Special offer
Mike Rock, Granite Bay Luxury New Construction...For Less (Complete Design)

Spam prevention
Ambassador
6,393,609
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Not sure what standard that they are using but I know luxury when I see it, and I make sure to see it in my homes as I am sure you do too Mike.

Sep 13, 2015 01:04 PM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Mike,

It is in the eyes of the beholder to some degree.  Objectively speaking, the luxury home has aethetics, function and form.  There is a big difference between a MacMansion and a true luxury homes.  Finishes, crafstmanship, privacy, and a floor plan that makes sense.  

We were invited to visit a 21 million dollar yacht, and I was impressed by the finishes (rare woods), well crafted everything piece of wood was matched, the engine room was gorgeous.  We were even offered a million dollar commission if we had a buyer...  A friend of ours who owns a yacht and has them custom built, visited the yacht also.  I asked her what she thought, and she gave me a laundry list of what was wrong.  She did like the engine room.  

If something at a lower price has aethetic appeal, function, and great form, yes it is luxury.  However, there is so much fake luxury out there branded with fancy names, that are an insult to the locale whose name they are using.  A

Sep 13, 2015 04:59 AM
Ambassador
1,452,869
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

I do believe it is in the eye of the beholder.  There are homes that some people believe are their dream home but would have been a starter home for others.

I am fortunate enough to deal in almost all price points and I see this every day.

Sep 13, 2015 04:38 AM
Rainmaker
784,786
The Woodland Team of Texas
The Woodland Companies - Austin, TX
Land Specialists

I think their is a price for each market.

Jan 24, 2019 10:10 PM
Rainmaker
1,502,998
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Eye of the beholder, but that can encompass all of what you mentioned.  I have mid priced listings with high end finishes.  That gives a bit of luxury in the price range.

 

Now for me, luxury means the house comes with a maid, a personal chef, a massage room and a fully equipped bodybuilder gym with floor-to-ceiling windows, a killer sound system for lifting and a TV for cardio.  Views and a nice yard are a bonus!

Sep 14, 2015 05:02 PM
Rainmaker
846,475
Marco Giancola
Beachfront Realty - Miami Beach, FL
Realtor (305)608-1922, Miami Beach Florida

A lot of times "luxury" is something just beyond your means but in homes it starts with grand. At a certain price point many "luxuries" are expected and if not included have a huge negative effect. There is also the trending luxuries but thats another paragraph.

Sep 13, 2015 08:03 PM
Rainmaker
2,443,250
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

To me the price point is the first indication, then all the upgrades inside, and of course location.

Sep 13, 2015 11:28 AM
Rainmaker
1,683,912
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Luxury to many is paying for a home near the top of their income.

Sep 13, 2015 08:52 AM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

IN the eye of the beholder...What some feel is luxury may be way beyond others thoughts.

Sep 13, 2015 08:46 AM
Ambassador
3,587,960
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

Mike we have so many degrees of' luxury homes' here in the valley of the sun. It is in the eyes of the buyer what says 'luxury' all over it.

Sep 13, 2015 07:04 AM
Rainer
61,641
Renee Paray
Coldwell Banker Realty - Blue Bell, PA
REALTOR

Absolutely, luxury is found in nearly price point and is definitely in the eyes of the beholder. 

Sep 13, 2015 06:36 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good question Mike.  I would have to say it's definitely up to the beholder.  One persons luxury dream home can be the slums for another.

Sep 13, 2015 04:52 AM