Luxury is more than location, location, location. For a wealthy investor, acquiring and holding collectibles is equal to building a store of treasures. Trophy real estate is the ultimate collectible treasure. This is a passion among high-net-worth individuals. Limited-edition structures and one-time creations by highly regarded national or international architects and designers who create works of art is what draws Luxury Estate owners to these iconic and historic designs. They seek to own these architectural collectibles to live in a piece of art and history. This is a true definition of Luxury Living.
Estates can range from slower tempo and quality of life priorities to convenience of city life as offered in a high-rise penthouse. There is a quest for meaning and better life such as being enriched through amenities, lifestyle options, and entertainment experienced every day. When selecting a property of provenance, history plays an important role as luxury owners want a legacy and sense of presence they can honor as they build their own memories. Luxury Estates for convenience such as upscale apartments in luxury developments offer multi-functional spaces for flexible entertaining, security, concierge, and other luxury amenities to accommodate a busy lifestyle or assist in downsizing to city-life enjoyment. Affluent buyers want to be close to a vibrant community, culturally rich offering outdoor activities as well as opportunities to make a difference.
Luxury is conscious living. There are traditional luxury locales, and those willing to pay a premium in emerging luxury areas if the amenities and lifestyle are a fit. A healthy environment fuels a trend of conscious living such as energy efficient, ecologically conscious in construction and amenities, and alignment of sustainable architecture with natural landscape. Buyers value creative vision and thoughtful design as a way of enhancing their lifestyle spending on property features such as a meditation garden.
Wealthy consumers are informed and globally exposed. They have become more sophisticated than previous generations. The shift is from less materialistic to more experiential. A key characteristic today is ultimate privacy and seclusion, particularly for high-profile and celebrity buyers of luxury homes. Today’s clients have abandoned being ostentatious in favor of subdued. Security-conscious clients look for a “private-island” feel such as long driveways, security systems, and being out of the public eye. Most will pay a premium price for a property outfitted with top of the line accoutrements that amplify luxury lifestyle, while others enjoy a blank canvas to build toward new heights. They may purchase a trophy property with an older home and teardown to rebuild a new mega home with custom construction for buyers seeking expansive, one-of-a-kind estates.
Luxury Estates may range in size of the home and location, either way still expressing quality and presenting desirable features, amenities, and styles that are always evolving.
Selling or buying a Luxury Estate is distinctly particular and a true profession. Steve Davis is a resident of San Marino, California, and has been a part of this uniquely residential noble city for four generations. He has been selling Luxury Estates for over 30 years, and truly appreciates the exclusiveness in selling and buying these affluent homes. Contact him today to discuss you real estate needs.
M: 626.808.8378
Steve Davis Estates is a licensed real estate broker (00986011)independently owned and operated in the State of California, and abides by Equal Housing Opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdraw without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. Exact dimensions can be obtained by retaining the services of an architect or engineer. This is not intended to solicit property already listed.
