Second homes: Aspen, Tahoe, Napa & Carmel
Choosing between second homes in Aspen, Lake Tahoe, Napa and Carmel comes down to the life you want at your doorstep. Ski culture and galleries in Aspen, year-round alpine living on Tahoe's water and trails, vineyard days in Napa, and coastal walks in Carmel each offer distinct appeal. For 2026, we compare market dynamics, lifestyle highlights and how Pacaso co-ownership can put you in the right home, in the right place, without compromise.Aspen market snapshot and lifestyle
Lake Tahoe market snapshot and lifestyle

Napa market snapshot and wine country living
Carmel market snapshot and coastal culture

How co-ownership gives you access to second homes
Pacaso co-ownership structures ownership into professionally managed shares of a fully furnished home, so you secure the time you want in a premier location while aligning cost with actual use. Whether you’re comparing Aspen luxury homes, Lake Tahoe luxury homes, Napa vacation homes or Carmel vacation homes, co-ownership provides a direct path to the lifestyle, with dedicated ownership in a real home you’ll return to again and again.Pros and cons by destination
Aspen
- Pros: World-class skiing and dining; strong walkability; rare inventory supports long-term desirability.
- Cons: Entry pricing among the highest; strict building limits reduce flexibility for major rebuilds.
Lake Tahoe
- Pros: Four-season recreation on water and snow; multiple distinct shores to match lifestyle; growing demand at the high end.
- Cons: Prime lakefronts are competitive; winter travel can add complexity for last-minute trips.
Napa
- Pros: Culinary and winery access in a compact drive radius; broad mix of neighborhoods and price points; ideal for hosting.
- Cons: Peak-season reservations require planning; some submarkets show longer days on market.
Carmel
- Pros: Walkable village, beaches and golf; limited coastal inventory supports desirability; refined dining and arts scene.
- Cons: Premium pricing near the water; compact lot sizes compared with inland markets.

