Wealthy buyers pay more than $1 million for six weeks for luxury villas via Pacaso. I visited one of these vacation homes on a recent trip to Jackson, Wyoming. Tour this six-bedroom home with sauna and living rooftop.
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Wealthy people pay more than $1 million to stay in their dream vacation homes for about six weeks a year. They, along with up to seven other buyers, are looking to purchase a home worth more than $10 million.
For example, Harvest Ridge, a luxury property in Jackson Hole, Wyoming, is available for co-ownership through Pacaso, a vacation rental company that operates in 40 destinations across the United States and internationally.
Harvest Ridge currently has one share for sale, valued at $1.68 million.
Owning a share in Pacaso House allows buyers to live there for about six weeks. Vacation homes with multiple owners are booked year-round, rather than remaining vacant for months on end as with a single owner. Co-owners use the app to book their time at the villa.
Pacaso will be in charge of furniture, design and property management.
The company has a design team that designs each home to “very high and consistent standards,” CEO Austin Allison told Business Insider.
“We choose finishes, furniture and art that appeal to a wide audience, rather than being appealing to one person and off-putting to another,” he added.
However, no two properties are the same.
“We incorporate local work from local artists, furniture dealers, bookstores, etc.,” Alison says. “So when you go to a Jackson Hole home, it feels like a Jackson Hole home that was designed with local market expertise in mind.”
During a recent visit to Jackson Hole, I spent two hours exploring every nook and cranny of this ultra-luxury home. There was plenty of time to admire the three-story masterpiece that reminded us of being in Wyoming at every turn.
