Mega-mansions built to spec are the hottest new commodity, and there’s massive demand for these properties all over town.
Beverly Hills, California (PRWEB) October 30, 2013
SRE Real Estate Investments, an innovative force within the real estate investing industry, has today released new information for clients interested in reaping rewards in the burgeoning LA luxury real estate industry. Today, super-sized homes are becoming the norm, as more and more massive luxury manses go up and go on the market.
When asked about the new trend, Jay Belson, CEO of SRE Real Estate Investments, answered, “While the national residential real estate market might be lagging a little bit, there’s one segment here in LA that’s exploded in recent months. Mega-mansions built to spec are the hottest new commodity, and there’s massive demand for these properties all over town. That's one of the reasons why we just started a new project with 15,000 square feet plus a guest house”
These new properties put the “mega” in mega-mansions. For instance, several new properties currently under development in LA by SRE Real Estate Investments and other key players in the real estate industry will run between 11,000 and 20,000 square feet and feature luxury embellishments like 20-foot ceilings and all glass/concrete construction. Other key amenities in these ultra-high end luxury properties include an 8-car garage, glass doors that change from clear to frosted with the touch of a button, a pool and moat combination surrounding the property to eliminate the need for a fence, a bowling alley, flower cutting room and an in-house hair salon.
Seth Phillips, COO of SRE, also points out that things are only getting bigger. “It seems like 22,000 square feet is pretty big, and it is,” he says. “But what about the development of a 60,000 square foot home in Bel-Air? It’s an amazing shift, and it’s fueled on both sides of the equation. There’s a new breed of buyer, certainly, but there’s also a new breed of developer here in Los Angeles capable of creating these massive, super-sized properties outfitted with the best of today’s technology, but tasteful, modern style too.”
For real estate investors interested in the luxury market, Los Angeles has some big, big things available.
To find out more about SRE Real Estate Investments, visit http://www.SREinvesting.com.
About SRE Real Estate Investments: Headquartered in Beverly Hills, SRE Real Estate Investments specializes in Los Angeles real estate investing. Clients are able to participate as owners, lenders or partners in investments.