Pacaso Launches Innovative Luxury Second Home Co-ownership Platform in Monterey Bay, California

By Aaron Crowley On Nov 17, 2021

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MONTEREY BAY, California, November 17, 2021 / PRNewswire / – Pacaso, the leading real estate platform helping people buy and co-own a luxury second home, announced today that it is offering services on Monterey Bay, California. The company has started hiring a regional team and is working with a variety of local companies to support its operations.

“We’re excited to now offer our Pacaso model to families looking to buy a second home in Monterey Bay,” said Pacaso Co-Founder and CEO Austin Allison. “From the stunning coastline and scenic cliffs to quaint downtown Carmel, Monterey Bay has made a name for itself as a world class vacation. Our range of services enables a small group of families to become part of a community over the long term by co-owning a luxury home, and short-term rentals are strictly prohibited. “

“I was intrigued by Pacaso’s co-ownership model, which offers great benefits to the right customers,” said the executive director of Carmel Realty Company Shelly Mitchell Lynch. “I worked with the Pacaso team to find their first listing in Monterey Bay and we found the perfect solution that combined an exceptional property, environment, location and lifestyle. Working with Pacaso was an incredibly positive experience.”

Pacaso works with all interested real estate agents and brokers in the markets in which it operates. Real estate agents representing buyers purchasing an interest in a Pacaso home will receive a referral fee of 3% in addition to 500 RSUs of Pacaso shares as referral capital bonus. Monterey Bay agents interested in working with Pacaso can learn more on the company’s website.

Pacaso’s first entry in the area is a modern five-room hotel just minutes from downtown Carmel on a half acre along scenic Highway 1 with access to the nearby private beach. Designed by Studio Schicketanz, the home maximizes the surrounding views and overlooks the Pacific, and buyer demand for the home has been high.

To learn more about the homes available in Monterey Bay, please visit the Pacaso website.

About Pacaso
Pacaso® (pronounced like “Picasso”) modernizes the decades-old practice of co-ownership by creating a marketplace that makes buying, owning, and selling a luxury second home easy. From putting together the best listings in the top second home markets to offering integrated finance and sales of as little as ⅛ to ½ property; upscale interior design; and professional property management, Pacaso offers owners all the advantages of an uncomplicated second home. After the purchase, Pacaso manages the house continuously and supports a smooth resale process in cooperation with a licensed real estate professional.

Pacaso was co-founded by former Zillow executives Austin Allison and Spencer Rascoff.

SOURCE Pacaso

Pacaso Launches Innovative Luxury Second Home Co-ownership Platform in Monterey Bay, California

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