “are we there yet?” at best, and one or more carsick kids, at worst. Their home in Newport Beach is minutes from the airport, and they find the short flight to Utah more convenient and relaxing than a long car trip. Ski town sticker shock The problem was finding a place they could afford. “Prices in Park City had been going up astronomically,” said Kevin. “My ideas about what I wanted and what I could actually afford were on two different levels.”  But then an opportunity opened up: A friend in the real estate business happened to mention Pacaso in an Instagram post. Kevin checked out Pacaso’s website and found a single listing in Park City. “I jumped on it right away. I was the first person to buy and the first owner to stay at the home. It was really exciting to be the first one.”  More home for less For Kevin, the cost savings of co-ownership were fundamental to his purchasing decision. “I couldn’t pay for this house in full. This is kind of a Texas phrase, but I have champagne taste and a beer budget. All the homes that I wanted to get into were really pricey, but co-ownership brought properties that I thought were out of reach into grasp.”  Beyond the price, the idea of Pacaso vs. whole homes and timeshares Kevin has a unique perspective on Pacaso, as his Park City home isn’t his first experience with second home ownership. “Owning a second home means dealing with maintenance, upkeep, furnishings — it’s a lot of work, especially if it’s far away. With Pacaso, I don't have to worry about any of that — it’s a breath of fresh air.”  How does that compare to his experience owning a whole second home? “We own another property in Rancho Mirage. It took forever just to finish the buildout and find subcontractors, and we have to drive there and deal with issues year-round. Two different second homes, and the starkest difference in upkeep.” The fact that Kevin doesn’t have to worry about his fully managed Pacaso doesn’t make him feel like less of an owner, however. “This is completely different from staying at a hotel or buying a timeshare. With Pacaso, you actually own a piece of this property and get appreciation. As an owner, you feel invested —  it’s not 100% ours, but you feel like it’s yours. You treat it like your home because it is. And then when I'm not using it, I don't have to worry about it.”  Satisfying his ‘champagne taste’ Kevin’s Park City Pacaso fulfilled all of his luxury home aspirations, which was a bit of a gamble, considering he purchased the property That care extends to the entire process of Adventure awaits in your Park City Pacaso For skiing, mountain biking, the Sundance Film Festival or just a place to get away, there’s nowhere quite like Park City. Co-ownership with Pacaso puts second home ownership in this mountain getaway within reach. Browse our collection of

With summer winding down and the year’s midpoint behind us, the luxury real estate landscape looks clearer, and brighter, than it did just a few months ago. Buyers and sellers are navigating calmer waters: prices at the high end have held steady, interest in co-ownership keeps climbing, and industry trends point to more meaningful travel. Here are some key takeaways  as we head into the second half of 2025, and why the outlook for second-home owners has never felt more promising. When we launched Pacaso in 2020, many buyers still assumed “real” ownership meant holding 100% of a home, even if it was rarely used.. That mindset is changing fast. In Cost and ease of management are the main drivers behind co-ownership. Though overall home sales cooled in early 2025, the top of the market keeps defying gravity. High-end properties outperformed every other price segment in 2024 and Q1 2025, according to Realtor.com’s What’s driving demand? A combination of strong stock-market returns, limited home inventory in some markets and the appeal of tangible assets you can Global living isn’t just for digital nomads. London is a prime example. Beauchamp Estates reports U.S. citizens now account for roughly That global appetite is why Pacaso is expanding beyond North America. We’re continuing to focus on adding more Pacaso homes in Europe, bringing our seamless co-ownership model and simplified transaction process to some of the world’s most coveted vacation destinations. Whether you’re traveling or buying a home, experience is quickly becoming the true measure of luxury. This same experiential mindset is reshaping real estate: “The feeling a home delivers matters as much as the address,” observes Tammy Fahmi of Sotheby’s International Realty—a change that’s prompting buyers to pay premiums for properties aligned with their lifestyle ideals ( Luxury real estate is evolving on two parallel tracks: shared ownership is accelerating, and lifestyle-led demand is strengthening at the high end. Together, those forces create an unprecedented opportunity to enrich your life through the purchase of a second home. Pacaso takes the complexity out of second home ownership, giving you effortless access to extraordinary properties around the world. Whether you’re eyeing a Austin Allison CEO and Co-founder of Pacaso

While the real estate market has slowed down after the pandemic-driven surges of 2020 and 2021, many popular luxury vacation destinations across the country continued to see a rise in second home demand in 2022. In this year’s Top Second Home Markets Report, we reveal the top 10 luxury second home markets of 2022. These are the markets across the US that saw the biggest upticks in second home buying activity.  “Despite a national cooling in residential real estate, we’re finding that the To determine the top U.S. markets, Pacaso analyzed second home mortgage rate lock data — an indicator of second home buying activity. Here are the 10 U.S. counties that saw the biggest increases in the share of second home mortgage rate locks for homes priced above $1 million.  “What’s interesting here is that many of the counties that saw the largest year-over-year shift toward second home buying activity this year are already regarded as luxury top second home destinations,” said Austin. “Places like Napa, Kauai, and New York City all made the list this year. In previous years, lesser known Compared to last year, sought-after destinations in Utah, Florida and California saw the biggest gains in the number of people purchasing luxury second homes. In Washington County, Utah, where the average second home price was $1.3 million, the share of luxury second home mortgage rate locks was up 10.3% year-over-year — the largest increase in the country. Home to Osceola County, Florida (6.1%), and Nevada County, California (4.5%), also saw the biggest year-over-year share increases among the top markets. Osceola County is situated just south of Orlando and is in close proximity to Florida’s famous east coast beaches.  Nevada County, home to Truckee, is situated in the Sierra Nevada mountains and is a short drive from the world-class ski resorts of Lake Tahoe. With demand and prices for second homes continuing to rise in many areas, co-ownership offers a smarter and more responsible option for buyers looking to make memories now in a second home. Pacaso has co-ownership listings in over 40 world-class destinations. Browse Pacaso identified the top U.S. luxury second home markets by selecting the 10 counties with the highest year-over-year increases in second home mortgage rate locks between January 1 and December 6, 2022. Counties without at least 50 second home transactions in the period, as well as those with second home mortgage rate lock share below 10%, were excluded from the analysis.  Luxury second homes are defined as homes sold for $1 million or more that are designated for seasonal and/or recreational use. Mortgage rate lock data is an indicator of second home buying activity. When applying for a mortgage rate lock, a home buyer must specify whether they are securing a mortgage rate for a primary home, secondary home or an investment property. Approximately 80% of mortgage rate locks result in home purchases. Mortgage rate lock data was provided by real estate analytics firm Optimal Blue and includes a sizable share of the market that is taken to be representative of the whole. Second home mortgage rate lock transactions and average second home purchase price data were sourced at the county level. 

Second home market trends: Key takeaways Second home market cooled in summer, but still relatively hot Across the nation, second home rate locks — a proxy for second home transactions — increased throughout the pandemic, peaking in summer 2020 and again in spring 2021, but falling 26.6% year over year this past summer. Despite this recent cooling of the pandemic-fueled second home surge, overall market share of second homes is still up from pre-pandemic levels.  From 2017 through 2019, second home transactions averaged a 3.8% quarterly market share of all rate locks. As of summer 2021, that percentage was up from pre-pandemic levels, with second homes comprising a 4.3% market share. “A year ago as Pacaso was preparing to launch, we wanted to better understand the second home market, and quickly realized there was a massive gap in local, timely second home data,” said Pacaso CEO Austin Allison. “It’s estimated that there are nearly 10 million second homes in the U.S., and with pandemic-driven shifts that have allowed people greater flexibility around where they live and work, we expect to see this number continue to grow. The second home housing market represents a significant subset of the market that is critical to watch in order to fully understand the U.S. housing market.”  The Pacaso Second Home Market Report, which analyzes timely and localized data for the top 50 second home markets, is a composite including property use and mortgage rate lock data. It includes counties with a percentage of seasonal homes and median home values at or above the top 20th percentile. Mortgage rate lock data is a leading indicator of consumer second home buying activity. Transaction volumes decreasing, but home prices up across top 50 markets Most of the top vacation destinations are seeing second home mortgage rate locks decline, but prices remain highly elevated and continue to rise. All but one county tracked in Pacaso’s report saw double-digit price growth in second home purchase prices this past summer. Kauai, Hawaii, saw the highest growth, with a median purchase price of $1.25 million, up 83.3% compared to a year ago. The island of Kauai has seen Wasatch County, Utah, and Gunnison County, Colorado, also saw sharp increases in second home purchase prices, up 53.9% and 53.2% respectively year over year. Prior to this spike, Wasatch County historically had a lower median second home price than neighboring Summit County, Utah, which is home to popular resort town Park City. Meanwhile, Gunnison County, located in the Colorado Rockies and home to ski resort Crested Butte, still has a lower median second home price than neighboring Summit County, Colorado, which is home to a number of famous ski destinations like Breckenridge, Keystone, and Copper Mountain.  Of the top 50 second home destinations analyzed, 46 saw a year-over-year decline in transaction activity in the summer months. However, trends in four second home markets stood out as exceptions:  Demand is creating a new wave of second home markets “It’s clear that there’s been a sea change not only in where people live and work, but also where they choose to get away from it all. The market looks completely different than it did two or three years ago,” said Pacaso CEO Austin Allison. “It used to be that major metros were the primary hotbeds of real estate activity, and now we are seeing double-digit price growth across the entire U.S., and intense interest in second homes in places like Boise, Idaho, and Eagle County up in the Colorado Rockies. This widespread demand is creating a new wave of second home markets with more moderate median home prices but the same types of amenities and outdoor recreation options typical of their more famous counterparts.” At the other extreme, El Dorado County, California saw the biggest decline in second home mortgage rate lock volumes, down by 62.5%, which was almost certainly related to this summer’s wildfires in Lake Tahoe. Cass County, Minnesota (-60.7%), Chelan County, Washington, and Beaufort County, South Carolina were just behind, both down 59% year over year. Most of these markets posted extreme growth the year before, which was not sustained.  Methodology Pacaso identified the nation’s top second home markets by compiling census data on counties with a percentage of seasonal homes and median home values at or above the top 20th percentile and by excluding those below the bottom 10th percentile of counties with the fewest households. Counties without at least 20 second home transactions in the period were also excluded from the analysis. Pacaso then analyzed real estate activity in the top second home markets by observing mortgage rate lock data, a leading indicator of second home buying activity. When applying for a mortgage rate lock, a home buyer must specify whether they are securing a mortgage rate for a primary home, secondary home or an investment property. Approximately 80% of mortgage rate locks result in home purchases. Mortgage rate lock data was provided by real estate analytics firm Optimal Blue and includes a sizable share of the market that is taken to be representative of the whole. Second home rate lock transactions and median purchase price data were sourced at the county level with the months June through August 2021 comprising the “summer” period in this analysis. 

Gain insights from industry experts on the latest in capital markets and what’s to come in tech in Pacaso's recent webinar hosted by co-founder and former Zillow CEO Spencer Rascoff. Jane Dunlevie, Global Head of Internet Banking, and Danielle Freeman, Managing Director, Equity Capital Markets, from Goldman Sachs joined Pacaso co-founder, former Zillow CEO, and Goldman alum Spencer Rascoff. Together, they discussed the 2024 capital markets outlook, explore IPO windows, and analyze the current landscape of tech stocks.  A few key takeaways included: Click

More people are buying second homes than ever before. Although the pandemic-induced buying frenzy slowed in 2021, second homes purchases remain historically high. In popular vacation destinations across the country, demand continues to rise, as do prices, with nearly all top markets seeing To determine the “We know that the pandemic fueled a major surge in second home buying demand, and that national demand peaked in the Rural southeast counties had highest rates of growth In addition to revealing the top second home market in every state, the analysis also highlights the percentage of growth each market has seen over the past year. Perhaps surprisingly, Top 10 markets with biggest increases in share of second home rate locks in 2021 High-priced markets more likely to see declines in rate locks Some markets, despite their popularity, experienced significant declines in their share of second home sales. Dukes County, which includes Martha’s Vineyard and 10 other islands off the southeast coast of Massachusetts, is the top second home market in that state. Still, it saw the biggest year-over-year decline in second home share among all top 50 markets that made the list, down 19.4% from last year. With an average second home price of $1.6 million, Dukes County is also one of the most expensive markets.  Price increases and limited inventory may have contributed to the annual decrease, as well as the emergence of other, more affordable markets with more inventory. Teton County, Wyoming — home to the popular Jackson Hole ski resort — has the highest average second home sale price of all the markets on the list: $3.4 million. It also saw a moderate dip in the share of second home mortgage rate locks, down 7.9% from last year.  Find your second home with Pacaso With prices and demand for second homes continuing to rise in many areas, co-ownership offers a more accessible, simpler option for would-be buyers. Pacaso has co-ownership listings in destinations across the U.S. and in Spain, and is rapidly expanding to new markets. Methodology Pacaso identified the top second home market per state by selecting the county with the highest total percentage of second home mortgage rate locks between January 1 and October 13, 2021, in each state. Counties without at least 50 second home transactions in the period were excluded from the analysis.  Mortgage rate lock data is an indicator of second home buying activity. When applying for a mortgage rate lock, a home buyer must specify whether they are securing a mortgage rate for a primary home, secondary home or an investment property. Approximately 80% of mortgage rate locks result in home purchases. Mortgage rate lock data was provided by real estate analytics firm Optimal Blue and includes a sizable share of the market that is taken to be representative of the whole. Second home mortgage rate lock transactions and average second home purchase price data were sourced at the county level. 

I’m Austin, CEO and co-founder of Pacaso. Spring often signals a fresh start in the housing market, and 2025 is no exception. This year, we’re seeing a gradual increase in both inventory and demand. While the year began with lower sales volume, homebuyer demand is gaining traction, and mortgage rates remain below 7%—a welcome trend for buyers. As market conditions evolve, we’ll continue to monitor trends and provide insights. If you have questions about a specific market or are interested in exploring co-ownership opportunities, don’t hesitate to reach out. Some things we’re seeing shaping up this season: While home sales fell 4.9% in January—continuing a broader market slowdown, according to According to the Moreover, Earlier this month, mortgage rates declined for the sixth consecutive week, with the 30-year fixed rate dropping to 6.67%—the lowest level since October 2024. As of Tuesday, March 25, 2025, the current average interest rate for a 30-year, fixed-rate conforming mortgage loan in the U.S. is 6.569%, according to data available from mortgage data company Optimal Blue. While rates have continue to fluctuate, they remain in the 6% range, providing relief to buyers who had been sidelined by above 7% rates and higher borrowing costs. Housing inventory is on the rise, giving buyers more options in many markets. According to However, inventory remains 23.1% below February 2019 levels, meaning buyers in certain regions—particularly parts of the Midwest and Northeast—are still facing tight resale markets with limited options. As we move further into spring, these market dynamics will continue to evolve. Whether you’re considering co-ownership or exploring new real estate opportunities, we’re here to help you navigate the trends. Our team took a deep dive into the latest housing trends across North and South Carolina, and one key insight stood out: North Carolina is leading the way in vacation homebuyer demand, outpacing South Carolina across several key metrics. From the Blue Ridge Mountains to the Outer Banks, buyers are drawn to the state’s natural beauty, accessibility, and year-round lifestyle appeal. Explore the full report to see what’s driving the shift—and what it means for the future of second home ownership in the Carolinas. See the report

Every winter, harsh temperatures prompt many retirees to head south to enjoy warmer weather. These “snowbirds” spend winter soaking up the sun and enjoying the warmth before returning to their primary residence in the spring. The snowbird season typically ranges from October through April, and sends thousands upon thousands of people flocking to warmer, affordable snowbird states like Texas, Arizona and Florida.  We’ve crunched the numbers to determine the top 50 snowbird destinations in 2023. To determine the best snowbird locations, we analyzed weather conditions, cost of living, safety and healthcare access in the area. And spoiler: Whether you plan to visit for a few weeks or plant your roots with a Here’s what makes each of the top 10 snowbird destinations worth the journey, plus 40 more warm winter spots. 1. Missouri City, Texas Just a half-hour from downtown Houston, Missouri City is at the top of our list of the best snowbird destinations. Whether you’re an avid fisherman or you never miss a morning walk, the Show Me City has many parks and lakes to enjoy during the comfortable 73-degree winters. While snowbirding in Missouri City, you can easily take advantage of everything downtown Houston has to offer, including its ethnically diverse dining scene, which is ranked as one of the Whether you’re feasting on some of the country’s best barbecue at Missouri City is also home to Plus, Missouri City's crime rate is well below the national average, making it one of the best places to spend winter months. 2. Pearland, Texas Pearland, Texas, is one of the Not only that, but Pearland offers stunning sightseeing experiences such as the Pearland is also home to some of the best barbecue in Texas, including If you’re a shopper, you’ll feel right at home at the 3. Pasadena, Texas Our third Texas snowbird destination is located southeast of Houston, extending all the way out to Trinity Bay. This Houston suburb offers warm winters and no shortage of things to do, making it one of the best places to winter. For space buffs, Pasadena is just minutes from the iconic NASA Johnson Space Center, the subject of the famous quote, “Houston, we have a problem.” Not only that, but you can visit If you enjoy spending your free time reconnecting with nature, you’ll love Pasadena’s Residents of Pasadena also enjoy quick access to scenic beaches like El Jardin Beach. If you’re looking for a relaxing day on the water, you can make a short trip to Seabrook, which offers 11 miles of waterfront and a vibrant coastal community. 4. Pembroke Pines, Florida Located 22 miles north of Miami, Pembroke Pines sits between the sandy Featured as one of the You can also spend your time strolling through brand-name stores at the luxurious open-air 5. Margate, Florida Also part of the Miami metropolitan area, Margate is located just east of the Everglades. Known for its beautiful golf courses, safe neighborhoods and close proximity to the ocean, Margate is one of the best places for a second home to spend your winters. Whether you’re looking for a relaxing day at scenic Pompano Beach or you’re feeling lucky enough to visit the If exploring nature is more your thing, you can check out Plus, enjoying everything Margate has to offer won’t break the bank, as its cost of living index is just barely above the national average, making it one of the most affordable winter home locations. 6. Tamarac, Florida Known as the City For Your Life, Tamarac sits south of Margate and is the last city from the Miami metropolitan area in our top 10. With 251 sunny days per year, Tamarac is a beautiful place to spend the winter season. While snowbird living in Tamarac, you’ll have quick access to the picturesque white sand beaches of Pompano Beach and Fort Lauderdale. Not only that, but you can take advantage of all the lush Everglades have to offer, from taking a guided airboat tour at For those relaxing days, you can spend time at the marvelous Nearby, you can also enjoy the 7. Gilbert, Arizona Once known as the Hay Shipping Capital of the World, Gilbert is home to families and snowbirds alike. Located just southeast of Phoenix, Gilbert offers views of the cactus-lined San Tan Mountains. With a vibrant dining scene, you’ll have plenty of restaurants and patios to choose from, whether you want to enjoy a fine meal at If shopping local is your thing, the Gilbert is also a great place for those looking to get outside to enjoy the warm winter weather. From taking a walk at 8. Clearwater, Florida Nestled between the Gulf of Mexico and Tampa Bay, Clearwater is known for its gorgeous white sand beaches and Clearwater Beach, a 3-mile-long barrier island dotted with hotels and restaurants. Winning the title of America’s No. 1 Beach When you aren’t relaxing on a beach, you can take in all the sights Clearwater has to offer, from dolphin sightseeing cruises to the If you’re a sports fan, you can catch a game at Better yet, the amazing sights, fun experiences and comfortable snowbird winters in this 9. Mesa, Arizona Surrounded by the spectacular Sonoran Desert, Mesa sits southeast of Scottsdale and is a great place to spend the snowbird season. With access to For sports enthusiasts, Mesa is the spring training home of the Chicago Cubs and Oakland Athletics, making it one of the most popular snowbird destinations for baseball fans. To add to Mesa’s entertainment value, you’ll be near When you’re not out hitting the links or catching a game, you can spend an afternoon marveling at all there is to see at the If you’re an adventurer at heart, you can kayak the Lower Salt River, where you’ll float by wild horses and breathtaking scenery. No matter your interests, you’ll have plenty to do during the comfortably warm winter months. 10. Chandler, Arizona Also located in metropolitan Phoenix, Chandler sits northwest of the jagged San Tan Mountains. You'll have lots to enjoy while snowbirding in Chandler, from the endless number of golf courses to the vibrant downtown. Whether perusing one of downtown Chandler’s boutique shops or enjoying one of the In addition, you’ll have entertainment options aplenty, from listening to live music at the unpretentious And be sure to pack light, as you can get everything you need for the snowbird season at The 50 best snowbird destinations in the U.S. There are many other worthy locations for a Snowbird checklist Before you can head south to enjoy a warm, relaxing snowbird winter, you’ll want to leave your primary residence in good shape. Here’s a snowbird checklist to help get you and your home ready for your time away. Winterize your home It’s crucial that you winterize your home to help reduce the risk of any damage that could take place while you’re away. This includes making sure to: Forward any important information Next up, you’ll want to make sure any important information is passed along to your new home. This includes making sure to: Tidy up the house After spending your winter in the sun, the last thing you want is to return to a messy home. Be sure to: Secure your home Another concern for snowbirds is leaving your house unattended for months at a time. Fortunately, there are steps you can take to help improve the security of your home. Before going south for the winter, be sure to: Now that your home is secure, you’re one step closer to enjoying your snowbird destination of choice. Pack your bags With your house prepared for the winter season, it's time to pack your bags! Aside from clothes and other obvious necessities, here are some important items to keep in mind while packing for your second home: This way, if anything arises while you’re at your snowbird destination, you’ll have everything you need to respond accordingly. Enjoy the sunshine Congratulations! With everything squared away at your primary residence, the only thing left to do is enjoy the sunshine at your snowbird destination. No matter where you end up, you’re sure to find plenty to do during the warm winter months. If snowbirding sounds like the way you’d like to spend your winters, consider trying out one of these gorgeous snowbird destinations. These cities not only provide you with endless outdoor enjoyment and an abundance of things to do, but they also make great places for a Our methodology This study was conducted in November 2022. To determine the best snowbird destinations in the United States, we compared five ranking factors across a sample of cities with the highest population over the age of 60, sourced from the The following ranking factors were used to determine how suitable a city is for snowbirds and assigned out of a weight of 100: Each snowbird destination was given a score based on these factors and assigned an overall ranking. The destinations with the highest scores were deemed the best snowbird destinations in the United States. Our data was sourced from the U.S. Census Bureau, BestPlaces, NOAA and Medicare.gov. Snowbird destinations FAQ Here are answers to some common questions about snowbird destinations. Where is the cheapest place to be a snowbird? Of our top 50 snowbird destinations, Port Charlotte, Florida, is the cheapest, with a cost of living index of 88.9. This means that living in Port Charlotte is roughly 11% cheaper than the national average. How do snowbirds afford two homes? Snowbirds can afford a second home in a variety of ways. Some snowbirds may rent a second home, whereas others may live in a What state has the most snowbirds? Florida tends to have the most snowbirds, with upwards of What is the average age of a snowbird? Because most snowbirds are retirees, the average age of a snowbird is around What are the benefits of being a snowbird? One of the biggest benefits of being a snowbird is having a second home to escape the cold winter months. That way, you can enjoy your primary residence spring through the fall while having a warm getaway in the wintertime, allowing you to enjoy the outdoors all year round. Are there any disadvantages to being a snowbird? Snowbirding does have a few inconveniences, including forwarding your mail to your second home and asking someone to look after your primary residence while you’re away. Other hassles may include switching over prescriptions to a new pharmacy and finding doctors you can go to during the winter months.

According to second home mortgage rate lock data analyzed by Pacaso’s research team, sales of luxury second homes and “Overall, luxury real estate exceeded expectations and outperformed the rest of the second home category and the overall real estate market in Q2 2022,” said Pacaso Co-Founder and CEO Austin Allison. “Despite a rising interest rate environment and growing concerns of a recession, it is clear that demand for this type of asset remains strong.”   The last two years, particularly during the peak of the pandemic, the housing market experienced record growth. Home price appreciation seemingly peaked in April of 2022, when it was up 21% nationwide. Today, the market is beginning to normalize from those unprecedented levels. In May, home prices decelerated for the first time in five months, but were up double digits year-over-year for the 16th consecutive month. The deceleration was partially driven by rising interest rates, an uncertain economy and geopolitical unrest in the Ukraine. Contrary to some headlines, many economists believe that the housing market will continue to grow through 2022, albeit not at the same pace as 2020 and 2021. The current volatility in the stock market has impacted many consumers’ overall net worth in recent months. This in turn drives many to look to more stable asset classes, such as real estate. “Affluent consumers tend to be more insulated from the impacts of an economic downturn,” continued Allison. “Some consumers will look to real estate as a more stable place to park their money during times of increased market volatility. Although they may trim their budgets, this group is less likely to completely drop out of the market. As a result, demand for luxury real estate remains strong, but the acceleration of home price appreciation for this category will likely continue to slow as we saw during Q2 2022.”  While interest rates are rising compared to record low rates during the pandemic, the housing market is still experiencing very healthy demand, particularly in the luxury second home segment. Thirty-year fixed rates rose above 5% in April for the first time in more than a decade. In the second week of June, interest rates rose by 55 basis points, which was the largest one-week increase since 1987. However, for the past 50 years, 30-year fixed mortgage rates have averaged approximately 8%, even crossing above a staggering 18% in the early 1980s. With rates averaging around 5% today, they are still relatively low comparatively. It is important to note that the total share of second home mortgage rate locks was 2.7% in Q2 2022, dropping below the pre-pandemic national average of 3.5% (based on second home mortgage rate locks between 2015-2019). The luxury category makes up approximately 12% of all second home mortgage rate locks. The median price for all second home mortgage rate locks during Q2 2022 was $435,000, which was up 19% year-over-year. Looking specifically at the luxury category, the median price was approximately $1.4 million, which remained relatively flat on a year-over-year basis. However, when it comes to second homes, more than 50% of buyers pay in all cash*. For this reason, looking simply at second home mortgage rate lock data is not the best indicator of true second home sales in the U.S. The median-to-lower end of the housing market, which makes up approximately 88% of all second home mortgage rate locks is being hit particularly hard, thus driving down total second home mortgage rate lock growth on a year-over-basis. In fact, numerous discount brokerages and mortgage companies are reportedly laying off agents in mass due to decreasing demand for median to lower priced homes.  Second home buyers were focused on locally-relevant destinations that feature outdoor attractions, many located along waterfronts, as the peak summer travel season approached.  “For the past two years, premier second home destinations like Aspen, Malibu and Tahoe experienced strong buyer demand,” said Allison. “As inventories were constrained and prices accelerated in those markets, buyers began looking to more locally-relevant destinations for their second home. In those markets, buyers can get a lot more for their money without sacrificing on the quality of their home or proximity to outdoor activities.” Coeur d’Alene, ID and Williamson County, TN experienced the largest year-over-year increase in the median purchase price for luxury second homes of 52% and 42%, respectively. These destinations offer a wealth of outdoor activities, such as hiking, mountain biking, and fishing, making them optimal second home destinations. Situated along Washington’s Puget Sound, Kitsap County, WA, which boasts miles of beautiful shoreline, golf courses, water activities, and boat excursions, saw the median price of luxury second homes increase 39% year-over-year. Cape Cod, MA experienced the largest increase in second home rate lock transactions during Q2 2022 (+236% year-over-year). Located just south of Boston, Cape Cod offers a wealth of outdoor activities, pristine beaches, five star restaurants and some of the best mini golf courses in the nation for family-friendly fun. Beachfront counties dominated the top ten list of destinations by transaction count, including  St. Johns County, FL which saw a 220% increase. Sevier County, TN, which is known as the gateway to the Great Smoky Mountains National Park, and Clark County, NV, home to The Last Vegas Strip, also experienced strong growth in second home rate locks, up 147% and 108%, respectively. Pacaso identified the nation’s top second home markets by compiling census data on counties with a percentage of seasonal homes and median home values at or above the top 20th percentile, and by excluding those below the bottom 10th percentile of counties with the fewest households. Pacaso then analyzed real estate activity in the top second home markets by observing mortgage rate lock data, a leading indicator of second home buying activity. When applying for a mortgage rate lock, a home buyer must specify whether they are securing a mortgage rate for a primary home, secondary home or an investment property. Approximately 80% of mortgage rate locks result in home purchases. Mortgage rate lock data was provided by real estate analytics firm Optimal Blue and includes a sizable share of the market that is taken to be representative of the whole. For this analysis Pacaso’s research team looked at mortgage rate lock volume for both second homes and investment properties for Q2 2022 with a purchase price of greater than $1 million to focus on the luxury end of the second home and investment property category. Rate lock transactions and median purchase price data were sourced at the county level for counties that had a minimum of 5 second home transactions and aggregated quarterly, with Q2 representing the months of April through June 2022. * National Association of REALTORS®, June 2021

On Presidents Day, many across the U.S. celebrate the nation’s past, present and future leaders with a restful day off. It's no secret that our commanders-in-chief, too, enjoy their own vacation time. From small towns in Texas to multi-generational coastal compounds, presidents across history have retreated to unique destinations for some R&R — many spending their time in a second home. In honor of the holiday, we analyzed seven second home destinations where U.S. presidents vacationed before, during, and after their time in office. Since history shows that So, which president chose the getaway spot with the greatest price appreciation? Hint: He was the 40th president of the United States. Key takeaways 1. Goleta, California (Ronald Reagan) Six presidential getaway destinations saw more than 17% growth in median second home price from last year — with the biggest growth being 20.55% in Santa Barbara County. The average luxury home value in this California county almost doubled from $776,767 to $1,247,645 over a five year period. Santa Barbara County is not only home to the popular cities of Santa Barbara and Montecito, but also the chosen getaway destination for Los Angeles city dwellers and, previously, the Reagans. The famed Rancho del Cielo where President Ronald Reagan retreated with his family, also known as the “Western White House” is located in Goleta, California. The presidential ranch is situated atop the Santa Ynez Mountain overlooking "The Good Land," a breathtaking 10-mile stretch of beautiful coastal and agricultural land. 2. Hyannis, Massachusetts (John F. Kennedy) Barnstable County, Massachusetts recorded the next largest growth in second home price year over year with 19.73% increase. Barnstable County is home to the popular coastal community of Cape Cod and its associated islands. The picturesque seaside town has a rich history with the Kennedy family, which began in 1928 when President John F. Kennedy’s parents purchased a vacation home in Hyannis Port. JFK, his brother Ted and his sister Eunice later purchased the neighboring homes to bring to life the Kennedy Compound, a  three-house, six-acre waterfront property along Nantucket Sound. "With serene beaches, quaint villages, colorful seafood shacks and lighthouses, the Cape embodies the best of New England charm and has long been a popular destination for second home owners and seasonal travelers," said Pacaso Co-Founder and CEO Austin Allison. 3. Rancho Mirage, California (Henry Ford) Coming in third is Riverside County, California, where the 38th President Gerald Ford retreated at one time. The county saw a 19.61% price appreciation in its luxury home prices from 2021 to 2022. Most interesting is chance in price appreciation prior, during and following the pandemic — second home prices were up 4.24% year over year in 2020 but skyrocketed to a 20.66% growth in 2021, showcasing the demand surge for second homes after the onset of the pandemic. Nestled in Rancho Mirage between Palm Springs and Palm Desert, Ford’s home sat on the 13th hole of the iconic Thunderbird Country Club. The popular desert city is home nearly 300 days of California sun and great golf, and has long been a popular getaway for Hollywood and influential celebrities alike including Frank Sinatra, Dean Martin, Bing Crosby, Lucille Ball, and of course, Gerald and Betty Ford. 4. Crawford, Texas (George W. Bush) Perhaps the smallest town on this list of presidential second homes is Crawford, Texas in McClennan County, and the home away from home of Laura and George W. Bush. While Crawford’s population is less than 1,000 people strong, the central Texas county saw a 18.98% increase in the value of luxury homes from 2021 to 2022, perhaps due to the charming county seat of Waco. Waco is approximately 35 miles east of the "Bush Ranch" and offers plenty for locals and visitors alike to do and explore, from Baylor University and Cameron Park to delicious barbecue, unique boutiques and more. The stars of popular home show "Fixer Upper" and owners of Magnolia, Chip and Joanna Gaines call Waco home and have also attracted fans to the central Lone Star state town who visit the Magnolia Market & Silos. The luxury home price in McClennan County is the lowest on the list with a $512,931 average. 5. Rehoboth, Delaware (Joe Biden) Sussex County, Delaware saw an 18.27% year-pver-year increase in the value of luxury homes year over year. Sussex County is home to numerous seaside resorts and popular beach towns such as Bethany Beach, Dewey Beach, Fenwick Island, Lewes, and Rehoboth Beach.  Properly nicknamed “The Nation’s Summer Capital” due to its popularity amongst politicians and its proximity to Washington, D.C., Rehoboth is the current escape for POTUS Joe Biden and Dr. Jill Biden. The Delaware-native had been vacationing to Rehoboth for decades prior to purchasing his second home in 2017.  During Biden’s presidency, he and the First Lady have been seen in perusing Browseabout Books, grabbing an ice cream scoop at Double Dippers and strolling on Gordons Pond Trail, amongst others. 6. Kennebunkport, Maine ( The value of luxury homes in Maine's York County increased 17.16% from 2021 to 2022. The southern Maine county is home to the charming coastal city of Kennebunkport, widely known as one of New England's most popular tourist destinations.  President George H. W. Bush, the 41st President of the United States, inherited a "Summer White House" retreat in the town of Kennebunkport, rightfully named "Walker's Point Estate." Similar to JFK’s Massachusetts compound, Walker’s Point Estate consists of three family-owned properties and has long served as a multi-generational getaway destination for the Bush family. 7. Edgartown, Massachusetts ( Dukes County, Massachusetts saw an 11.11% increase in the value of luxury homes from 2021 to 2022. The county consists of the island of Martha's Vineyard, the Elizabeth Islands, the island of Nomans Land and other islets. While the entire county only has a population of about 20,600, the largest island in the county is Martha’s Vineyard, which has long been a popular vacation home destination. The island is famous for its miles of public beaches, quaint shops and restaurants.  In 2019, Barack and Michelle Obama bought a slice of Martha’s Vineyard by way of a 29-acre, seven-bedroom and eight-and-a-half-bath estate for $11.25 million. Despite having the lowest value increase year over year of the seven presidential second home destinations we analyzed, Dukes County has an average home price of $2,590,922 — the highest priced real estate of these markets. Methodology To compile this report, Pacaso analyzed luxury real estate activity in counties where U.S. Presidents owned second homes and examined average values of homes in the top 20% of those markets and the year-over-year percentage changes. Home price data was provided by Zillow, MLS data sources, and real estate analytics firm Optimal Blue.

Say you've been planning the ultimate luxury vacation for a couple of years. You've got your list of dream destinations, top-notch resorts, and must-try experiences all lined up. But just as you're about to book, you discover some places have become overcrowded, while hidden gems have emerged elsewhere. Suddenly, your itinerary needs a revamp.  The luxury real estate market isn't much different. Economic shifts, evolving consumer tastes, and technological innovations continually reshape the landscape. In this guide, we’ll walk you through the top luxury real estate trends of 2025 so you can create a strategy that leads to 1. Smaller homes are becoming more luxurious Smaller homes continue to gain popularity among luxury buyers in 2025, and it's not just about saving money — it's a lifestyle choice. Recent data from the Affluent buyers are prioritizing convenience and financial flexibility, seeking homes that require less maintenance without sacrificing those high-end finishes we all love. Many buyers are choosing smaller homes because they're easier to purchase with cash, avoiding mortgage debt and those pesky rising interest rates. Why smaller luxury homes work: 2. The luxury market is stabilizing as inventory rises and price growth cools After years of soaring prices and fierce competition, the luxury housing market is shifting toward a more balanced state in 2025. The extreme ups and downs we've seen in previous years are leveling off as more high-end properties become available. This increase in supply is giving buyers more options and cooling down the frenzy that once drove those intense bidding wars. In some areas, luxury home prices are even seeing slight declines — a welcome change for buyers. While demand for luxury properties isn't disappearing, the days of skyrocketing prices and bare-bones inventory seem to be behind us, pointing to more stable 3. The luxury real estate market is becoming more globalized Market trends in Rachel Stringer, a real estate agent at Raleigh Realty, says, “Many are drawn to destinations offering better tax incentives, lower costs of living or a higher quality of life.”  “Texas is seeing steady growth, especially in cities that offer business opportunities without the tax burdens of other states. At the same time, international luxury markets are evolving. A study by 4. Luxury price growth is slowing while select markets experience corrections Luxury home prices in the U.S. continue to rise, but the pace of growth is slowing. According to Redfin, the Some markets are still seeing impressive gains, such as: However, signs of correction are emerging in select cities, like:  This suggests a potential shift in the New listings in the luxury market have surged in several key areas, giving buyers more choices and taking the pressure off prices. Providence, RI (31.5%), Miami (28.1%) and Tampa, FL (27.6%) saw the biggest jumps in new luxury home listings.  Meanwhile, the pace of sales varies dramatically — on average, luxury homes in Seattle sold in just six days, while Miami's high-end properties lingered for 114 days. These luxury real estate market trends highlight how the high-end housing sector is evolving, with some cities still seeing rapid growth while others are cooling down or making slight adjustments. 5. Cash is king, but financing is gaining traction in the luxury market While cash has traditionally dominated luxury real estate transactions, financing is making a comeback as interest rates begin to descend.  Though interest rates remain higher than pre-pandemic levels, their gradual decline opens financing options for luxury buyers. Many wealthy individuals still prefer cash purchases to avoid borrowing costs, but others are dipping their toes back into the mortgage market as rates become more attractive. Beyond traditional mortgages, savvy buyers are getting creative with margin loans, stock portfolio loans and private banking credit lines to fund their purchases. Cash remains a powerful advantage in competitive markets where bidding wars still happen.  However, as borrowing costs continue to fall, experts predict more luxury buyers will incorporate financing into their strategies. This shift reflects a broader normalization in the 6. Luxury buyers are adapting to evolving interest rates With This hesitation creates a more balanced market, forcing sellers to adjust their expectations. As overpriced homes sit longer, buyers are holding out for better deals, potentially leading to win-win negotiations for both parties. Despite the challenging economic environment, cash-rich buyers remain active in the Dahlia Fox, a real estate agent with The luxury real estate market in 2025 is likely to see more price adjustments as everyone adapts to the new financial reality. 7. Luxury second-home market and co-ownership is booming Even with economic challenges, the demand for luxury Real estate expert and Platforms like Pacaso, where families can purchase fractional ownership of a luxury home with maintenance handled, are gaining popularity. This trend in the luxury home market makes owning that 8. Investors are expanding their portfolios with high-end real estate Despite economic shifts, luxury real estate remains a stable and attractive asset. Investors are particularly eyeing Thomas Franklin, Founder and CEO at This shift toward managed asset pools lets investors spread their capital across multiple luxury properties, enjoying both flexibility and access to global markets while minimizing risk — a trend that's reshaping luxury real estate market trends in 2025. 9. Smart homes are becoming essential rather than a luxury feature According to Rachel Stringer, "Technology is built into every part of high-end real estate now. Homes that aren't equipped with automation, security and seamless integration of smart features feel outdated before they even hit the market."  With AI, IoT and big data working together, these smart systems are completely transforming how luxury homes operate, delivering next-level comfort and efficiency that today's discerning buyers demand. These luxury home trends are rapidly becoming the new standard rather than exceptional features. 10. Luxury buyers are prioritizing sustainability Sustainability is becoming a top priority for luxury buyers in 2025, with a growing emphasis on energy efficiency, eco-friendly materials and green spaces. As climate awareness rises and government regulations tighten, we're seeing a notable shift toward sustainable Rachel Stringer puts it perfectly: "The conversation about sustainability has also shifted. It's not about marketing a home as eco-friendly for show — it's about efficiency. Solar panels, energy storage, water recycling and passive design are becoming standard because they lower long-term costs and increase self-sufficiency."  Investing in green properties with 11. Luxury home buyers are prioritizing resiliency features Luxury home buyers are increasingly looking for properties that can weather natural disasters — literally. In regions prone to hurricanes, wildfires and flooding — like California, New Orleans and Florida — buyers want more than just beautiful homes. They want properties with features that ensure their investments remain safe and functional no matter what Mother Nature throws their way. These features include: Nathan Mathews, CEO of 12. Gen-X and Millennials will influence the market Millennials and Gen-Xers are reshaping the luxury real estate market. Affluent millennials gravitate toward homes featuring cutting-edge technology, sustainability and energy efficiency, viewing real estate as a lifestyle statement and a financial investment. Their preference for urban properties or resort homes with income potential drives demand for smart, sustainable luxury properties across the market. Gen X buyers, now in their prime earning years, are focusing on long-term asset diversification. With wealth inherited from baby boomers, they're seeking homes with premium amenities, enduring value and stability for future generations. As  Rachel Stringer notes, "Millennials and Gen X prioritize functionality, privacy and convenience. They want spaces designed for how they actually live — integrated wellness features, easy-to-maintain outdoor areas and turnkey properties." These generations are significantly influencing luxury real estate trends with their distinct preferences and priorities. Luxury real estate made easy with Pacaso The luxury real estate market is always evolving, and 2025 promises to bring new opportunities and challenges for prospective buyers. Whether you're looking for a primary residence or a To stay ahead of the latest luxury real estate market trends and discover exclusive high-end listings, Pacaso can help you cross the finish line on your vacation home ownership journey (or even help you figure out how to

Jackson, Wyoming is rugged and wild, brimming with old Western nostalgia and timeless glamour. Nestled in the greater Jackson Hole Valley, this charming mountain town is home to renowned ski resorts, epic mountain views, and a ton of Western flair, all on the doorstep of Grand Teton National Park. Here, long summer days are made for exploring with endless mountain trails to wander and mouthwatering dining to enjoy. One visit to this ruggedly beautiful town simply isn’t enough. But if you only have a weekend, here’s how to experience the best of Jackson, plus a few hidden gems and local favorites, in just three unforgettable days. 3:00 p.m. | Explore Jackson Town Square After settling in, stretch your legs with a walk around Jackson Town Square, the heart and soul of the community, framed by massive elk antler arches at each corner. Pop into local shops selling everything from vintage Western trinkets to handmade jewelry and stylish homewares. 4:00 p.m. | Tapas and tannins Once you’ve worked up an appetite, head to 5:30 p.m. | Jackson Hole Shootout Before dinner, catch the 7:00 p.m. | Dinner at The Wort Head to the 10:00 p.m. | Nightlife in the Wild West If you’re still up for more, make your way to the   9:00 a.m. | Jackson Hole Farmers Market Ease into your morning with a relaxed stroll through the 10:00 a.m. | Coffee and breakfast After the market, head to 11:30 a.m. | Ride the aerial tram Head to Teton Village and ride the At the top, grab a famous gourmet waffle at 2:00 p.m. | National Museum of Wildlife Art On your way back into town, consider a quick detour to the 5:30 p.m. | Early dinner in town After a day of adventure and exploring, settle in for dinner at 7:00 p.m. | Moo’s Gourmet Ice Cream Be sure to save room for this fan-favorite ice cream shop. Swing by for a scoop after dinner and don’t forget to try the legendary wild huckleberry flavor. 7:30 p.m. | Jackson Hole Rodeo If you want the true Jackson experience, there’s no better place to find it than the 6:30 a.m. | Wildlife Safari in Grand Teton National Park Wake up bright and early for a one-of-a-kind 12:00 p.m. | Brunch After your safari, make your way to 2:00 p.m. | Last looks and leisure time Back in town, take one last stroll through Jackson’s shops, including Gaslight Alley, a nook that houses locally owned shops including the popular MADE, which features handmade items from American artists. Take a seat on a patio for a refreshing drink as you bid Jackson a fond farewell for now. See the complete collection of

Fall is more than pumpkin spice and Halloween. It’s a season of nature and community, full of festivals and experiences that make it the perfect time to get out and explore. Grab your coziest sweater, admire the golden leaves, and savor the season like apple pie fresh from the oven. Here are some of our favorite fall destinations, each offering a calendar of fun-filled seasonal events. With crisp mountain air, fewer crowds, and golden aspens lining the trails, fall in Lake Tahoe has a special energy. Seasonal events, traditional celebrations, and family-friendly festivals bring the region to life in between peak seasons. Fall on Kiawah Island is marked by Southern traditions, family-friendly festivals, and music-filled gatherings that celebrate the season in true Low-country style. Golden aspens replace the evergreens and crisp mountain air fills the valleys. Autumn in Vail brings festivals and outdoor traditions that make the season feel truly special. Autumn in Paris brings crisp air, golden leaves along the Seine, and a series of cultural and culinary celebrations. The city’s historic streets and squares host festivals that delight the senses and immerse visitors in French tradition. Autumn is harvest season in Napa, and the most magical time to visit. The vines and rolling hills turn brilliant shades of orange, green, and gold, and clusters of ripe grapes adorn the vines. The season is marked by numerous events celebrating the harvest.  To explore Pacaso homes in these destinations and beyond,

Fall is that magical season between summer sunshine and winter festivities, when crisp air and colorful foliage transform the landscape. From golden aspens in the west to fiery red maple trees in the east, there’s no shortage of opportunities to soak in the beauty of this cozy time of year. Here are some of our favorite “leaf peeping” destinations. Late September through early October is when Mount Rainier National Park bursts into autumn color. Fiery red huckleberry meadows and golden forests contrast beautifully with the park’s snow-capped peaks, creating a dramatic landscape. Scenic trails at Paradise and Sunrise offer breathtaking overlooks, while quiet forest paths provide a peaceful way to immerse yourself in the season. With fewer crowds than many popular foliage destinations, Mount Rainier offers a serene and awe-inspiring fall experience. In mid-to late October, Late September to early October is when Famous for its shimmering aspen groves, This rugged mountain destination kicks off fall early, with leaves beginning to turn in early September. Across Grand Teton National Park, the trees shift into brilliant shades of yellow, creating a vivid backdrop for scenic drives, wildlife viewing, and mountain biking on trails lined with autumn color. With fewer crowds than many East Coast counterparts, From late September through late October, the rolling hills and rivers of upstate New York transform into sweeping vistas framed by fiery maples and oaks. The region is known for its vibrant reds, yellows, oranges, golds, and even purples, creating a bold palette that feels almost otherworldly. Visitors can take in the scenery along the Hudson River rail line or tour local wineries to experience the magic of harvest season. Mid-October in the Berkshires marks the pinnacle of fall, showcasing classic New England charm with foliage in shades of red, orange, and gold. Lofty peaks and winding river valleys provide breathtaking vistas of the autumn landscape, while pumpkin patches, crisp air, and harvest festivals add a cozy, quintessential seasonal touch. Scenic drives along the Mohawk Trail, views from Mount Greylock, and stops at local festivals make the Berkshires a must-visit destination for fall foliage lovers.

Luxury homes in Fort Lauderdale, Florida on the water Water shapes daily life in Fort Lauderdale. Known as the Venice of America, the city’s 300-plus miles of navigable canals connect luxury homes in Fort Lauderdale, Florida directly to the Intracoastal and ocean, supporting a community of luxury waterfront homes and creating a lifestyle built around boating, For owners who value both a boat-ready lifestyle and design-forward living, Top neighborhoods for boaters Harbor Beach, Las Olas Isles, Seven Isles, and Rio Vista anchor Fort Lauderdale’s most coveted canal addresses for luxury waterfront homes. These enclaves are known for deep-water dockage, elegant architecture, and fast access to the Intracoastal. Seven Isles alone comprises 315 households, and the broader city’s boating culture peaks during the Living close to Las Olas Boulevard A yachting day in the Venice of America Start with a morning cruise along the Intracoastal, then stop at Pier Sixty-Six for provisioning or to meet friends. Its marina offers 5,000 linear feet of dockage and can host yachts up to 400 feet. Return via the Riverwalk for a waterside stroll, or head to Las Olas Boulevard for dinner. If timing aligns, plan a visit around the Fort Lauderdale International Boat Show to see the latest in superyachts and marine innovation. Why co-ownership fits waterfront living Pacaso co-ownership gives you access to luxury homes in Fort Lauderdale without the full burden of sole ownership. You own the time you plan to use in a high-end, professionally designed home, and enjoy a streamlined way to spend more days on the water and fewer days dealing with logistics. Start your Fort Lauderdale search Ready to make the yachting lifestyle your norm in luxury homes in Fort Lauderdale, Florida? Explore current Pacaso listings in

Thing to do in Santa Barbara during harvest season September and October bring an energy that makes planning things to do in Santa Barbara effortless. The coast hums with events while Santa Ynez wine country moves into crush, creating a rare chance to pair oceanfront mornings with vineyard afternoons. Expect marquee festivals, by-appointment tastings, and guided tours that open doors to top producers. With a dedicated base in Santa Barbara or Montecito, you can transition from harbor views to hillside tastings in a single day, then return to private spaces for quiet evenings with your latest finds. What to expect during harvest weekends Harvest weekends balance celebration and access for things to do in Santa Barbara. Here are the highlights to help you curate your schedule: Santa Barbara during harvest season Build your day around the coast-to-vineyard rhythm and focus on high-touch experiences that feel personal and unhurried: Montecito places you minutes from the shoreline and within an easy drive to Santa Ynez wine country, ideal for relaxed harvest weekends. From Montecito, the Los Olivos District AVA is an easy day trip: it spans 22,820 acres and includes 47 vineyards and 12 wineries. It is easy to mix intimate estate settings with standout whites and reds before returning to Where to stay for effortless access to Santa Ynez A second home in Santa Barbara or Montecito creates a dependable base for repeat harvest trips. You keep your own kitchen for effortless pairings, outdoor dining for post-event evenings, and ample space to store and share new bottles with friends. Co-ownership with Pacaso brings the coastal lifestyle together with wine country access, so favorite tastings and festivals are part of your annual rhythm. Your list of things to do in Santa Barbara grows with each visit. Local tips for an easy harvest itinerary A few practical insights help you maximize time during peak season: Why a second home changes the harvest experience Owning in Santa Barbara streamlines harvest season. Your calendar is open for spontaneous tastings, you return to the same home between events, and you can host friends without relying on last minute bookings. Co-ownership with Pacaso means thoughtfully designed spaces and a consistent base for every crush, from first pour to final sunset. Ready to make harvest season a tradition from your own coastal base. Explore our

San Diego County is home to some of Southern California’s most sought-after communities, each with its own distinct character and lifestyle. With sun-drenched beaches, delectable dining, and laid-back luxury, this coastal region captures the essence of California living. Explore three of San Diego’s most coveted neighborhoods and discover which one feels most like home. Synonymous with prestige and sophistication, La Jolla is defined by its dramatic oceanfront cliffs, panoramic views, and world-class dining. Home to some of the most exclusive properties in California, La Jolla blends privacy, elegance, and outdoor leisure. Featured homes: Tucked along Mission Bay, Crown Point offers a serene waterfront lifestyle ideal for sailing, paddleboarding, and sunset strolls. This exclusive enclave boasts a calm setting and central location, with a perfect balance of privacy and urban accessibility. Residential and private in feel, yet minutes from La Jolla and downtown San Diego. Featured home: A perfect fusion of beach-town charm and upscale living, Encinitas captivates with its endless beaches, boutique shopping, acclaimed dining, and a strong sense of community. Known for its understated luxury and emphasis on wellness and recreation, it’s a destination for homeowners seeking both sophistication in a relaxed coastal town. Featured home:

Effortless living in Southern California If living in Southern California is your goal, a week based in Newport Beach puts you within easy reach of Orange County’s art, surf and shopping, plus San Diego’s culture and coastline. The region’s sunny, mild weather makes outdoor time a given, and the 85 mile drive from Newport Beach to San Diego keeps day trips simple. Set your home base, then build in Duffy cruises, gallery hopping and oceanfront dinners with room to spare for spontaneous detours, all among the things to do in Southern California. Your coastal home base in Newport Beach Newport Beach blends an easy harbor lifestyle with upscale shopping and dining. Spend a morning along the Balboa Peninsula, take a spin on a From your home base at Orange County days art, surf, and shopping Explore Laguna Beach’s gallery row and Down the coast to San Diego culture and coastline Plan a La Jolla morning by the coves and an afternoon in San Diego highlights to build into your plan: How living in Southern California feels effortless Pacaso co ownership aligns with how you use a second home here, and supports living in Southern California part time. Own a true real estate interest in a high end home in a prime neighborhood, then simply arrive to a well prepared space on your dedicated stays. That means more time on the water and at dinner, and less time coordinating upkeep. Why a Pacaso base works for this itinerary: Make this coast your second home rhythm Ready to shape your version of living in Southern California. Explore Pacaso homes across

Luxury golf course homes in San Diego and Fort Lauderdale Coastal golf trips are better when your base is as remarkable as the fairways you play. With luxury golf course homes in San Diego and Fort Lauderdale, you can step from ocean air to first tee in minutes, unwind in designer spaces after the round, and return often without the friction of traditional second-home ownership. Pacaso co-ownership pairs prime locations with professional management so your time is focused on golf, not logistics. San Diego golf at its best San Diego blends cliffside drama with polished club experiences across several top golf courses. Cliffside fairways and ocean breezes define San Diego’s golf rhythm, where pre-round practice can be followed by beach walks and dinner in La Jolla or Del Mar. Fort Lauderdale fairways by the water In Fort Lauderdale, golf pairs naturally with yachting and beachfront dining. Courses in and around the city offer classic parkland routing, palms framing fairways, and quick access to the Intracoastal for a different kind of sunset cruise after your round. As a Pacaso home, Why co-ownership fits a golfers calendar Pacaso’s co-ownership model is designed for frequent, purposeful travel. Owners enjoy turnkey, professionally designed luxury golf course homes in prime golf locations, with management that handles day-to-day care so you arrive to a ready home and focus on your tee sheet. Explore Pacaso’s Planning a seamless, upscale golf vacation Balance marquee tee times with time to unwind. A little strategy goes a long way when booking rounds at top golf courses and organizing off-course dining and wellness routines. Find your coastal golf base with Pacaso Ready to anchor your golf travel with a refined home by the coast? Browse Pacaso homes in

Napa vs Sonoma in autumn at a glance Planning an autumn wine weekend often starts with the Napa vs Sonoma question. Both deliver outstanding harvest energy, but the feel is distinct. Napa Valley leans polished, with architecturally striking estates and elevated tasting formats, while Sonoma is more relaxed, emphasizing family-owned vineyards and variety. There is depth to explore in each region, and with hundreds of wineries across both valleys, you can shape a weekend that fits your pace and palate. Peak harvest and fall colors Harvest season runs from early September through mid November, bringing grape stomps, harvest dinners, and limited bottling previews. For a Napa vs Sonoma autumn, plan late October through November in Napa, when vineyards turn gold and crimson, and early October through mid November in Sonoma for vibrant yellows and reds. Scenic drives amplify the show. The Beyond tastings, both regions offer memorable vantage points on the season. In Napa, the 47 mile Napa harvest weekend highlights A Napa fall weekend often centers on curated tastings and striking vineyard architecture along the Silverado Trail. Expect library pours, chef led pairings, and cellar experiences that showcase structure and age worthiness. For a change of pace, the Settle into a private base near St. Helena to keep tastings and dinners within easy reach. If vineyard proximity is a top priority, a wine country Pacaso like Sonoma harvest weekend highlights In Sonoma, variety is the headline. Microclimates across the valley and into the hills create range, from cool climate Chardonnay and Pinot to bolder reds. Drive Searching for a Sonoma escape? Sample two-day itinerary for Napa Sample two-day itinerary for Sonoma Napa vs Sonoma which wine weekend suits you When choosing Napa or Sonoma for a fall adventure, choose Napa if you value architectural showpieces, structured Cabernet focused programs, and a polished pace. Choose Sonoma if variety, unhurried drives, and more casual tasting rooms fit your style. If you want things to do in Sonoma beyond tasting rooms, lean into hikes, the garden, and time around the Plaza. Both deliver fall color, memorable bottles, and top tier dining within short drives. Pros and cons for Napa Pros and cons for Sonoma Own your wine country base with Pacaso If harvest is your season, a Pacaso home lets you arrive to a turnkey, professionally designed space in your favorite valley. Choose an address near favorite tasting corridors and make fall weekends easy to repeat. Explore available co owned homes in

T Charleston in late October blends candlelit history, cobblestone streets and sea breezes. If you are mapping things to do in Charleston for a festive weekend, think ghost walks through grand townhomes, a table by the harbor for oysters, and ticketed events that bring the citys past to life. With Halloween in Charleston as your backdrop, the experience feels immersive, and returning to your Pacaso after a night out is the final touch. Historic tours after dark in the district The Charleston Historic District is an ideal setting for night tours, from guided ghost walks to Between a ghost walk and a nightcap, pause at Waterfront Park for a quiet moment by the Pineapple Fountain. The harbor glow and the rhythm of waves complement the stories you will hear on tour. Waterfront dining with a fall breeze Autumn is prime time for a harbor-view table. Seafood-driven spots such as After dinner and a ghost walk, settle into your co-owned retreat. Curated Halloween events to book early Tickets and reservations shape a smooth weekend. Consider these highlights for a spirited schedule: Light fades over the Ravenel as the city shifts from daytime tours to ticketed night events. Plan your route with extra time for photos and short walks between venues. A day to night itinerary for Charleston Use this flexible outline to capture the season's best things to do in Charleston, then tailor it to your group and pace. For an oceanfront rhythm to balance downtown energy, owning at If a Lowcountry porch is your seasonal signature, Why a Pacaso home fits the season Halloween in Charleston rewards unhurried time. Co-ownership gives you a consistent home base for repeat weekends, so you can plan premium tours, secure prime dinner slots, and host friends with ease. With a Pacaso nearby, it is simple to pivot between downtown festivities and quiet coastal mornings. Set your weekend in motion Ready to turn this outline into a standing tradition? Explore current homes in