^Almost certainly, unless you have a pattern of doing this all the time and flipping houses is one of the ways you make your money. In other words, unless your vacation homes are inventory to you instead of a capital asset, you're paying tax on the gain.
I vaguely recall some rule about "same or similar property" where you can roll your proceeds into a new near-identical property within a specific time frame and defer the gain but I don't think it applies to vacation homes...
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