Pasadena Real Estate

My last post identified the price point for luxury homes and estates for sale in San Marino, California.

It is clear that the top 10% of the San Marino Real Estate market is for homes costing $3,000,000 and above.  I wanted to take a look at the 13 luxury homes in San Marino that were sold in 2007 and see what affluent San Marino home buyers expected to get for their money.

Below is a list of amenities and features of almost all the San Marino luxury homes reviewed:

• LOCATION:  All of these San Marino estates were North of Huntington Drive in close proximity to the Huntington Library or Lacy Park.
• LARGE LOTS:  Affluent San Marino luxury home buyers can expect at least 1/2 an acre of land.  A lot of these homes had an acre of land or more. 
• FIVE is an IMPORTANT NUMBER: Almost all these San Marino estates had five or more bedrooms and offered more than 5,000 square feet in living space.
• FORMAL DINING ROOM and FAMILY ROOM:  All these San Marino homes had a formal dining room and a family Room
• TWO STORIES:  12 out of 13 San Marino homes sold over $3,000,000 last year were two stories.  Some had lifts.
• POOL & SPA:  Most of these homes had a pool and a spa
• FIREPLACES:  All San Marino estates had fireplaces.
• CLOSET SPACE:  All homes listed walk-in closets.

Surprisingly, the following list of features that you would expect be necessary for most of San Marino home buyers were NOT a given in the luxury San Marino market place.

• GUEST HOUSE:  Less than half of these San Marino Estates had guest houses.
• LARGE GARAGES:  Most of these San Marino homes had a two to three car garage
• TENNIS COURTS:  Only 3 out of 13 estates had tennis courts.
• RENOVATION:  Quite a few of these San Marino luxury estates required significant renovations and upgrades.

Some additional amenities listed included gourmet kitchen with Viking appliances, a butler pantry, bomb shelters, finished basements and area zoned Air Conditioning units.

SEARCH SAN MARINO HOMES FOR SALE

My question to you is, if you were to spend over $3,000,000 for a luxury estate, what would you expect to get?  Are the amenities and features above in line with your expectations?  Please comment below.

If you are ready to find your dream home in San Marino or need a FREE market analysis of your San Marino home, please do not hesitate to call me at  626-627-7107  or email me at Irina@Irina4RealEstate.com.