- Wealthy buyers pay over $1 million for six weeks in luxury vacation homes via Pacaso.
- I visited one of these vacation homes on a recent trip to Jackson, Wyoming.
- Take a look around the six-bedroom home with a sauna and a living rooftop.
The wealthy are paying more than $1 million to sleep in the vacation home of their dreams — for about six weeks a year. They’re going in on homes that cost more than $10 million with up to seven other buyers.
For example, Harvest Ridge, a luxury estate in Jackson Hole, Wyoming, is available for co-ownership through Pacaso, a vacation-home company operating in 40 destinations across the US and abroad.
Harvest Ridge currently has one share for sale, costing $1.68 million.
Owning one share of a Pacaso house allows buyers to live there for about six weeks. With multiple owners, the vacation homes are booked year-round rather than sitting empty for months as they would with a single owner. Co-owners use an app to book time in their vacation home.
Pacaso takes care of furnishing, design, and property management.
The company has a design team that styles each home to a “very high and consistent standard,” CEO Austin Allison told Business Insider.
“We select finishes, furniture, and art that appeals to a broad audience as opposed to something that might be attractive to one person but a turnoff to another person,” he added.
But no one property is the same.
“We incorporate local pieces, whether it’s local artists, furniture dealers, or bookstores,” Allison said. “So when you go to the home in Jackson Hole, it feels like a Jackson Hole home that was appointed with local market expertise in mind.”
On a recent trip to Jackson Hole, I spent two hours exploring every inch of the ultra-luxury home. It was just enough time to take in the three-story masterpiece that reminded me I was in Wyoming at every turn.
