Riverside Home in Amsterdam, Netherlands. Image: Christie’s Real Estate.

More so with buying large properties, real estate investors are scrutinising harder when it comes to hunting for properties that deliver value without compromising functionality.

In today’s ever-evolving luxury real estate landscape, discerning homebuyers are on the hunt for more than just opulence and extravagance. The demand for value has become a defining trend among affluent buyers, as they seek to make prudent investments while still indulging in the finest properties on offer.

According to a recent 2022 market report by Christie’s Real Estate, luxury homebuyers are becoming increasingly selective, focusing on properties that offer exceptional quality, unique features, and advantageous locations. While prestige and exclusivity remain important, buyers are now prioritising long-term value and potential returns on their investments.

One key factor driving this shift in buyer behaviour is the changing dynamics of the real estate market. Economic uncertainties and shifting global landscapes have compelled buyers to take a more cautious approach. They are no longer solely swayed by grandiose amenities or flashy finishes but are instead considering the property’s intrinsic worth and its potential for appreciation over time.

In response to this demand, luxury developers and sellers are adjusting their strategies to cater to the discerning buyer. The emphasis is now on properties that offer more than just superficial beauty, such as sustainable design, energy efficiency, and smart home technology. These features not only enhance the homeowners’ quality of life but also contribute to the long-term value of the property.

Moreover, location remains a key factor in luxury real estate, but buyers are seeking areas that offer more than just prestige. Proximity to top-tier schools, cultural institutions, and recreational amenities is now highly desired, as they add value and convenience to the homeowners’ lifestyle.

Overall, the luxury real estate market is experiencing a significant paradigm shift, with value-consciousness taking centre stage. Discerning buyers are demanding properties that not only exude luxury but also offer long-term value, making astute investments in a world where financial prudence and indulgence can go hand in hand. As the market evolves to meet this demand, we can expect to see a continued focus on properties that combine exceptional quality, strategic location, and sustainable features, appealing to the sophisticated tastes of today’s luxury homebuyers.

15th Century Villa, Florence, Italy

15th Century villa, Florence, Italy. Image: Lionard.

The expansive 600-sqm villa steeped in history located in Poggio Imperiale, Florence, Italy not far from Medici Villa is up for sale. The three-storey property includes a pool set in a 2,500-sqm private garden. The home has been modernised with elevators, parking areas, walk-in closets, private bathrooms, a private gymnasium and more. The villa accommodates underground rooms where once a cellar stood, but it made way for the gym, guest bedroom and en-suite bathroom. From the living room, one can ascend the staircase that leads to the attic to enter a bedroom with a bathroom and walk-in closet.
www.lionard.com

Bellagio Lakeside House, Lake Como, Italy

Bellagio lakeside house, Lake Como, Italy. Image: Lionard.

The Gio Ponti-designed home located in Northern Italy overlooks a pristine lake. Not far from the famous lakeside town of Bellagio, this mid-20-century estate offers 500 sqm of space where six bedrooms and five bathrooms welcome future homeowners. The second terrace on the lower floor gains access to the garden, swimming pool and adjoining sauna with a Jacuzzi.
www.lionard.com

The Kenzo House, Paris, France

Kenzo House, Paris, France. Image: Christie’s Real Estate.

The late Kenzo Takada’s house is up for sale. The Paris-based Japanese fashion designer built the house in 1993 but was later re-imagined in 2018 by renowned architect Kengo Kuma. The Kenzo House is a 13,778-square-foot home offering a Zen Garden courtyard, two kitchens, a fitness room, an elevator and two dining rooms. It is situated in Paris’ historic Bastille district. Kuma kept Kenzo’s vision of an authentic Japanese house and garden where “engawa” – a traditional Japanese exterior corridor crafted from the wooden lattice, replaced an indoor lap pool. There are four bedrooms, six bathrooms and a Japanese suite that opens out to the garden.
www.christiesrealestate.com

Kilmurry House, Kilkenny, Ireland

Killmurry House, Ireland. Image: Christie’s Real Estate

The USD 7.8 million-dollar Palladian-style home called Kilmurry House is situated in a 90-acre plot in Thomastown, Country Kilkenny where a private lake resides. The home dates to 1690 and is the birthplace of Irish watercolourist Mildred Anne Butler. The charming three-story home still retains the Georgian design and accommodates a garden-level villa where views of idyllic surroundings can be enjoyed. The interior spaces have been totally modernised and include 11 bedrooms and eight full baths.
www.christiesrealestate.com

Penthouse 8E, Broadway, New York, US

Penthouse 8E Broadway, New York, US. Image: Christie’s Real Estate.

Located in the historic Hohner condominium building right in the heart of Soho, this coveted precinct offers convenience to transportation and plenty of recreational pursuits. The 3,642-square-foot penthouse, called “Penthouse 8E”, offers loft-style living. You are welcomed through the private key-locked elevator to a spacious living room where a soaring ceiling awaits you. Modern creature comforts such as built-in appliances from Viking and Sub-Zero aid in your cooking/baking moments. The en-suite bathroom offers clean lines with a Carrara marble top. There are four bedrooms and three full baths that convey a sophisticated feel.
www.christiesrealestate.com

Desert Home, Palm Springs, California, US

Invisible Home, Joshua Tree, California, US. Image: aaronkirman.com

Actress Suzanne Sommers sprawling desert home in Palm Springs is up for sale for USD 12.9 million. Built in 1932, the 7,280-square-foot property is situated on craggy mountainside terrain but offers beautiful desert views. There are five buildings residing on the 28-acre land. The home offers six bedrooms, nine baths, a 24-seat dining room, a living room, a two-room kitchen, a large pantry, and a wine cellar. There is also a guest house where four more bedrooms, two pools, a spa, natural waterfalls, five fireplaces, and an outdoor amphitheatre carved into the mountain can entertain 50 guests.
www.toptenrealestatedeals.com

Invisible Home, Joshua Tree, California, US

Invisible Home, Joshua Tree, California, US. Image: aaronkirman.com

The design of this 5,550-square-foot home was inspired by Space Odyssey 2001. Owned by producers Chris and Roberta Hanley renowned for their films – American Psycho, the Hanleys commissioned architect Tomas Orsinski to design this USD 18 million home. Heat-reflecting Solarcool glass keeps the interiors cool, however, there’s a 100-foot heated indoor swimming pool. Gawk at the 224-square-foot projection wall to catch up on flicks, soak in the resort-inspired bath, cook up a storm with the dual-oven, world-class kitchen, or indulge in each of the home’s three large bedrooms with en-suite baths kitted with Boffi fixtures. The home sits on 67 acres of tranquil desert and is near to the national parkland and gated tortoise reserve.
https://aaronkirman.com/listings/the-invisible-house/

Island Home, Bahamas

Island Home, Bahamas. Image: www.engelvoelkers.com

This sprawling USD 100 million home is situated in Little Pipe Cay in the Bahamas. The iconic James Bond franchise featured this bucolic island and even made an appearance on Casino Royale. The 40-acre private home offers a 5,300-square-foot main residence, four guest cottages, 11 bedrooms and 12 baths, plus rooms for staff. There is also an Olympic-sized infinity pool to take in the tropical scenery. Plenty of water-based activities such as diving, snorkelling, and jet-skiing can be enjoyed.
www.engelvoelkers.com

Capri Drive Home, Pacific Palisades, Los Angeles, California, US

Capri Drive Home, Pacific Palisades, Los Angeles, California, US. Image: aaronkirman.com

Designed by famed architect Paul Williams, this expansive property sits on nearly 1.4 acres of land. The level of privacy is unmatched with park-like grounds that include a pool/spa, cabana, guest house, yard, and tennis court. The property offers seven bedrooms and nine baths, not forgetting that it comes with many cool amenities such as a chef’s kitchen, library, formal living room, family room, projector screen, and a private guest apartment wing.
https://aaronkirman.com/listings/1575-capri-dr-pacific-palisades-ca-90272/

 Riverside Home, Amsterdam, Netherlands

Riverside Home, Amsterdam, Netherlands. Image: Christie’s Real Estate.

Set in a prime riverside estate in Amsterdam City, this sprawling abode is set on 5.5 acres of land with mixed-used potentials such as a 9,000-square-foot office, 18th-century coach house and 1,290-square-foot garage. The home offers a spacious living room, library, large hall, kitchen, and a family room while the upper floors comprise four-bedroom suites, a hammam, and a sauna. The home features state-of-the-art home automation, air conditioning, and the elevator serves all four levels. The estate also lists a natural swimming pool with a walled terrace and a private river mooring.
www.christiesrealestate.com

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