Ember Continues Growth in Popular Vacation Destinations
Bend, Oregon and Newport Beach, California Properties Are Now Available for Co-Ownership Through Ember
SALT LAKE CITY – May 25, 2022, 11 a.m. ET – Ember, a real estate proptech company, today announced new properties in Bend, Ore. and Newport Beach, Calif. With this continued expansion, Ember is bringing the dream of vacation home ownership to more families through co-ownership powered by technology, convenience, and innovation.
Recent research shows the vacation-home boom has continued to grow in 2022. With demand up nearly 90 percent from pre-pandemic levels, more people are taking advantage of remote work and low mortgage rates to escape to and invest in vacation destinations.
“There are 10 million second homes in the U.S., yet on average they’re only occupied six weeks a year. That’s 460 million weeks that vacation homes sit unoccupied, unused, and unloved. With our model we are not only ensuring vacation homes are utilized to their full potential, we are making the experience seamless for owners,” said Ember CEO Kurt Avarell.
Central Oregon has long been a premier vacation destination and by extension a desirable location to own a vacation home. Ember’s Ponderosa home is a luxury craftsman six-bedroom, seven-bathroom residence. This gorgeous stone and timber home is nestled within the pines but moments away from everything Sunriver and Bend have to offer. The home includes stunning walls of windows and high ceilings, multiple ensuite bedrooms and a gourmet kitchen. All Ember homes include professionally designed and fully furnished interiors along with high-end appliances and finishes.
Ember’s second Newport Beach home, the Apollo, is a four-bedroom, five-bathroom coastal retreat located on the exclusive Balboa Peninsula. A newly constructed home, this exquisite property is sleek, modern, and timeless in its design. The Apollo’s rooftop terrace, equipped with a custom outdoor kitchen, allows owners to enjoy the amazing ocean breeze and sunset views while dining al fresco. Perfect for bespoke modern living, this turnkey beach house has all the features and amenities needed for entertaining or to sit back and relax with family and friends.
“Ember is so pleased to be able to offer this new model of co-ownership to buyers in the region. Southern California, in particular, has seen high demand among buyers over the past couple of months. The sought-after waterfront homes are where many people want to vacation long-term to create memories with their friends and family,” said Ember CXO and co-founder Jeff Lyman.
Ember is vacation home ownership built for the way we live, work, and play today – making it flexible, accessible, and tech-forward. Every step of the vacation home ownership process is expertly managed by Ember.
Ember is built on four core pillars that differentiate them from other vacation models: (1) buying and building high-end, professionally designed vacation homes in destination locations; (2) creating a property-specific LLC so that the home can be purchased in shares by co-owners at a fraction of the whole home price; (3) streamlining vacation home ownership by stripping out the burdens of a second home and instead providing property management and a thoughtfully-designed app that centers on the experience; and (4) increasing vacation home accessibility to significantly more people.
Shares of the Newport Beach and Bend homes are available for purchase with first stay availability later this summer. To find an Ember home or for more information about co-ownership, please visit: www.emberhome.com.
Ember is a real estate proptech company that is reimagining the vacation home experience through technology, white-glove service, and co-ownership. Ember is enabling the dream of vacation home ownership for millions. Ember’s tech-forward approach transforms traditional ownership by enabling co-owners to purchase luxurious properties, unlocking an opportunity that most people previously thought was out of reach. Ember streamlines every step of the vacation home ownership process from purchase to planning each stay with the proprietary Ember app and enhances the experience with a personal, in-market Ember concierge who manages everything from services to maintenance of the home. Ember is simply a better way to own a vacation home. Learn more at EmberHome.com. Follow Ember on Instagram, TikTok, Facebook, and Twitter: @emberhome.