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Former Zillow execs redefine the $1.3 trillion vacation home market
Pacaso is redefining the $1.3 trillion vacation home market. | Photo provided by Pacaso
Remember when Zillow changed the real estate landscape?
Spencer Rascoff co-founded Zillow, scaling it into a $16 billion real estate giant. But everyday investors couldn’t invest until after the IPO, missing early gains.
“I wish we had done a round accessible to retail investors prior to Zillow’s IPO,” Spencer later said.
This company doesn’t just reshape ownership — it redefines the $1.3 trillion vacation home market.
How:
Disruption: They transform underused vacation properties into co-owned assets occupied ~90% of the year. This has facilitated $1+ billion in transactions and earned over $100 million in gross profits.
Ecosystem: Their digital marketplace allows buyers to seamlessly co-own, sell, and finance shares of luxury homes while managing scheduling, maintenance, and design.
After impressive first-half earnings that saw adjusted gross profits grow 38%, they’re now turning their focus to international expansion. The company has already recorded record-breaking sales in Paris, secured seven homes in Cabo San Lucas, and recently bought their most valuable European property yet in London.