Trophy Homes: What Exactly Are They?
Even in the top tier of residential real estate, there are, in fact, a few select residences that stand in a league of their own, often referred to as trophy homes. While there’s no exact definition as to what constitutes a trophy property, it usually has at least one, if not more, of the following characteristics.
Perhaps it was designed by a celebrated architect, the site of a historic event, or previously lived in by someone famous, but some sort of past significance is often found in a trophy home. Having an exciting story behind the property gives it a special quality that cannot be recreated and adds to the appeal.
A trophy home can come in many forms, but chances are it’s not small. They’ll usually have a breathtaking sense of grandeur that’s rarely seen in residential properties. From extensive acreage to spacious interiors with tall ceilings and sweeping lines, the scale of these homes has a way of defying expectations.
They say real estate is all about location, location, location, and that certainly rings true in this situation. Whether it’s situated at the tip of a promontory with mesmerizing views, or it’s the penthouse at the top of a prestigious luxury building, chances are the location is truly one-of-a-kind and set within an exclusive neighborhood.
Delivers a Lifestyle
It’s fair to say that there’s an overlap between trophy home and lifestyle properties. For instance, it could be located at the base of a famous ski resort or set behind the gates of a prestigious golf community. Additionally, a trophy home will commonly be full of all the high-end amenities that affluent buyers look for to support their lifestyles, like a home gym and wellness area, home theater, swimming pool and more.