Four luxury new home trends dominating today’s real estate market
When it comes to buying a luxury new home in Pasadena, buyers aren’t shy about asking for what they want. And, today, builders and developers are tailoring their new home projects to meet the demands of these high-end buyers while also anticipating their needs with increasingly desirable offerings that showcase grand style, a commitment to quality, and a deep understanding of their motivations. Terraces at The Ambassador Gardens from renowned builder/developer etco HOMES is the newest community to redefine luxury for discerning homebuyers, introducing an exquisite offering of flats and townhomes in Old Town Pasadena that mixes modern elegance with historic grandeur on the city’s legendary Millionaires Row.
1. Single-level living
Especially among baby boomers, one-story living is one of the most prominent trends in the real estate industry today. Even if stairs are fine for now, many savvy buyers of a luxury new home in Pasadena are looking to prepare for the future.
Marisela Cotilla with Boca Raton real estate company Douglas Elliman in retirement-rich Boca Raton, FL. noted in NewHomeSource that, for buyers nearing retirement, “low maintenance and having a home that will accommodate long-term needs are goals. Our buyers aren’t necessarily downsizing — or at least not significantly — because they want to bring their furniture, art and such along with them, but they are looking for a more efficient floor plan,” she said. “Open concept with large rooms and plenty of storage is important, as is either single-level living or adding an elevator for when stairs become more difficult for them.”
Here in Pasadena, baby boomers are seeking to trade in their large Pasadena, San Marino, and La Canada estates for something that allows them to stay in the area they love and capture the lifestyle they are looking for, with more freedom and fewer “have-to’s” than they currently manage with their large property. The square footage of Terraces, at 3,040 to 4,430 square feet, offers enough space that buyers can keep their favorite treasures, but with intelligently designed floorplans that maximize flow and functionality while minimizing maintenance.
Terraces offers three-bedroom new luxury homes in Pasadena with up to three baths with two powder rooms and open floorplans with an airy flow. Single-level flats beautifully realize the one-story living trend, while three-story townhomes offer great space and the ability to enjoy bedrooms on a separate floor from the living spaces with the addition of an elevator that renders climbing stairs unnecessary. Entertainment rooms, home office/retreats, rooftop decks or outdoor terraces with glass railings for uninterrupted sightlines (per plan), and wide hardwood plank flooring and premium carpeting are just a few more of the premium features.
2. Indoor-outdoor living
Today, the term “indoor-outdoor living” has come to mean more than just having access to an outdoor area in a new, luxury home. Today’s buyers of a luxury new home in Pasadena expect to be able to move seamlessly from one to the other.
“Inside or outside? Why choose when you can have them both? Blended living spaces, or connecting indoor and outdoor spaces, are trending, according to HomeAdvisor,” said Inman. Indeed, “When it comes to family rooms, great rooms and living rooms, one feature that’s becoming common is a collapsible window wall, where the barrier separating indoor and outdoor living literally disappears into the wall,” they said in their look at value-added amenities.
The Terraces’ bi-fold doors that expand living spaces by eliminating the barrier between indoors and out have brought this in-demand amenity to Pasadena homebuyers.
3. Kitchens that look as great as they function
The importance of a gourmet kitchen in today’s luxury homes cannot be overstated. Everything from layout to amenities to both cooking and entertainment potential are top of mind for today’s high-end homebuyers.
“Anyone watching a master chef in action soon realizes that cooking is a dance and a kitchen is the stage,” said Christie’s International Real Estate. “Counter space, considered prime real estate even more so than stoves or appliances, is expanding exponentially and also allowing a household’s multiple cooks to create in tandem. Precision, efficiency of movement, command of space defines a chef—which so many of us now aspire to be. When entertaining, guests want to watch their hosts in action. As a result, they tend to congregate in the kitchen, which then grows in stature with ‘spectator”’ seating and elegant design.”
Gourmet kitchens at Terraces at The Ambassador Gardens merge the best of commercial quality with upscale design, presenting professional Italian Linnea Quattro flat-panel, European-style cabinetry in designer-selected finishes with soft-close doors and drawers; Caesarstone® countertops; islands with eating bar (per plan); Wolf® and Asco® appliances; and built-in Subzero® refrigerators.
4. Lock and Leave Lifestyle
Taking the idea of low-maintenance living a step further, the “Lock and Leave Lifestyle” is a prominent trend in today’s real estate industry. It was the talk of the Asian Real Estate Association of America (AREAA) 2017 Global Luxury Summit, during which Charlie Young, president and CEO of Coldwell Banker Real estate, identified that, “The driving force behind the trend is that high net-worth individuals want less maintenance, more amenities, quality finishes and smaller square footage. They want to leave at a moment’s notice, and know that their home is safe, secure and maintained while they’re traveling the world. They want to be mobile,” he said.
That aligns with the goals of buyers at Terraces at The Ambassador Gardens, who count walkability among their most-wanted features in a luxury new home. Terraces is located on Millionaire’s Row in the historic Ambassador Gardens, two of Pasadena’s most storied locations that share a grand pedigree as well as one of the most desirable and accessible locations in all of Southern California. Here, more than a century of preserved natural beauty teeming with verdant lawns, lush gardens, meandering walkways, twinkling fountains, and soothing streams establish a resort-worthy setting. Yet, Terraces’ Old Town Pasadena address also puts it within an easy stroll to an array of great Pasadena restaurants, shopping, entertainment, museums, City Hall, and events and activities all year round.