Trading up to luxury condos in Pasadena

 Earlier this year, “Walking Dead” producer Gale Anne Hurd and her screenwriter husband, Jonathan Hensleigh, bought a multi-million-dollar property in Pasadena. That’s not unusual; Pasadena is one of the hottest cities in Southern California, and has long attracted Hollywood elite. What may be surprising is that the couple bought one of the luxury condos in Pasadena—a trend that’s playing out all over the city as new residents move to the area looking for a modern place in an ideal location, and those who already love Pasadena seek to trade their high-maintenance single-family residence for a luxury lock-and-leave lifestyle.

Pasadena new-home communities like Villas at the Ambassador Gardens are on the forefront of this trend, offering spacious condos with all the upscale features buyers are expecting and a walkable Old Town Pasadena location. But, unlike the sprawling single-family homes in the city that require extensive maintenance, these condos offer all the freedom to enjoy the famed shops, restaurants, and cultural outlets that are just footsteps away. Variety pointed out that Hurd previously owned a “13,500-plus-square-foot mansion on just over three manicured acres in one of Pasadena’s most prestigious neighborhoods.” For so many buyers like Hurd who want to live in the city without all the work required by a large property, new luxury condos in Old Town Pasadena are a dream.

“Pasadena is the type of place that people don’t like to leave,” said Patrice Quishenberry, Vice President of Sales for ETCO Homes. “So, it makes sense that so many buyers would be looking to swap their high-maintenance home for something just as luxurious and less time-intensive, and choosing new luxury condos in Pasadena like Villas at the Ambassador Gardens. We’ve also seen numerous buyers who are moving to Pasadena for the first time and love the idea of an upscale townhome they can just lock and leave. Between the location, which is walking distance to the shops, restaurants and nightlife of Colorado Boulevard, Norton Simon Museum and City Hall, and all the best of Old Town, the luxury amenities, and unexpected luxuries like an elevator and four-car garage in every unit, it’s not hard to see why these condos are being snapped up by Pasadena homebuyers.”

A new opportunity to call Pasadena home

Villas at the Ambassador Gardens is a new enclave of 18 upscale, tri-level townhomes and the first of two new luxury neighborhoods coming to Old Town Pasadena from luxury builder ETCO Homes; the upscale townhomes and flats of Terraces at The Ambassador Gardens are set to be introduced later next year.

Villas greets visitors with its detailed Mediterranean-style architecture and its historic, sumptuous grounds. It’s obvious from the first glance why this iconic landscape, with its wide lawn, lush gardens, meandering walkways, and soothing fountains and stream, epitomize Pasadena’s Millionaire’s Row.

Incredible interiors

Villas at the Ambassador Gardens’ new luxury condos in Pasadena offer three signature floor plan designs that live like luxurious single-family residences. Open plans create easy flow and maximize entertainment potential, while a whole host of high-end features surround owners in functional elegance. Three to four bedrooms; gourmet kitchens with European style cabinetry with Shaker doors, Caesarstone cabinets, professional Wolf and Asco appliances, and built-in Subzero refrigerators; great rooms; and formal dining rooms are offered in 2,904 to 3,717 square feet of living space. Each of the residences also boasts a private outdoor or rooftop terrace, some featuring treetop or skyline views, along with the in-unit private elevator and four-car garage.

 
Pasadena home appreciation rates


According to Neighborhood Scout, “In the last 10 years, Pasadena has experienced some of the highest home appreciation rates of any community in the nation,” which also makes buying in the city a smart financial decision. “Pasadena real estate appreciated 34.33% over the last ten years, which is an average annual home appreciation rate of 3.00%, putting Pasadena in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Pasadena definitely has a track record of being one of the best long term real estate investments in America through the last ten years,” they said.

Of course, today’s real estate buyers are looking for lifestyle advantages in addition to financial benefits, and living in a luxury condo in Pasadena provides both. For more information about these luxury new homes for sale in Pasadena, now selling, visit Villas at the Ambassador Gardens. You can also click here to be added to the VIP Interest List or visit the sales office, which is open Wednesday to Sunday, 10am to 5pm

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