Times have changed, and so has the perception of luxury in Real Estate. For many years, luxury was defined by location, views, design and finishes. Standards set by the luxury market often disregarded “spaciousness”, defined as the abundance of space; large in area or extent.
For many, a three-bedroom, 3,000 square foot penthouse overlooking the ocean in a condominium regime with resort-like amenities was enough to be considered a luxury property, as long as the design and the finishes were up to par. Many condo projects were developed in high-density areas, offering amazing views and common area amenities which resembled a world-class resort. The product was meant to pamper the user, whether it was an owner, a guest, or a renter. All to be altered dramatically by the current COVID-19 crisis, which has now changed the perception of luxury for many of us.
In the past few weeks, people throughout the globe were asked and sometimes forced to remain in their homes. Social distancing is not only encouraged but lock-downs and curfews are still enforced in many cities today, thus impacting our daily life tremendously. As part of the measures taken, many condominium regimes, whether they be apartments, duplexes, townhouses or even private homes, closed the access to common area amenities and encouraged all homeowners to stay home and not leave their property, bringing additional stress into the daily lives of the homeowners – especially those who enjoyed a morning swim in the common pool or a good work out in the common gym.
For many residents in high-density communities, the fear of getting sick from possibly catching the virus by using the elevator was enough to keep them inside an apartment for days or even weeks. Many such residents were wishing they could have more living space, both indoors and outdoors. More so for parents of young children and pet owners who were used to taking walks to the local parks, hiking trails, or beaches, which as we know were all shut down because of the measures enforced by local authorities. Many acknowledge the fact that their luxury property was too small for quarantine and desired more space and private amenities to enjoy, both indoors and outdoors.
Amenities like those offered by large private residences in tropical weather locations like Los Cabos, where large six-bedroom, 10,000 square foot homes located on a secluded beach with in-house, resort-like amenities and tropical gardens are accessible year-round and can be purchased for the price of a high-end condo.
There are beautiful, high-quality residences throughout Los Cabos offer large interior spaces that open-up to even larger exterior spaces, thus providing independent areas for all members of the household to enjoy. Private amenities of these residences include over-sized indoor and outdoor kitchens which open up to even larger indoor and outdoor living spaces with lots of sunlight and ventilation, warm water pools with swim-up bars where one can enjoy a skinny jalapeño margarita on the rocks with a salted rim, Jacuzzi-spas, fire pits, gyms, saunas, massage rooms and, of course, the home office with killer ocean views and high-speed internet. Amenities that not only allow you to be pampered but also take the stress away from being locked down.
As one can imagine, the fortunate homeowners of these spacious residences are taking advantage of spending their quarantine in real luxury. Living each day on vacation, in the comfort of their home – enjoying the luxury of spaciousness.
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