Pacaso, the real estate platform that helps people buy and co-own a luxury second home, has expanded its service to Monterey Bay, California. The company has begun hiring a regional team and is working with a variety of local businesses to support its operations.
“We’re delighted to be able to now offer our Pacaso model to families looking to purchase a second home in Monterey Bay,’” said Pacaso Co-founder and CEO Austin Allison. “From stunning coastline and scenic bluffs, to the quaint downtown of Carmel, Monterey Bay has made a name for itself as a world-class getaway. Our service offering allows a small group of families to become part of a community for the long term through co-ownership of a luxury home, and short-term rentals are strictly prohibited.”
Pacaso partners with all interested real estate agents and brokerages in markets where it operates. Real estate agents representing buyers who purchase a share of a Pacaso home receive a 3% referral commission in addition to 500 RSUs of Pacaso stock as a referral equity bonus.
Pacaso’s first listing in the area is a contemporary five-bedroom located just minutes from downtown Carmel on a half acre along scenic Highway 1, with nearby private beach access. The home, designed by Studio Schicketanz, maximizes the surrounding vistas and overlooks the Pacific, and buyer demand for the home has been high.
