Celebrating three years of second home co-ownership
Published Date: October 5, 2023
In 2020, our co-founders Austin Allison and Spencer Rascoff embarked on a mission to redefine the way people experience second home ownership. Three years later, we proudly stand as the leading tech-enabled second home marketplace in the industry.With epic properties, high-end interior design, innovative scheduling technology, dedicated home management, and integrated financing, we’ve created the best way to not only own a second home but also make lifelong memories with your family.Here are some highlights from our incredible journey so far.
First Pacaso home
In 2020, The Poolhouse became the first-ever property to be offered on our market for co-ownership. We quickly sold the home, and knew we had something special on our hands. We launched Pacaso in October 2020, focusing on 25 key markets.
1,500+ satisfied owners
As of this year, we have a community of 1,500 owners — plus, 500 Pacaso pups. Our owners’ happiness is our North Star, and it shows. With an average 4.8 CSAT score, we’re proud to deliver exceptional experiences and enrich the lives of families around the world. Don’t just take our word for it. Hear from owners about how easy it is to create lasting memories in their Pacaso.
90,000 total stay nights booked
Since we’ve launched, Pacaso owners have enjoyed nearly 90,000 unforgettable nights in their Pacaso homes. That’s 90,000 days and nights of creating traditions, spending quality time and making unforgettable memories.
Best place to work
Enriching lives starts with our talented Crew. Pacaso is proud to be a certified great place to work — we’ve been one of Glassdoor’s 2022 Employee Choice companies and LinkedIn’s 50 Startups to Watch, and we also ranked on Fortune's Top 100 Small and Medium Workplaces list in 2021 and 2022.“I was deeply moved to join Pacaso because of our company mission,” shared Lucy Woltman, Pacaso’s SVP of New Construction and Acquisition. “I get emotional hearing how much a second home means to owners and their families. I truly believe one discovers their best self in a second home.”
Fastest home to sell
In July 2023, Esperanza — a Pacaso in the prestigious gated community of Punta Ballena — became the fastest-selling home in our history. The popularity of this home, as well as the success of our sales this past summer, signals strong demand for co-ownership.
Exceptional design, every time
Pacaso homes aren’t just impressive — they’re show-stoppers! Fully 95% of Pacaso owners rave about the design to family and friends. Thanks to our expert team, every Pacaso home transforms from empty to owner-ready in just six weeks.
Homes in the Pacaso resale marketplace have seen an average gain of over 10%, with a remarkable 75% of owners expressing interest in co-owning a Pacaso second home in the future. “The markets within our vibrant marketplace are frequently characterized by listing prices that may be out of reach to many aspiring second home owners," said Pacaso CEO and Co-founder Austin Allison. "Our co-ownership model not only reduces the entry threshold for buyers, but also makes it easy to get in, easy to own, and easy to get out. Our model empowers owners to tailor their ownership to their lifestyles, making Pacaso an appealing choice for those looking to align their ownership with their actual usage."
What’s next for Pacaso
We’re excited for the road ahead. As Pacaso enters its next chapter, we plan to continue innovating on our marketplace and bring second homes to even more families. Thank you to our Pacaso Crew and our community of owners, partners and supporters who have made these three years extraordinary. Here's to many more years of reimagining second home ownership together — we truly believe the best is still to come.