A Building Trend: Bigger Homes on Smaller Lots
A current trend in luxury homes is building big on smaller lots. Sure, there’s not much elbow room, i.e. privacy, between you and your neighbor, but there’s less lawn for maintenance. And more importantly, it means that you can get a newer luxury home in an urban or historic area.
River Oaks, which sits comfortably between downtown and uptown Houston is a prime example. It is one of the wealthiest and most expensive historic neighborhoods in Texas. “The median sales price last year was $1.555 million,” says Monica Vaca, a Century 21 Realtor in the area who recently gave me and colleagues a tour of the neighborhood and of a spec home on the market for $4.899 million (down about 7.5 percent from its original list price).
The stunning Spanish Revival-style home with stucco-and-stone facade stands tall above the house to its right — an original home on a block where most were built in the 1920s. But don’t let the age of surrounding homes fool you, in River Oaks most are quite massive in-and-of themselves. Still, some are torn down to make room for larger new construction.
Remember, size is all relative. And in keeping with Texas’ reputation, there’s much that trends bigger there than in other markets. So when it comes to new construction in Texas, new homeowners want “small homes” with lots of big, big rooms, says Will Holder, president of luxury homebuilder Trendmaker Homes.