The Pacaso blog

If you're considering flexible travel to different resort communities, However, Pacaso The comparison to What is Pacaso? The Pacaso second home ownership model is a revolutionary way to buy, own and Pacaso owners enjoy all the benefits of second home ownership without the hassle of maintenance, scheduling or resale. All of our homes are professionally designed, fully furnished and impeccably maintained, offering a consistent and luxurious experience every time.  Qualifying buyers can also take advantage of competitive What is a timeshare? A Timeshares are often sold through high-pressure sales meetings and have drawbacks, such as difficulty in reselling and exposure to scams.Timeshare owners also have little to no control over the underlying asset — they cannot replace management, and costs are not as transparent. Pacaso vs. timeshare: 5 key differences If you are looking for a way to own a luxury vacation home in a desirable location, you might be wondering about the differences between a Both options allow you to share the cost and use of a vacation property with others, but there are some key distinctions that make Pacaso a better alternative for many buyers. Here are five reasons to consider LLC co-ownership of a second home. 1. Each Pacaso listing is a one-of-a-kind second home Not just any home can be a Pacaso home. We seek out the best homes in the best locations — each one is different, and all have plenty of wow factor. Then our professional interior designers A Pacaso home is a luxurious home away from home. A timeshare is almost always a unit at a hotel or condo complex. Think cookie-cutter floor plans and typical hotel-style furniture. 2. A small group of co-owners enjoy the home Because we limit the number of shares per home to eight, you and (at most) seven other owners will have access to the home. (Only one owner will occupy the home at a time, of course.)  Plus, Pacaso homes are reserved for the exclusive use of owners and their guests — rentals aren’t permitted. We vet potential owners who agree to a common sense code of conduct to ensure they will treat the home as their own — because it is! Plus, you won’t feel like you’re “sharing” your home. We conduct a thorough inspection and cleaning after each stay so your home is pristine when you arrive.   A 3. You own real estate, not time With Pacaso, you own a real estate asset, not simply a block of time. Each owner holds their interest in an LLC that holds title to the home. That's real ownership, with the governance rights, transferability, and equity exposure that come with it. And because it's a real estate asset, its value will move with the market. With timeshares, you typically own the right to use the property for a period of time, not the property itself. There are no points systems, no resort affiliations, and no sprawling fee structures unconnected to the actual costs of running that specific home. Financing is offered through the timeshare company, often at a high interest rate, and some buyers secure funds through a personal loan or home equity loan. Since even the best timeshare property does not function like a real estate asset, you are likely to see the value depreciate, much like a new car begins to lose value once it’s driven off the lot. 4. You can use your home year-round Pacaso’s When you purchase a timeshare, you’re often locked into a fixed week or block of time, year after year. You may have a “floating week” option, but your choices may still be restricted to certain unit configurations or seasons. With either option, you can only check in on certain days, and you typically must book a full week.  There are exchanges and point-based systems that allow you to choose different resorts, but you’ll often pay extra for more desirable locations, and availability can be limited. If you have a fixed-week schedule, you may never get a particular holiday week if another owner already locked it in. 5. The resale process is streamlined You set the price you want for your Owners can list their shares directly through Pacaso's marketplace, where we provide pricing guidance based on current market conditions. Ultimately, each owner sets their own price, similar to a traditional real estate transaction. Pacaso acts as the listing agent, supporting the process and connecting sellers with qualified buyers. Owners also have the option to work with a third-party real estate agent if they prefer. Pacaso is the expert in co-ownership. We know these assets inside and out, from the scheduling and property history to the operating structure, and we process the sale on our own documents. That positions us better than anyone to facilitate the resale of shares in these homes effectively and efficiently for all parties. To ensure transparency, Pacaso maintains separate representation on the listing side and the buy side of every transaction. Our operating agreements make the structure of that relationship clear from the outset, and owners are always free to engage their own independent legal or financial counsel. We encourage them to do so. If any owner has a specific concern about a potential conflict of interest, we would absolutely engage with them on it directly. When multiple shares in the same home are listed, pricing can vary by owner. Buyers have full transparency into all available shares and can choose based on price or preferred calendar availability. As a result, outcomes are driven by a combination of pricing, timing, and buyer demand. Because our homes are thoughtfully selected and located in some of the most desirable second home markets, we've experienced strong buyer demand. By contrast, selling a timeshare can be extremely difficult, with an entire industry of timeshare exit companies charging fees to help owners exit. Pick the right choice for you Keeping your second home goals in mind while comparing Pacaso vs. timeshare opportunities can help you find exactly what you’re looking for. If you’re specifically looking for a luxury getaway and a place to make memories together with your family, browse through our

An LLC operating agreement is a legal document that sets the rules for your business and protects its members. While not always required by law, it outlines ownership, management, and day-to-day operations, helping prevent disputes over finances or leadership. Here’s a closer look at the main components of an LLC operating agreement and why it matters for home co-ownership.  What an LLC operating agreement typically includes You may decide to create an LLC operating agreement if you’re starting a business or adding partners to your existing business. An LLC operating agreement template lays out the specific roles, financial terms and responsibilities of each owner, making terms clear.  Here’s what is most often included in this type of business agreement: 1. Basic company information An operating agreement should start with the basic details of your LLC. These key pieces of information establish your business's legal identity and create a clear record for all members. The following details should be included in an operating agreement:  This establishes the legal foundation of your LLC operating agreement and eliminates confusion down the line.  2. Ownership structure This part of the agreement clearly states who owns the company and what percentage each individual owns. It’s important to list each owner's full name correctly so there’s no ambiguity down the line. This section may also document services, cash contributions or properties an owner contributed. This section determines how voting power is determined and how profits are divided.  3. Management structure The management structure section of a business’s operating agreement determines who is responsible for what. It’s important that this section clarifies whether the company is manager-managed or member-managed.  A manager-managed LLC involves an individual or group of people who may or may not own a portion of the company and are appointed as the primary decision-makers. Member-managed designation means that all owners are equal managers of the business. This clarifies who makes decisions in advance, especially essential for a 4. Monetary contributions and distributions An LLC's operating agreement should clearly state what its members contributed to the company upon its formation. This includes initial cash or service investments. This section also states what members are expected to contribute in the future. It also lays out how profits and losses will be distributed to its members, which usually aligns with one’s ownership percentage.  5. Meetings and voting rules In a 6. Member changes If someone wants to leave an LLC, it’s important to have terms in place. This portion of an LLC operating agreement outlines the protocol for transferring ownership. You can decide how the departing member receives their payout and lay down terms in the case of a sudden divorce, bankruptcy or death.  7. Dissolution terms If your business closes, the LLC partnership agreement must outline the next steps, including how to pay remaining debts and how to distribute assets. It should also detail how the members agree to dissolve the company, for example, via a member vote, legal filing or the sale of the business.   8. Agreement amendments Changes may be necessary over time, so it’s important to establish who has the authority to make amendments well in advance. This section of an operating LLC agreement determines who has the authority to propose changes and how they are voted on. It also outlines how to document and sign off on said changes.  LLC operating agreement template  One of the best ways to understand what an LLC operating agreement entails is to take a look at one. The operating agreement example is a simple starting point that you can tailor to your business’s unique needs.  How Pacaso’s LLC operating agreement works Pacaso’s LLC operating agreement includes specifics around management, operation and voting procedures. These specifics will govern how the co-owners interact with each other. Remember that each Pacaso is co-owned by shares: Ownership percentages differ for each Pacaso, and you can own from ⅛ to ½ of a home. This is different from conventional joint tenancy, which From reservation to closing Once you reserve your share and pay the deposit for your Pacaso, you are introduced to the operating agreement and ACH form for monthly operating expenses. You also receive the house policy, program manager agreement, inspection report and seller disclosures.  Prior to closing, we review your closing statement and wire instructions for sending the remaining funds. Finally, we confirm all documents are signed and verify your first stay date. Voting rights and member decisions One of the most important elements of the operating agreement is member voting. Each Pacaso share gets a vote. This might come up if one member wants to make a material change to the property, which requires an ownership vote.  Pacaso is here to help with your vacation home co-ownership LLC operating agreement If you’re ready to explore second-home co-ownership,

Thinking about a second home, but hesitating because of the math, the upkeep, and the “is co-ownership worth it?” questions?  With fluctuating interest rates, rising insurance and maintenance costs, and the general hassle of owning a property far from your primary residence, The catch is that a lot of people are still evaluating co-ownership through old, misleading mental models: random strangers, timeshare rules, rigid weeks, complicated logistics, and messy exits. That’s not how modern co-ownership works, and it’s definitely not Myth #1: “Co-ownership means sharing your homes with random people.” This isn’t an open-door situation; it’s a limited set of co-owners who each have a real stake in the property. And because everyone owns, the incentives are aligned: owners treat the home like an asset and a retreat, not a revolving rental. Want to see what that looks like in real life? Myth #2: “This is basically a nice timeshare.” You’re not buying points, you’re not locked into a resort system, and you’re not subject to opaque exchange rules. It’s a straightforward ownership structure designed to make second-home ownership more attainable and more usable. Myth #3: “You’re stuck with fixed weeks every year.” Pacaso is built for real life — plans change, calendars shift, and flexibility matters. Owners use our proprietary Myth #4: “Home management sounds difficult with multiple owners.” You show up to a well-kept, ready-to-enjoy home. When you leave, you’re not stuck coordinating vendors, troubleshooting issues, or worrying about whether the place is being cared for properly. Myth #5: “Co-ownership can be messy. What happens when someone wants out?” So, is Pacaso worth it? How Pacaso simplifies co-ownership Pacaso owners get the second-home lifestyle without the traditional second-home hassle. Instead of “booking weeks” or rolling the dice on vacation rentals, they build real ownership in a luxury home, alongside a small group of co-owners and a scheduling system designed for flexibility. Unlike If you want a place that feels like yours (because it is), with the freedom to use it throughout the year and the confidence that everything is taken care of, co-ownership through Pacaso is the easiest path. If you’re ready to take the smarter path to second-home ownership,

Owning a second home doesn’t have to mean taking on the full cost, responsibility, or time commitment alone. Understanding how co-ownership works can help you decide whether it’s the right path for your lifestyle and financial goals. How does co-ownership of a home work? Choosing co-ownership means entering into a shared legal and financial arrangement where each party has In a typical co-ownership agreement, each person purchases a percentage of the home, often ranging from one-eighth to one-half. Ownership shares not only determine your equity in the property but also your access to the home. Scheduling is agreed upon in advance to ensure fair use among all co-owners. Some co-owners manage the property themselves, while others rely on professional services. Regardless of the approach, all shared costs—mortgage, taxes, insurance, and maintenance—are divided proportionally according to each owner’s share. Clear agreements are essential to outline responsibilities, decision-making processes, and procedures for selling ownership stakes. What are different types of co-ownership? There are several ways to structure shared ownership: Each structure has its nuances, but all types of co-ownership share the common goal of making luxury homeownership more accessible and manageable Why is co-ownership growing in popularity? The concept of co-owning a home has become increasingly popular as buyers seek more affordable ways to access luxury real estate. By sharing expenses, you can enjoy Professional management companies or fully managed models like Pacaso, also make the process easier by handling maintenance, scheduling, and day-to-day operations, allowing owners to focus on making memories rather than managing logistics What are the pros and cons of co-ownership? Co-owning a home offers several benefits: However, co-ownership can also present challenges, especially in DIY arrangements: Clear agreements, defined processes, and strong communication are essential to minimizing these challenges and ensuring a successful co-ownership experience. What’s needed to start a co-ownership agreement? To start a co-ownership agreement, it’s essential to establish: Having these elements in place from the beginning helps prevent conflicts and ensures a smoother experience for all parties involved. Who should I co-own a home with? Co-ownership works best with people you trust and have compatible schedules and financial goals. Family members, close friends, or even professional co-ownership programs like Pacaso can be ideal partners. The key is choosing co-owners who value transparency, communication, and shared responsibility. How does a co-ownership mortgage work? Co-ownership  mortgage arrangements vary depending on the lender and the co-ownership structure. Some buyers share a single loan, while others may finance their portion individually. Mortgage payments, property taxes, and insurance are divided according to ownership shares, ensuring that each owner contributes fairly. Having a clear understanding of financing options and responsibilities upfront is essential to successfully co-own a home. How do you sell a co-owned property? Selling a co-owned property depends on the agreement in place. Often, an owner can sell their share individually, with existing co-owners given the first opportunity to buy it. Fully managed models like Pacaso can facilitate the How to co-own a home successfully What are tips for co-buying a house? Successful co-ownership starts with choosing the right partners and establishing clear agreements. Other helpful tips include: How do I get started with co-buying a house? How does Pacaso co-ownership work? With Pacaso, co-ownership means less time managing your home and more time making memories with those you cherish most.

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 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

Understanding short-term rentals You’ve likely come across vacation home listings on Over the last decade, short-term rentals have grown immensely in popularity. Brands like Homeowners are drawn to short-term rentals for their income potential, flexibility, marketing automation, and tax benefits. Unlike long-term rentals, these properties can also serve as personal retreats. Seasonal demand may affect availability, and during peak periods, owners might need to adjust personal use. Additionally, keeping a property guest-ready requires attention to cleaning, coordination, and maintenance. How do short-term rentals work? Many people who Short-term rentals typically accommodate stays ranging from a few nights to several weeks, and in some cases, up to a month. Properties rented for longer than six months are usually considered long-term rentals, while anything shorter generally falls under the short-term category. Local regulations ultimately define what qualifies as a short-term rental in each area. When comparing a vacation home vs. short-term rental, the distinction is clear: a vacation home is primarily for personal enjoyment, while a short-term rental is managed as an income-generating investment. Understanding this difference helps potential owners make informed decisions about property use, financial planning, and regulatory compliance. What is considered a short-term rental in each state? Local restrictions are a critical factor for anyone considering What qualifies as a short-term rental by state? 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. What are the different types of short-term rentals? Short-term rentals generally fall into three main categories: entire homes, accessory dwelling units (ADUs) and individual rooms. The type of property you list can influence how you operate your vacation rental business, including tax obligations and zoning requirements, so accurate categorization is essential. Entire homes Airbnb and Accessory dwellings Also called in-law suites, ADUs are often detached studios on the same property as the primary residence. They typically include an en-suite bathroom, comfortable furnishings, and sometimes a private entrance — perfect for guests looking for a cozy, independent space. Individual rooms Some jurisdictions allow homeowners to rent out a room in their primary residence as a short-term rental. The room can accommodate one or more guests and sometimes offer access to shared spaces like a kitchen or yard. Like ADUs, some private rooms can include separate entrances for added privacy. Short-term rental vs. long-term rental: what’s the difference? 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, What should I consider before investing in short-term rentals? Investing in a short-term rental can be a lucrative opportunity, but it comes with responsibilities that go beyond simply owning a second home. There are several factors to consider before investing in a short-term rental. To operate a short-term rental, owners need to: While short-term rentals can generate income, they also demand time, effort, and organization. If your priority is relaxation rather than running a business, Should I buy, co-own, or rent a vacation home? Short-term rental: Buying a whole second home: Co-owning a vacation home: Which option works best depends on… How does Pacaso compare with luxury short-term rentals? Instead of renting a vacation home night by night, Pacaso offers co‑ownership — a way to enjoy a luxury second home while also building equity. Why Pacaso stands out Compared with other vacation home options, Short-term rentals provide flexibility and variety, but they come with unpredictability: changing hosts, inconsistent quality, and no long-term return. Pacaso combines privacy, stability, and a true “home away from home” experience, letting you enjoy the perks of luxury second-home ownership without the full-time operational responsibilities. Co-owning a luxury second home has never been easier. Unlike vacation rentals,

Ownership interest is the legal stake you hold in a property. It defines what you own, how you use the home and your rights to its value. For Below, we explain what ownership interest means, the rights and responsibilities it includes and how Pacaso structures co-ownership to make owning a luxury second home simple. What does ownership interest mean?  Ownership interest denotes the legal rights an individual or entity possesses in a property, whether it's real estate, a business or other asset.  This interest represents the stake a person has in the property, including their percentage ownership interest, which defines how much of the property they legally own. In practice, ownership interest determines how co-owners divide ownership, make decisions, and share responsibilities, as well as the rights and benefits each owner receives. Ownership interest is different from security interest, which is what your mortgage lender holds. Security interest means that a party can obtain ownership interest (or take ownership) of the property only if you fail to live up to your obligations as outlined in your mortgage contract. Unlike security interest, the ownership interest is the highest possible form of interest. What rights come with ownership interest?  No matter what Keep in mind that the type of ownership interest you hold may limit the scope of these rights. For example, if you own property through Types of ownership interest in property Ownership interest structures typically depend on the number of owners involved and the way rights are shared. What kind of ownership interest does Pacaso offer? Pacaso offers ownership in a second home through a property-specific LLC with a maximum of eight owners. You may own anywhere from ⅛ to ½ shared interest in a Pacaso home.  Your Pacaso ownership interest gives you the right to use your second home based on the amount you own. The Because your Pacaso rolls your utilities, property taxes, insurance, applicable HOA dues, and maintenance fees into your monthly operating expenses, simplifying your responsibilities as a second homeowner.  Explore your second home options with Pacaso Ready to explore second-home ownership with less hassle? Pacaso can guide you through how ownership interest works and help you find a home that fits your lifestyle.

A multi-member LLC, also known as an MMLLC, is a limited liability company (LLC) with more than one member.  Limited liability companies are one of the most popular business structures in the United States. Companies and organizations that want to add structure to their business and protect the personal assets of their owners use them. Commonly abbreviated as LLC, There are two main types of LLCs: single-member LLCs and multi-member LLCs. Single-member LLCs are used for businesses owned by a single person. Multi-member LLCs are used for businesses with two or more members. That co-ownership model is especially common in real estate, including second homes and vacation properties, where multiple people want to co-own a home without assuming personal liability, similar to the opportunities If you’ve never been part of an LLC before (especially if you’re new to multi-member LLCs), they can seem complicated. Here are the most important things you need to know. How a multi-member LLC works Multi-member LLCs operate similarly to single-member LLCs, but with two or more owners, known as members. Each member owns a percentage of the business, which determines their share of profits and losses. Like single-member LLCs, MMLLCs grant limited personal liability to their members. This means members' assets are generally protected if the business faces debt or legal action.  Day-to-day operations depend on the MMLLC’s structure, as outlined in the operating agreement. In a member-managed LLC, all members participate in managing the business. In a manager-managed LLC, the members appoint one or more managers to handle operations. These LLCs are commonly used by small businesses, family-owned companies and real estate co-ownership arrangements where multiple individuals want to share ownership without personal liability exposure. How multi-member LLCs are taxed Multi-member LLCs and single-member LLCs are taxed differently in practice, even though they both use pass-through taxation. With pass-through taxation, the business itself doesn’t pay federal income taxes; instead, profits and losses are reported on the owners’ personal tax returns rather than being taxed at the corporate level.  For multi-member LLCs, this means the IRS treats the business as a partnership by default, requiring the LLC to calculate each member’s share of income and report it using an The purpose of the Schedule K-1 is to report each partner's share of the partnership's earnings, losses, deductions and credits. In some cases, a multi-member LLC can choose to be taxed as an S corporation by filing the appropriate IRS election. That could change how income and self-employment taxes get handled, but the underlying LLC structure stays the same. Multi-member LLC vs single-member LLC The biggest differences between a single-member LLC and a multi-member LLC come down to ownership, taxes and decision-making. This quick comparison highlights what matters most when choosing between the two. Benefits of a multi-member LLC Multi-member LLCs are a common choice for shared business ventures. Family businesses, co-owned companies, married couples and individuals sharing property gravitate toward this structure because it protects all related parties from personal liability in terms of business expenses or debts. Below are some benefits of a multi-member LLC. Drawbacks of a multi-member LLC Multi-member LLCs offer flexibility and protection, but they also require more coordination and planning than single-owner structures. Shared decision-making, complex tax filings and the need for a strong operating agreement are trade-offs to consider before choosing this setup. What types of businesses use multi-member LLCs Because of their relatively easy setup and personal liability protection, multi-member LLCs are a good fit for many businesses that need shared ownership with a defined structure. They allow owners to divide responsibilities, pool resources and set custom rules for profits and decision making.  That also includes friends going into business together, colleagues forming a new offshoot business or a group of investors buying property together, such as a vacation home, boat or rental property.  Multi-member LLC examples Here are a few examples of scenarios in which a multi-member LLC might make sense.  How Pacaso makes owning a home with multiple owners easy Pacaso utilizes a multi-member LLC structure, which is already popular for co-ownership, as it offers personal asset protection and a pass-through tax setup. We handle the legal setup, management and ongoing operations for you, so co-owners don’t have to navigate the complexity themselves. If you’re considering owning a home with others, exploring how Pacaso’s model works is a simple next step. 

Investing in real estate is often a significant financial commitment, and how you structure ownership can have major implications for liability, taxes, and day-to-day management. A real estate LLC is designed to protect personal assets while giving one or more owners the ability to efficiently manage and operate the property. Whether you are a solo investor or planning to co-own a home with friends, family, or other partners, understanding how a real estate LLC works is essential before making your next move. How does a real estate LLC work? An LLC can be used as a An LLC functions as a separate legal entity. This means it can: For co-owners, the LLC simplifies decision-making, allows for structured voting or responsibilities, and ensures each member’s interests are clearly defined. It can also make adding new members or transferring ownership shares easier, without retitling the property each time. How is a real estate LLC funded? One of the advantages of LLC property ownership is its simplicity and clarity around finances. An LLC pays for real estate purchases using its own funds, which makes it clear who owns what within the entity. With Pacaso, buyers acquire Financing an LLC property is straightforward. Buyers may use: Pacaso also provides flexible financing options for qualified buyers, making it easier to participate in Who owns the property in an LLC? Ownership of the property is tied directly to the membership interests in the LLC. Each member’s stake represents a percentage of ownership, rather than owning the property directly. This structure ensures clarity, legal protection, and flexibility for all co-owners, while still allowing them to enjoy the benefits of property ownership. What are the benefits of owning real estate in an LLC? LLC property ownership offers several key advantages for investors: What are the cons of a real estate LLC? LLC property ownership offers many advantages, but there are also potential downsides to consider: How do you start a real estate LLC? Creating a real estate LLC involves several clear steps. While the process may vary slightly by state, the general approach includes: How does Pacaso LLC co-ownership work? When you purchase a share of a Pacaso home, an LLC is created to hold the property, and Pacaso fully manages the LLC on behalf of all co-owners. This means Pacaso handles the legal, financial, and administrative responsibilities so you don’t have to worry about the complexities of managing a property or an LLC yourself. Through this structure, co-owners enjoy the full benefits of property ownership: By leveraging LLCs, Pacaso makes it easier for multiple buyers to confidently invest in high-end homes, ensuring that ownership is legally secure, professionally managed, and designed to protect all participants. Fractional ownership through a Pacaso LLC allows more people to access and enjoy luxury real estate without the traditional burdens of sole ownership. And should your needs change and you decide to move on, Pacaso streamlines the process of Explore Pacaso’s

You’ve decided it’s time for a second home — a private retreat where you can escape, recharge, and make memories with loved ones. But traditional ownership can be overwhelming, with high costs, maintenance, and scheduling challenges. Short-term rentals are often impersonal, and timeshares can feel restrictive. So, how does Pacaso work? Pacaso reimagines second-home ownership through fully managed What is Pacaso? Pacaso, Each Pacaso home is held in a How does Pacaso work? Owning a second home can be expensive and stressful, with unpredictable maintenance and scheduling conflicts. Pacaso simplifies the process by combining true property ownership with Here’s how Pacaso co-ownership works at a glance: What makes Pacaso homes special? Pacaso homes are intentionally designed to feel like true retreats — not just places to stay, but places you genuinely look forward to returning to. Every detail is thoughtfully curated to deliver a consistent, high-end ownership experience across locations. Together, these elements create a second-home experience that is polished, predictable, and easy, so owners can focus on enjoying their time rather than managing the property. How do Pacaso alternatives compare? Many buyers unfamiliar with the Pacaso business model ask the same question: is Pacaso a timeshare? The short answer is no. But to fully understand how the Pacaso business model works, it helps to compare it to the most common second-home options available today. By combining true property ownership with professional management, flexible access, and financial transparency, Pacaso homes offer a modern, stress-free alternative to traditional second-home models — without the limitations of rentals or timeshares. Why is Pacaso the smart way to buy a second home? If you’re wondering, “how does Pacaso work for second home buyers?” The answer lies in its modern approach to luxury second-home ownership — one that blends the rewards of owning a vacation home with professional management, flexibility, and peace of mind. Rather than purchasing a second home on your own, Pacaso allows buyers to co-own a luxury property, sharing costs and responsibilities while still enjoying true, deeded ownership. Being a Pacaso owner is about more than just time in a house — it’s about enjoying a vacation home without the work. Owners benefit from: Owning a Pacaso share isn’t just about a property — it’s about creating a personal getaway filled with memories, comfort, and freedom.

The internet is full of sites offering options for the perfect vacation rental, whether you’re looking for an upscale hotel, an immersive cultural experience or a unique campsite. While Plum Guide offers a great look at luxury vacation options, it’s not the best fit for other types of stays. Luckily, there are plenty of Plum Guide alternatives available.  With rentals ranging from budget-friendly hotels in remote destinations to luxury options in the midst of great cities, our list of Plum Guide alternatives can help you find the perfect setting to launch your next adventure: Is Plum Guide legit? What is Plum Guide, and is it legit? In short, yes, Plum Guide is legit. It’s a high-end vacation rental platform that focuses on curated luxury homes in popular destinations around the world. Only a small percentage of homes are accepted onto the site, based on a detailed verification and vetting process.  Plum Guide is a legit company with verified listings, customer support and plenty of positive reviews on third-party review sites. That said, it’s not the best option for everyone. Due to their selectiveness, they don’t offer Plum Guide rental listings in every location. Plus, their focus on luxury homes brings a higher price point that may edge out budget travelers. Plum Guide reviews   Plum Guide reviews are generally positive, with Reviewers note that the booking process is simple, and they appreciate the support and communication throughout their stay. However, reviewers also note that the selection of units is limited (which isn’t surprising given the rigorous, competitive acceptance process). They don’t find Plum Guide cheap, which reflects the luxury focus. If you’re a budget traveler or looking for something a little more “home sweet home” than “luxury experience,” there’s something for everyone in our list of Plum Guide alternatives. 1. Airbnb Amenities can vary and stays may be paired with excursions via the app’s Airbnb experiences feature. Because amenities can vary and Airbnb doesn’t require stringent vetting or verification, there’s a risk of ending up in a rental that doesn’t quite live up to your expectations, so be sure to read reviews carefully before booking. 2. Glamping Hub While Glamping Hub is great for those who embrace the great outdoors, it isn’t quite the same as a hotel stay. You won’t always find amenities like Wi-Fi, and you may be limited to more remote areas, making city visits trickier. 3. Booking.com Another site that doesn’t require extensive vetting, 4. Tripping.com Similar to Plum Guide, Travelers can also benefit by visiting the Tripping blog where they’ll find location guides and travel advice on how to make the most out of their vacation. 5. Vrbo While you may enjoy having an entire unit to yourself, that can sometimes ratchet up the costs compared to a single hotel room. Plus, you’re beholden to the unique rules and policies set by each host, rather than a standard set of requirements. 6. Homestay The vacation site is different from other platforms because it focuses on creating meaningful connections between travelers and hosts, rather than just providing a place to sleep. This is great for those looking to make new friends and live like the locals, but may not be a fit if you simply want to get away on your own. 7. Sonder Due to Sonder’s focus on urban cityscapes, you’ll be hard-pressed to find options outside of urban areas, so this isn’t a fit if you’re hoping for an outdoorsy adventure or a trip to the countryside.  8. Vacasa With listings across 30 countries and regions, Vacasa has a variety of vacation experiences, from beachfront condos to mountain cabins and more. However, it’s not available everywhere in the world yet, and prices can fluctuate during busy seasons. 9. Tripadvisor The platform has millions of reviews and opinions from real travelers who have visited hotels, restaurants and attractions, allowing users to compare prices and book accommodations, flights, car rentals and tours from a variety of providers. If you need a one-stop shop for your entire itinerary, Tripadvisor can be a great choice. Note, though, that it’s a third-party platform so prices may be higher than going directly to the source.  10. OYO Rooms It caters to a wide array of travelers, such as couples, families, solo adventurers and young professionals, by offering various types of rooms, prices and amenities. While OYO strives to offer a generally standardized experience across its locations, it doesn’t always hit the mark, sometimes providing an inconsistent level of quality. 11. Outdoorsy 12. Onefinestay Similar to the Plum Guide, 13. HomeToGo Listings cover over 200 countries and regions, offering a wide range of destinations and accommodation types. It also provides useful information and tips for travelers, such as destination guides, travel trends and inspiration. Like other third-party platforms, prices and policies offered may differ. 14. Wimdu 15. 9flats On 16. Agoda While Agoda offers listings around the world, it does heavily skew toward Asian countries, making it a great choice for those hoping to explore Asia but perhaps less attractive to those considering other destinations. 17. Kid & Coe 18. Hipcamp 19. Pacaso Pacaso provides travelers who frequent a single destination with the opportunity to own a second home in their favorite place. The co-ownership model reduces the cost and hassle of owning a luxury second home in

If you're considering flexible travel to different resort communities, However, Pacaso The comparison to What is Pacaso? The Pacaso second home ownership model is a revolutionary way to buy, own and Pacaso owners enjoy all the benefits of second home ownership without the hassle of maintenance, scheduling or resale. All of our homes are professionally designed, fully furnished and impeccably maintained, offering a consistent and luxurious experience every time.  Qualifying buyers can also take advantage of competitive What is a timeshare? A Timeshares are often sold through high-pressure sales meetings and have drawbacks, such as difficulty in reselling and exposure to scams.Timeshare owners also have little to no control over the underlying asset — they cannot replace management, and costs are not as transparent. Pacaso vs. timeshare: 5 key differences If you are looking for a way to own a luxury vacation home in a desirable location, you might be wondering about the differences between a Both options allow you to share the cost and use of a vacation property with others, but there are some key distinctions that make Pacaso a better alternative for many buyers. Here are five reasons to consider LLC co-ownership of a second home. 1. Each Pacaso listing is a one-of-a-kind second home Not just any home can be a Pacaso home. We seek out the best homes in the best locations — each one is different, and all have plenty of wow factor. Then our professional interior designers A Pacaso home is a luxurious home away from home. A timeshare is almost always a unit at a hotel or condo complex. Think cookie-cutter floor plans and typical hotel-style furniture. 2. A small group of co-owners enjoy the home Because we limit the number of shares per home to eight, you and (at most) seven other owners will have access to the home. (Only one owner will occupy the home at a time, of course.)  Plus, Pacaso homes are reserved for the exclusive use of owners and their guests — rentals aren’t permitted. We vet potential owners who agree to a common sense code of conduct to ensure they will treat the home as their own — because it is! Plus, you won’t feel like you’re “sharing” your home. We conduct a thorough inspection and cleaning after each stay so your home is pristine when you arrive.   A 3. You own real estate, not time With Pacaso, you own a real estate asset, not simply a block of time. Each owner holds their interest in an LLC that holds title to the home. That's real ownership, with the governance rights, transferability, and equity exposure that come with it. And because it's a real estate asset, its value will move with the market. With timeshares, you typically own the right to use the property for a period of time, not the property itself. There are no points systems, no resort affiliations, and no sprawling fee structures unconnected to the actual costs of running that specific home. Financing is offered through the timeshare company, often at a high interest rate, and some buyers secure funds through a personal loan or home equity loan. Since even the best timeshare property does not function like a real estate asset, you are likely to see the value depreciate, much like a new car begins to lose value once it’s driven off the lot. 4. You can use your home year-round Pacaso’s When you purchase a timeshare, you’re often locked into a fixed week or block of time, year after year. You may have a “floating week” option, but your choices may still be restricted to certain unit configurations or seasons. With either option, you can only check in on certain days, and you typically must book a full week.  There are exchanges and point-based systems that allow you to choose different resorts, but you’ll often pay extra for more desirable locations, and availability can be limited. If you have a fixed-week schedule, you may never get a particular holiday week if another owner already locked it in. 5. The resale process is streamlined You set the price you want for your Owners can list their shares directly through Pacaso's marketplace, where we provide pricing guidance based on current market conditions. Ultimately, each owner sets their own price, similar to a traditional real estate transaction. Pacaso acts as the listing agent, supporting the process and connecting sellers with qualified buyers. Owners also have the option to work with a third-party real estate agent if they prefer. Pacaso is the expert in co-ownership. We know these assets inside and out, from the scheduling and property history to the operating structure, and we process the sale on our own documents. That positions us better than anyone to facilitate the resale of shares in these homes effectively and efficiently for all parties. To ensure transparency, Pacaso maintains separate representation on the listing side and the buy side of every transaction. Our operating agreements make the structure of that relationship clear from the outset, and owners are always free to engage their own independent legal or financial counsel. We encourage them to do so. If any owner has a specific concern about a potential conflict of interest, we would absolutely engage with them on it directly. When multiple shares in the same home are listed, pricing can vary by owner. Buyers have full transparency into all available shares and can choose based on price or preferred calendar availability. As a result, outcomes are driven by a combination of pricing, timing, and buyer demand. Because our homes are thoughtfully selected and located in some of the most desirable second home markets, we've experienced strong buyer demand. By contrast, selling a timeshare can be extremely difficult, with an entire industry of timeshare exit companies charging fees to help owners exit. Pick the right choice for you Keeping your second home goals in mind while comparing Pacaso vs. timeshare opportunities can help you find exactly what you’re looking for. If you’re specifically looking for a luxury getaway and a place to make memories together with your family, browse through our

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 different types of houses, like distinguishing a Colonial style house from a Craftsman style house, 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 second home. 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. What are the different 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 home 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 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. This type of house style is 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. What are the different types of house architectural styles? Now that you know the different types of house 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.  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 Cape Cod homes are similar in style to Colonial houses, and they originated around the same time. They also have a symmetrical appearance, but are usually smaller in size. They were designed to withstand harsh weather, so they have heavy shutters to protect the windows and a central fireplace for heating the whole home, where essential. 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: How do I find my dream second 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 house structures and styles you find most inspiring and practical for your needs.   If you’re currently in

Buying a luxury home can feel daunting, as many properties are quietly shared through private networks rather than listed publicly. Luxury buyers also need to show strong financial credibility and make thoughtful decisions about customizations.  That’s why 1. Define your version of luxury  The word “luxurious” means different things to different people. Before you start browsing the 2. Prepare your finances  Luxury home buying requires more financial preparation than a standard house. Lender requirements may be stricter and down payments are often larger, so it’s important to prepare your finances by considering the following:  3. Create your expert team Buying a luxury home can feel overwhelming on your own. Having the right experts by your side makes the process much easier. Consider putting together a team to guide you every step of the way: Assembling a team reduces your overall risk and strengthens your position when you take the leap. It can also save time if you pick trusted experts who can streamline the process and clarify complex terms. 4. Evaluate visible vs. invisible value Take the time to look beyond the listing photos to determine your home’s value. Here are a few factors to consider that aren’t often cited in listings:  Pacaso’s luxury home buying advantages help reduce uncertainty with 5. Conduct specialized due diligence There are many moving parts when it comes to buying a luxury home, due to customized builds, extensive remodels and residential requirements. Each element of the process has to be legally compliant, so keep these factors in mind to make sure everything checks out:  6. Negotiate strategically You may have more flexibility negotiating contracts when Instead of seeing negotiation as simply pushing down the price, weave in these factors to come to an agreement on a fair offer that benefits both parties.  7. Consider ownership structure and privacy  When buying a high-end home, you have a choice of how you’d like to structure your ownership. The option you choose affects how you appear on the property title, as well as your personal stake and liability in the home. Here are a few common ownership structures:  People may opt for different ownership structures for privacy, to protect their property or to ensure their luxury home stays within budget. Pacaso’s Bringing your luxury home vision to life Pacaso makes second-home ownership simple for those who want to understand how to buy a luxury home. We offer high-end homes in desirable destinations, along with bespoke property management, so you can sit back and enjoy your property. If you’re ready to take the step towards co-ownership, browse

Financing a vacation home comes with its own set of requirements and considerations, which can complicate the buying process. This guide provides the insights you need to navigate vacation home financing and select the loan option that’s right for you. The basics you need to know before financing a vacation home Lenders will assess your financial readiness against vacation home loan requirements to make sure you can keep up with your property. Here are the key factors they consider: Lenders look for these factors to assess three key things: your creditworthiness, ability to handle Getting ahead of what lenders are looking for is a great way of positioning yourself for a smoother loan application process. Options for financing a vacation home  Thankfully, there’s more than one vacation home financing option to choose from, and the right choice depends on how much flexibility you want regarding payments. The way you use your home also factors into your options. Here are the most common options to consider: Conventional mortgage A traditional vacation home mortgage, also known as a conventional mortgage, typically requires a down payment of 10% to 20%, and often higher when Traditional mortgages are a good option for borrowers with strong credit scores and access to a substantial down payment. Although this type of loan is typically used for a primary residence purchase, it can be an option for financing vacation homes. Fixed-rate mortgages provide peace of mind with a consistent monthly payment throughout the loan term. This level of predictability makes budgeting easier, as you'll know exactly how much your monthly second-home mortgage payment will be, regardless of interest-rate fluctuations.  This type of loan is one of the best vacation home financing options for those who prioritize stability and dislike the uncertainty of variable rates. Adjustable-rate mortgages (ARMs) have a fixed interest rate for an initial period, then periodically “adjust” the rate on the outstanding balance. Lenders take on less risk during the fixed-rate introductory period.  Compared to fixed-rate mortgages, an adjustable-rate mortgage can entice borrowers with its lower initial interest rate. This may be attractive if you plan to sell the property before the introductory period ends. However, the interest rate on an ARM adjusts periodically.  These adjustments can significantly impact your monthly payment: Due to the potential volatility, ARMs are best for borrowers who feel comfortable with risk and plan to hold onto a second home for a shorter time. Home Equity (HELOC) loan A home equity line of credit (HELOC) lets you use the equity in your primary home to In addition to securing your HELOC with your home’s value, you will typically need a credit score of 650 or higher and a debt-to-income ratio between 43% and 45%. Lenders may let you borrow up to 85% of a home's value, in addition to your existing mortgage. It’s important to exercise caution with an HELOC, because your first home is your collateral, and if you default, it may risk foreclosure.  Cash out refinance Consider a cash-out refinancing option if you’d like to finance your vacation home mortgage without using your current liquid funds. This option lets you replace your first home’s mortgage with a larger one. You can then take the cash difference from the loan and use it towards your second property. Many lenders expect a strong credit score, at least 620, and often above 680. They also typically require a debt-to-income ratio of 45% or lower, and want to see that you have at least 20% of equity left after refinancing. Investment property loan Investment property loans are designed for those seeking vacation home financing and are specifically tailored to rental properties. The process is similar to a conventional loan. The key difference is that the lender recognizes you’re buying the property as an income-generating asset rather than for personal use. Investment properties are considered riskier to lenders because they’re dependent on rental income, which could vary depending on seasonality and other factors. Therefore, a higher 15% to 25% down payment is usually required, and your credit score should be 680 or above. Interest rates are often higher as well.  Jumbo loan Jumbo loans are designed for properties exceeding conforming loan limits set by government-backed entities like Fannie Mae and Freddie Mac. Jumbo loans come from private lenders and may have slightly higher interest rates than conforming loans. However, it's the best way to finance a vacation home if you want to enter the luxury second home market, allowing you to finance that mountaintop or beachfront property. Co-ownership Co-ownership is a great option for those looking to finance a vacation home without buying outright. While most vacation home financing options place the entire financial obligation on the owner, co-ownership spreads it among several individuals with shares.  Solid credit and a healthy debt-to-income ratio are often required, but the down deposit is often smaller than other options. It’s the best way to finance a vacation home if you don’t plan on living in the property full-time and want seasonal or occasional access.  For example, How to choose a lender for a vacation home When it comes to securing financing for your vacation home, choosing the right lender is crucial. Allow these steps to guide you when financing a vacation home: By comparing multiple lenders, you ensure you're getting the best rate and terms. Recommendations can also give you peace of mind, knowing you're working with a qualified lender who understands the unique aspects of vacation home financing. Tips to help you buy a vacation home Knowing how to buy a vacation home can help minimize risk and make the right decisions for your lifestyle, and financing is a big part of that. Here's what you can do to solidify your financing: With careful planning, you can finance the right Discover vacation home financing options with Pacaso If you’re

If your dream is to We’ll share the top seven financing differences between investment properties and second homes to better understand both options. Plus, we’ll cover the tax considerations that may affect the type of second home you choose. What is a second home? A second home is a dwelling you own in addition to your Note that the way lenders classify second homes, vacation homes and investment properties can vary. What is an investment property? An investment property is an asset you buy with the intention of generating income through rent or value appreciation. A 7 investment property vs. second home financial differences When it comes to financing, investment property and second home requirements can differ greatly. Investment properties tend to have stricter requirements, such as higher mortgage rates, a more substantial down payment and a higher credit score requirement. However, investment properties may result in substantial income or qualify for more desirable tax breaks.  Here’s an overview of how each To better understand how to begin financing investment property and 1. Mortgage interest rates Even with the same amount of money down and the same home loan length, a mortgage for an investment property will almost always carry a higher mortgage interest rate than a loan for a second home.  This is more than just a percentage; it results in a higher monthly payment, which can add tens or hundreds of dollars to the overall cost over a 15- or 30-year period. For example, a 1% increase in a mortgage rate (say, from 6% to 7%) on a $ 3 million home can add $700,000 in interest over the course of a 30-year loan. 2. Down payments According to the 3. Debt-to-income (DTI) ratio According to You should also aim for a DTI of 45% or less to increase your chances of securing an investment property or a second home mortgage. Keeping your debt ratio below 45% shows lenders that you’re financially stable and in control of your debt, which increases the chances of approval. This is because borrowers have more of a financial cushion, which lowers the perceived risk of non-payment to lenders. 4. Closing costs Lenders often charge higher origination fees (or closing costs) for investment properties than for second homes, often at a rate of 2% to 5% in comparison to the traditional 0.5% or 1% charged on a second home mortgage. 5. Income reporting Because an investment property can earn you additional income through rental or resale, mortgage lenders will often include potential future profits when calculating your DTI for a rental property. This, in turn, may mean that lenders will offer you a larger loan with more certainty that you can repay with rental proceeds. You won’t have that perk with 6. Number of units For a second home, you are only allowed a mortgage on a single-unit property. For an investment property or rental property, you can get a mortgage on a property of up to four units. This lets you scale your earnings and build a rental portfolio much quicker than buying separate accommodations. 7. Cash reserves Cash reserves are necessary for a second home or vacation home, which refers to an amount of liquid cash on hand for any home expenses. A mortgage for a second home will require you to have a minimum of two months of cash reserves on hand. For an investment property, you will need a minimum of six months’ cash reserves. Tax considerations Aside from having a firm grasp on investment property and second home mortgage rules, it’s important to understand the tax implications of both options. It’s also smart to consult with your tax adviser. Let’s break down the tax considerations.  Let’s break down the tax considerations and take a look at how the IRS handles second homes vs investment properties. 1. Mortgage interest While mortgage interest on a second home is often deductible for personal use, it can also be claimed as a business expense for an investment property, potentially providing 2. Property taxes You can potentially deduct the property 3. Rental income Income you earn from your 4. Home equity loan interest Interest on a home equity loan for a second home may be deductible. In contrast, interest on a home equity loan for an investment property is generally deductible as a business expense. Now that you’re aware of the major differences between a second home vs. an investment property, it’s time to decide which option best suits your needs. If you decide that With

Dreaming of waking up to ocean waves and balmy breezes? You're not alone. In 2025, While coastal Our guide will break down the four steps of buying a beach house and discuss the pros, cons and considerations of owning a second home by the water. 1. Understand the beach house market In 2025, the luxury modern beach house market was valued at However, the beach house market can vary significantly depending on location. Some areas, particularly those popular with tourists or  As By understanding these dynamics, you can enter the beach house market with a realistic perspective on pricing and competition. Location is key, so researching specific coastal communities is crucial for making informed buying decisions. Financing options to buy a beach house For example, conventional loans for vacation homes often require a higher For those who don't require full-time ownership, Co-ownership allows you to enjoy the benefits of beach living without the full financial burden and responsibility of sole ownership. 2. Find the best beach house location While the allure of beachfront living is undeniable, location goes beyond just proximity to the water. Consider the following when searching for the best place to buy a beach house: Prioritizing these preferences will help narrow your search and ensure your beach house becomes a true haven. For example, if you're a 3. Evaluate the long-term value of a house near the beach Beyond the initial purchase, consider the long-term value proposition of your beach house. Owning beachfront property can be a fantastic By carefully evaluating the following points, you can ensure your beach house becomes a tailor-made space that fulfills your coastal living dreams: While the allure of beachfront living is undeniable, factoring in the property's long-term usability is essential. Ongoing costs, such as property taxes, landscaping, emergency repairs, and cleaning fees, can total tens of thousands of dollars in higher-end beach properties.  If this amount of upkeep seems overwhelming, consider hiring a 4. Evaluate risk factors Beachside living may be glamorous, but it comes with risk. Coastal properties are more exposed to natural disasters than inland ones, such as hurricanes, floods and tropical storms. There is also a long-term risk of sea level rise, which may be an issue if your home is built close to the water’s edge.  Unfortunately, standard homeowners' insurance may not cover these risk factors, so it's essential to discuss with your provider what they do protect and consider adding additional flood insurance to your primary coverage. Additionally, when considering a location for your beach house, check 5. Work with a local expert Instead of relying on wishful thinking, enlist the support of a knowledgeable realtor to help you make the right choice. Agents can provide you with local expertise and help you understand permit requirements, local weather conditions, and insurance specifics.  Pacaso supports those considering co-ownership with a robust team of local real estate agents who can provide regional market insights and guide you through Pacaso’s specific ownership model, which can reduce confusion and streamline the process of purchasing a beach house. 6. Complete inspections and due diligence Before finalizing any purchase, thorough inspections and due diligence are crucial to avoid These could range from structural issues due to age and wear to potential problems with plumbing or electrical systems exposed to the harsh beach environment. For example, research flood zones and storm risks in your chosen location because, while beachfront property offers stunning views, beach living might also be more susceptible to flooding or storm damage.  Standard homeowners insurance typically doesn't cover flood damage, so factor in the cost of beach-specific flood insurance when Pros and cons of owning a beach house Owning a beach house offers a unique lifestyle with undeniable advantages, but it also comes with challenges and considerations that go beyond the idyllic vacation picture. Let's dive into both sides of the equation to help you decide if a beach house is the perfect fit for your dream home. Advantages of buying a beach house Owning a beach house isn't just about proximity to the water. It unlocks a lifestyle brimming with advantages: These are just a few of the many advantages that owning a beach house can bring. But remember, the decision requires careful consideration.   Disadvantages of buying a beach house While the allure of beachfront living is undeniable, it's important to acknowledge the potential drawbacks before making a significant purchase. Here are some of the challenges that come with owning a beach house: By acknowledging the challenges alongside the undeniable advantages, you can make an informed decision that aligns with your lifestyle and financial goals. Co-own a beach home Owning a beach house might seem out of reach due to the high cost of purchasing and maintaining a waterfront property. But what if you could enjoy the benefits of beach living without the sole financial responsibility? Co-ownership through a platform like Pacaso presents an innovative solution. Pacaso offers Pacaso homes are fully managed, removing the operational burden that often comes with owning a coastal property. Local teams oversee upkeep and readiness year-round, which is especially valuable in beach environments that require ongoing attention due to weather and exposure. The result is a second home experience that prioritizes time at the beach, not time spent managing it.

Searching for a place to unwind, reconnect with loved ones and create lasting memories? Here are 10 reasons why a second home might be the perfect purchase for you, alongside key considerations that can help you make the right choice. 1. Enjoy your own personal retreat 2. Have flexibility for your vacations With a vacation home, you no longer need to fight for reservations during peak season or scramble to find last-minute Do you need a quick weekend escape to clear your head? Or a 3. Build a lifetime of memories A vacation home transcends bricks and mortar — it becomes a cornerstone for creating cherished memories with the people you love. Host unforgettable holidays and family gatherings to create lifelong memories.  Imagine cozy nights by the fireplace at your 4. Relish familiar settings Owning a vacation homes has the benefit of being your home-away-from-home. Equip your space with 5. Embrace a new community Purchasing a vacation home can open doors to a new community. Strike up conversations with friendly neighbors who share a love for the area. Explore local shops and restaurants, gaining a deeper understanding of the region's culture and hidden gems. This sense of belonging can enrich your vacation experiences and grow your sense of community at your second home. 6. Cultivate a sense of adventure A vacation home can serve as a springboard for exploration. Since you have a convenient home base, you can delve deeper into the surrounding area. Explore nearby towns, hike or bike scenic trails or discover hidden Proximity to these activities allows you to embrace a more adventurous spirit and enjoy experiences beyond the typical tourist’s itinerary. 7. Create a healthier lifestyle A vacation home can be a catalyst for embracing a healthier way of living. Many vacation destinations offer opportunities for Inside you vacation home, consider creating a dedicated 8. Pass down an asset to your children A vacation home can become a cherished part of your family's legacy. It can be a gathering place for future generations to reconnect with loved ones and create lasting memories.  Eventually, you can pass vacation homes down as an inheritance. A valuable asset like this can give your children and grandchildren a special connection to their family history. 9. Choose a location close to activities you love Finding a second home in a place that supports  your interests and hobbies can significantly enhance your lifestyle. Imagine living by a lake and spending your weekends fishing, or owning beach house with nearby easy access to kayaking or paddleboarding. For those who crave the thrill of winter sports or the serenity of mountain hikes, a cozy cabin could be the perfect fit. 10. Take advantage of unique financing options When buying a vacation home, you can access Additionally, your vacation home expenses don’t end with the Advantages of vacation homes Although owning a second home has some down sides, the advantages can greatly outweigh the trouble of finding and financing a vacation home. The pros of owning a second home or Personal use When you own your vacation accommodations, you always have a great place to stay (even if it’s a busy holiday weekend). You can keep all the comforts and necessities — clothes, toiletries, outdoor gear and more — at your vacation home so you can get away from it all at a moment’s notice. Unlike relying on reviews to choose a hotel room or short-term rental, you always know exactly what to expect when you arrive at your vacation home. Buying Your vacation home could become your primary residence once you retire, but you can start enjoying it and building equity long before it’s time to turn in your employee badge. In the meantime, it’s a special place to bring family together for vacations and special events. You can also pass down your vacation home to your heirs. Passive income potential Although some owners prefer to keep their vacation home exclusively for personal use, listing your second home as a short-term rental may also be possible. If you don’t want your vacation home to sit vacant when you’re not using it, you may be able to rent it out to others and use the money toward the mortgage and maintenance expenses. Potential property appreciation Whether you plan to keep your vacation home for personal use or earn passive income, your property may increase in value. A secondary residence can increase equity and value appreciation like a primary residence.  In this way, buying a vacation home can be an investment. Of course, housing markets fluctuate, so value appreciation depends on market trends where you buy. Adding real estate to your portfolio is a great way to diversify your portfolio and hedge against the ebb and flow of different markets. It’s always smart to consult a financial planner before making such an investment.  Tax benefits You can deduct any mortgage interest paid on up to $750,000 of principal mortgage debt, including your vacation home. Other If your vacation home doubles as a short-term or long-term rental, you may also be able to claim certain costs as business expenses for your vacation rental business. Consult with a tax professional to determine which  tax deductions you’ll be eligible for. Challenges of vacation homes Vacation home ownership also includes several challenging cons. Property maintenance and management Your second home likely won’t be close enough to your primary residence for you to stop by frequently. Home repairs and regular maintenance (lawn mowing, snow removal, etc.) can become a hassle. And if you’re renting out your second home, you must deal with reservations, clean up and more.  A potential solution is to Income volatility If you plan to rent out your vacation property, you’ll need to be aware of the high and low tourist seasons in your home’s locale. Plan for income fluctuations and charge appropriate nightly rates to curb potential low-season vacancies.  To keep attracting bookings, you may need to pay for marketing and advertising your property to help decrease income volatility. Local vacation rental laws Many towns are passing ordinances that prohibit short-term rentals or require homeowners to pay hefty fees to list their homes as rentals. Check local laws before banking on your ability to rent out your vacation home. Remember that other Limited location Once you invest in a vacation home, you’ll probably want to use it as much as possible. That means you’ll likely spend more time in one Just like an unused gym membership or a new dress in the back of the closet, a distant vacation home can easily turn from a dream come true into a money pit if you’re not committed to using it regularly. Key things to consider before buying a vacation home Buying a vacation home is an exciting endeavor, but it’s essential to consider additional factors to make an informed decision. Getting clear on your preferences, as well as the property’s unique requirements, will give you an accurate sense of the actual cost and time commitment required for your second home. Your annual budget and total cost of ownership The total cost of a property doesn’t stop at the mortgage. You will need to consider ongoing expenses such as taxes, insurance, utilities, HOA fees and repairs. To predict future maintenance expenses, use the 1% rule, which recommends that homeowners set aside 1% of their home’s purchase value annually.  For example, if you plan on buying a vacation home for $1 million, estimate $10,000 for future repairs each year. Consider setting aside 2% or 3% for mountain or coastal homes, which often come with higher material costs and are more vulnerable to climate-related exposure. How often you’ll realistically use the home To determine if vacation rentals are a good investment, you’ll need to know how much time you plan to spend in yours. The frequency in which you plan to visit your second home determines its value.  For example, if you spend 5 nights in a vacation home that costs $30,000 annually, you’re paying $6,000 a night for the privilege. If you plan to stay 40 nights per year, the nightly cost drops to $750. Your overall availability and proximity to the property greatly affect your ability to spend time in it, so be mindful of your work and life commitments beforehand. Whether renting it out is a priority Renting your home can bring in additional income, but it’s important to know if there’s demand in the area. If planning to rent in the short term, check and make sure that’s allowed in your city, county and HOA. To estimate potential earnings, consider the rates of other rentals, especially noting if prices peak during high season or remain strong year-round.   Local regulations and rental restrictions Zoning laws may place certain conditions on your home and affect how you rent it, or let you know if renting is even allowed in your area. Homeowners associations may restrict how and when your property can be rented, or may ban short-term rentals altogether. Review any city ordinances and HOA documents for the most up-to-date zoning codes. Financing options and long-term affordability It’s typically harder to finance a vacation home because second homes are treated as higher risk, and interest rates may be Be sure to prepare for these expenses in advance to stay on budget. If high upfront costs deter you from buying a vacation home, consider a co-ownership model like Whether full ownership or co-ownership fits your goals Deciding between full or co-ownership of a property boils down to how much time you’ll spend there. Full ownership means you’re responsible for all the finances and labor of a vacation home, so it’s best to be on-site more often.  Pacso co-ownership spreads financial obligations across multiple residents and offers Co-own a vacation home with Pacaso While there are nearly a dozen reasons to buy a vacation home, the initial cost and ongoing maintenance can be daunting. Pacaso offers a unique With Pacaso, you can co-own a DISCLAIMER: This content is published solely for informational purposes and isn’t intended to be investment advice. You should consult an appropriate professional for specific advice tailored to your situation.

Frequent travelers understand the importance of consistency and convenience, and therefore often turn to vacation clubs and co-ownership programs, such as However, due to their structure, pricing varies significantly. This guide breaks down everything you need to know about the two travel models, allowing you to choose the one that’s right for you, and explains why Pasco may be an even smarter option. How does Equity Estates work? Equity Estates is an investor-owned luxury vacation club that operates differently from a traditional timeshare. Members invest in an Equity Estates fund that purchases and manages a portfolio of high-end vacation homes, giving them access to stay at properties around the world without the responsibilities of direct ownership. Property management, maintenance, and concierge services are included. Unlike traditional timeshares, where members pay for usage without building equity, Equity Estates members own a share of the underlying real estate. At a defined liquidity date, the properties are sold, and investors receive 100% of their initial capital back plus 80% of the profits. This structure allows members to enjoy luxury vacations while also benefiting from the long-term value of the real estate they help fund.  Properties and destinations During the years between investment and disbursement, investors enjoy access to over 60 destinations across more than 25 countries. The properties are private, luxury homes valued between $2 million and $6.5 million, offering amenities such as oceanfront views, ski-in/ski-out access, swimming pools, and private club access. Access Depending on the level of investment, members receive a set number of nights per year that can be used across the entire portfolio. This structure allows for longer stays in a single destination or the flexibility to explore multiple locations.  Pricing is not publicly available for Equity Estate’s investment tiers, so unfortunately, potential investors can’t compare costs upfront. However, Equity Estates promises better availability than timeshares, as homes are exclusively available to investors, thereby limiting overall competition. Equity Estate reviews Equity Estates fund reviews have an overall rating of 4.9 on Trustpilot, with a total of 432 reviews. Customers most praise the staff for being attentive and helpful, with There are very few negative Equity Estates reviews on How does Inspirato work?  Inspirato operates on a subscription model with two ways to access its luxury vacation homes: Inspirato Club and Inspirato Pass. Inspirato Club requires a one-time initiation fee plus annual dues, while Inspirato Pass offers a flat annual subscription fee. Both options provide members with access to Inspirato’s curated collection of luxury vacation homes.  Here’s a breakdown of Inspirato’s two primary subscription models: The Inspirato Pass The Inspirato Pass is the company’s core all-inclusive offering and costs $40,000 annually. Members can choose from numerous Pass Trips, with all nightly rates, taxes and fees included. And it’s not just homes. You can also stay at an unlimited number of eligible hotels, resorts, cruises, safaris and guided tours. With an Inspirato Pass membership, travelers can reserve up to two trips at once, making it a good fit for those who want to travel frequently without committing to long-term planning or complex booking rules. Inspirato Club The Inspirato Club has a one-time initiation fee of $15,000 and $6,000 annually in dues, starting in the second year. Travelers gain access to the Inspirato Collection of properties and experiences, featuring members-only nightly rates and personalized travel planning assistance.  Unlike the fully inclusive Inspirato Pass, Inspirato Club members need to pay fees for each stay, and membership grants them access to members-only benefits, discounted stays and concierge support. Inspirato reviews Inspirato has a 2.3 total rating on Trustpilot, based on six total customer reviews. Inspirato’s negative reviews mention issues with canceling their subscription, stating that the company has strict refund rules, alongside limited availability. “Inspirato was great when we first signed up. They ended up changing a lot of things, which lost the value of the Pass. When we attempted to cancel, we had to wait 30 days, which is fine but…they're still charging me, and it's been 60 days and $5k later after those 30 days. They keep saying they're going to cancel and refund, but they have yet to.” Which option is right for you?  When it comes to Equity Estates vs. Inspirato, choose Equity Estates if you spend significant amounts of money each year on travel and want to see some return on your spend. Consider going with Inspirato if you want broad access to a portfolio of luxury accommodations without the full commitment of a buy-in.  If you’re wondering, is Inspirato worth it, considering Equity Estate’s high reputation, here’s a comparative list of pros and cons to make the best choice: Equity Estates pros and cons Inspirato pros and cons Alternative: Get to know Pacaso Instead of weighing Equity Estates vs. Inspirato, consider a third option, Pacaso. Our Pacaso makes it easy to own a second luxury home in a coveted destination, with properties available throughout the U.S. and in select international markets. From sunny villas in Every Pacaso home is fully managed, professionally designed and ready for you to enjoy, with equitable scheduling among owners. Co-owners purchase shares in a property-specific LLC, and when you’re ready, you can sell your share to realize any returns on your property.  Comparing Pacaso and Inspirato Pacaso, Pacaso has additional advantages over Inspirato:  An owner’s view of the differences Pacaso owner Mark also has an Inspirato membership. While he uses his Inspirato to “fill the gap” when he wants variety in destinations, he says he loves that his Pacaso gives him true ownership in a destination he loves.  “We’re kind of creatures of habit,” Mark said. “We like to go back to the same place that we know. We know it’s going to be quality. We get to know people in the community … it’s a totally different animal, and we prefer having the house.”   Own your vacation destination

A turnkey home is a fully move-in-ready property without hassle. The phrase “turn the key” is literal: you step inside, drop your bags and settle in. No need for contractors, material decisions or waiting months for updates.  When buyers ask what a turnkey home entails, they’re usually trying to understand whether a house truly requires zero renovation work before it’s livable. While typical turnkey properties aren’t automatically furnished, many homes in How turnkey homes work for second-home buyers Turnkey homes offer unique value for second-home buyers, especially those For And because everything is finished before closing, you experience faster access to the lifestyle you’re working toward, like meaningful time with family, stress-free travel and comfortable stays throughout the year. What’s included in a turnkey home While every property is different, most turnkey homes share a set of core qualities. These features give buyers confidence that they won’t need to make immediate repairs or updates. Here’s what’s usually included in a turnkey home: In Together, these features make it possible to start living in the home right away, with little to no prep work on your part. Pros of buying a turnkey home Turnkey homes are appealing for many reasons. They offer an experience built on convenience, comfort, and clarity. Here are some of the benefits of buying a turnkey home: For second-home buyers, the ability to enjoy your home immediately without stress or delays is often the biggest advantage. Cons of buying a turnkey home Turnkey homes also have a few trade-offs, especially if customization or cost savings are top priorities. Here’s what you’ll need to look out for when buying turnkey properties: A turnkey property should offer genuine readiness. The proper documentation will help you confirm that. Who is a turnkey home right for Turnkey homes are an excellent fit for buyers who want to spend less time coordinating projects and more time actually enjoying their home. They’re especially appealing to people with full schedules who prefer a space that’s fully prepared from day one. Out-of-state and On the other hand, buyers who love hands-on customization or who enjoy shaping a property to their exact preferences may feel limited by a home that’s already completed. Those who thrive on renovation projects often find a fixer-upper more satisfying. These buyers typically prioritize the control and potential transformation that come with renovating, while turnkey buyers prioritize convenience, predictability and immediate comfort. What to consider before buying a turnkey home Before buying a turnkey home, it’s important to take a thoughtful look at the property’s quality, history and documentation so you know exactly what “move-in ready” truly means. Even when a home is labeled turnkey property or turnkey home in real estate listings, the level of work completed can vary widely, so due diligence is essential. Questions to ask the builder or seller When evaluating what is included in a turnkey home, ask the builder or seller detailed questions to better understand the scope and quality of updates. Confirm whether improvements were cosmetic or structural, how recently they were completed and whether licensed contractors performed the work.  Here are some questions to ask during the walkthrough: How to verify a listing is truly move-in ready To verify that a listing is genuinely turnkey, request documentation that reflects the quality of the work. This may include inspection reports, permits for structural changes, receipts from contractors or proof of recent servicing for major systems.  A true turnkey property will have consistent updates across the home, modern mechanical systems and completed spaces with no unfinished rooms or outdated features. When inspecting the home, pay attention to common signs that the home isn’t fully turnkey, such as mismatched finishes, older electrical panels, aging HVAC units or partially updated kitchens and bathrooms. Cost expectations for turnkey homes Turnkey homes often come with a higher upfront purchase price because the improvements, design work and system updates have already been completed for you. However, buyers typically save money and time by avoiding renovation expenses, travel for project oversight and the unpredictable costs that come with fixer-uppers.  Turnkey home vs. fixer-upper: what’s the difference? A turnkey home is all about readiness. It’s complete, polished and requires no immediate work. A fixer-upper, on the other hand, is a property that needs renovation, repair or modernization before it feels complete. Turnkey homes streamline the experience from day one, allowing buyers to arrive and enjoy their As you compare your options, weigh the immediate convenience and clarity of a turnkey home against the potentially lower upfront cost of a home that requires additional work. For many second-home buyers looking for ease, speed and comfort, the turnkey route offers a smoother path into ownership. How to find a turnkey home  Turnkey homes are especially common in second-home markets and desirable Pacaso offers Find your turnkey home with Pacaso Pacaso simplifies second home ownership by offering Whether you’re right-sizing your time away or exploring new destinations, Pacaso makes second-home living more seamless, ensuring your turnkey home is ready from the moment you walk in the door. 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For Nina and Kristian Giordano, owning a beach home in Years ago, during the pandemic, they were staying in a rental near the water. One afternoon, sitting quietly on a balcony, Kristian noticed the beautiful home next door. At that moment, something clicked. Kristian recalls thinking to himself, “Somehow, some way, we’re going to make this happen.” At the time, it felt unrealistic. The home was listed for millions, far outside what they imagined was possible. Still, the idea stayed with them. It became part of their story — a shared dream they carried forward. Years later, Nina stumbled upon the same house while browsing listings. This time, the price looked different. As they researched further, they discovered Pacaso and learned about co-ownership. Suddenly, what once felt impossible felt achievable. “This was our dream house,” Nina says. “And it’s been a dream of ours forever.” A home that fits real life Living just 15 minutes away in La Mesa, Nina and Kristian didn’t want a vacation home that pulled them away from their everyday responsibilities. With four kids, school schedules, sports practices, and family routines were always part of their lives. What they wanted was balance. And with their Pacaso home, they found it. They can spend the night by the beach, wake up to ocean air, and still make it back in time for school drop-offs and afternoon practices. There’s no pressure to “make the most” of every trip, no long drives, no complicated planning. “We love staycations, and I feel like that’s what our Pacaso home feels like. But it also feels like home.” It’s a place where vacation and real life blend together naturally. Every time Nina walks through the front door, she feels it. “The first thing I do is open those doors and just kind of a relief, a sigh.” The view, the light, and the quiet immediately shift her mindset. “You feel like you’re miles away. In reality, we’re 15 minutes from home.” Watch the video to hear what else Nina and Kristian love about their San Diego beach second home. Where family always finds its way back Family has always been the foundation of Nina and Kristian’s lives. “Family is the main reason I exist,” Kristian says. With four children and now a grandchild, their Pacaso home has naturally become the place everyone gravitates toward. It’s where birthdays are celebrated, holidays unfold, and spontaneous weekends turn into cherished memories. Cousins arrive together. Kids bring friends. Aunts and uncles drop by. The house fills with voices, laughter, and shared meals. Big dinners stretch late into the evening. Barbecues turn into all-day gatherings. Beach walks become group adventures. No one feels rushed. No one feels like a guest. “It really, truly feels like home,” Nina says. What they treasure most is the quality of time they spend together. “It’s different here. Quality time with your family is what’s most important. This is creating everlasting memories.” Everyday moments that become traditions Some of the Giordanos’ favorite memories are built around simple rituals. On warm afternoons, Kristian fires up the grill, and kids run in and out of the house while music plays in the background. As evening comes, everyone gathers around the fire pit to roast marshmallows and tell stories. During the summer, nights often end on the rooftop. From there, they can see fireworks from SeaWorld San Diego lighting up the sky across the bay. “We set timers and race upstairs,” Nina says. “Watching fireworks from your own house is pretty magical.” Inside, the home offers just as much comfort. After long days filled with activity, everyone finds their own way to relax. Some curl up with a book on the balcony, while others head to their rooms. Nina often retreats to the primary bathroom for a quiet bubble bath. “After a long, busy day, everybody has a place to relax and unwind.” The home is designed for both connection and privacy — large enough to gather, yet intimate enough to feel personal. A sense of calm you can feel Their primary home is where life happens: early mornings, packed lunches, work calls, homework, and responsibilities. Their Pacaso home is where life slows. “At home, you’re in your routine,” Nina explains. “Here, you walk in and feel like you’re on vacation.” The calm here feels intentional. It’s built into the layout, the light, the view, and the atmosphere. It invites them to pause. “The sense of calm is very different than walking into a house with kids running around.” Even arrival feels effortless. They don’t worry about restocking supplies, cleaning, or repairs. Everything is prepared when they arrive. “I literally bring clothes and that’s it,” Kristian says. “You show up and you’re home.” That simplicity allows them to focus entirely on being present. Opening the door to new experiences with Pacaso Global Swap What started as a beach retreat soon became something more. Through Pacaso’s Global Swap feature, Nina and Kristian began traveling in ways they never expected. In just one year, they stayed in Pacaso homes in Paris, Jackson Hole, Lake Arrowhead, and Newport Beach. Each destination brought new perspectives, and these experiences have reshaped how they think about the future. .“It’s like owning 10 homes instead of one,” Kristian says. “Paris really opened our eyes,” he adds. “It showed us what the next 10, 20, 30 years could look like.” As Kristian steps into semi-retirement and their children become more independent, the access they get with Pacaso Global Swap has become a meaningful way for them to reconnect as a couple. “Family time. Family memories. Forever.” For the Giordanos, Pacaso isn’t just about owning a beautiful property. It’s about how that property fits seamlessly into and enriches their lives. It’s about arriving without stress, gathering everyone in one place, slowing down together, and making space for what matters. When asked to describe their experience, their answer comes easily. “Family time. Family memories. Forever.” From a dream sparked on a balcony to a home filled with generations of laughter, Nina and Kristian’s Pacaso story is about building a legacy of connection — one weekend, one trip, and one memory at a time.

Owner Alison Davis shares how Pacaso helps her family building memories near and far Austin Allison, CEO of Pacaso, sits down with Alison Davis — a Pacaso board member and owner of two beautiful vacation homes — to discuss how co-ownership has enriched her family’s life. Joined by her adult children Tallulah and Felix, Alison shares how her Pacaso homes in Tahoe and London have enabled special place for her busy family to reconnect, host friends and gather with extended loved ones. This intimate fireside chat also highlights prioritizing experiences, create lasting memories, and find meaningful moments together amidst life’s hectic pace. Key takeaways:

Lake Tahoe has always been a special place for Christianne and John. When finances made it difficult for them to continue owning there, they made the heartbreaking decision to sell their home. When the couple discovered Pacaso co-ownership, however, they realized they didn’t have to say goodbye to their dream after all. "The first time we came in and stayed at our Pacaso, I just couldn’t believe the dream had come true for us, in a way that we could’ve never imagined," said Christianne shared. Watch to see Christianne and John’s favorite things about their Tahoe home, plus Pacaso’s due diligence in the community response to co-ownership. Pacaso makes a second home possible and enjoyable for more people.

Jim and Jun wanted to own a second home in Palm Springs, a place they’ve been visiting for years. Jim hadn’t used his previous vacation homes as much as he had hoped, so co-owning made sense to him. Pacaso enabled the couple to make their budget go further and purchase a beautiful home that fits their schedule, supplies all the amenities they need, and offers them true ownership. “This is my property, and I want to take care of it,” said Jim. “We would absolutely [buy] another interest in a Pacaso. It’s a great setup, everything is taken care of for you, and it really fills a niche in the market.” Watch the video to hear what else Jim and Jun love about their Palm Springs second home.

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.

Will and Julia live in the Bay Area, just south of San Francisco in the communities of Redwood City and Menlo Park, respectively. They each have two teenage children, and they enjoy spending time with their combined family in the quieter, more verdant Napa Valley.  “We both have a love of Napa, and we were going up there five or six times a year,” said Will. Over time, we started talking about getting a place there — we were spending a fortune on hotels.”  Even though hotels weren’t cheap, a second home in the Working through the details Julia had some initial concerns and questions about the Will said that Pacaso’s level of service was an important factor in their purchase, giving him and Julia the confidence to move forward. “From the start to today, working with Pacaso at all levels, everyone has been fantastic. If there’s been an issue, they’ve consistently worked through it and found equitable solutions.”  The joy of shared home ownership From their first stay, Will and Julia knew they’d made the right decision. “It was a ‘pinch me’ moment,” said Julia. “I remember thinking, ‘Is this real? Did we really do this?’ And then I said, ‘We’re home!’” Since trading up hotel stays for time at their Pacaso, they can attest to the difference that ownership brings. “Having a piece of something, somewhere, that you can come to and call your own is a wonderful feeling. It’s easy to fall in love with the home and the community,” said Will. And, unlike a hotel, it’s a special gathering place for their loved ones, said Julia. “Being able to come together and make memories with family and friends is one of my favorite parts of owning our Pacaso.” Plus, said Julia, it’s always ready for them when they arrive. “It’s such a benefit being able to come in and have our home be clean and set up with everything we need, and then not having to worry about doing a bunch of cleaning before we leave.” Life at their Pacaso Whether they’re spending time at their second home with family, friends or just each other, the experience is one of ease, pleasure and joy. “We live differently when we’re there,” said Will. “We’ll walk downtown to get croissants, then come back and open up the doors to the backyard and the sun will be streaming in — it’s something else.” Julia added, “Whenever we arrive, Will always says, ‘I can feel my blood pressure drop.’ It’s such a good feeling.”  They like to walk around the neighborhood, strolling through the forest to enjoy the magnificent redwoods, or walking downtown to have dinner or pick up groceries. “The neighborhood is really friendly. Everyone says hello and good morning — it’s a nice, small-town feel.” And if they’re not up for a walk? “Sometimes we just stay at the pool all weekend to relax and rejuvenate,” said Julia. It was during one of those poolside moments that Will realized how fortunate he and Julia were to have this experience of owning a second home: “I brought a lawn chair down to the pool, put the umbrella up, and was reading an Agatha Christie book, drink in hand — it was beautifully sunny, and Julia was next to me, and I was thinking to myself, ‘If this ain’t why we’re living, I don’t know what is.’ It was just a wonderful moment.” Find your second home in California wine country Ready to enrich your life with a second home in Napa Valley? Explore

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

They don't make headlines. They're not on Forbes lists. But according to a new This group isn't defined by fame. It's defined by asset wealth: stock portfolios, private business stakes, and real estate that have compounded quietly for 30+ years. And the way they approach fractional ownership real estate is increasingly reshaping what luxury looks like, not through flashy purchases, but through smart, values-aligned ownership. At Pacaso, this is our buyer. And the data has never been clearer about just how many of them there are. According to Federal Reserve data analyzed by Princeton economist Owen Zidar, there are approximately 430,000 U.S. households worth $30 million or more. Within that, roughly 74,000 households have crossed the $100 million threshold. This group has grown faster than the general population over the past few decades, and recent stock market gains suggest the numbers are even higher today. These aren't tech billionaires or celebrity executives. Many live outside major coastal cities and built wealth through car dealerships, regional businesses, and long-term investment portfolios. They are distributed, diverse, and largely overlooked by luxury brands that only targeted the ultra-famous top. The growth isn't coming from salaries. It's coming from assets. For the top 0.1% of U.S. households, nearly 72% of their wealth is held in corporate equities, mutual fund shares, and private businesses, according to the Federal Reserve. The S&P 500 has more than tripled over the past decade. Private business valuations have risen in tandem. And for Baby Boomers, who make up roughly two-thirds of $30M+ households, decades of homeownership and equity accumulation have produced a generational wealth surge that shows no signs of slowing. The WSJ describes this as "get rich quick(er)" but really it's the compounding payoff of long-term asset ownership. These households didn't win the lottery. They built something. The same instincts that made the quiet rich successful in business, smart capital allocation, avoiding waste, and optimizing for return, apply directly to how they think about real estate. Traditional luxury second home ownership means paying 100% of the cost for a property you may use 4 to 6 weeks a year. It means property management headaches, carrying costs, and capital tied up in a single illiquid asset. For someone whose wealth is built on intelligent asset allocation, that math doesn't add up. The WSJ points directly to this shift: Pacaso is the NetJets of luxury real estate. We offer the same core value proposition that has made With Pacaso, buyers own a real deeded share of a co-ownership vacation home, For buyers with significant assets, second home fractional ownership is simply the smarter way to own Brands and services targeting the "merely well-off" are facing headwinds. Demand is concentrating at the very top. Hermès, Ferrari, and Brunello Cucinelli are posting record numbers. High-end travel is booming. Fractional aviation is up markedly. Luxury second home ownership is following the same curve. The most expensive homes have seen accelerating demand since the pandemic, and that demand is coming from exactly this buyer profile: asset-wealthy, experience-driven, and looking for co-ownership vacation home solutions that match how they think. Pacaso homes are positioned squarely in this tailwind. Our portfolio spans the There's no compromise on quality. Every Pacaso home is The quiet rich aren't waiting. If you're ready to make your second home work as hard as the wealth behind it,

Market trends in global luxury real estate: 3 rising retreats For 2025, buyers are paying attention to market trends in global luxury real estate while zeroing in on places that deliver an extraordinary everyday rhythm. Carmel, Santa Barbara and Breckenridge check that box with rare settings, strong lifestyle draws and a growing selection of high-design homes available through co-ownership. Below, see why each destination is trending, how the broader market supports thoughtful acquisitions, and where Pacaso fits your plan. The luxury market shows steady momentum in 2025, with median prices for single-family luxury homes up 1.8% year-over-year and 8.0% versus 2023. Inventory has reached a two-year high, giving buyers more choice and negotiating power. Globally, the category is projected to grow at a 6.9% CAGR through 2035, with North America accounting for about 30% of market share. These market trends in global luxury real estate are fueling interest in lifestyle-led destinations like Carmel, Santa Barbara and Breckenridge. Why Carmel is trending for 2025 Carmel pairs cinematic coastline and acclaimed dining with access to Santa Barbara’s Mediterranean pace and culture Framed by ocean and mountains, Santa Barbara blends refined dining, a lively arts calendar and quick access to Breckenridge for four seasons of alpine living With How co-ownership fits these markets Pacaso co-ownership aligns with these destinations by matching high-use lifestyles with right-sized ownership. You enjoy equity in a real home that is professionally designed and furnished, plus intuitive scheduling that supports frequent stays. For a deeper overview of how it works, see Pros and cons by destination Which destination fits your lifestyle If you picture quiet coastal mornings and gallery strolls, vacation homes in Carmel deliver a refined, low-key rhythm. For terrace-to-beach living with culture in every direction, luxury homes in Santa Barbara lead the list. If your calendar is built around ski days and summer trails, Breckenridge vacation homes offer a year-round mountain base. In each, market trends in global luxury real estate favor thoughtful buyers who value setting, design and time well spent. Explore Pacaso homes in these markets Ready to see more in each destination? Browse

Beautiful American cities attract big businesses, and big businesses pay well for top talent, making metropolitan areas flush with million-dollar homes. But which cities lead the high-priced real estate pack? A 1. San Jose, CA Located in the heart of Silicon Valley, San Jose is the hotspot for 2. San Francisco, CA Just north of Silicon Valley, San Francisco has 42% of its homes valued at over $1 million. But the size of million-dollar homes in San Francisco varies widely depending on location and condition, with 700-square-foot condos in popular neighborhoods going for $1 million, and suburban homes with close to 3,000 square feet listed at the same price. The neighborhoods with the highest appreciation in San Francisco are just east of Lake Merced and bordering San Francisco State University.  3. Los Angeles, CA Are you starting to see a California trend? Los Angeles has long been known for pricey real estate, and its selection of million-dollar homes make up 19% of the market. The average size of million-dollar homes in the City of Angels is 1,720 square feet, with 92% of them built before 1999. The priciest neighborhoods include Bel Air, Brentwood, West Sunset Boulevard, and areas along the Pacific Coast Highway.  4. San Diego, CA San Diego continues the trend of expensive West Coast real estate, with 14% of the homes valued at over $1 million. Median home values in San Diego are around $665,000, with the majority of homes in the area priced between $596,000 and $894,000.  5. Seattle, WA Seattle’s 91% white-collar workforce is a contributing factor to having 11% of its homes valued at a million dollars or more. You’ll find the most expensive neighborhoods near Edgewater Park/Broadmoor, Laurelhurst, and East Roy Street at 24th Avenue East. Newer construction dominates the scene, with nearly 24% of all homes built since 2000.  6. New York, NY New York City is known for its expensive real estate, so it’s no surprise that the Big Apple made this list: 10% of homes are valued at a million dollars or more. But unlike many other urban areas in the U.S., New York’s dense population means that 95% of the city’s homes are apartments, not detached houses. One-bedroom apartments make up 39% of those units, and it’s rare to find a home with five bedrooms or more in the city.  7. Boston, MA In Boston 9% of the housing inventory is valued over $1 million. You’ll find Boston’s priciest real estate at Beacon Street near Fisher College and Boylston Street near Presidential Plaza. Boston is known for its history, and it’s not just monuments and museums — in fact, 50% of the city’s real estate was built before 1940. As a college town, Boston also has a high percentage of renters, with only 33% of homes occupied by owners. 8. Washington, D.C. Like Boston, Washington is a hotspot for American history, but with a larger inventory of newer construction homes: 34% of homes in the district were built before 1940. Million-dollar homes make up 7% of the D.C. real estate market, with Dupont Circle’s historic mansions, Georgetown and The Palisades among the city’s most expensive neighborhoods. Typical home values range from about $236,000 to $1.2 million, with no single price bracket cornering the D.C. market.  9. Miami, FL With glamorous mansions lining its waterways, million-dollar homes are part of Miami’s scenery, making up nearly 5% of the city’s homes. Miami also has some of the newest homes, with 27% of its housing constructed after 2000. Up-and-coming Miami neighborhoods include Buena Vista, City Center and Biscayne Boulevard at Miami Dade College.  10. Denver, CO The Rocky Mountain gem of Denver rounds out the list with 4% of its market consisting of million-dollar homes. Home values are pretty evenly distributed between $122,000 and $914,000, with 86% of them falling in this range. The city is also divided nearly equally between owners and renters, at 49% and 51%, respectively.

Time to celebrate—Pacaso is turning five! In just five years, we’ve broken new ground in the second home market and introduced a model that is reshaping real estate. None of it would be possible without our team of innovators, thought leaders, and most importantly, our incredible owners. As we look ahead to the next chapter, we remain grateful to the community that fuels our success and inspires us to keep innovating and raising the bar. Thank you for being part of our journey. Now, let’s take a look back at the milestones that made our first five years so memorable. Here’s to the next five years of memories, meaningful connections, and innovation. The best chapters of the Pacaso story are still to come.

Luxury real estate trends: Paris & London 2025 Luxury real estate trends in Paris and London point to a year of selective growth, more choice at the top end, and faster deal timelines. For a second home, that translates to better access to prime addresses and turnkey quality in both cities. Globally, prime prices rose 2.8% year over year in Q1 2025, underscoring steady demand for high-caliber homes in world capitals. Pacaso makes ownership in these prestigious markets more attainable through fractional ownership. Instead of buying an entire property, buyers purchase a share of a luxury home in Paris or London. This approach lowers costs while preserving the benefits of equity, appreciation, and personal use, making world-class real estate more accessible to second-home buyers. Paris in 2025 market signals buyers should watch Paris rebounded decisively to start 2025. Lower mortgage rates below 3% and stable pricing have doubled the pool of active buyers and shortened timelines, especially for renovated, move-in-ready residences in prime districts. That momentum is also evident on the Left Bank, where Saint-Germain combines classic architecture with updated comforts, a profile exemplified by Beaux Arts. Set steps from galleries and the Seine, London in 2025 pricing, policy and prime demand London is set for modest 2025 gains of about 2%, supported by strong cash-buyer demand and improving choice at the top end. Across luxury segments, inventory is at a two-year high, with single-family listings up 40.4% and multifamily up 42.6% year over year. Price performance is bifurcated: the best-designed, turnkey listings still command premiums, while buyers have more room to negotiate on homes needing updates. For everyday access to Key luxury real estate trends shaping buyer choices Paris vs London lifestyle essentials for a second home Paris offers How co-ownership supports 2025 buyer behavior Today’s buyers value time and certainty. Pacaso co-ownership provides access to high-demand neighborhoods with professional management and streamlined scheduling, so you spend your time enjoying the city rather than handling home logistics. In Paris, that can look like a classic Left Bank address steps from museums, cafes and the Seine, such as What it means for your next move Here is the bottom line for 2025. Paris is accelerating, with faster transactions in top districts and a broader base of active buyers. London should post around 2% annual growth with more inventory at the high end, giving shoppers greater choice. With global prime prices trending higher and considering these luxury real estate trends, selecting a property that is truly turnkey and well-located remains the clearest path to lasting enjoyment. Ready to explore prime addresses in two world capitals? Browse Pacaso listings in

Luxury home buying in a stabilizing market Luxury home buying is entering a more balanced phase across flagship destinations, and the shift is reshaping luxury real estate market trends. In Paris, Q1 2025 transaction values rose 69% as rates dipped below 3% and buyers returned. London’s prime addresses faced sharp price adjustments and rising inventory, creating room to negotiate. Cabo posted one of its strongest quarters on record, while select U.S. resort hubs show more listings and longer decision windows. In Miami, most April sales closed below asking, another sign of cooler conditions and buyer leverage. What market stabilization means for luxury home buying Stabilization is showing up in three ways: more choice, more time and more precision on price. For luxury home buying, these shifts translate to improved selection, pacing and pricing clarity. Prime central London listings rose nearly 16% year over year, stretching time to sell and shifting power to buyers. In Miami, a larger share of sales closed below ask, signaling realistic pricing wins. In Vail, nearly 45% of active listings saw price reductions in the 2025 summer window, reinforcing the value of disciplined offers and well-priced, move‑in ready homes. Signals by destination How co-ownership performs in a cooler market With luxury real estate market trends pointing to steadier pricing and more selection, co-ownership offers a precise way to align use with value. Pacaso provides professionally managed, designer furnished homes in blue chip locations, so you enjoy the lifestyle and avoid the burden of sole ownership. In a market that rewards optionality and speed, coordinated scheduling and local care teams keep your time focused on experiences, not logistics. For Cabo days centered on golf, water and dining, In the Rockies, Next steps for buyers If you are evaluating luxury home buying across stabilized markets, start by shortlisting destinations with clear usage fit and resilient demand drivers. Browse Pacaso listings in

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

With year-round sunshine, beautiful beaches and endless attractions for every traveler’s interest, there’s a lot to love about Florida. And while Florida has plenty of full-time residents, it leads the country in second homes. According to the Florida has so many great second home destinations, it’s hard to know where to start. If you’re considering buying a vacation home in Florida, here are seven destinations you’ll want to check out.  1. 30A Also called the Emerald Coast, the region known as The area is popular among second home owners in search of beautiful white-sand beaches, impossibly blue-green waters and a slower pace of life. Its Florida Panhandle location makes this area a convenient vacation home location for homeowners throughout the South. 2. Delray Beach Located between West Palm Beach and Boca Raton, Delray Beach has an eclectic restaurant scene, a walkable downtown and an incredible range of live music venues. Atlantic Avenue, known by locals as “The Ave,” is bursting with local boutiques, galleries, spas, breweries and more. 3. Fort Lauderdale Fort Lauderdale is the perfect second home destination for those who believe that the best days are those with plenty of fun in the sun. Located 30 minutes north of Miami, 4. Marco Island Spend your vacation days surrounded by the beauty of the Florida Everglades. A barrier island located off the southwest coast of Florida near Naples, During sun-soaked days, explore the Ten Thousand Islands Wildlife Refuge by kayak, take a sportfishing excursion in the Gulf of Mexico, go bird watching at 5. Miami Cosmopolitan, multicultural and action-packed, Miami is a one-of-a-kind vacation destination. Second home owners in South Florida’s biggest city have a world of opportunities at their fingertips.  6. The Florida Keys Nowhere in the world is quite like Because the archipelago spans 125 miles, there’s an island town to fit every buyer. Key Largo is prized for its convenience, as it’s just an hour from Miami. Watersports enthusiasts and anglers may choose the Middle Keys for its incredible sportfishing and colorful offshore reefs. For a truly remote getaway, consider buying in Key West, the southernmost point in the United States.  7. West Palm Beach Like many parts of Florida, Golf at more than 20 courses within the city limits and some 75 more within 20 miles. Sink your toes into the sand at local beaches including Lake Worth, Juno Beach and Ocean Reef Park. And on that rare rainy day, find shelter at the Choosing a destination is just one of the many decisions you’ll need to make on your journey to buying a vacation home in Florida. Here are a few more things you’ll want to keep in mind. 1. Home type Florida’s second home real estate market includes a 2. Amenities and lifestyle Swimming pools are one of the most 3. Affordability As one of the most popular destinations in the United States, it’s no surprise that real estate in Florida doesn’t come cheap — especially if you want to be close to the beach. Some Florida destinations are considerably more expensive than others, so having some flexibility with your target destination can put more homes within reach. 4. Rental potential Some second home owners aim to offset ownership costs by 5. Accessibility  Second home owners in Florida come from all over the United States, and beyond. But how often you’re able to use your second home often comes down to how easy it is to get there. You may find you’ll get more use out of a vacation home that’s close to a major airport or within easy driving distance of your hometown. 6. Low season experience  While Florida does boast plenty of year-round sunshine, there are seasonal variations to consider. People sometimes make the mistake of buying a second home in a destination they’ve only visited under ideal conditions. Take the time to experience your favorite Florida destination in non-peak seasons like during the heat of summer or the unpredictability of hurricane season.   Buying a vacation home in Florida also comes with its own share of pros and cons. Before you take the next step towards owning your dream home, here are some pros and cons to consider. Year-round sunshine + lifestyle perks Florida’s warm climate, beautiful beaches, championship golf courses, and boating lifestyle are a major draw for second-home buyers. Owning a vacation home gives you a consistent, comfortable place to return to without the hassle of booking hotels or rentals. Over time, it can also transition into a primary residence or retirement home, adding long-term lifestyle flexibility. Strong rental income potential High demand during peak travel seasons, especially winter and spring, can make short-term rentals highly lucrative in popular destinations. Renting your home when you’re not using it can help offset expenses like your mortgage, property taxes, insurance, and maintenance. In well-located markets, some owners generate meaningful supplemental income. No state income tax Florida’s 0% state income tax can be a meaningful financial advantage, particularly for high earners or those considering establishing residency. This can improve overall tax efficiency compared to owning in higher-tax states. Long-term appreciation potential Desirable coastal and lifestyle-driven markets in Florida have historically shown strong demand and resilience. Limited waterfront inventory, population growth, and continued tourism can support long-term property value appreciation. Potential tax advantages (if rented) If you rent out your property, you may be eligible for deductions such as mortgage interest, property taxes, insurance, property management fees, and maintenance expenses. When structured properly, these can help improve overall investment returns (consult a tax professional for specifics). High insurance costs Insurance is often the biggest drawback right now. Florida has some of the highest homeowners insurance premiums in the U.S., and many properties require additional hurricane/windstorm and flood insurance policies. Costs can be unpredictable and have risen significantly in recent years. Hurricane and climate risk Florida is the most hurricane-prone state in the U.S., which brings risks of property damage, storm-related disruptions, and rising insurance costs. Long-term climate considerations like flooding and sea-level rise can also impact property values and resale in certain areas. High ongoing costs Beyond your mortgage, ownership costs can add up quickly. These often include property taxes, insurance, HOA fees, utilities, and ongoing maintenance. Florida’s humidity, salt air, and storms can accelerate wear and tear, with maintenance typically running around 1–2% of the home’s value annually. Seasonal rental income swings Rental income is often concentrated in peak months. While winter and spring can be highly profitable, off-season demand may drop, leading to vacancies or reduced rates. Owners need sufficient cash reserves to cover expenses during slower periods. Short-term rental restrictions Regulations vary widely by city and HOA. Some areas restrict or prohibit short-term rentals altogether, while others require permits, taxes, and strict compliance. Navigating these rules can add complexity and limit your rental strategy. Market volatility in some areas Vacation home markets can be more sensitive to economic shifts than primary housing markets. Oversupply in certain areas, changing travel trends, or rising costs (like insurance) can impact both rental income and resale value. Buying and owning a Florida vacation home doesn’t have to be a solo pursuit. When you buy with Pacaso, you can enjoy all the benefits of second home ownership without all the hassle — or the full price tag.  Each Pacaso home has a maximum of eight owners, giving everyone plenty of access to the home while splitting both the upfront purchase price and

There’s a reason this part of Florida is called the Paradise Coast. Located south of Naples on the Gulf of Mexico, Marco Island is a popular year-round travel destination for nature lovers, sun worshippers, anglers and just about anyone who enjoys a slower pace of life under the Florida sunshine.  There are so many unique things to do in Marco Island that it can be hard to know where to start, so we’ve compiled 10 fun-filled activities for your next visit to Marco Island. And if you’re interested in making frequent visits, consider 1. Sink your toes in the sand at South Marco Beach With clear blue-green waters, soft, white sand and plenty of nearby amenities, It’s one of only two public beaches on the island and is open year-round from dawn to dusk. Public parking is available for a $10 fee if you don’t have a Collier County Resident Beach Parking Permit. However, dogs are not permitted, so be sure to plan accordingly. 2. Thanks to the natural beauty of the Gulf, Marco Island has been inspiring artists for as long as people have lived here. The In addition, the center offers a range of art classes for both adults and kids. It also offers unique events and experiences like concerts, comedy shows, film screenings, and live theater, providing a cultural experience on the island beyond sand and water. 3. A favorite watering hole for locals, You’ll also find a menu full of classic pub grub, from burgers and nachos to pizzas and tacos. Best of all, it’s a great place to watch sports, with multiple TV screens and an indoor/outdoor full-service bar. 4. Accessible by charter boat or kayak, the Today, they’re abandoned, and erosion and rising sea levels have surrounded them by water. It’s a truly one-of-a-kind place to visit, and also a popular spot for anglers. 5. Marco Island serves as the gateway to the 6. If Marco Island charter fishing is on your to-do list, this Gulf Coast destination is the perfect place to reel in your next big catch. The town serves as the perfect jumping-off point for a fishing expedition thanks to its easy access to both the backwaters of the Ten Thousand Islands and the open waters of the Gulf of Mexico.  Hire a knowledgeable local captain, and head offshore in search of grouper, tuna and king mackerel, or stay closer to shore to target tarpon, snook, and redfish. Many charters depart from nearby marinas and tailor trips to your experience level, whether you’re planning a half-day outing with the family or a full-day deep-sea adventure.  The area’s year-round fishing seasons and rich marine ecosystem mean there’s almost always something biting, making Marco Island one of the most rewarding places in Southwest Florida to cast a line. 7. The coastal waters surrounding Marco Island are home to a wide range of wildlife, and many of these animals are best seen from the deck of a boat. Several local companies offer Marco Island boat tours that focus on wildlife viewing and scenic cruising through the area’s coastal waterways and mangrove islands.  Depending on the time of year you visit, you may spot playful dolphins riding the boat’s wake, gentle manatees gliding through calm backwaters, and even sea turtles surfacing for air in the warm waters of the Gulf of Mexico.  Many boat tours also explore the nearby Ten Thousand Islands, a maze of mangrove islands and shallow estuaries that provide critical habitat for birds, fish, and marine mammals. Along the way, guides often share insights about the region’s ecosystem, local history, and the best places to spot wildlife.  With calm waters and abundant marine life, dolphin-watching tours are one of the most memorable and family-friendly ways to experience Marco Island’s natural beauty. 8. A more tranquil option than South Marco Beach, It’s also one of the best spots on Marco Island for shelling. Eagle-eyed beachcombers may find conchs, sand dollars, scallops, and other colorful shells washed up along the shore, especially in the early morning or after storms. The area is also a haven for birdwatching, with species like egrets, herons, sandpipers, and osprey frequently spotted along the sandbars and mangroves. 9. Held every Wednesday morning at Mackle Park, the Beyond the food, the market is a lively gathering place where visitors can browse handmade crafts, pick up unique souvenirs, and chat with local farmers and artisans. Many people come early to enjoy breakfast, sip fresh coffee, and stroll through the park while listening to live music or soaking up the warm sunshine. 10. Do some waterfront shopping at the Esplanade Shoppes  Designed to resemble a coastal Italian village, the The Esplanade is also known for its dockside restaurants and marina views, where diners can watch boats come and go while enjoying fresh seafood or a sunset cocktail. The center features a scenic courtyard with an open-air bar and fountain that often has live music in the evenings, making it a great gathering spot. How do I buy a second home in Marco Island with Pacaso?  Pacaso makes owning a second home simple by leveraging an Ready to make Marco Island your home away from home? Browse

Owning a vacation home in London puts you at the center of one of the world’s most iconic cities, with landmarks like Big Ben and Tower Bridge, world-class theater in the West End, and globally inspired dining just steps away. Though like any major global city, it comes with a few drawbacks. Below, we break down 16 pros and cons to help you decide if owning a home in England’s capital is right for you. London 101: Is London a good place to live? London is one of the United Kingdom’s biggest draws, with a population of But London is more than a tourist destination. It’s also an economic powerhouse, ranked the #1 most desirable city in the world by Resonance Consultancy’s Pros of living in London There are plenty of reasons to move to the U.K. and settle in London, with its blend of modern infrastructure and historic attractions. Here are 10 areas where London delivers when it comes to day-to-day life: 1. Accessible healthcare and medical support London’s residents have access to the National Health Service (NHS), a publicly funded healthcare program for U.K. residents. As long as you are legally recognized as a resident, you can expect free general practitioner visits. Many medical services are covered, such as regular doctor visits and mental health services. If the NHS doesn’t cover everything you need, you’re free to opt into a private insurance plan to supplement your nationwide healthcare. About one out of eight Britons holds a private medical insurance policy, according to 2. A hub of national and international travel London is well-known as an international city and is therefore highly globally connected and well-designed for travel. London Heathrow Airport was named the Trains are popular for commuting both nationally and internationally to and from London. The National Rail connects residents across England, Wales and Scotland. Eurostar’s international rail service departs from St. Pancras International, a major station in central London, and brings travelers to other popular hubs such as Amsterdam, Brussels, and Paris in just a few hours. 3. High quality of living and safety One indicator of London’s high quality of living is its school system, where 27.2% of elementary schools are considered outstanding, and 65.4% are considered good, according to The Health Foundation. This means that it’s more than just a safe destination for 4. A variety of job opportunities  Living in England is viable if you’re seeking employment. London has a higher concentration of opportunities than the U.K., and an overall employment rate of 74%. It’s important to research the industry you work in beforehand to understand the demand and gauge how challenging it is to land a job in your field.  The fintech market dominates much of London’s economy, and the city expects a 5. Plenty of green space Despite being known as a metropolitan destination, London has a surprisingly large concentration of green spaces. There are about Many of London’s green spaces are open to the public, making them among the best options for  6. Access to public transport London is primarily serviced by the London Underground rail service, also known locally as the Tube. It’s comprised of 272 stations and runs 11 lines that traverse through the city as well as the surrounding suburbs. London’s bus system operates over 700 routes, many of which are available 24/7, and these two services cover the entire city.  The Elizabeth Line is popular for travelers and takes commuters directly to Heathrow Airport. Suburban residents usually take the London Overground, which connects them to the city center. Public transportation in London is generally affordable, with most fares ranging between £2.80 and £5.60 for a single trip.  Most of London’s trains are wheelchair accessible, and 100% of the city’s buses offer step-free access. Transport is equipped with visual and audio announcements for further accessibility.  In addition to its trains and buses, London is known for its iconic black cabs, widely regarded as among the best taxi services in the world. Drivers must pass a famously difficult exam called the Knowledge, which requires memorizing thousands of streets and landmarks across the city.  Because of this rigorous licensing process, becoming a licensed London cab driver is considered a prestigious achievement and passengers benefit from drivers with an exceptional understanding of the city’s layout. 7. Plenty of things to see and do  Life in England is about more than the daily routine — it provides a unique opportunity to see some of the most globally sought-after attractions, and many of them are in the heart of London. History is a big draw, with Educational staples include the Natural History Museum and British Museum, both of which offer free admission. There are also plenty of performances at notable venues like the Lyceum Theatre and Apollo Victoria Theatre. Culinary options are abundant and diverse, ranging from the Mexican favorite Wahaca to the charming Peggy Porschen bakery. 8. Exciting nightlife options No matter which neighborhood you live in, London offers plenty of nightlife options. However, the highest concentrations are in the Mayfair, Shoreditch and Soho neighborhoods. You can enjoy world-class venues like Royal Albert Hall or the O2 Arena, where pop tours, orchestral performances and international DJs perform most nights.  For more intimate experiences, the Comedy Store in Soho is an incubator for UK comedians and Camden’s Jazz Cafe offers a distinguished experience for soul, blues and swing music fans. The Village Underground, located in East London, hosts up-and-coming indie acts in a trendy warehouse club. London is also widely considered one of the best dining cities in the world, known for everything from classic fish and chips and Sunday roasts to globally inspired cuisine. The city is home to acclaimed restaurants like Dishoom, famous for its Bombay-inspired dishes and Restaurant Gordon Ramsay, one of the city’s most celebrated fine dining destinations. 9. Abundant culture and history London is an Anglophile’s paradise, with centuries of rich history that have built the city’s unique cultural draw. The monarchy remains one of the most notable parts of London’s heritage, and if you live in London, you may see its influences on a daily basis.  Buckingham Palace is located in Central London and is the home of the British monarch. Many flock to its facade to witness the famous Changing of the Guard ceremony or to get a glimpse of the royal family on major national holidays. Westminster Abbey and Kensington Palace are other notable places to learn about this rich history.  Cons of living in London Like any major city, living in London comes with a few drawbacks. Here are the most important cons to consider if you plan on living in the capital city:  11. Cost of living London is notoriously expensive, which can be prohibitive if you plan a major move. Numbeo cites that the average cost of a one-bedroom apartment in the city center is However, if you’re coming from the United States and have a sizable income, costs may feel more reasonable. For example, Numbeo’s comparative report reveals that the cost of living in London is 12. The population density If you’re not a fan of the hustle and bustle of a major city, London may not be the best fit. Especially in central boroughs like Kensington and Camden, there are both residential and tourism crowds to contend with most of the time.  This sometimes leads to packed trains, slow congested roadways and a good amount of noise. It can often lead to higher rates of petty crime, such as 13. A vast number of tourists In 2024, London welcomed approximately The main drawback of London’s tourism industry is that it's essentially nonstop. Travelers love to visit for the summer’s Wimbledon Championship games as much as they do for the London Christmas Markets in winter. This can be a struggle for residents who have to endure long lines and inflated prices because of the city’s popularity. 14. Lack of cleanliness Parts of London with high foot traffic, such as King’s Cross, Victoria and Oxford Street, are often dirtier due to tens of thousands of people moving through them on a daily basis. London is known for its rain, which not only dulls the city's appearance but also slows construction and the work of city workers tasked with building and cleaning the region.  Tourism also complicates the issue since there isn’t an official “off-season” when the city can recover and straighten up. This combination of tourism with a dense population makes London feel grittier than other areas in the U.K. 15. Poor air quality Poor air quality is a concern in London, especially in densely populated neighborhoods and near major roads. The city has consistently worked to reduce air pollution, but levels 16. Wet and gloomy weather London experiences four distinct seasons, but one factor persists year-round — dampness. While the city isn’t known for torrential downpours, brief showers and light drizzles are very common.  While this isn’t the biggest hindrance for walking through a neighborhood or driving, it may cause mold issues and additional wear and tear on your home. Additionally, the frequency of grey skies can be a challenge for some residents, especially during the darker winter months. 17. Unreliable transportation While London’s public transportation system is quite comprehensive and reaches most areas of the city, it comes with issues such as overcrowding, congestion and delays. Since London has one of the oldest networks of trains in the world, much of its infrastructure is aging more quickly than the city can keep up with. Buses also experience significant delays due to heavy traffic and lane closures, making it difficult to predict how long it will take to commute throughout the city. Driving in the city can also be a challenge with higher gas prices than in other areas of the country and slow driving during peak hours. Popular places to live in London London houses 32 distinct boroughs and hundreds of neighborhoods and districts, each offering a unique set of activities and communities to engage with. While it’s worth it to take the time to find the perfect fit for your relocation, here are three of Mayfair  Mayfair is one of London’s most refined neighborhoods, lined with Michelin-starred dining options, high-end real estate and luxury shops. It’s also a cultural hotspot with a cluster of art galleries, as well as the Royal Academy of Arts. It’s an ideal neighborhood for high-earning professionals who want to live close to work, as it’s in proximity to business districts in central London.  If you’re interested in getting a vacation home in London, check out Pacaso’s Westminster  Westminster is in the heart of central London, best for those who want to live within walking distance to the city’s most iconic landmarks, such as Big Ben and the Houses of Parliament. It’s a great option for those who don’t want to drive, with many transportation stations in the neighborhood. Tourism and royal events keep the neighborhood busy year-round.  Chelsea  Chelsea is a riverside gem, lined with townhouses that give the neighborhood a polished yet residential feel. It’s located in Southwest London and its main vein is King’s Road, a strip lined with design shops, boutique clothing stores and several notable restaurants. It’s best for those who want city access with a laid-back atmosphere.  If you’re interested in owning a luxury property in Chelsea, explore Pacaso’s Live in London with ease with Pacaso With Pacaso’s professionally managed LLC co-ownership model, buyers can purchase ⅛ or ¼ of a luxury second home, sharing costs with like-minded owners while enjoying dedicated time in the property each year. Pacaso’s team leverages local expertise to simplify buying, financing and ownership abroad – helping avoid the logistical challenges that often come with traditional international purchases. Pacaso also curates luxury homes in London’s most desirable neighborhoods, furnishes and designs them to be move-in ready, and provides a dedicated local property manager to handle maintenance, vendors and day-to-day oversight. The result is a streamlined, hassle-free way to own a second home in London without the administrative burden of managing it yourself. If you’ve weighed the pros and cons of living in London and decided to take the leap, browse our selection of

South Carolina is home to some of the most beautiful and varied islands on the East Coast. And the best islands in South Carolina offer experiences for a variety of travelers, from those seeking luxurious golf course-lined retreats to quaint, small-town family getaways. In this guide, we’ll help you compare each destination by lifestyle, amenities and long-term appeal, so you know what to expect when buying a second home in the area. 1. Hilton Head Island Hilton Head Island offers one of the most well-rounded experiences on the South Carolina coast, blending family-friendly amenities with upscale touches. Golfers love it for its 20+ courses, and cyclists flock to the 60+ miles of scenic bike trails. With a robust dining scene that includes spots like Michael Anthony’s Cucina Italiana and The Jazz Corner, and high-end resorts, it’s no surprise that Hilton Head is one of the The Looking for a space that can accommodate a large group of family and friends? Check out 2. Kiawah Island If you’re seeking privacy, exclusivity and top-tier amenities, Its carefully planned community layout makes it feel peaceful and uncrowded, ideal for buyers who value serenity. That said, the controlled access and limited nightlife can feel a bit quiet if you’re used to more social or bustling beach towns. Still, as one of the best islands to live on in South Carolina, it offers a more quiet beach escape while having access to upscale amenities. Interested in purchasing a second house in Kiawah Island? Check out 3. Seabrook Island Seabrook Island offers a calm, residential alternative to its neighbor, Kiawah, with just as much natural beauty but a more understated atmosphere. The island is known for its peaceful pace, scenic marshes and low-density living. Plus, it’s home to a renowned equestrian center and two beautiful golf courses, Ocean Winds and Crooked Oaks. This South Carolina island is an excellent option for second-home shoppers who want a more local-feeling, lived-in community. While Seabrook has fewer shopping and dining options compared to other South Carolina beach towns, its appeal lies in what it doesn’t have: crowds, traffic and noise. 4. Edisto Island Edisto Island is a top pick for Edisto’s laid-back vibe makes it one of the best islands to live on in South Carolina for those who want peace over prestige. Just keep in mind, entertainment options and nightlife are minimal, making it a better fit for nature walks and stargazing than cocktail hours. 5. Fripp Island Fripp Island blends a private island experience with an approachable, family-first atmosphere. Located near Hunting Island State Park, this gated community is known for its abundant wildlife, bike-friendly roads and safe, easygoing environment. It’s particularly attractive to second-home buyers with kids or grandkids, offering amenities like golf carts, tennis and beach access within a close-knit community. The gated access adds to the sense of seclusion, though it can also mean more planning for guests and deliveries. 6. Daufuskie Island Daufuskie Island is perfect for buyers who want something rare and remote. With boat-only access, no traffic and a rich Its charm is undeniable, but living here means adapting to limited services and ferry-only transportation. If you’re  7. Folly Beach Folly Beach brings boho beach vibes and a surfer’s spirit, and it's all just minutes from downtown Charleston. It’s one of the liveliest South Carolina beach towns, with live music, beachfront bars and a casual vibe that attracts both locals and visitors. It’s also a great option for second-home buyers who want proximity to city amenities. But with popularity comes congestion: summer parking can be tight and beach access is best enjoyed early in the day. Still, Folly’s personality and location make it a standout on any coastal shortlist. 8. Isle of Palms Isle of Palms offers a polished resort feel with excellent proximity to Charleston. With long stretches of beach, access to Wild Dunes Resort and abundant water sports, it’s well-suited for second-homeowners looking for a balance of relaxation and recreation. Rental demand is strong, especially in peak season, making it a good candidate for passive income, though that popularity means the island can feel quite busy. Yet, it remains one of the best islands in South Carolina for families, thanks to its clean beaches and activity-rich environment. Located on the quiet side of the island, 9. Sullivan’s Island Sullivan’s Island strikes a rare balance between quiet charm and high-end living. It’s known for its quiet residential streets, upscale dining and historical landmarks like With restrictions on short-term rentals, the island stays peaceful year-round—a major draw for second-homeowners who prefer community over tourism. While it’s not a nightlife hotspot, the calm, consistent atmosphere is exactly what many buyers are looking for. For 360-degree ocean views and a mix of relaxing indoor and outdoor living spaces, check out Pacaso's 10. Hunting Island Hunting Island isn’t a place to buy a home but a place to reconnect with the wild. As a protected state park, this barrier island offers hiking trails like Lagoon Access Trail and Diamondback Rattlesnake Trail, historical lighthouse views and untouched beaches that feel like a world away. Since it’s not residential, it works best as a day-trip destination or nature-filled weekend outing, particularly if you own on nearby Fripp Island or Beaufort. 11. Bulls Island Bulls Island offers pure wilderness just a short ferry ride from the mainland. Part of the With zero development or commercial activity, Bulls isn’t a place to live, but it’s a must-see for second-homeowners nearby who want a taste of untamed South Carolina coastline. What to consider before choosing a South Carolina island Before choosing the best South Carolina island for your second home, consider the amenities provided, seasonal changes, and accessibility. When deciding on your slice of paradise, look at the following key factors: Find the island that fits your lifestyle with Pacaso At Pacaso, we help buyers find second homes in places that fit their lifestyle. No matter your preferences, we’ve got it: a luxury retreat on Kiawah Island, a family escape on Hilton Head or a laid-back surf town like Folly Beach. Our LLC co-ownership model lets you own a slice of a high-end second home for a fraction of the cost, with professional management and year-round enjoyment. Take a look at your potential

San Diego has beautiful landscapes, great weather and vibrant culture in equal measure. And no matter what area you see yourself living in, there's a place that's perfect for you in one of the best neighborhoods in San Diego. Want to live close to the beach so you can go surfing whenever you have a free moment? Look for a place in Encinitas. If you love the nightlife, a vacation home in the East Village can help you maximize your time at the clubs and bars.  Discover more of our top picks for the best neighborhoods to live in San Diego below. 1. La Jolla La Jolla is quintessential California living and one of the best neighborhoods to live in San Diego. It's close to some of the La Jolla is also one of the quieter parts of the San Diego area and features some great recreation opportunities at La Jolla Cove and Torrey Pines State Reserve. For young professionals, retirees and families, it's a perfect fit for a While La Jolla isn't the most walkable part of San Diego, there are still lots of places for you to walk, including shopping and natural areas. We recommend strolling the 2. Mission Bay  The Mission Bay area truly embodies 3. Encinitas Encinitas was named one of the 50 If you've never surfed before, book a lesson at 4. Ocean Beach Ocean Beach gives you pretty much everything you could want when you're looking for the best neighborhoods to stay in San Diego. It's close to the water and only a few miles from downtown, making it an excellent choice for those who can't decide between living in the 5. Barrio Logan For authentic city vibes and the excitement of an up-and-coming community, you can't do any better than Barrio Logan. Nestled just outside of the downtown area, it's full of converted warehouses that are home to some of the city's best artists, galleries, breweries and restaurants.  If you're a young professional or like to be where the old meets new, Barrio Logan is where you need to be. Barrio Logan's proximity to the border also makes it perfect for anyone who loves traveling to 6. Little Italy If you're a full-on foodie, you want to be in Little Italy. From classic restaurants like Along with great eateries, Little Italy is home to a bustling Saturday 7. East Village The East Village neighborhood has seen a lot of change — what was once a rundown area full of warehouses east of the Gaslamp Quarter is now one of the best neighborhoods to stay in San Diego. It’s home to the 8. Hillcrest As one of San Diego's oldest neighborhoods, Hillcrest has something for everyone. It's one of the city's LGBTQ+ hubs (San Diego's Pride Parade takes place there every year) and a magnet for artists.  It's located next to 9. Pacific Beach The Pacific Beach neighborhood is ideal for California beach living. Take a stroll (or skate or bike) along the boardwalk, go surfing, head to SeaWorld with the family or grab some authentic tacos.  Pacific Beach really comes alive at night as one of the party hotspots for college students in the area. If you're searching for a neighborhood with everything you need to have fun and relax, you can find it in Pacific Beach. 10. Carlsbad Carlsbad is the type of tourist town where you actually want to have a Whether you're looking for a 11. Imperial Beach Imperial Beach is right across the border from Tijuana, Mexico. The Pier Plaza is great for watching the water, the surfing in the area is excellent and you can even ride horses on parts of the beach. The wildlife refuge at the 12. North Park North Park is at the top of the coolest and best neighborhoods in San Diego for many reasons. It's stuffed with vibey cafes, photo-worthy eateries, hip bars and breweries and one-of-a-kind boutiques and gift shops. But it isn't all go-go-go in North Park; 13. Kensington Founded in the early part of the 20th century, Kensington is a true local neighborhood. That means the community is tight-knit, friendly and home to hidden gem restaurants, cafes and shops. If the idea of living in a walkable part of the city that’s quiet and a little removed from some of the glitz and glam (while still being a short trip away from downtown or the beach) sounds ideal, check out Kensington. 14. Oceanside Oceanside is experiencing a rebirth as a distinct neighborhood that brings everything from surfing to cuisine together in a fun, photo-worthy package. At the northern tip of the city, Oceanside is home to some of the largest beaches in San Diego and is one of California's Cultural Districts that highlights unique local artists and homegrown culture. As a gateway to the city, it has a little bit of everything people think of when they think of San Diego. 15. Old Town Old Town is a great choice of neighborhood for people who aren't sure exactly where to live in San Diego because it has a great variety of things to do. Its mixture of authentic Mexican restaurants, historic buildings at the Old Town San Diego State Historic Park and 16. Coronado Coronado is located on Coronado Island and connected to San Diego via the San Diego-Coronado Bridge. This island community is known for its wide sandy beaches, charming streets and relaxed pace of life.  The neighborhood is anchored by the iconic With its calm atmosphere, excellent schools and postcard-worthy scenery, Find your future home in San Diego with Pacaso Visiting San Diego is always a treat, and the more time you spend there, the easier it will be to find the best neighborhoods in San Diego that are a perfect fit for your lifestyle. The city is one of the When you're looking for a

Beyond the tourist facade of the City of Love lies a collection of vibrant neighborhoods, each offering a unique slice of Parisian life. That said, finding the best places to live in Paris can feel overwhelming due to the sheer number of neighborhoods and lifestyle options.  To help, we’ve picked the 11 best neighborhoods to live in Paris. Whether you’re looking to How Paris neighborhoods work (quick primer on arrondissements) Paris is split into 20 distinct districts called arrondissements. These arrondissements are arranged in a snail-shell shape, starting in the middle and winding outward. The first arrondissement sits in the center near the Louvre, and the higher numbers sit on the city edges. You’ll want to keep this simple system in mind when deciding which arrondissement to choose in Paris. The River Seine cuts the city in half to create the Left Bank and the Right Bank. The Left Bank ‌is filled with historic charm and artistic areas. The Right Bank feels more fast-paced and modern. Finding the best area to stay in Paris for you comes down to matching the neighborhood to your lifestyle rather than prestige.  You can explore our Best places to live in Paris at a glance Use this list to quickly find the best neighborhoods to stay in Paris for your specific needs. 1. Le Marais (3rd & 4th Arrondissements) Le Marais is a historic district known for its trendy boutiques, art galleries and thriving LGBTQ+ scene. The winding streets have centuries-old mansions that owners have turned into stylish shops and apartments. You can step into the lively atmosphere of Place des Vosges or admire the exhibitions at the Centre Pompidou. The Le Marais area is an excellent location for a second home because of its walkability. You rarely need public transport when the best bakeries and shops are right downstairs. The neighborhood stays active all year, so you never arrive at a quiet or empty street. 2. Saint-Thomas-d'Aquin (7th Arrondissement) Saint-Thomas-d’Aquin offers a calmer and more residential version of the Left Bank experience. The neighborhood is known for its elegant Haussmann buildings, art galleries and proximity to some of Paris’s most important cultural landmarks. Streets here feel polished and quiet, with fewer crowds than nearby Saint-Germain-des-Prés while still being close to cafes and shopping. For a second home, Saint-Thomas-d’Aquin appeals to buyers looking for privacy and convenience in a central location. You are within walking distance of the Seine and major museums, yet the atmosphere remains relaxed and residential. The neighborhood feels distinctly Parisian without the constant tourist traffic found in more famous areas. Interested in exploring Pacaso’s luxury homes in Saint-Thomas-d’Aquin? Check out our 3. Saint-Germain-des-Prés (6th Arrondissement) Saint-Germain-des-Prés is known for the classic Parisian experience and served as the meeting place for famous writers and philosophers throughout the 20th century. You can still feel that history today while sitting at iconic spots like Café de Flore or Les Deux Magots. The streets are lined with luxury fashion boutiques and historic churches like the Saint-Germain-des-Prés is arguably the most desirable location for a second home in Paris. You get the safety and quiet of a residential area, along with the excitement of the city center. Living in the 6th means you can start your morning with a run in the Jardin du Luxembourg and end it with a glass of wine on a terrace. That is why you’ll find so many Pacaso homes here, including our listing on 4. Latin Quarter (5th Arrondissement) The Latin Quarter is steeped in academic tradition and bohemian culture. You’ll find the prestigious Sorbonne University and many charming bookstores in this neighborhood. The neighborhood is often considered one of the best places to live in Paris for students because of that academic energy. The lively student population means the cafes and bistros stay busy all year. The 5th Arrondissement works well for a second home because it balances deep history with youthful vibrancy. You’re buying into a part of the city that feels truly ancient and authentic. You can stroll along the narrow streets as you admire the Gothic architecture of the Sorbonne or relax by the serene waters of the Seine River.  5. Montmartre (18th Arrondissement) Montmartre sits high on a hill, allowing for some of the best views in the city. The area is also famous for its artistic history and bohemian atmosphere. You’ll find places like the iconic 6. Canal Saint-Martin (10th Arrondissement) Canal Saint-Martin is a trendy neighborhood known for its beautiful waterway and lively street art. You’ll find spirited bars and restaurants packed with locals here. The area ranks as one of the best places to live in Paris for young adults because of its laid-back atmosphere. You can rent an electric boat, stroll along the iron footbridges or just relax at a cafe by the water. The Canal Saint-Martin district fits those who want to live like a local. You get a genuine sense of local life here. The vibe blends hip urban culture with natural beauty. You might also find that homes are often priced lower than in the city center, so you can often get more space for your money. 7. Passy (16th Arrondissement) Passy is one of the most affluent and secure neighborhoods in Paris. The area features elegant Haussmannian architecture that lines peaceful residential streets. It has a distinct village atmosphere that feels removed from the chaotic tourist centers. The 16th Arrondissement borders the massive Bois de Boulogne park. Residents enjoy immediate access to expansive green spaces for walking and relaxation. A second home in Passy works well if you want a sophisticated vibe with a strong sense of community. You can indulge in high-end shopping along the bustling Rue de Passy or explore local food markets. Living here means you experience the polite and polished side of Parisian life. 8. Madeleine (8th Arrondissement) If you love the glitz of high-end living, then you’ll find that magic in Madeleine. The streets are packed with world-class fashion houses and some of the best fine-dining spots in the city. You can spend your afternoons wandering past the massive columns of the Madeleine is a great central spot to choose for a second home in Paris. You’re very central to the 9. Trocadéro (16th Arrondissement) Trocadéro has one of the best views of the Eiffel Tower in the area. You’ll have many opportunities to enjoy it thanks to its wide avenues and stately stone palaces. You can spend your afternoons wandering through the formal gardens or visiting the museums inside the Palais de Chaillot. It’s also close to the majestic Bois de Boulogne for morning walks or weekend picnics. The area is a fantastic choice for a second home for a peaceful retreat that still feels prestigious. Many international buyers prefer this district because it’s safe and feels like a true residential community. 9. Louvre/Tuileries (1st Arrondissement) You’ll find yourself in the exact center of the city when you stay in the 1st Arrondissement. That means world-class treasures like the Louvre Museum and the Palais Royal are right at your doorstep. You can spend your mornings strolling through the manicured Tuileries Gardens or browsing the boutiques along Rue de Rivoli.  The district is an incredible choice for a second home because you have much of the city within walking distance. You’ll love how easy it is to reach any other neighborhood since the main transit lines all meet here. 11. Bastille (11th Arrondissement) The 11th Arrondissement is on the lively side of Paris. Here, streets are packed with fashionable cafes, hidden galleries and some of the best nightlife in the city. The area around Place de la Bastille has a youthful energy that makes it a favorite for those who want to experience the city like a local. Bastille is a great choice for a spacious, lively second home without the cost of more central neighborhoods. You can easily spend your mornings at the busy local markets or take a short stroll down to the Seine River. It also stays lively all year long, unlike some tourist-heavy areas. 12. Bercy (12th Arrondissement) If you prefer modern architecture and wide-open spaces, you’ll enjoy living in Bercy. The neighborhood is home to ‌Parc de Bercy, a massive green space built on the site of old wine storehouses. You can spend your days wandering through the gardens or exploring the nearby Bois de Vincennes.  You can also catch a world-class show at the The district is a great option for a second home with modern comforts and local charm. Living in the 12th Arrondissement feels quieter and more open than the busy center. Many buyers also appreciate the excellent transit links, especially the automated Metro Line 14 which makes it easy to travel across the city. What it’s like owning a home in Paris Owning a pied-à-terre (home) in Paris is a great lifestyle choice, yet it often comes with a mountain of paperwork and confusing local laws. You might find yourself struggling with French bureaucracy or trying to find a plumber who speaks your language. New energy laws now force you to pay for expensive renovations before you can even use or rent out many older apartments.  You also have to use the “Notaire” system, where legal fees and taxes can take months to process. And in most older buildings, it’s hard to put in air conditioning or elevators without a unanimous vote from every neighbor in the block. Buying with A smarter way to own a home in Paris The decision between the best places to live in Paris comes down to what you prefer for your stay. Gaining access to luxury homes in dream cities is just one of four reasons to consider co-ownership for your life abroad. Browse all of our

Northern California’s bucolic Napa Valley is arguably the country’s most famous wine region, producing vintages sought by wine lovers across the world. And while locals and visitors alike do spend plenty of time sipping and savoring wines from the region’s nearly 500 wineries, there are several things to do in Napa Valley other than wine tasting. With an irresistible Mediterranean-type climate, plenty of unspoiled nature and distinctly lovely communities, Napa Valley offers something for everyone. If you’re considering making the Napa Valley area your home away from home, you’ll want to add these 10 great activities to your to-do list. 1. Visit the best places to eat in Napa for world-class cuisine Where there’s great wine, there’s usually great food, and that’s definitely true in Napa. The valley is home to more than a few acclaimed restaurants. Perhaps the best-known is Farm-to-table restaurants are most popular in the region, whether you’re eating at a fine dining establishment, casual bistro or Napa’s 2. Take a hot air balloon ride in Napa for exceptional views Crisp, early morning breezes and incredible vistas await when you start your day with a 3. Treat yourself to a spa day at the best hot springs in Calistoga The north end of the valley boasts soil with high volcanic ash content (one of the reasons Napa Valley is an ideal grape-growing region) and The town’s therapeutic and rejuvenating mud and mineral baths have made it a haven for spa-lovers. Whether you’re looking for one simple treatment or indulging in a full spa getaway, Calistoga boasts more than a dozen spas to fit your needs — from private or couples’ tubs at Baths at Roman Spa to four outdoor geothermal mineral pools at different temperatures, featuring a mountain backdrop, at Calistoga Spa Hot Springs. 4. Hop aboard the Napa Valley Wine Train What’s more romantic than enjoying a gourmet meal and world-class wine on a beautifully restored 1915 Pullman train car as you roll through vineyards and watch the sun set over the valley? Not much — and that’s why the Over the course of three hours, the elegant, historic train travels 36 miles from Napa to Saint Helena and back. The Wine Train offers a variety of lunch or dinner services with seating in a vintage two-story observation-style dining car. Or you could opt for a full-day Wine Train adventure over six hours that includes both a four-course meal and three wine tasting stops.    If you’re looking for unique things to do in Napa, consider reserving a 5. Explore charming towns in Napa Valley The valley is studded with many small towns, each with a distinctive vibe and plenty of things to do. Next comes 6. Go hiking in Napa Valley Nature lovers will find plenty to do in Napa Valley. Beat the summer heat with a walk along a creek in the redwood and madrona forests of Looking for more of a challenge? Hike to the top of 7. Bike Napa Valley Vine Trail Burn off all those fine meals and wine tastings with a bike ride on the 8. Hit the links at the best golf courses in Napa Valley With gorgeous scenery and unbeatable weather, Napa Valley is a great place to work on your golf game. The aptly named 9. Enjoy the Napa Valley nightlife In Napa Valley, the after-dark scene is more focused on the arts, theater and music, and less about nightclubs and bars. Be sure to check out the 10. Check out Napa Valley’s music festivals and art scene From festivals and jazz to pottery and paintings, Napa Valley has a thriving music and arts scene. For art lovers, the 217-acre Why should I buy a second home in Napa Valley with Pacaso? With endless activities, exceptional dining and lively entertainment, Napa Valley is a standout destination for Enjoy a professionally designed home fit with luxury amenities, simple scheduling, and easy resale should the home no longer suit your needs. Explore our

Finding dog-friendly vacation destinations that suit your needs can offer a luxurious and stress-free escape for everyone. It might even lead you to the perfect location for a second home, where every trip is a dog-friendly vacation. What are the best dog-friendly vacations in Hawaii? Maui, Hawaii A dog-friendly vacation in Maui is hard to beat. The island is perfect for outdoor adventures, from exploring scenic trails to relaxing on dog-friendly beaches. Here, you’ll find plenty of things to do with dogs: Enjoy a stroll along the Wailea Oceanfront Boardwalk Trail, or explore one of the island's many dog parks like the popular Kenolio Dog Park in Kihei. What are the best dog-friendly vacations in Washington state? Seattle, Washington Beat the heat with a dog-friendly vacation to the Pacific Northwest. Visit the city’s largest downtown green space at Along the shores of Lake Washington, you’ll find the 230-acre What are the best dog-friendly vacations in Oregon? Bend, Oregon The city of The Riverbend Beach Dog Park is a fenced oasis for your furry friend to socialize in and out of the water. Drink in Bend’s craft beer scene by walking the Portland, Oregon Portland is a fantastic destination for a dog-friendly vacation, with a culture that embraces the outdoors and a very welcoming attitude toward pets. The city is among those with the most breweries in the world, and many have dog-friendly patios, making it easy to enjoy a pint with your pup. The city is also home to one of the largest urban parks in the country, Forest Park, which offers miles of trails for you and your dog to explore. Beyond the city, Portland is an ideal location for a second home, as it provides easy access to the stunning natural beauty of the Pacific Northwest. You can take dog-friendly day trips to the Columbia River Gorge or the Oregon coast for more hiking and beach adventures. What are the best dog-friendly vacations in California? San Francisco, California San Francisco makes our list of best dog-friendly vacation spots thanks to its gorgeous scenery and dog-friendly accessibility. Your dog can splash in salt water at Golden Gate Park’s off-leash section is a viable alternative for dogs wanting to keep sand out of their fur. For an added activity, try the modern treasure hunt known as geocaching, which is great for dogs and children alike. Napa, California Carmel-by-the-Sea, California Carmel-by-the-Sea is a quintessential dog-friendly beach vacations. Among different The real highlight is Carmel Beach, a stunning stretch of white sand where dogs can run off-leash and play in the waves. Afterward, take your pup for a walk along Ocean Avenue, stopping in art galleries and boutiques, to complete a perfect pet-friendly holiday. This idyllic setting also makes an excellent Yosemite National Park While many national parks have strict rules for pets, Yosemite offers several amazing things to do with dogs. Leashed dogs are welcome in developed areas, on paved roads and on many popular trails. This includes the Lower Yosemite Fall Trail, where you and your pup can get a misty view of the waterfall. The Wawona Meadow Loop is another scenic, pet-friendly trail perfect for a long walk. If you’re looking for a Lake Tahoe, California Bring your dog with you as you try your hand at sport fishing, kayaking or paddleboarding. Lake Tahoe’s dog-friendly beaches also provide the option for a restful day soaking up the sun. Stop at the Huntington Beach, California Huntington Beach — aka Surf City, with its 10 miles of coastline — is an evergreen, dog-friendly vacation destination, thanks to its sunny Southern California weather. After a day of frolicking on the beach, try some fresh seafood at San Diego, California Make your dog’s ocean dreams a reality by taking a pet-friendly vacation to For a more sure-footed activity, spend the afternoon at the Palm Springs, California Palm Springs is a stylish escape for a dog-friendly vacation. The desert city has a welcoming atmosphere for pups, with many luxury hotels and vacation homes offering pet amenities. You and your companion can explore the desert landscape on trails like those at Whitewater Preserve. When you're ready to relax, Palm Springs has countless dog-friendly restaurants with patios, perfect for enjoying a meal or a cocktail in the sunshine. If you’re What are the best dog-friendly vacations in Idaho? Boise, Idaho If you and your hound are tired of being confined indoors, Boise is a perfect pet-friendly escape. Tree-lined paths link the Winstead Park offers designated off-leash hours throughout its 11 acres of green space. The Spacebar Arcade lets you drink and play games with your dog by your side. And your pup is welcome at the What are the best dog-friendly vacations in Montana? Whitefish, Montana The Whitefish Trail system provides miles of hiking and biking trails where your dog can explore with you. After a day of adventure, enjoy a meal at one of the many dog-friendly restaurants in town. What are the best dog-friendly vacations in Colorado? Aspen, Colorado From hiking to the iconic Maroon Bells to exploring the many trails on Aspen Mountain, there are endless things to do with dogs here. The downtown area is also very walkable, with shops and galleries that welcome well-behaved pups.  Colorado Springs, Colorado Get away from big-city vibes and get back into nature in Colorado Springs. The impressively named For the less adventurous, Colorado Springs has plenty of places to go with a dog. Denver, Colorado Denver is a premier destination for a dog-friendly vacation, with a culture that balances city life and outdoor adventure. The city is full of dog parks, breweries with pet-friendly patios and a vast number of trails. You and your pup can get a unique view of the famous Red Rocks Amphitheatre by hiking the trails at Red Rocks Park. The city’s proximity to the Rocky Mountains provides easy access to endless outdoor activities. It’s also ideal for day trips with your dog, from hiking in the foothills to exploring charming mountain towns like Golden. What are the best dog-friendly vacations in Utah? Kanab, Utah You have to see Kanab to believe it. Known colloquially as “Little Hollywood,” dozens of movies and television series are filmed in and around the area’s national parks due to the striking scenery. Your dog can join you as you walk remote trails, or you can both jump in a 4x4 for a guided desert safari. Be sure to stop by the What are the best dog-friendly vacations in Arizona? Sedona, Arizona Scottsdale, Arizona Scottsdale is a fantastic option for a dog-friendly vacation. This desert city combines upscale living with easy access to nature. You and your pup can explore the vast trail system at the After a day of exploring, relax at one of the many pet-friendly restaurants in Old Town Scottsdale. This is also a great place to buy a vacation home, offering a year-round sunny escape and a welcoming community for you and your dog.  What are the best dog-friendly vacations in New Mexico? Albuquerque, New Mexico This Southwest city is well-known for its delicious food and lively festivals, but its reputation as a pet-friendly destination is also noteworthy. Your leashed dog can join you on an outdoor adventure along the La Luz Trail, much of If you need to give your paws a break, hitch a ride on the open-air What are the best dog-friendly vacations in Texas? Austin, Texas Austin is one of the best dog-friendly vacations in the United States! Prepare for sensory overload at the When you need a little extra energy to make it through the day, or maybe just to burn some of your pet’s energy, head to the What are the best dog-friendly vacations in Illinois? Chicago, Illinois Bring your pet to this lakeside city for fun on and off the water. Multiple Montrose Dog Beach allows your pet to dip their paws in the lake and even provides free waste bags and a dog wash area. The pet-friendly What are the best dog-friendly vacations in Wisconsin? Milwaukee, Wisconsin Stroll Milwaukee’s winding Treat your good dog to a spa day at Madison, Wisconsin Sitting on an isthmus between two lakes, Madison has a whole lot of green space perfect for traveling dogs, including For two-legged visitors, The BarleyPop Tap and Shop is another dog-friendly taproom with an extensive craft beer selection. If spirits are more your thing, the What are the best dog-friendly vacations in Michigan? Grand Haven, Michigan This cozy western Michigan town offers plenty of fun for you and your pup while avoiding the overwhelming crowds of some better-known dog-friendly getaways. Take your time as you stroll down the Rent your own pontoon for a relaxing cruise or a water skiing excursion. Then step back into a time capsule at What are the best dog-friendly vacations in Ohio? Hocking Hills, Ohio Hocking Hills is a stunning natural wonder and a top spot for a dog-friendly vacation. The area is famous for its breathtaking waterfalls, caves and gorges, with a variety of trails that are welcoming to leashed dogs. Hiking is a must-do here — your pup will love exploring the trails to iconic spots like Cedar Falls or Old Man’s Cave. A private cabin rental from a company like Dog Friendly Hocking Hills is the perfect pet-friendly accommodation, offering a cozy and secluded home base. What are the best dog-friendly vacations in Virginia? Shenandoah Valley, Virginia Virginia may be for lovers, but it’s also great for your fur baby. Shenandoah Valley has dog-friendly wineries, nature trails and other activities.  Explore the trails in Shenandoah National Park or Shenandoah River State Park, then take your dog to White Oak Lavender Farm, where you can enjoy a glass of wine in the dog-friendly tasting room and patio. The What are the best dog-friendly vacations in North Carolina? Asheville, North Carolina If the Southeast is more your style, grab the leash and head to Asheville, North Carolina. Take a stroll through Asheville has trolley tours for dogs up to 25 pounds, or you can scratch nature’s itch with a walk through What are the best dog-friendly vacations in South Carolina? Charleston, South Carolina Fans of the macabre won’t want to miss the city’s Hilton Head, South Carolina You can stick to living on island time at pet-friendly The What are the best dog-friendly vacations in Florida? St. Augustine, Florida St. Augustine, the oldest continuously inhabited city in the U.S., is brimming with history for you and your pet to experience together. In town, you can take your dog on a wine-tasting tour in a horse-drawn carriage or ride on Miami, Florida Miami is a fantastic spot for a dog-friendly vacation, combining a lively city atmosphere with beautiful beaches. While some beaches have restrictions, many parks and trails are welcoming to dogs. South Pointe Park is a popular choice, with a grassy area and a walkway along the water perfect for a stroll with your pup. The city's vibrant art scene also offers dog-friendly activities, with many outdoor cafes and galleries that welcome pets. With its beautiful weather and energetic vibe, Miami is a sunny retreat for you and your dog. The Keys, Florida Your leashed dog can stay by your side as you tour the local aquarium and witness shark feeding and alligator exhibits. You won’t want to miss your chance to dine on fresh seafood like fish tacos at What are the best dog-friendly vacations in Pennsylvania? Philadelphia, Pennsylvania The City of Brotherly Love extends its hospitality to four-legged friends. Visit For a break from the concrete jungle, head to the What are the best dog-friendly vacations in New Jersey? Jersey Shore, New Jersey The Jersey Shore is an iconic summer destination and a surprisingly great option for a dog-friendly vacation, especially during the off-season. While many beaches have seasonal restrictions, towns like Asbury Park are known for their welcoming atmosphere toward pups. Take your dog for a stroll along the historic boardwalk and enjoy the scenery. You’ll find plenty of dog-friendly activities and restaurants with patios where you can grab a bite. The Jersey Shore is a great spot for pet-friendly weekend getaways or a second home, with a classic coastal lifestyle and plenty of fun for your furry friend. What are the best dog-friendly vacations in New York? Long Island, New York The largest island in the country offers dog-friendly beaches, hiking trails and more. Take your dog walks up a notch by strolling around the Long Island has plenty of dog-friendly breweries, and there’s even a tour that takes you to all of the best neighborhood taprooms. Lake Placid, New York There’s so much to experience in Lake Placid. Enjoy a convenient stay at the pet-friendly Town House Lodge, just a stone's throw away from the lake and a short walk from Main Street. Rent a boat from The What are the best dog-friendly vacations in Vermont? Stowe, Vermont Stowe has no shortage of dog-friendly vacation ideas. The What are the best dog-friendly vacations in Massachusetts? Nantucket, Massachusetts This Northeast dog-friendly vacation spot has beaches, brewskies and bogs to entertain you and your dog. Surfside, Brant Point and Cisco Beaches all provide sandy ocean fun. Take a ride on the When it’s time to rehydrate and replenish your calories, head to the Sandbar at Jetties Beach for fresh food and refreshing drinks. In terms of dog-friendly vacations, this one is hard to top. What are the best dog-friendly vacations in Rhode Island? Block Island, Rhode Island When it comes to dog-friendly vacations, Block Island is one destination you won’t want to miss. From scenic walks to water taxis, there's so much for you and your pup to enjoy together. Brenton Point State Park offers beautiful views of the bay, with kite fliers taking advantage of the gusty ocean winds. Have a picnic at Grab a bite to eat at What are the best dog-friendly vacations in Maine? Bar Harbor, Maine If you and your furry friend share a love for the ocean, the seaside town of Bar Harbor is one of the best places to take your dog. This quiet town of 5,000 provides nature cruises for leashed pets, so you both can try spotting a variety of sea creatures, like porpoises and seals.  Take a picturesque walk around dog-friendly What are 10 tips for planning a dog-friendly vacation? Taking a vacation with man's best friend requires some extra planning, but with some careful preparation, it'll give both you and your pup something to wag about.  1. Prepare for the road Before you hit the road, make sure your pet is primed for the journey. Pack essentials like food, water, bowls, a leash and any necessary medications to set your pack up for success. Ensure your pet's identification and vaccinations are current, and consider a microchip for extra safety.  If traveling by car, secure your pet with a harness or carrier, and plan for frequent breaks for potty stops and exercise. After all, a tired pup is a happy pup! 2. Research the right destination When selecting a dog-friendly vacation destination, consider the climate and specific activities you and your pet will enjoy. Research pet-friendly parks, beaches, trails and attractions ahead of time so you won't have to pivot on the fly based on an unexpected "No Pets Allowed" sign.  Look for destinations with a welcoming atmosphere for dogs, where you can find pet-friendly accommodations, restaurants and services. 3. Book pet-friendly accommodations Sites like Sites like 4. Look for dog-friendly dining and relaxation locations After a day of exploring, treat yourself and your furry friend to some delicious eats, a local beverage or some Remember to always confirm pet policies beforehand to ensure an enjoyable experience for you and your pet. 5. Consider the mode of transportation How you’ll get to your destination depends on how far away from home you’re going, of course, but you’ll also want to consider your dog’s comfort.  Some dogs are perfectly fine flying on an airplane, but it can be traumatic for others. Some dogs love a road trip, while others don’t like being stuck in a car for a long time. Consider your dog’s personality before plotting your course.  6. Test your pet’s travel tolerance Before you go on a vacation with pets, see how they respond to being cooped up or in a car for long periods. You may discover they get motion sickness or need more frequent breaks than you were prepared for. 7. Make a dog-friendly vacation itinerary Think through the places you want to visit on your vacation. The great outdoors is almost always a safe bet for dog-friendly vacations. Hike scenic Many national and state parks welcome leashed pets, offering opportunities for exploration and bonding. For example, in Austin, Texas, you and your furry friend can explore the 8. Pad your travel schedule Even a well-trained dog can act out of character in new or unfamiliar environments. Allow for extra time for your four-legged friend to get acclimated so you don’t miss out on sought-after activities or reservations. 9. Update your pet’s identification and vaccinations Make sure their collar or chip has your current contact information. This way if you get separated while on vacation, they can be identified and reunited with you.  On top of that, double check that all of your pet’s vaccinations are up to date. Many businesses, including 10. Bring extra supplies Pack more waste bags, medications and other necessities than you think you’ll need, just in case.  Don’t forget to pack food, a water bowl and a few items to help your pet feel comfortable, like a portable dog bed and a few of their favorite toys and treats. Why should I own a dog-friendly vacation home with Pacaso? Traveling with your dog can be stressful (especially if you travel often) when it comes down to planning all the logistics like deciding whether to leave your dog behind or finding a dog-friendly accommodation that lets you bring your pup along.  Just like humans, most pets enjoy a sense of familiarity and routine. As a Pacaso second home owner, you enjoy all the comforts of home without the hassle. While man’s best friend makes a great companion on your travels, pet-friendly vacations require special planning. Consider

Depending on how you count, there are somewhere around 100,000 lakes in the United States, from tiny spots to the iconic Great Lakes, and everything in between. With so many bodies of water, it’s no wonder so many of us dream of lakefront living.  Lakes offer a myriad of charms: indescribable natural beauty, endless water sports and sandy beaches. Check out 10 of the best lakes in the U.S. for lake living, and 1. Lake Tahoe, California/Nevada Surrounded by the stunning Sierra Nevada mountains, Lake Tahoe is one of the best mountain lakes in the U.S. with the largest alpine lake in North America. Known for its crystal-clear waters, in some places the visibility is more than 70 feet. In the summer months, When snow falls and Tahoe’s many ski resorts open up, the beauty of Lake Tahoe is best seen from the side of a mountain. Take in gorgeous lake views from high atop ski runs at 2. Lake Arrowhead, California Lake Arrowhead is less than two hours from Los Angeles, but it’s a world away. Sitting among the San Bernardino Mountains in what’s affectionately known as the “Alps of Southern California,” This is partly due to the fact that much of its shoreline is privately owned. Stay in accommodations or On the southwest side of the lake, 3. Flathead Lake, Montana As the largest freshwater lake west of the Mississippi, Renting a boat or taking a guided fishing trip departing from the towns of Polson, Bigfork or Somers are popular ways to see the lake. It may be a fish tale, but it’s been said that lucky anglers have caught trout as large as 50 pounds.  For a truly memorable experience, take a boat or ferry to Many visitors to Flathead Lake leave time to visit another famous Montana destination: 4. Lake Coeur d’Alene, Idaho When the last glaciers receded from the Pacific Northwest almost 15,000 years ago, Lake Coeur d’Alene was born. A crown jewel of the Pacific Northwest, the lake is at the center of all the action in this area. Beautiful beaches and an award-winning resort line the shore, and the In the summer months, explore the 25-mile body of water on your choice of watercraft, from relaxing chartered boat cruises to the adrenaline-pumping fun of a jet ski excursion. Stand-up paddleboards and kayaks are also popular. Want a birds-eye view of the beauty of Idaho? Take a scenic flight on a seaplane. 5. The Finger Lakes, New York As the name suggests, this vacation destination isn’t a single lake, but rather, a collection of eleven long, narrow lakes in picturesque upstate New York. Within driving distance from New York City, Toronto, Boston and Philadelphia, the While the Finger Lakes is stunning year-round, fall is an especially idyllic time to visit. Think warm days, cool nights and a myriad of fall colors on the hillsides that surround the lakes.  Still need convincing? The Finger Lakes area is also New York’s premier wine region, with more than 100 different vineyards and wineries and a reputation for a great riesling. 6. Lake Winnipesaukee, New Hampshire You may very well have to ask a local how to pronounce its name when you arrive, but Movie buffs may be interested to know that parts of the 1981 Katharine Hepburn and Henry Fonda film “On Golden Pond” were filmed here. The lake was also the setting of the less serious but also memorable Bill Murray and Richard Dreyfuss movie “What About Bob.”  Every summer, vacationers from the Eastern Seaboard flock to this 72-square-mile lake for boating, fishing, beachcombing, hiking and generally enjoying life at a slower pace. Return in the winter for ice fishing, snowmobiling, dogsledding and more.  7. Best known for its dramatic Blue Ridge Mountain scenery, sparkling lake views, and small-town charm, Lake Lure is nestled in the foothills of western North Carolina with the main town surrounding the 720-acre lake. Located about 27 miles from Asheville, Lake Lure is encircled by forested hills and iconic rock formations like Chimney Rock. The area gained national fame as a filming location for the renowned “Dirty Dancing”, and it still draws visitors who want to experience its nostalgic, laid-back atmosphere.  Lake Lure also attracts visitors for its unique blend of outdoor recreation and peaceful retreat, complemented by year-round natural beauty, a mild four-season climate, and striking fall foliage. The lake itself is ideal for boating, paddleboarding, kayaking, and swimming, while nearby trails provide hiking opportunities with sweeping mountain views.  Unlike larger resort towns, Lake Lure maintains a peaceful, uncrowded feel, with locally owned restaurants, community events, and quiet coves along the shoreline. The combination of water access and mountain terrain is relatively rare in the Southeast, making it a unique destination for those who want the best of both lake life and mountain living in one place. 8. Lake Powell, Arizona/Utah Sure, Lake Powell may be a human-made creation —  it’s the second-largest reservoir in the United States, created by the damming of the Colorado River at Rent a houseboat or a speedboat, and spend long summer days exploring the twists and turns of some 90 side canyons that make up this massive lake. Be sure to find your way to 9. Lake Lanier, Georgia   Despite the large number of visitors, there’s plenty of space, thanks to 700-plus miles of shoreline. Stop by a local marina to rent a pontoon boat, houseboat or jet ski. Book a fishing excursion in search of bass and walleye. Or enjoy food truck fare and live music every Friday at 10. Lake Champlain, New York and Vermont It’s not every day that you can splash around in a lake that has played a pivotal role in not one, not two, but three American wars. But you can do it on Lake Champlain, located on the border of New York and Vermont. Pop into the In the warm weather months, enjoy a kayak excursion, cast a line for largemouth bass or swim from the shore of a sandy beach. Intrepid winter travelers return for ice fishing, snowmobiling and even a classic game of pond hockey. How do I co-own a luxury lakefront home with Pacaso? Pacaso has

Why should empty nesters consider downsizing? While the idea of leaving a long-time family home can feel emotional, downsizing during your empty nest stage of life is an opportunity to intentionally design a lifestyle that fits your current needs and priorities. Financial benefits One of the most immediate advantages of downsizing is the potential financial relief. Over time, these savings can add up, creating more flexibility and peace of mind. Lifestyle benefits Beyond finances, downsizing often leads to a noticeable shift in how you spend your time. Instead of managing a house built for a busy family, your home begins to support the life you’re living now. Emotional considerations Leaving a family home can stir up nostalgia — and that’s completely normal. For many empty nesters, downsizing becomes less about what they’re giving up and more about what they’re gaining. How do you choose the right home and space for your lifestyle? Once you’ve decided to downsize, the next step is finding an empty nester home that fits your lifestyle, not just your space requirements. Choosing the right home ensures your new chapter is comfortable, functional, and tailored to the way you live now. Here are some downsizing tips for empty nesters to help find a home that suits your needs. Evaluate your space and daily habits Start by thinking about how you actually use your home: Understand storage and organization Even a smaller home can feel spacious and functional if storage is planned thoughtfully: Choose the right home type Selecting an empty nester home that fits your lifestyle goes beyond size: How can you declutter and let go effectively? Most downsizing tips for empty nesters focus on the home. But one of the most challenging parts of downsizing is deciding what to keep and what to let go of. When approached thoughtfully, decluttering can feel empowering rather than overwhelming — a way to create a home that truly supports your lifestyle. Room-by-room decluttering Handling sentimental items Involving family How can you make the moving process less stressful? Moving, especially as an empty nester who is downsizing, can feel overwhelming, but careful planning can transform it into a smooth, organized experience. Creating a timeline Packing and storage tips Moving logistics How can you optimize a smaller home for comfort and style? Downsizing doesn’t mean sacrificing comfort or aesthetics. Smart furniture choices Maximize storage Make it feel bigger How can you enjoy more freedom after downsizing? One of the greatest benefits of downsizing is the lifestyle it enables. With less space to manage and fewer possessions to maintain, you gain time, flexibility, and energy to focus on what matters most.  For many empty nesters, this newfound freedom also opens the door to travel without the burden of managing another property. Co-owning a second home through Pacaso allows you to enjoy a fully furnished, professionally managed vacation home, making it easy to travel more while keeping your primary residence simple and low-maintenance. How to downsize with Pacaso co-ownership The best downsizing tip for empty nesters One of the smartest ways to make downsizing work for your lifestyle is to pair it with a second home — without taking on the full responsibilities of traditional ownership. Pacaso removes the complexity of second-home ownership by handling furnishings, management, and ongoing upkeep, so you can focus on enjoying your time instead of managing another property. This approach aligns perfectly with downsizing: less space to maintain at home, and more freedom to travel, relax, and explore. With Pacaso, you can: If you’re curious about how it all works, Downsizing during your empty nest stage of life doesn’t mean limiting your life. The best downsizing tips for empty nesters focus on freeing up time, resources, and energy to live the lifestyle you’ve been imagining — and Pacaso makes that not only possible, but easy. With less home to maintain and more freedom to travel, pursue hobbies for empty nesters, and create new experiences, downsizing becomes a gateway to the life you truly want.

For many real estate agents, Pacaso sparks interest — and just as many questions. To explore those questions, we spoke with top-producing realtor, real estate investor, and author, Eugene Kamenskiy, who has built a dedicated platform educating buyers and agents on the Pacaso model.  Drawing from his personal journey, professional credentials, and years of hands-on experience, he shares why Pacaso resonated with him and effective marketing strategies for real estate agents to thoughtfully and successfully position it in today’s luxury real estate landscape. This conversation is designed for real estate agents: practical, candid, and rooted in real-world application rather than sales theory. Q1: How did you first get introduced to Pacaso, and what was your initial impression? My journey to Pacaso began from a very personal place — a dream that started in the middle of a cold Canadian winter. During the harsh winter of 2021, amid COVID-19 lockdowns and ice storms in Toronto, I found myself dreaming of an escape to warmer climates: the Florida sun, the sound of the ocean, and the idea of finally owning a vacation home. It was a dream I’d held for nearly 20 years, ever since a conversation with a former boss who owned a modest Florida property. When I finally began researching seriously, reality hit quickly. The beachfront home I envisioned was priced around $4 million — far beyond my $500,000 budget. Even with financing, the ongoing carrying costs, maintenance responsibilities, and the fact that I’d only use the home four to six weeks a year made traditional ownership financially impractical. That dream felt out of reach — until I discovered the concept of co-ownership. That’s when I found Pacaso. When I first came across Pacaso, it was a pivotal moment. My initial impression? I was blown away. Here was a Silicon Valley–backed company that had cracked the code for affordable luxury living. Pacaso wasn’t just offering co-ownership — it was delivering a In my book, I describe Pacaso as a “paradigm-shifting solution” because it turned what once felt like fantasy into something real and attainable. My takeaway was simple: Pacaso built the model that made the impossible finally possible. Q2: What made you confident in recommending Pacaso and promoting it in general? At first, I was impressed by how the Pacaso model opened doors for people who once believed owning a luxury vacation home was impossible. Emotionally, it felt revolutionary — a concept that could truly redefine the entire second-home industry and create new opportunities for countless dreamers. But what ultimately gave me confidence wasn’t just the idea — it was the people and the proof behind it. Leadership & track record What gave me instant trust in Pacaso was the leadership behind it. Spencer Rascoff (former Zillow CEO) and Austin Allison (founder of Dotloop) aren’t just successful tech entrepreneurs — they’re true real estate visionaries who understand both innovation and property ownership. Their advisory board includes some of the most respected names in the industry, and with $1.5 billion in funding and backing from top-tier investors, Pacaso’s credibility felt undeniable. These are people who clearly know what they’re doing – equipped with the experience, data, and resources to evaluate markets and validate concepts at the highest level. I remember thinking, A proven model Results speak louder than words. Pacaso now has over 2,000 satisfied owners, 90,000 nights booked, a $1B real estate portfolio, and operations in 40 global destinations. Real estate asset As a real estate investor, I immediately recognized the strength of Pacaso’s model. Resilience by design From an investor’s perspective, the Pacaso model appeared remarkably resilient across different market cycles — that was my logical conclusion. When markets are strong, share values naturally rise with the tide, reflecting appreciation in the underlying real estate. But when interest rates climb and affordability declines, co-ownership becomes not just an attractive alternative — it might become the only accessible path for many buyers to step into luxury ownership, fueling demand and, in turn, supporting share values. Pacaso’s structure adapts to both climates, making it, in my view, a smart and sustainable model in any market. Personal alignment As a licensed realtor, mortgage agent, and real estate investor with a multimillion-dollar portfolio — and someone who has always valued innovation that delivers real, lasting results — I saw in Pacaso a model that passed every test: financial, operational, and philosophical. It represents exactly what I believe in: smart, efficient investing, true hard-asset ownership, and the freedom to live your dream today, not someday. Q3: What do you wish more real estate agents understood about Pacaso? I have a chapter in my book: This is not just another home; it’s a lifestyle transformation that opens doors to experiences previously out of reach. Pacaso doesn’t compete with traditional ownership — it expands the market, creating homeowners out of people who might otherwise rent, stay in hotels, or never own a vacation property at all. Agents who promote Pacaso are not only salespeople but also educators and advisors, helping clients realize dreams they once thought impossible. I also wish agents recognized the power of leverage within the Pacaso model. With the ease and flexibility of  Finally, agents should understand that Pacaso solves real problems, such as affordability barriers, management headaches, and underutilization. It’s a legitimate, modern solution for sophisticated buyers seeking maximum return and enjoyment. From my own marketing experience, I’ve learned one important lesson: if you promote only “savings” or “affordability,” you attract the wrong audience. The real message is value, access, and lifestyle transformation — that’s where Pacaso truly shines. Q4: How does Pacaso enhance the second-home ownership experience? In my book, Pacaso transforms second-home ownership from a burden into pure joy — it eliminates every pain point traditionally tied to owning a vacation property and replaces them with simplicity, flexibility, and freedom. Eliminates the “second job” problem Traditional vacation homeownership often feels like work, from coordinating maintenance and paying bills to arranging cleaners and worrying about an empty property. You finally arrive for a short vacation and end up busy fixing things instead of relaxing. Pacaso changes everything. They handle design, furnishing, cleaning, repairs, utilities, taxes, insurance, and reserve funds. You simply arrive, unpack, and start living your dream. Adds true flexibility With Upgrades the Asset Instead of owning a modest $500,000 property, my clients can now own a share of a $2M – $3.5M luxury home with resort-level amenities, the difference between a basic condo miles from the beach and a luxury waterfront estate just steps from the sand. Freedom from debt and stress In my book and No debt, no carrying costs (with smart strategy) Using strategies I outline in my book, Pacaso owners can invest their remaining (saved) capital in cash-flowing assets that cover their monthly Pacaso ownership fees. That means they enjoy their dream home without debt and without out-of-pocket carrying costs. Pacaso doesn’t just enhance second-home ownership — it completely redefines it. It’s not about owning a property; it’s about owning your freedom, your time, and your dream. Q5: What feedback have you received from clients? Many clients who discovered Pacaso through While my book The book itself has generated strong interest. My reader survey shows that people become more interested in co-ownership after reading it. Q6: If you had to describe Pacaso to another real estate agent in just a few words, what would you say? "Pacaso is where Silicon Valley innovation meets luxury real estate — making dream homes accessible through smart co-ownership, backed by proven leadership, and wrapped in hassle-free, turnkey management." "Unlock the luxury market for your clients. Pacaso turns $2M second homes into accessible $400K opportunities — with you earning on every share sold." About the agent This Q&A features Eugene Kamenskiy, a top-producing realtor and Pacaso expert behind Your opportunity with Pacaso Pacaso isn’t just a new ownership model — it’s a new opportunity for agents. For real estate agents willing to understand the structure, educate thoughtfully, and position Pacaso as a value-driven lifestyle solution rather than a discount play, the upside is meaningful. Pacaso enables agents to serve buyers who may have otherwise stayed on the sidelines — and to do so with credibility, confidence, and scale. If you have additional questions,

There are far better vacation options, including: Let’s explore each alternative and explain how it differs from the typical reasons not to 1. Second home co-ownership  Second home co-ownership is when a property is jointly owned by multiple people. Buying a vacation home is a greater upfront expense than a timeshare, but you don’t have to be the sole owner. With this timeshare and Whether you’re buying with a group of friends or buying a Pacaso second home, you still have true real estate property ownership. You’re not just buying the right to use a hotel or condo-sized space for a set period. Timeshares are notoriously difficult to sell due to the many rules and limitations owners must abide by. The timeshare is also one of many identical units, creating an imbalance between supply and demand. On the other hand, unique homes attract buyers who must compete against each other in the whole housing market.   Browse a plethora of luxury co-ownership options all over the world with Pacaso’s 2. Vacation rentals Vacation rentals are furnished spaces that are rented out on a short-term basis. Airbnb is as popular as ever, with 265 million users and over 7.7 million listings, according to Lighthouse. People choose vacation rentals because renting a property from a private owner is often cheaper than comparable hotel rooms, and they often give travelers added perks like kitchens and convenient locations. However, vacation rentals can come with charges like cleaning fees, sometimes making them even more expensive than hotels.  Vacation rentals are considered preferable alternatives to timeshares because they give greater flexibility in where and when you can vacation. You’re only paying for specific days, so you aren’t on the hook for yearly fees on top of the purchase price of a timeshare.   Timeshare owners often sell their timeshare days when they can’t use them, giving vacationers the option to visit the same timeshare facility without the long-term commitment.  3. Hotels Although Hotels often provide discounts to certain groups (like the military and AAA) or offer discounted rates throughout the year, making them even more affordable. Some hotel chains offer rewards programs, so the more you stay there, the more you get back. 4. Hostels  A hostel is a budget-friendly alternative to hotels with dormitory-style rooms and communal areas. They’re ideal for backpackers and young travelers seeking a social vacation where they might meet people from all walks of life.  Hostels are typically sparse in accommodations compared to timeshares, but the trade-off is worth it for people who enjoy different locations every year. You can find various types of hostels on apps and sites like Booking.com. In a budget hostel, you may stay in a room with six or more people. A boutique or luxury hostel may offer more upscale vibes and cleaner amenities, while party hostels host social activities and late active hours.  5. Resorts Resorts offer an all-inclusive appeal of many of the best timeshares, such as private beach access, live entertainment, gourmet food and guided tours. You’ll spend less time planning all the details of your vacation, leading to less stress and more time enjoying your break.  Just like hotels, resorts give you the flexibility to stay for longer or shorter durations than a timeshare. You won’t be boxed into traveling at predetermined times of year, and you can visit whenever you want. One example of a famous luxury resort is the Four Seasons Resort Hualalai in Hawaii, which boasts many amenities like spas, pools, beach access, multiple restaurants and exceptional customer service. 6. Travel clubs Travel clubs offer group travel rates to various destinations. Travel clubs operate similarly to timeshares and vacation clubs, while being slightly more affordable. Travel clubs require yearly membership fees, and some clubs also charge maintenance fees. These combined costs are often lower than those of vacation clubs. The benefit of travel clubs is that they arrange for group rates, making your stay cheaper while giving you the benefit of travel companions. Oftentimes, the club is centered around a shared trait, like a hobby or age group.  Aside from the social aspect of travel groups, travel clubs also free you from long-term commitments. Even the cost of an inexpensive timeshare begins to add up over the years if you aren’t able to sell it. Since membership in a travel club is yearly, you’ll only lose what you’ve already spent.  7. Vacation home ownership One big draw of owning a timeshare is the dependability of returning to the same destination year after year while avoiding the rising costs of accommodations. Buying a second home in a vacation destination gives you those same benefits and more.  Unlike a timeshare, buying a vacation home gives you real equity in the property, so you have the potential to recoup the money you put into it over the years. Timeshares rarely appreciate in value, and due to the many When you have your own vacation home, you have the freedom to use it as much as you want. In contrast, most timeshare options only allow you to use them once per year and have fixed scheduling limitations.  8. Vacation clubs Vacation clubs are travel services that offer members access to different vacation locations and amenities within their network of affiliated properties. For example, a Holiday Inn Club membership works by purchasing credits. However, many clubs have blackout dates that restrict your ability to travel unless you pay more money. Depending on the club you join, it could cost more per year than even luxury timeshares, but you’ll have easier access to multiple destinations. 9. Fractional ownership Fractional ownership is a collaborative investment where multiple parties share ownership of a vacation property. Each investor maintains specific ownership rights and entitlements to the asset based on their contribution. Fractional ownership is similar to vacation home co-ownership in that you can schedule specific usage times and/or access to different parts of the property.  Splitting the costs of a vacation home comes with benefits like owning a home in a luxury location that you might not otherwise be able to afford. You also share upkeep and maintenance costs. However, it also means all major decisions must go through all ownership partners. You’re also splitting benefits, leading to potential disagreements between owners. How to resell your timeshare?  As you browse timeshare exit vacation alternatives, you may wonder how to best get out of a timeshare. Though it can be difficult, there are a few ways to resell your timeshare. Here are some options: Consider second home co-ownership These timeshare alternatives may help you avoid a major scam and stick to your original goal of enjoying a beautiful vacation with your loved ones.  Unlike a timeshare,

Pacaso is a team of real estate and tech veterans with a mission: Enrich lives by making second home ownership possible and enjoyable for more people.  We offer buyers a smarter way to approach owning a second home: professionally managed Buying and owning a second home through Pacaso dramatically reduces costs and lessens management and scheduling hassles. This lets buyers who are sitting on the sidelines have the chance to become true property owners of a home that previously was beyond their price range.  And it opens up opportunities for real estate agents to have new conversations with buyers and sellers. They can access the second home of their dreams in one of their favorite locations for less money than if they purchased a whole home.   Co-owning real estate is not a new concept. But doing it on your own with friends or family often creates hassle and strain on personal relationships. Many DIY owners find it daunting to communicate effectively about scheduling, maintenance and managing the home.  Pacaso eliminates those issues, making co-ownership easy for the first time by creating a professionally managed, property-specific LLC design especially for co-ownership. A limited liability company (LLC) ensures that the owners are not personally liable for the company’s debts or liabilities. It combines some elements of a partnership, sole proprietorship and a corporation. For buyers, co-ownership increases their purchasing power. It also reduces the stress and pressure of whole home ownership. Gone is the feeling of guilt from leaving a home empty much of the year. Gone is the hassle of vacation rental platforms, the anxiety of knowing that dozens (or hundreds) of strangers are traveling in and out of your home, and the tedium of dealing with repairs.  The benefits for buyers, sellers, owners Buyers can shop from Pacaso’s curated listings. Alternatively, if they find an active listing they’d love to co-own, they can submit the listing to Pacaso; if it meets our specifications, we’ll partner with the buyer to purchase and close on the home, as well as identify vetted co-owners. Each home is co-owned by a maximum of eight owners who use it with only family and friends; no outside rentals are allowed. Owners schedule time in the home with our innovative and equitable SmartStay system on the owner app. And instead of worrying about maintenance, Pacaso's professionally managed LLC will take care of all property management needs. Sellers have two options to work with Pacaso. First, they can decide to sell their whole home to us. Pacaso is a qualified buyer, and we pay premium prices for turnkey homes in the right locations.  Alternatively, current second home owners can decide to keep as much as half of the ownership in their home while unlocking their equity by selling the other portion through Pacaso’ selldown program. This allows owners to keep the home they love while tapping into its liquidity and continuing to enjoy access to their second home. Why partner with Pacaso today? The Pacaso crew, led by former executives from Zillow, has more than 100 years of combined expertise using big ideas and innovative technology to create great real estate experiences. The company’s founders believe second homeownership enhances people’s lives because it has enhanced theirs. And it’s the driving force for the company.  This co-ownership model is a chance for you to bring a modern way of owning as well as fresh inventory to your customers.  Be part of the next wave of innovation, re-inventing how second homes are bought, sold and owned — and creating new business opportunities for you.  -------- Quiz 1. What type of second home ownership does Pacaso offer? A. Whole ownership of a second home B. Time share ownership D. None of the above 2. True or false: Co-ownership is not new, but Pacaso is solving the major pain points associated with the DIY approach. B. False 3. The advantages of Pacaso co-ownership for buyers include: A. They can now afford to own a home previously out of reach financially. They can bring a listing, from Pacaso or any website, that they are excited about to Pacaso. If it’s a fit, Pacaso will buy the home and bring together co-owners. B. They get true real estate property ownership of a fully managed single-family home with fewer hassles and headaches.  4. The advantages of working with Pacaso for sellers include: A. Pacaso pays a premium for turnkey homes in select locations. B. Sellers can unlock equity and still retain up to half ownership of their homes. C. Sellers can remain co-owners of their homes but will have to find the buyers themselves. 5. The professionally managed LLC also handles property management. B. False

Los Angeles and luxury real estate go hand-in-hand. And when the city’s A-list buyers want to Stars of Bravo’s long-running “Million Dollar Listing LA” reality series and co-owners of Josh and Matt worked with Zillow for years and had gotten to know Pacaso co-founder and former Zillow CEO Spencer Rascoff. They had also met Pacaso co-founder and CEO Austin Allison, and the brothers knew Rascoff and Allison were real estate innovators.  So when the Pacaso founders approached the team to discuss their new venture, the brothers were intrigued. “Knowing their track record, we were interested, because these were guys who changed the business,” said Josh. Added Matt: “Josh and I jumped at the idea. It was an incredible concept and a product that I would use.” The Altmans, always on the lookout for innovations in real estate, were among Pacaso’s early agent partners. “We like to be the first to do new things. In order to stay on top, you really have to embrace change and technology, and understand how it can work to your benefit,” said Josh. But they had plenty of questions. “When Spencer and Austin presented their business idea to us, my initial reaction was, ‘How is it different from a timeshare, how do people sell their shares, how do they get financing’ — just like any buyer hearing about it for the first time,” said Josh. “Because it’s a new company, it takes a second for clients to wrap their heads around it, but after conversations with the Pacaso team, all our questions were answered.”   After going through the sale process with Pacaso, which Josh described as “seamless,” he was convinced. “I looked at my brother and said, ‘This is going to be really big. This is going to be game changing.’” Matt said it didn’t take long for their team at The Altman Brothers to embrace the concept as well. “I explained the benefits of the Pacaso model for both the homeowner and the buyers, and the team got it very quickly.”   More importantly, the brothers have found second home shoppers to be highly receptive. “The best selling point for buyers is you don’t have to take care of the house,” said Josh. “That’s why a lot of people shy away from second homes. With Pacaso, you get the best of both worlds but for a much lower cost. My clients like it because of the ease.”   For Matt, Pacaso’s fully managed model is a huge perk for buyers. “Owning a second home isn’t easy — you have maintenance, which is an issue no matter how new the home is, you’ve got upkeep. With a Pacaso, you just walk in with your toothbrush and your clothes. It’s a great feeling with no stress. It lets you enjoy a second home like you’re supposed to.”  Being able to tap into the luxury market at a lower price point is a win for buyers, said Josh. “Pacaso has really expanded the buyer pool for second home ownership. Most of the world cannot afford a second home, but Pacaso unlocks a whole group of buyers who weren’t there before.” Matt added, “What’s so special about the Pacaso model is it enables someone to own a real second home for a fraction of the price. A typical second home is empty half the time, which doesn’t make sense financially.” And for real estate agents? Josh thinks working with Pacaso is a “no-brainer.” He said, “Not only can you sell Pacaso the house, you can then sell it up to eight times to the individual buyers. You get commission on the sale of all those shares. Pacaso looks out for the agent and makes sure they get paid what they deserve.”  Matt described it as “an incredible opportunity for agents,” pointing to one of their early success stories in Malibu. The Altman Brothers found a desirable home that seemed like a perfect fit for Pacaso. “It was a hidden gem, a small property right on the beach. As soon as it was in escrow, all eight shares sold almost immediately.” Looking to the future of second home ownership, the brothers agree Pacaso is onto something big. “Pacaso is really changing second home ownership, and I think this is just the beginning. Five years from now, people are going to own multiple second homes for one-eighth the price, and that’s a game-changer,” said Josh.  Matt said he’s considering a Pacaso for his own family. “I see Pacaso becoming a household name in the next few years. I live in LA, and this winter I thought about buying a second home in Big Bear. But I’m only going to use it a portion of the time —  I’d much rather buy a Pacaso knowing I’m only going to use it part-time, but I still have ongoing access to the home. It’s a great product.”

Beautiful American cities attract big businesses, and big businesses pay well for top talent, making metropolitan areas flush with million-dollar homes. But which cities lead the high-priced real estate pack? A 1. San Jose, CA Located in the heart of Silicon Valley, San Jose is the hotspot for 2. San Francisco, CA Just north of Silicon Valley, San Francisco has 42% of its homes valued at over $1 million. But the size of million-dollar homes in San Francisco varies widely depending on location and condition, with 700-square-foot condos in popular neighborhoods going for $1 million, and suburban homes with close to 3,000 square feet listed at the same price. The neighborhoods with the highest appreciation in San Francisco are just east of Lake Merced and bordering San Francisco State University.  3. Los Angeles, CA Are you starting to see a California trend? Los Angeles has long been known for pricey real estate, and its selection of million-dollar homes make up 19% of the market. The average size of million-dollar homes in the City of Angels is 1,720 square feet, with 92% of them built before 1999. The priciest neighborhoods include Bel Air, Brentwood, West Sunset Boulevard, and areas along the Pacific Coast Highway.  4. San Diego, CA San Diego continues the trend of expensive West Coast real estate, with 14% of the homes valued at over $1 million. Median home values in San Diego are around $665,000, with the majority of homes in the area priced between $596,000 and $894,000.  5. Seattle, WA Seattle’s 91% white-collar workforce is a contributing factor to having 11% of its homes valued at a million dollars or more. You’ll find the most expensive neighborhoods near Edgewater Park/Broadmoor, Laurelhurst, and East Roy Street at 24th Avenue East. Newer construction dominates the scene, with nearly 24% of all homes built since 2000.  6. New York, NY New York City is known for its expensive real estate, so it’s no surprise that the Big Apple made this list: 10% of homes are valued at a million dollars or more. But unlike many other urban areas in the U.S., New York’s dense population means that 95% of the city’s homes are apartments, not detached houses. One-bedroom apartments make up 39% of those units, and it’s rare to find a home with five bedrooms or more in the city.  7. Boston, MA In Boston 9% of the housing inventory is valued over $1 million. You’ll find Boston’s priciest real estate at Beacon Street near Fisher College and Boylston Street near Presidential Plaza. Boston is known for its history, and it’s not just monuments and museums — in fact, 50% of the city’s real estate was built before 1940. As a college town, Boston also has a high percentage of renters, with only 33% of homes occupied by owners. 8. Washington, D.C. Like Boston, Washington is a hotspot for American history, but with a larger inventory of newer construction homes: 34% of homes in the district were built before 1940. Million-dollar homes make up 7% of the D.C. real estate market, with Dupont Circle’s historic mansions, Georgetown and The Palisades among the city’s most expensive neighborhoods. Typical home values range from about $236,000 to $1.2 million, with no single price bracket cornering the D.C. market.  9. Miami, FL With glamorous mansions lining its waterways, million-dollar homes are part of Miami’s scenery, making up nearly 5% of the city’s homes. Miami also has some of the newest homes, with 27% of its housing constructed after 2000. Up-and-coming Miami neighborhoods include Buena Vista, City Center and Biscayne Boulevard at Miami Dade College.  10. Denver, CO The Rocky Mountain gem of Denver rounds out the list with 4% of its market consisting of million-dollar homes. Home values are pretty evenly distributed between $122,000 and $914,000, with 86% of them falling in this range. The city is also divided nearly equally between owners and renters, at 49% and 51%, respectively.

The demand for second homes is growing, but so are the barriers. With limited inventory and rising prices, many buyers are hesitant to take on the full cost and responsibility of a second property. Others worry about leaving a home unused for much of the year or managing short-term renters. That’s where co-ownership comes in. This modern approach to second-home ownership gives agents a powerful way to meet evolving client needs, earn more through commissions and grow your business in a changing market. With co-ownership, buyers purchase a share of a private, high-value home alongside a small group of other vetted owners. It’s an ideal solution for clients seeking more flexibility and accessibility than traditional second-home ownership, with greater equity and control. With Pacaso, clients benefit from a professionally managed LLC co-ownership model that offers true real estate ownership. While DIY LLC ownership has existed for years, it’s often difficult to manage. Pacaso simplifies the process by handling the management, maintenance and scheduling so your clients can enjoy their home for several weeks a year, minus the typical headaches of ownership. Co-ownership isn’t just a smart option for buyers, it’s a business-builder for agents. Whether your clients are priced out of full ownership or simply want more flexibility, co-ownership allows you to expand your reach and offer more tailored solutions. No matter where you’re based or licensed, you can refer clients to thousands of homes nationwide and in select global markets and earn a Want to take your business to the next level? Our free Co-ownership isn’t just a trend, but a smart, strategic way to meet modern buyer needs.

As you browse Pacaso listings, you may notice this repeated phrase: “The home comes fully furnished and professionally decorated.”  One standout feature of a Pacaso is the But a Pacaso is more than just a pretty face! Beyond the visible design elements, our homes are supplied with all the necessities and special touches that make an owner’s stay relaxing and easy. And for families with children or grandchildren, we've made sure our Family-Friendly Second Homes™ are equipped with all the essentials for a comfortable stay — we want you to spend less time packing and more time having fun! Here’s a peek inside the cupboards and closets of our Pacaso homes.  Dining delights Whether your idea of a dream dinner is a homemade multicourse feast or takeout by the pool, we’ve got you covered. Kitchens are stocked with all the food-prep essentials and then some, including an array of high-end pots and pans, pizza stones, mixing and measuring sets, German cutlery, and all manner of bakeware. Plus, countertop appliances like multicookers, stand mixers, blenders and more make it fast and easy to whip up your favorite treats.  When you don’t feel like cooking, you can serve fresh bakery croissants or a charcuterie assortment in style, using our sophisticated white porcelain china and Portuguese flatware.  For your morning pick-me-up, choose from Nespresso or standard brew (or use the electric kettle for a spot of tea). When winding down, our barware collection caters to nearly every preference, whether you bring along red, white, bubbly or create a custom cocktail. Bed, bath and … BBQ Beds are fitted with quality linens, luxurious duvets and assorted pillows. Bathrooms are stocked with plenty of towels, hair dryers, a scale and magnifying mirror, and basic toiletries like shampoo, conditioner, body wash and soap.  For homes with outdoor entertaining spaces, you’ll find gas barbecues, fire pits, outdoor drinkware and dinnerware and patio furniture. If the home has a pool, we even supply floaties for added fun, while Work and play If you need to catch up on work during your stay, you can count on high-speed internet throughout the home, a charging station and, in many homes, a dedicated work space. Once you’ve logged off for the day, sit down with the family to enjoy one of the provided games, like Jenga, backgammon or cards. If you’re looking for more modern forms of entertainment, never fear — all Pacasos have smart TVs and streaming services so you can catch a show, tune into your favorite sporting event or keep the kiddos entertained while you enjoy a quiet moment watching the sunset with a glass of wine. Speaking of little ones, our Family-Friendly Second Homes are equipped with kid-friendly dinnerware and cutlery, a high chair, booster seat and Pack ‘n Play. And homes in beachfront and warm climates come equipped with beach chairs and pool floaties for bonus fun in or by the water. Household necessities Need to clean up some spilled spaghetti sauce? Or change a light bulb in the hall? While we focus on luxury living, we’ve also prepared our homes for those less-than-glamorous aspects of daily life. Mops, brooms, cleaning supplies, extra light bulbs and batteries, an iron and steamer, and even a mini-toolkit are provided to ensure you have what you need, when you need it, to handle the little details of your stay.  See the full list of

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. 

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

Many second home buyers are wary of high costs and ongoing maintenance, and worry they won’t have enough time to use their home. Pacaso is the best solution, according to San Francisco-based luxury real estate broker Roh Habibi of Sotheby’s International Realty. “Every complaint that I’ve gotten from my clients that own second and third homes in all these destinations — Pacaso has solved it,” said Roh, describing how Pacaso makes it easy for buyers to enjoy their second home. Plus, Pacaso handles the legwork, including tours, inspections and escrow. “For me as an agent, the Pacaso transactions are the easiest I will do all year.” Watch the video to learn more about co-ownership and the benefits of working with Pacaso, from easy in-person or virtual touring with clients to a generous and fast commission structure for agents.