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Pacaso

Co-ownership platform for luxury vacation homes

Overview

Pacaso provides fractional ownership of luxury vacation homes by buying high-end properties, renovating them if needed, and selling shares to multiple buyers. Each owner can use the home for a set period each year and can finance up to 70% of their share, with competitive financing options. Pacaso also charges a management fee for upkeep, scheduling, and logistics, ensuring a hands-off experience for owners. The company differentiates itself by offering a co-ownership model that distributes costs and responsibilities among owners and by handling all property management and scheduling, making luxury vacation home ownership more accessible in over 40 destinations worldwide. Its goal is to make luxury vacation home ownership straightforward and affordable through fractional ownership and full-service management, expanding access to high-end properties while removing typical ownership burdens.

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About Pacaso

Simplify's Rating
Why Pacaso is rated
C-
Rated C on Competitive Edge
Rated C on Growth Potential
Rated D+ on Differentiation

Industries

Financial ServicesReal Estate

Company Size

51-200

Company Stage

N/A

Total Funding

$1.7B

Headquarters

Cincinnati, Ohio

Founded

2020

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Simplify's Take

What believers are saying

  • Q1 2026 brought margin expansion and improved inventory efficiency, reported May 1 2026.
  • Pacaso launched Tuscany, Mayfair, Deer Peak, and Playa Linda in 2026.
  • August 5 2026 AnyProp integration speeds MLS expansion across dozens of U.S. markets.

What critics are saying

  • Stefan and Nancy Richter sued Pacaso on April 21 2026 for securities fraud.
  • Sullivan's Island keeps fighting Pacaso's zoning win, leaving rental classification unresolved.
  • If courts label shares securities or vacation rentals, Pacaso's model breaks.

What makes Pacaso unique

  • Pacaso pairs fractional ownership with property-specific LLCs and SmartStay scheduling.
  • Infinity, launched February 3 2026, extends co-ownership into whole-home exchange.
  • Texas Capital-backed mortgage product targets co-buyers, fixing a financing gap.

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Funding

Total Funding

$1.7B

Above

Industry Average

Funded Over

8 Rounds

Notable Investors:
Lending Capital funding comparison data is currently unavailable. We're working to provide this information soon!
Lending Capital Funding Comparison Coming Soon

Benefits

  • Health Insurance
  • Dental Insurance
  • Vision Insurance
  • Unlimited Paid Time Off
  • 401(k) Retirement Plan
  • Parental Leave
  • Home Office Stipend
  • Phone/Internet Stipend
  • Stock Options

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

2%

2 year growth

1%
PR Newswire
Oct 15th, 2026
Pacaso hires Laura Vestal as marketing VP and Myles Phillips for acquisitions and capital markets

Pacaso, a real estate co-ownership company for second homes, has hired two executives: Laura Vestal as vice president of marketing and Myles Phillips as vice president of acquisitions and capital markets. The company announced the appointments on October 15, 2026. Vestal was most recently head of marketing at DOOR (formerly Latch), where she led its rebrand. She previously held the same role at Invisibly. She is designing an AI-native marketing approach for Pacaso. Phillips has more than 12 years of institutional real estate experience, including over five years at Tishman Speyer. He is focused on acquisitions in existing and new US and international markets, and on new financing options. Pacaso offers co-ownership in more than 40 destinations worldwide.

PR Newswire
Sep 30th, 2026
Pacaso reports 18.8% margin expansion and 25% adjusted EBITDA loss improvement in H1 2026

Pacaso reported first-half 2026 financial results showing margin expansion and improved operating efficiency. The luxury vacation home co-ownership marketplace achieved adjusted gross profit of $15.5 million, up 23% year-over-year, with margins expanding to 18.8% from 15.2% in the first half of 2025. The company reduced its adjusted EBITDA loss by 25% to $7.0 million. During the period, Pacaso expanded its Swap feature, allowing owners to exchange stays between homes. The company launched Infinity, a private home-exchange community that extends Swap to whole-home owners, adding 26 destinations across 10 countries. CEO Austin Allison said co-ownership represents the future of second home ownership. CFO Alvaro Cortes noted progress on key metrics whilst acknowledging continued work on cost discipline and home sale economics.

PR Newswire
Sep 16th, 2026
Pacaso debuts Playa Linda, a five-bedroom ocean-view villa in the San Jose Corridor.

Pacaso debuts Playa Linda, a five-bedroom ocean-view villa in the San Jose Corridor. Sep 16, 2026, 14:30 ET New Pacaso home in Palmilla brings resort-style outdoor living, Sea of Cortez views and beach club access to one of Mexico's most established coastal enclaves SAN JOSE DEL CABO, Mexico, Sept. 16, 2026 /PRNewswire/ - Pacaso, the leading real estate co-ownership company for second homes, today announced the launch of Playa Linda, its newest residence in San Jose del Cabo, Mexico. Located in Palmilla Norte along the San Jose Corridor, one of Los Cabos' most established beachfront communities, Playa Linda offers buyers a fully furnished, professionally managed vacation home starting at $872,000 for a one-eighth ownership share. Six of the home's eight shares have already sold, leaving just two remaining. Newly furnished and Pacaso Design Certified(TM), Playa Linda is a five-bedroom, six-bathroom home spanning 4,892 square feet with sweeping views of the Sea of Cortez. The property is built around resort-style indoor-outdoor living, anchored by an infinity pool, jacuzzi, palapa lounge and kiva-style outdoor fireplace, with vaulted ceilings and covered terraces designed for entertaining. "Playa Linda highlights why Los Cabos has become one of our most sought-after second-home destinations. This home has incredible views and access to some of the best beaches and five-star amenities," said Austin Allison, CEO and co-founder of Pacaso. "But what really draws people to a home like Playa Linda is what ownership feels like once they're there. Our owners get to show up and be fully present with their families. That's the idea behind Pacaso: all of the memories a second home is meant to hold, without the weight of traditional ownership." Playa Linda's five bedrooms include four king suites and a fifth with two queen beds, making the home suited to both quiet getaways and larger family gatherings. Owners also receive a one-year membership to Palmilla Dunes, one of Cabo's premier beach clubs, featuring resort-style pools, a state-of-the-art fitness center, spa, tennis and pickleball courts and oceanfront dining. As with every Pacaso home, ownership includes professional management. Pacaso handles maintenance, housekeeping and scheduling through its SmartStay(TM) system, so owners can simply arrive and enjoy the home. About Pacaso Co-founded in 2020 by Austin Allison and Spencer Rascoff, Pacaso(R) makes it possible to co-own a home in more than 40 destinations around the world - a home that's truly yours, fully managed, and sized to the share you'll actually use. Each Pacaso home is owned by its co-owners through a property-specific LLC. Owners hold a real interest in one specific home, with no fixed weeks and the ability to sell their share. Pacaso handles the buying, upkeep, and scheduling, so owners can focus on what matters: the rituals and memories a second home is meant to hold. In 2026, Pacaso introduced Infinity by Pacaso(TM), an invitation-only home exchange for a curated group of owners, giving them access to swap stays across a growing network of extraordinary homes in destinations like St. Barths, Tuscany, and Paris. Learn more at pacaso.com. SOURCE Pacaso

PR Newswire
Aug 5th, 2026
Pacaso and AnyProp partner to support nationwide MLS data integration.

Pacaso and AnyProp partner to support nationwide MLS data integration. Aug 05, 2026, 09:22 ET AnyProp helps Pacaso expand its luxury co-ownership marketplace with normalized MLS data, unified APIs, and compliance support across U.S. markets NEW YORK, Aug. 5, 2026 /PRNewswire/ - Pacaso, the marketplace for co-ownership of luxury second homes, has engaged AnyProp, a data services and MLS compliance platform, to support the expansion of Pacaso's inventory across U.S. markets. AnyProp provides normalized access to MLS listing data, unified API integrations, and compliance support across dozens of markets, local real estate boards, and MLS organizations. "For a national real estate platform, adding a new market should be a product decision, not a months-long data integration and licensing project," said Lawrence Zhou, Co-Founder of AnyProp. "AnyProp gives companies a consistent data layer and an experienced MLS compliance team, allowing them to focus engineering and operational resources on their core products rather than rebuilding the same infrastructure market by market." Operating a multi-state real estate marketplace can require coordination with numerous MLS organizations and real estate associations, each with its own approval processes, licensing requirements, data feeds, and technical standards. AnyProp acts as a central point of coordination for those logistics, including MLS onboarding, data licensing for IDX, VOW, or broker back-office use cases, ongoing compliance, and normalization of disparate listing feeds into a unified RESO-compliant API. Pacaso, founded in 2020 by former Zillow executives, has modernized luxury vacation-home ownership through a co-ownership model that allows buyers to purchase and enjoy a professionally managed second home. As Pacaso expands into new markets, maintaining accurate property data and compliance with local MLS requirements remains critical to its operations. "Partnering with AnyProp streamlines our operations, allowing us to focus on curating exceptional properties for our owners while AnyProp's team handles the intricacies of maintaining data feeds and ensuring compliance with dozens of MLS organizations," said Marnie Blanco, Senior Vice President of Industry Relations at Pacaso. AnyProp works with brokerages, proptech platforms, investors, financial institutions, and specialty marketplaces to provide a unified MLS data API, normalized property data, verified media, location data, and compliance tools. Its infrastructure helps clients reduce integration complexity, manage regulatory requirements, and expand more efficiently across hundreds of real estate markets. "The U.S. MLS ecosystem is still highly fragmented, with hundreds of organizations that can each have different agreements, data standards, display rules, and compliance requirements," said Faye Chou, Director of Compliance and MLS Relations at AnyProp. "Our role is to absorb as much of that complexity as possible, so clients can expand into new markets while maintaining a consistent technical integration and staying in good standing with each MLS." About AnyProp AnyProp is a real estate technology platform built by engineers for engineers, providing unified MLS APIs and normalized property data for IDX, VOW, and broker back-office use cases. AnyProp helps real estate companies access and manage property data across hundreds of markets through a single technology and compliance infrastructure. For more information, visit www.anyprop.com. About Pacaso Pacaso(R) is a technology-enabled marketplace that modernizes real estate co-ownership, enabling families to own and enjoy luxury vacation homes. For more information, visit www.pacaso.com. SOURCE AnyProp, Inc.

Qube Mark
May 10th, 2026
Pacaso secures $100M credit facility for first co-ownership mortgage product in US

Pacaso has introduced the first purpose-built 30-year mortgage for co-ownership of vacation homes in the US, backed by a $100 million credit facility from Texas Capital. The financing solution allows qualified buyers to finance their share of a second home through a standardised mortgage product. The bespoke mortgage supports multiple co-borrowers under a single loan origination and includes an interest-only period of up to five years. Traditional mortgages were not designed for co-ownership structures, and Pacaso developed this product to address that gap. According to Pacaso's July 2025 survey, one-third of respondents cited difficulty securing financing as a top barrier to buying vacation homes. The company plans to roll out the financing product across US markets in Q4 2025.

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