“Wealthy retirees are willing to give up the hassle of the estate — but not its luxuries.” That’s the headline of a new Los Angeles Times article that keys in on one of the industry’s hottest trends: moving down by buying a luxury townhome in Pasadena and other coveted areas. Today, Baby Boomers are seeking ways to make their lives easier without making it any less fabulous.
“Real estate professionals are seeing more wealthy SoCal retirees go from extravagant estates to nearly as extravagant town houses and condos. The properties — many of them larger than 3,000 square feet — cost millions of dollars,” said the L.A. Times. And, in return, the luxury residences offer “a luxurious lifestyle” in touch with the needs of Baby Boomers to go with the square footage.
The newspaper profiled a few homebuyers who have recently traded in their large estate for a luxury townhome or condo. The features they were looking for: ample space without the tedious maintenance; upscale amenities like private elevators and gourmet kitchens; a location where they can “walk to so many great places;” and the ability to travel as much as they want, with a lock-and leave lifestyle that allows them to “simply close our front door and not worry.”
Buying a luxury townhome in Pasadena is a growing trend and one that takes on added allure with the historic Ambassador Gardens as a backdrop.
These are all driving factors behind the sales success of communities like Villas at The Ambassador Gardens in Old Town Pasadena, from acclaimed Southern California builder and developer etco HOMES. These new high-end residences in the heart of Old Town are compelling people to buy a luxury townhome in Pasadena for the expansive floorplans with sumptuous features including chef’s kitchens filled with gourmet amenities, private outdoor spaces, four-car garages, and elevators in each unit. Not to mention the one-of-a-kind location that is within easy walking distance to Pasadena’s best restaurants, shops, and museums. Pricing for Villas starts at $2 million.
“Luxury downsizing is a term we have been hearing a lot of. The idea is being embraced by retirees who are so excited for their next stage because, even though it may be a step down in terms of property size, it’s certainly not in terms of the luxury quotient,” said Patrice Quishenberry, Vice President of Sales for etco HOMES. “Our buyers can’t wait to leave the time, effort, and energy involved in taking care of their large estate in Pasadena, La Canada, or San Marino behind and simplify their life so they can concentrate on the activities they enjoy. They want to be able to walk to their favorite restaurants and shops or see a show without getting in the car. They want to travel more without worrying about their property. And they love the natural surroundings of Ambassador Gardens, which makes them feel like they’re on vacation at home every day.”
Those surroundings have made Ambassador Gardens a hidden treasure for more than a century. This wonderland of rolling lawns, majestic oaks, lush gardens, meandering walkways, and calming fountains and streams is a destination for those in Pasadena who want to spend a little time with nature; for buyers at Villas at The Ambassador Gardens, it’s one more reason to want to call this special community home.
For more information about buying a luxury townhome in Pasadena, visit Villas at the Ambassador Gardens. Add your name to the VIP Interest List to be kept up to date on important community information and ensure you can purchase one of these limited-edition luxury condos.
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