The co-ownership home model, Pacaso, expands to La Jolla and North County

Mont Blanc. Montecito. Windansea. 

La Jolla is officially joining the ranks of the Pacaso real estate portfolio. The start-up, founded by two Zillow executives, acquires single-family residences and then offers a piece of ownership to multiple buyers, akin to a fractional ownership model.

Take Marine Lair, located across from Windansea and listed for $1.3 million for 1/8 ownership. The 3-bedroom, 4.5-bathroom property features a rooftop saltwater pool and a turntable garage floor that ensures you always leave facing the ocean. It’s one of six active Pacaso properties in San Diego. 

“Our portfolio here captures what buyers want: panoramic ocean views, a lively cultural scene, and endless ways to enjoy the outdoors,”says Pacaso CEO and founder Austin Allison. 

Also part of the swoonworthy Windansea portfolio: 442 Westbourne Street, a newly built 4-bedroom, 4.5-bathroom house fetching $1,045,000 for 1/8 ownership. Amenities include a state-of-the-art chef’s kitchen. 

Different from a time share, Pacaso ownership is individual, allowing properties to be listed for sale on the MLS or Zillow. Also a key differentiator is that Pacaso limits the number of shares per home to eight while a timeshare unit may be shared by 52 other people in a resort/condo.