While he may not have secured a spot on Team USA for the Paris Olympics, Boston Celtics shooting guard Jaylen Brown is fresh off a legacy-defining season.
The eight-year NBA veteran made his third All-Star team, won Eastern Conference finals MVP and Finals MVP, and helped the Boston Celtics win their first NBA championship since 2008.
And while he’s winning big on the court, he’s hoping to bank a personal win too. He just listed an industrial-style penthouse with a historic vibe he owns on Melcher St. in Boston’s Fort Point neighborhood for $4,750,000.
One of the highest-paid small forwards in the NBA, Jaylen lives in a sprawling 7-bedroom mansion in Wellesley, bought back in 2020 for $7.8 million. So he likely hasn’t lived in the Fort Point condo for quite a while.
Nevertheless, the Melcher Street penthouse reflects the sartorial icon’s style and features open-concept, industrial-yet-warm interiors that perfectly complement the building’s historic appeal. Let’s take a closer look, shall we?
Set in a Fort Point building on Melcher St.
Photo credit: Surette Media Group / Douglas Elliman
The stylish 2,964-square-foot penthouse sits atop a 1916-built brick building at 49 Melcher St. in Fort Point, the former industrial district along Fort Point Channel filled with historic lofts, art studios, and galleries.
The building is also home to a popular local steakhouse called Mooo…. Seaport.
It has 3 bedrooms and 2.5 bathrooms
Photo credit: Surette Media Group / Douglas Elliman
The unit consists of 3 bedrooms, 2 full bathrooms, and 1 half-bath, and a spiral staircase that leads to a generously sized rooftop deck.
It has a luxurious primary suite with a walk-in closet, and an en-suite bathroom with a double vanity and walk-in shower.
The MVP of townhouses
Photo credit: Surette Media Group / Douglas Elliman
“It’s the MVP of town houses. It really is,” real estate agent George Sarkis — who shares the listing with Manny Sarkis of The Sarkis Team at Douglas Elliman — says of the $4.75 million Fort Point penthouse.
“The open concept, the feel of it, the brick and beam,” Sarkis told Boston.com. “To see this at about a 3,000-square-foot scale is very hard to come by. Having one of Boston’s steakhouses in the building is a big bonus.”
The unit retains many of the building’s original features
Photo credit: Surette Media Group / Douglas Elliman
Much like the other historic homes and converted buildings around Fort Point, the building retains its most coveted original features.
Brown’s penthouse has exposed brick walls, oversized factory windows that flood the open floorplan with natural light, and a 12-plus-foot ceiling with the original wood beams.
Open-concept penthouse living
Photo credit: Surette Media Group / Douglas Elliman
The historic elements are beautifully complemented by modern additions throughout the open-concept floor plan, particularly in the kitchen, which has been equipped with top-of-the-line appliances and an eat-in island.
The large living area — comprised of living, dining, and kitchen — can easily be configured differently, should the future owner choose to do so.
The penthouse has a generously sized rooftop deck
Photo credit: Surette Media Group / Douglas Elliman
Heading up a spiral staircase, future residents and their guests can enjoy a private 400+ square-foot roof deck to take in the bustling city life below.
See also: Michael Jordan’s house is still on the market, 12 years after it was first listed for sale
Nowadays, Jaylen Brown lives in the suburbs
Photo credit: Surette Media Group / Douglas Elliman
As for where Jaylen Brown is heading next, we’re guessing he already made his choice years before listing his penthouse in the city.
Brown has been famously living in the posh Boston suburb of Wellesley, Massachusetts, known as one of the most expensive towns in the country.
Where he owns a 7-bedroom mansion bought in 2022
Photo credit: Surette Media Group / Douglas Elliman
Back in 2020, Jaylen Brown scored a $7.8 million deal for a massive 10,099-square-foot home in Wellesley that had previously been listed for $11 million.
Sitting on 1.53 acres of land, the mansion has 7 bedrooms, 9 baths, and boasts a farmhouse style with modern aesthetics.
His Boston penthouse is now on the market for $4,750,000
Photo credit: Surette Media Group / Douglas Elliman
Since he’s nice and settled in the suburbs, Jaylen is now parting ways with his Melcher St. penthouse, and has hired Douglas Elliman top producers George and Manny Sarkis of The Sarkis Team to help him offload the city residence.
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Located between bustling Miami and ritzy Palm Beach, the once-sleepy Boca Raton, Florida, is experiencing an unprecedented economic boom.
Known for its coastal lifestyle, upscale restaurants, and vibrant business community, Boca Raton is rapidly becoming a magnet for high-net-worth individuals and companies alike.
The city’s rapid growth is highlighted by major developments like the $100 million Boca Raton Innovation Campus (BRIC) and the new Brightline train station, while Midtown Boca is seeing a resurgence with new restaurants and office spaces.
Luxury residential projects are popping up across the city, responding to the growing demand for upscale living, while real estate prices inch higher and higher — with million-dollar mansions selling for record amounts.
To get a better sense of the robust development activity and impressive price growth the area has been experiencing recently, we’ve touched base with Jay Phillip Parker, the CEO and Florida Region President of Douglas Elliman. And Jay summed it up best: “The world has caught on to the appeal of Boca Raton. Everyone wants to live here.”
Economic growth and business expansion
Photo credit: Lacey Lin Photography / Shutterstock.com
With half of Palm Beach County’s corporate headquarters now based in Boca Raton, the city is attracting businesses and residents with its tax advantages, warm climate, and numerous outdoor activities.
One significant driver of this growth is the Boca Raton Innovation Campus (BRIC), which is undergoing a $100 million transformation. This campus continues to lease more office space to prominent companies, fueling further economic expansion.
Midtown Boca is also seeing a resurgence, with new restaurants and Class A office spaces in development. Restaurant Row, adjacent to the Town Center Mall, has become a dining hub with establishments from renowned hospitality groups like Pubbelly Sushi, El Camino, and Fiolina Pasta House. The area also welcomes New York’s iconic Gallaghers Steakhouse and the popular Meat Market.
Additionally, the Community Redevelopment Agency and the City Council have approved a 94-year land lease for The Center for Arts & Innovation (TCAI) in Mizner Park. TCAI aims to provide a venue for local and national dance, theater, music, and cultural organizations, enhancing Boca Raton’s cultural landscape.
Enhanced connectivity
Photo credit: EQRoy / Shutterstock.com
The new Brightline train station and parking garage, which opened in downtown Boca Raton at the end of 2022, provide easy access to Miami, Palm Beach, and Fort Lauderdale.
This high-speed rail service is a game-changer, connecting Boca Raton to major hubs in South Florida and beyond, including a new route to Orlando launched in 2023. This enhanced connectivity makes Boca Raton an even more attractive destination for residents and businesses.
Luxury real estate developments
Photo credit: ALINA Residences Boca Raton
As Boca Raton’s population grows, the demand for luxury residential real estate is booming.
New developments are nearing completion, and more projects are launching to accommodate this influx.
ALINA Residences Boca Raton
Photo credit: ALINA Residences Boca Raton
One of the standout projects is ALINA Residences Boca Raton, developed by El-Ad National Properties. This award-winning residential destination is located in downtown Boca Raton, and features a collection of resort-inspired indoor and outdoor amenities with a focus on wellness.
ALINA 210 is expected to be delivered ahead of schedule in summer 2024, with ALINA 220 following at the end of 2024. Once completed, ALINA Residences will consist of three buildings: ALINA 200, ALINA 210, and ALINA 220, offering a total of 303 residences. Phase one, ALINA 200, was completed in 2021 and sold out quickly.
At the time of writing, phase two of the development — comprising ALINA 210 and ALINA 220 — is already nearly 80% sold.
Glass House Boca Raton
Photo credit: wearevisuals / Glass House Boca Raton
Another notable development is Glass House Boca Raton, announced in January 2024.
This project marks the first modern glass building in downtown Boca Raton, featuring 28 spacious residences with stunning ocean, Intracoastal, and golf course views.
The 10-story development launched sales in February 2024, with groundbreaking slated for the first quarter of 2025 and completion expected in Q4 2026. In addition to upscale amenities, Glass House Boca Raton offers a limited number of preferredmembership opportunities to residents with the iconic The Boca Raton (formerly Boca Raton Resort & Club), subject to availability (golf excluded).
Insights from industry experts
Photo credit: wearevisuals / Glass House Boca Raton
Jay Phillip Parker, CEO of Brokerage, Florida Region and President of Douglas Elliman Development Marketing, shared his insights on Boca Raton’s rapid growth with us.
He highlighted the impressive price growth and robust development activity, stating, “We’re seeing an array of exciting residential and mixed-use projects bringing new opportunities to live, work, and play in the area.”
The introduction of the Brightline train station has been particularly impactful, according to Parker. “The new high-speed rail station, The Brightline, connecting Boca to Southern Florida and Orlando is a game-changer. We’re also seeing the positive impacts of strategic investment downtown, elevating Boca from a vibrant community to a world-class destination for an unmatched quality of life.”
An influx of new residents
Photo credit: ALINA Residences Boca Raton
Parker also emphasized the influx of new residents, noting, “The world has caught on to the appeal of Boca Raton. Everyone wants to live here.
“Combining beautiful beaches with a cosmopolitan yet charming downtown, Boca is a go-to destination for those who want a laid-back Florida lifestyle but with all the daily conveniences and luxuries in a place that is a true community.”
Real estate market trends
Inside the Glass House Boca Raton development. Photo credit: wearevisuals
The demand for luxury resort-style condominiums in Boca Raton is soaring, trumped only by the appetite for single-family homes. Buyers are looking for exceptional design and amenities in prime locations.
Parker observed, “Soaring prices are a reflection of insatiable demand for luxury homes in Boca. We saw a 31% increase in average sales prices for single-family homes in the first quarter and a 17% jump for luxury condos.”
New record-breakers
Photo credit: LivingProof Real Estate Photography / Coldwell Banker Realty
Further highlighting Boca Raton’s explosive growth, million-dollar homes are trading hands at a sped-up rate, with record-breakers pushing the upper $$$ limit to new heights.
In Boca Raton proper, spec developers Steve and Scott Dingle of SRD Building — one of the top homebuilders in the gated Royal Palm Yacht & Country Club community — paid a record $36 million for the longtime home of the late financial publisher Glen Parker and his wife, Sandy Parker.
In nearby Highland Beach, a $59.9 million mansion is on track to beat its own record set in 2022, when it sold for $45 million in an off-market deal that made it the most expensive home ever sold in the greater Boca Raton area.
Ushering in a new era for Boca Raton
Photo credit: wearevisuals / Glass House Boca Raton
Boca Raton’s economic boom is transforming the city into a thriving hub for luxury living and business.
With significant investments in infrastructure, real estate, and cultural amenities, Boca Raton is growing beyond its traditional roles as a travel destination or retirement spot. It is a vibrant, growing community that offers an unmatched quality of life for its residents.
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Everything’s bigger in Texas, luxury homes included. And the latest example of opulent real estate to hit the Dallas market is the former mega-mansion of six-time NBA All-Star Jermaine O’Neal, which recently resurfaced on the market for $12.4 million in the suburb of Southlake.
A former Indiana Pacers center and power forward, O’Neal played for an additional six teams throughout his athletic tenure — none of which were in Texas- before retiring in 2016.
Still, O’Neal chose to settle in Southlake for its prestige, allure, and vicinity to vibrant Dallas, which happens to be the home of his favorite football team, the Cowboys.
And while he parted ways with the house some while back, for us, the retired NBA star’s home at 940 W Dove Rd. scores as many points as its previous owner racked up over his career.
Designed by the esteemed local builder Michael Kindred and sitting on nearly 5 landscaped acres, the Southlake, Texas house is anything but humble.
The elegant and modern Mediterranean-style mansion has everything you could ask for in a property and more, with 8 bedrooms, 10 full baths, and 3 half baths spanning over an impressive 16,000 square feet of living space.
Curated details like the natural limestone and custom wood flooring elevate the mansion while offering a homey feel despite its massive size.
A two-story open living space stuns with statement chandeliers, glossy marble finishes, and colossal windows overlooking the grounds beyond.
Photo credit: True Homes PhotographyPhoto credit: True Homes Photography
Meanwhile, the upscale kitchen boasts all the bells and whistles of a multi-million dollar home, including double sinks and dishwashers, state-of-the-art Wolf Brand appliances, and a spacious walk-in pantry.
Photo credit: True Homes PhotographyPhoto credit: True Homes Photography
The dining areas and additional living room all feature large windows that provide ample natural lighting while offering views of the surrounding scenery — a common theme throughout the property.
Photo credit: True Homes Photography
Whichever couple or bachelor(ette) snatches the sizable mansion can truly spoil themselves in the master suite featuring a spacious shower and soaking tub, his and her closets, and a cozy bedroom with intricate crown molding for an extra dose of opulence.
Photo credit: True Homes PhotographyPhoto credit: True Homes Photography
In addition to the closets, a pair of exclusive his and her home offices mean the next owners can get down to business without distractions before unwinding lavishly in the home’s entertainment areas.
The future homeowner of 940 W Dove Rd. can get the party started in the posh game room, complete with a billiard table, bowling alley, wet bar, and private theater.
Photo credit: True Homes Photography
Outside, a resort-style oasis boasts an outdoor kitchen and two covered seating areas- including a cabana with a fireplace- to wine and dine al fresco in unparalleled comfort.
What steals the show, though, is the mega pool featuring a slide, mood lighting, and a spa corner for ultimate relaxation.
Photo credit: True Homes Photography
Moving back indoors, you’ll find a home gym that’s anything but average, offering lockers, a full bath, and a sauna for an elevated workout worthy of a pro athlete.
What’s more? You guessed it — an indoor basketball court totaling 8,300 square feet, almost like a tribute to the home’s former basketball star owner.
Photo credit: True Homes Photography
Anyone who values privacy or throwing lavish parties will appreciate all 4.828 acres of this sprawling compound. Thanks to its six-car garage and motor court in the back of the grounds and charming grand circle entry to the front, a lengthy list of guests can be easily accommodated.
We think the now-retired Pacers player’s home is just as outstanding as his athletic record. And while O’Neal parted ways with the property in 2022, he left the mark of his basketball legacy behind. Sherri Murphy of Coldwell Banker Realty Dallas is now listing the buff all-star home in the Lone Star state for $12.4 million.
Featured image credit: True Homes Photography, insert Noah Salzman, CC BY-SA 3.0, via Wikimedia Commons
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I might get a little sentimental today. This is the 20th anniversary of my — well, really our — weekly column. In addition to feeling old, I also feel grateful.
It was actually slightly more than 20 years ago that I was living in Southern California, working as a freelance writer, when an editor from the Orange County Register called. The paper was launching a monthly regional magazine targeting owners of luxury homes — think Laguna and Newport Beach — and he wanted a column that would be the antidote to potentially pretentious content.
“So,” I said, “you want a column that is not about rich homeowners and their chichi architects and their museum-quality art collections and the exquisite homes they build on the bluffs overlooking the Pacific and how the whole experience was one giant lovefest, and they had money left over?”
“Right,” he confirmed, “a reality column.”
He’d found the right writer. At that point, I had built two homes from the ground up, had the debt and cortisol levels to prove it, and had an arsenal of frustrations.
Still disbelieving, I added, “You want me to write about the tile mason with the drinking problem, the neighbors who won’t speak to you because you’ve had an outhouse and a Dumpster parked in your front yard for three months, the dogs who got so fed up with the construction they ran away in search of a rescue, and about how the remodel took three times as long, cost three times as much, and you weren’t speaking to your spouse at the end?”
“Exactly,” he said. “Sprinkle in some advice. Be the girl next door who has the same problems as everyone else but is two steps ahead, because you’ve made the mistakes and know who to call.”
Eighteen months later, my then-husband and I moved from Southern California to Colorado — just one of my many moves. And soon, I had a syndicated column. That former editor congratulated me, then ominously added: “It’s great to have a weekly column, but one day, you are going to run out of ideas.”
Until then, a dry well hadn’t been on my worry list. I flashed back to when I was in kindergarten and got in trouble for talking too much in class. I wound up in the principal’s office with my mother to discuss “the problem.” When the principal asked why I talked so much, the answer was easy. “I just have so many important things to say,” I said, which was unintentionally hilarious.
So here we are 20 years and 1,040 columns later, and I still have things to say and no shortage of topics. Because I have never been able to see where home design stops and home life begins, my columns are about both. Here’s a brief look back at some of the moments we’ve been through together:
The calamities: You were there when my two custom seven-foot sofas arrived with the upholstery fabric inside out, when the back patio in our new Colorado home fell three feet into a sink hole, and when our rescue dog on his first night with us tested our commitment on the one-day-old living room carpet. (Who gets a new dog and new carpet on the same day?)
The many moves: You were there through 10 houses and nine moves, including the move to Florida, where I had a stint as a live-in home stager and moved six times in four years.
The life changes: You were there when I sent each of my children off to college, entering some sort of self-imposed dorm-decorating contest in which I was the sole contestant. You were there through my divorce and remarriage, the loss of two parents and the gain of three grown stepchildren.
The micro and macro: Together, we’ve covered the minor (how to choose drawer knobs and tea towels) and the major (the meaning of home and belonging and how to leave a meaningful legacy.
Million-dollar homes are the perfect blend of form and function, setting the stage for true elegance and luxury.
Whether it’s the understated minimalism seen in Kim Kardashian’s home or the opulent maximalism of designer high-end houses, the key lies in creating spaces where functionality becomes virtually invisible, contributing to an overall aesthetic that’s both breathtaking and discreet.
You can see this in the prohibitively expensive homes from shows like Selling Sunset and Million Dollar Listing. Those million-dollar homes focus on hiding conventional features and appliances, allowing the eyes to revel in the design without distraction.
The philosophy here is simple yet profound: less is more.
Luxury design hinges on the power of illusion – making the essential elements of a home feel like an integrated, almost indistinguishable part of the overall design.
This invisible functionality transforms living spaces into masterpieces of high-end hospitality and cozy elegance, where every detail is meticulously crafted to elevate the experience of luxury living.
Blend kitchen appliances with the design
Looking at luxury homes and apartments, you won’t find their microwave, stove, or refrigerator glaring out like sore thumbs in the kitchen.
One of the best examples we’ve seen of this is in actor Jesse Tyler Ferguson’s house in Encino, a newly built contemporary house in Los Angeles with impeccable interiors.
The refrigerator and other kitchen appliances are masterfully hidden by cabinets in this beautifully appointed celebrity home. Image credit: LA Light Photography and The Luxury Level
The impressive property’s most distinctive interior traits are the warm wood tones used throughout, which serve as both décor elements and provide tons of storage space — particularly in the kitchen, which is clad in cabinets and wood paneling made out of hemlock wood.
The refrigerator is an essential appliance in any home but as we can see in the Modern Family star’s home, it is artfully hidden within the cabinetry.
It perfectly matches the surrounding cabinets, giving a unified and uninterrupted visual flow that exudes sophistication.
Similarly, the microwave is tucked away, out of the direct line of sight, allowing guests to focus on the elegant lines and luxurious finishes of the kitchen without the distraction of appliances.
Strategically concealing appliances amplifies the spaciousness and clean lines that are synonymous with luxury, making the kitchen not just a place for meal preparation but a statement of design excellence.
This living area leads into a bright open kitchen that cleverly masks most of its appliances for a sleek interior design. Image credit: LA Light Photography and The Luxury Level
That’s not because the owners don’t own any and eat out for every meal but because their appliances are expertly designed to be hidden away when they are not needed.
Luxury designs do not break the viewer’s experience of ah and wonderment with the typical microwave or fridge sticking out.
Hide air vents in plain sight with frameless diffusers
When it comes to the interiors of the most coveted million-dollar listings, the devil is in the details—or perhaps, it’s the lack thereof. The luxurious spaces you see have a secret: the art of concealment.
This is particularly true when it comes to the mechanics of comfort, like HVAC air diffusers, which are essential yet often an eyesore.
Sleek, modern interiors don’t have bulky vents disrupting the cohesive look but instead have nearly invisible air diffusers. Photo credit: Invi Air
But not in these homes. Here, they’re incorporated with such finesse that they’re almost invisible, represented by the hardly visible lines blending into the ceilings and walls as seen in the image below.
These aren’t your standard vents; they’re design statements in their own right, albeit in the most understated way.
Notice the long, black, linear lines along the walls and ceilings? Those are the latest in air diffuser designs from Invi Air, a far cry from the bulky, obtrusive vents of yesteryear. Photo credit: Invi Air
Frameless diffusers like the ones from Invi Air are installed into the drywall and colored to match the room’s palettes for a nearly invisible finished look flush with the wall or ceiling.
They don’t demand attention. Instead, they support the room’s ambiance in quiet anonymity, allowing the stunning vistas outside the window or the curated art pieces to hold the gaze. Invi Air diffusers are easily customizable with any type of paint, allowing them to blend seamlessly with the color and texture of the surrounding surface.
The TV is almost always out of sight
In the modern luxury home, the television—once the centerpiece of every living room—has found a new role as the hidden gem of the room.
The trend in million-dollar homes is clear: the TV should be felt, not seen until it’s time for it to shine.
This philosophy has created creative solutions that make the TV almost magically appear when needed and disappear when not, maintaining the room’s sleek, elegant aesthetic.
Take Samsung’s Frame TV, for example. This ingenious device takes the concept of ‘hidden in plain sight’ to new heights, doubling as a digital art display when not in use.
Samsung’s ingenious Frame TV is touted as “TV when it’s on, art when it’s off”. Photo credit: Samsung press release
It sits flush with the wall, encased in a stylish frame that one might mistake for an actual painting or photograph.
It’s a perfect fit for spaces where the presence of technology needs to blend with the strokes of interior design finesse.
Take this one step further with LG’s latest technological innovation: the transparent TV.
The TV becomes practically invisible when not in use and can even blend itself to look like a live fish tank or fireplace to disguise itself further.
LG’s transparent TV is practically invisible when turned off, blending into the environment and freeing users from the long-standing problem of what to do with the ‘big black screen.’ Photo credit: LG Newsroom
When the TV is revealed, it’s not just about catching up on the latest series or movie; it’s an event. The act of the screen coming to life from its artistic camouflage adds a layer of luxury and technical prowess to the space. It’s a conversation starter, a nod to the homeowner’s taste for elegance and their flair for the dramatic.
The TV in a luxury home is no longer just a piece of technology; it’s part of the home’s dynamic, an indulgent experience that’s there when you want it without compromising the minimalist ethos of the space.
This approach to home entertainment design is yet another detail that sets high-end homes apart, offering a seamless blend of lifestyle and luxury.
As all the posh houses seen on Selling Sunset prove time and time again, a million-dollar home’s aesthetic is a symphony of design and technology where every note is perfectly pitched for an experience that’s both sumptuous and smart.
These homes aren’t just living spaces but canvases for expressing the height of personal luxury, where every hidden feature is a brushstroke in a masterpiece of modern living. And we don’t find it fair that they’re reserved for luxury homeowners, so we hope the above tips might inspire you and you’ll end up implementing them in your own home.
*Featured image credit: R ARCHITECTURE on Unsplash
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Luxury home prices are at the highest they’ve ever been, with prices rising twice as much as non-luxury homes, Redfin said.
The typical US luxury home sold for about $1.17 million in the fourth quarter of 2023, up 8.8% year-over-year.
“So many affluent buyers are able to buy homes in cash, rendering today’s elevated mortgage rates irrelevant.”
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Luxury home prices have hit an all-time high, rising at twice the pace of non-luxury homes, Redfin wrote in a report on Wednesday. While high mortgage rates have crushed the rest of the housing market, wealthy buyers have enough cash to pay for a home upfront, free from the rate “lock-in effect.”
“Luxury prices are rising at twice the rate of non-luxury prices largely because so many affluent buyers are able to buy homes in cash, rendering today’s elevated mortgage rates irrelevant,” the release stated. “High mortgage rates have a more chilling effect on the rest of the market, upping interest payments and keeping price increases modest.”
A typical US luxury home cost $1.17 million as of the end of last year, up 8.8% from a year earlier. Compare that to the price of a non-luxury home, which rose 4.6% to a record $340,000.
Luxury home prices rise at twice the pace of non-luxury prices
Redfin
Redfin defines a luxury home as “those estimated to be in the top 5% of their respective metro area based on market value.” Non-luxury homes fall in the 35th to 65th percentile.
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The share of rich homebuyers paying all cash in the luxury home market rose to a record 46.5% in the fourth quarter of 2023. That’s up from 40% a year ago.
“A lot of luxury buyers are coming in with cash, snapping up expensive homes,” a Redfin Premier agent, Heather Mahmood-Corley, said. “High-end homes are selling fast, especially in desirable areas like luxurious Scottsdale, or Tempe, which West Coast transplants love because it’s centrally located. One client recently bought a house in Tempe, flipped it, and it sold for $1.4 million in two days.”
What’s driving the surge is not just the fact that wealthy Americans can skip taking out a home loan. It’s also that the supply of luxury homes is still low, driving up competition and pushing bid prices higher.
The luxury housing market as a whole is performing well, and new luxury listings have risen 19.7% year-on-year — the biggest jump in two years, according to Redfin. The total number of luxury homes on the market also rose by 13%. Sales dipped by 1.7%, but that’s the smallest decline the market has seen since 2021.
Welcome to Summerlin, the epitome of tranquility and luxury living in the heart of Las Vegas.
With its meticulously designed neighborhoods and vast array of exclusive amenities, Summerlin truly embodies the perfect blend of opulence and serenity.
From exquisite gated communities to world-class golf courses and award-winning schools, every aspect of life in Summerlin is centered around providing the utmost comfort and convenience.
And people have started to take notice.
Summerlin has seen an influx of new residents in the past few years, fast becoming Nevada’s top-selling community.
In the first half of 2023 alone, an impressive total of 544 new homes were sold in the master-planned community, pushing it to rank #5 nationally in new home sales in a recent midyear report by national real estate consultant RCLCO.
Celebrities too have been flocking to the area, with A-listers like Mark Wahlberg ditching the glamorous L.A. lifestyle and buying homes in Summerlin, Nevada.
To get a better feel of the local real estate market, we’ve reached out to industry expert Cami Lincowski, a prominent luxury Las Vegas real estate agent and former star of HGTV’s Say Yes to the Nest.
Cami Lincowski, a prominent luxury Las Vegas real estate agent and former star of HGTV’s Say Yes to the Nest. Photo courtesy of Cami Lincowski.
Talking about the appeal of the area of its rise in popularity, Cami tells us that “Summerlin is not only thriving, but when you throw in the latest and greatest shopping & high-rated restaurants the valley has to offer; there’s no denying that this area ranks amongst the top cities to call home.”
So let’s take a closer look at what makes this Las Vegas Valley community such a great place to live.
The luxury lifestyle in Summerlin
Summerlin is synonymous with luxury.
This master-planned community boasts some of the most prestigious homes in Las Vegas, offering residents an unparalleled level of elegance and sophistication. From sprawling mansions to stylish townhouses, Summerlin has something to suit every taste and preference.
The meticulously designed neighborhoods of Summerlin showcase architectural excellence and attention to detail.
Gated communities like The Ridges, Tournament Hills, The Lakes, and Red Rock Country Club provide residents with a sense of exclusivity and security. Impeccably landscaped streets and manicured lawns add to the overall aesthetic appeal, creating a sense of grandeur at every turn.
More recently, The Summit Club has emerged as the pinnacle of luxury living in Summerlin. The 555-acre resort community south of The Ridges (and only 9 miles away from the Las Vegas strip) is the only fully private residential golf and lifestyle club community in all of Las Vegas.
A $23.5 million mansion in the upscale Summit Club residential community in Summerlin, Nevada. Photo credit: Stephen Morgan courtesy of Coldwell Banker Premier Realty
In addition to the stunning homes, Summerlin offers a wealth of amenities that cater to the luxury lifestyle.
Residents have access to world-class golf courses, private country clubs, and state-of-the-art fitness centers. The community also boasts a wide range of recreational facilities, including tennis courts, swimming pools, and parks, ensuring that there is always something to do for those seeking an active lifestyle.
The real estate market in Summerlin
The real estate market in Summerlin is thriving, thanks to its reputation as one of the most desirable places to live in Las Vegas. But you do have to have deep pockets – or an outstanding credit score – to afford to buy here.
The demand for homes in Summerlin has been steadily increasing over the years, leading to a rise in property values. The community’s prime location, coupled with its exceptional amenities and quality of life, make it an attractive choice for both homebuyers and investors.
But despite being a top luxury home destination, Summerlin’s house prices can accommodate a wide range of budgets — and are considerably less prohibitive compared to those found in other top luxury markets on the West or East Coasts.
“Anyone can call Summerlin home,” luxury agent Cami Lincowski tells us. “With price ranges starting at $400k & tipping the scale at $15m+, this city is not just made of city lights, but all walks of life.”
The community offers a wide range of housing options, from single-family homes to luxury condominiums and townhouses.
Whether you are looking to buy a home or invest in real estate, Summerlin offers a wealth of opportunities. The community’s diverse housing options cater to a range of budgets and lifestyles, ensuring that there is something for everyone.
Celebrities that call it home
With the Mansion Tax adding fuel to the California exodus, many of the Golden State’s affluent residents started flocking to new luxury markets — with A-listers and famous individuals choosing to make Las Vegas their new primary residence.
Naturally, Summerlin emerged as a top choice.
Celebrities to have called Summerlin home include actor Mark Wahlberg (who sold his sprawling $55 million LA mansion to move here), Grammy Award-winning singer Celine Dion, who sold her freshly-built Summit Club house for a record $30 million, and several Golden Knights players.
NHL pro Max Pacioretty played only four seasons with the Vegas Golden Knights (2018-2022) but went all in when it came to making himself at home in Sin City. The Carolina Hurricanes left winger owned a 10,000+ sq. ft. home in The Ridges community, which he sold for top dollar last year.
Pacioretty’s spectacular estate “netted” a cool $11 million, a record for the high-end The Ridges community.
Max Pacioretty’s former house at The Ridges in Summerlin, Las Vegas. Photo courtesy of IS Luxury, insert Jerry Coli | Dreamstime.com
Rob Roy, the CEO, founder, and chairman of Switch Communications Group, also paid $33 million for 5 acres to build a luxury estate in the same Summerlin resort community.
And while Wahlberg recently sold one of his Summerlin homes for $16.6 million one year after buying it, he made it clear he loves living here and has no plans of leaving the Las Vegas community. He’s just waiting for his other mansion to be completed.
Top neighborhoods in Summerlin
Summerlin is home to a number of top-notch neighborhoods, each with its own unique charm and character. Here are some of the most sought-after areas in the community:
#1 The Ridges
Located at the base of the Red Rock Canyon, The Ridges is an exclusive gated community known for its luxurious homes and breathtaking views. With its private golf course and world-class amenities, it is one of the most coveted neighborhoods in Summerlin.
#2 Tournament Hills
Situated around the TPC at Summerlin Golf Course, Tournament Hills offers residents the opportunity to live near one of the best golf courses in Las Vegas. The neighborhood features a mix of custom-built homes and luxury estates, providing a premium living experience.
#3 The Gardens
Nestled among lush green landscapes and scenic walking trails, The Gardens is a peaceful and picturesque neighborhood in Summerlin. With its tree-lined streets and well-maintained parks, it offers residents a serene and idyllic setting.
Aerial view of the Summerlin community in Las Vegas, Nevada and its neighborhoods. Photo credit: trekandshoot / Shutterstock
Tranquility and natural beauty
One of the most remarkable aspects of Summerlin is its breathtaking natural beauty.
Nestled against the majestic Red Rock Canyon, the community offers stunning views of the surrounding desert landscape. The vibrant hues of red and orange against the clear blue sky create a picturesque backdrop that is hard to find elsewhere in Las Vegas.
Summerlin is a nature lover’s paradise, with over 150 parks and more than 150 miles of trails to explore. Whether you enjoy hiking, biking, or simply taking a leisurely stroll, there is a trail for every skill level. The community is also home to numerous lakes and ponds, perfect for fishing or enjoying a peaceful picnic by the water.
For those seeking a more tranquil experience, Summerlin offers an abundance of peaceful retreats. The community’s botanical gardens and meditation centers provide a serene environment for relaxation and introspection. Escape the hustle and bustle of city life and immerse yourself in the tranquility that this community has to offer.
Amenities and recreational activities
Summerlin is not just a place to live; it is a lifestyle.
The community offers an impressive array of amenities and recreational activities that cater to residents of all ages. From world-class golf courses to community centers and sports facilities, there is something for everyone.
Golf enthusiasts will be delighted by the exceptional courses that Summerlin has to offer.
The TPC at Summerlin is a championship golf course designed by renowned architect Bobby Weed. With its challenging fairways and breathtaking views, it is a favorite among golfers of all skill levels. The community is also home to the Red Rock Country Club, which features two Arnold Palmer-designed courses and a host of other amenities.
In addition to golf, Summerlin offers a wide range of recreational activities. The community’s numerous parks and trails provide ample opportunities for outdoor enthusiasts to stay active.
Tennis courts, basketball courts, and soccer fields are available for those who enjoy team sports. And for those who prefer indoor activities, the community’s state-of-the-art fitness centers and swimming pools provide plenty of options.
Schools and education options
Summerlin is not only known for its luxury homes and amenities; it is also home to some of the best schools in Las Vegas. The community offers a wide range of educational options, from top-rated public schools to prestigious private institutions.
The Clark County School District serves the majority of students in Summerlin, offering a comprehensive curriculum and a strong emphasis on academic excellence. The district’s schools consistently rank among the best in the state, providing students with a quality education that prepares them for future success.
For those seeking a private education, Summerlin is home to several esteemed institutions.
The Alexander Dawson School is a renowned independent school that offers a challenging and well-rounded education. The Meadows School, another prestigious private institution, is known for its rigorous academic program and strong college preparatory curriculum.
When it comes to shopping and dining, Summerlin has it all. The community is home to The Shops at Summerlin, a premier shopping destination that offers a wide range of retail and dining options.
From high-end fashion boutiques to popular chain stores, there is something for every shopper.
Food enthusiasts will also be delighted by the diverse culinary scene in Summerlin. The community boasts a wide range of restaurants, offering everything from casual dining to fine dining experiences. Whether you are craving sushi, steak, or Italian cuisine, you will find it all in Summerlin.
Summerlin’s proximity to the Las Vegas Strip
One of the unique aspects of living in Summerlin is its close proximity to the Las Vegas Strip. While the community offers a peaceful and serene environment, the bustling energy of the Strip is just a short drive away.
Residents can easily access all the excitement that Las Vegas has to offer, from world-class entertainment and nightlife to renowned restaurants and shopping.
The convenience of being near the Strip allows residents of Summerlin to enjoy the best of both worlds. They can retreat to the tranquility of their luxurious homes after a night out on the town, providing the perfect balance between opulence and excitement.
Why Summerlin is the ideal place to live in Las Vegas
To sum things up, Summerlin is a community that embodies the perfect blend of luxury and tranquility. Its meticulously designed neighborhoods, breathtaking natural beauty, and array of exclusive amenities make it an ideal place to live in Las Vegas.
Whether you are seeking a luxurious retreat or a place to call home, Summerlin offers a lifestyle unlike any other. From world-class golf courses to award-winning schools and gourmet dining, every aspect of life in Summerlin is centered around providing the utmost comfort and convenience.
Escape the hustle and bustle of the Strip and immerse yourself in the beauty and serenity of Summerlin.
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Usher has been quietly living in Las Vegas since 2022
Home of the week: A palatial $25M estate in the heart of Las Vegas (with 10 interconnected buildings)
Burrell countersued earlier this month, arguing that he shouldn’t have to pay the bank back since it knew he was using the business credit for personal expenses.
The bank has asked an Aspen judge to let it foreclose on six of Burrell’s properties as collateral.
Public records show that the businessman owns two homes in Basalt, Colo. and a 190-acre ranch in New Mexico, valued at $21.1 million, which is currently up for auction.
However, per a report on luxury real estate listings site Mansion Global, only one of Burrell’s five children are still living at home, so Burrell and his wife, Nikola, have decided to downsize.
Millionaire investor Dan Burrell, 45, was sued by First Western Bank for defaulting on $56 million in loans. Jason Sean Weiss/BFA.com/Shutterstock
First Western reportedly wants to foreclose on Burrell’s home in Aspen and ranch near the affluent ski town, as well as a property in Nantucket and land in Vero Beach, Fla., according to The Denver Post.
In his countersuit, Burrell argued that if First Western forecloses on his properties, “Burrell, Burrell’s wife, and Burrell’s minor children are at risk of losing their primary residence and have incurred emotional distress,” according to the countersuit, The Denver Post reported.
In a bizarre twist, Burrell also argued that it was “improper” for the bank to give him business loans when it was well aware most of the funds would be spent on his personal life — such as his divorce payments, buying a yacht and building a house in Basalt, Colo.
First Western wants to foreclose on a handful of Burrell’s properties as collateral on his defaulted loan. Pictured is one of Burrell’s properties in Basalt, Colo. Aspen Glenwood/MLS
“Additionally, First Western did not make a reasonable and good faith determination at or before consummation that Burrell had a reasonable ability to repay,” his countersuit states, per The Denver Post.
The bank also didn’t allow him to refinance, didn’t consistently provide him with paperwork for the loans and wrongly accepted his personal homes as collateral, Burrell alleged, the outlet reported.
Burrell’s counsel, attorneys Sarah Auchterlonie and Courtney Bartkus in the Denver office of Brownstein Hyatt Farber Schreck did not immediately respond to The Post’s request for comment.
The Post has also sought comment from First Western Bank.
First Western’s CEO Scott Wylie referred to “a client we’ve had since 2018” who is “facing a liquidity crunch and becoming delinquent on their payments,” during an earnings call in October.
He noted that the bank had to declare the loans in default in order to seek the collateral, but assured: “We think we’re going to have a full recovery.
The real estate collateral that we have is in some very desirable markets. It’s in Aspen, it’s in Nantucket, it’s in (Florida),” he said.
Though Wylie didn’t name the borrower, Burrell argued that analysts listening to the call were able to figure it out, according to The Denver Post.
Burrell said that one listener even called him to ask about his personal finances.
This has caused Burrell and his investment company “reputational harm and public disgrace,” he argued.
Last month, Burrell and his second wife opened an auction for an 8,400-square-foot estate located on Aspen’s Red Mountain — the Burrell family’s “primary home,” according to Mansion Global — and a nearby, 4,200-acre ranch in Carbondale as part of an $86.5 million package.
Burrell countersued First Western earlier this month, arguing that foreclosures would leave him, his wife Nikola and his children without a primary residence.
Two of his children from his first marriage with Australian jewelry magnate Katherine Jetter are in college, while his third child with Jetter is set to head off to college next year.
Burrell also has two kids with Nikola — one of which is at a boarding school in Boston, leaving just one at home, according to Mansion Global.
Sotheby’s Concierge Auctions led the bidding, and has since marked the ranch on its website as “sale pending,” while the Red Mountain home’s bid deadline has been extended to Feb. 15.
According to public records, Burrell owns multiple properties across Colorado — including this home on 969 Willitis Lane — as well as in Nantucket, Florida and New Mexico. Aspen Glenwood/MLS
Burrell, the founder of investment firm The Burrell Group, claimed that First Western’s lawsuit violates federal lending laws as it interferes with the auction of his Red Mountain estate, a property valued at $38.5 million.
He is also seeking damages for what he claims was an invasion of privacy and public outing of his financial situation by First Western, The Denver Post reported.
Many people mistakenly believe they can’t afford to buy a home because they don’t really know what their options are. Fortunately, home loans are not one-size-fits-all. There are various mortgages available to suit your budget and preferences.
So, before you start visiting open houses, take some time to familiarize yourself with the different home loans that are available. Going into the home buying process informed could help you save a lot of money on your down payment, interest, and fees.
The 8 Types of Mortgage Loans Available
Understanding the different types of mortgage loans will help you choose the option that’s best suited for you. Let’s look at a brief overview of the eight types of mortgages available in 2024.
1. Conventional Loans
A conventional loan is a mortgage that’s not issued by the federal government. There are two different types of conventional mortgages you can choose from: conforming and non-conforming loans.
A conforming loan falls within the guidelines laid out by Fannie Mae and Freddie Mac. You’ll take out a conforming loan through a private lender like a bank, credit union, or mortgage company. Since the government doesn’t guarantee the loan, conventional mortgages typically come with more stringent lending requirements.
According to the CFPB, the maximum loan amount for a conventional loan is $484,350. However, it may be as high as $726,525 in counties with a high cost of living. You’ll have to take out private mortgage insurance (PMI) if you don’t have a 20% down payment.
Conventional loans are fixed-rate mortgages, which means your monthly mortgage payment remains the same throughout the entire life of the mortgage loan. The terms typically range from 10 to 30 years:
30-year fixed-rate mortgage
20-year fixed-rate mortgage
15-year fixed-rate mortgage
10-year fixed rate mortgage
Pros:
It can be used to purchase a primary home or an investment property
Tends to cost less than other types of loans
You can cancel your private mortgage insurance (PMI) once you reach 20% equity in your home
Cons:
Must have a minimum FICO score of 620 or higher
Harder to qualify for than government-backed loans
You’ll need to have a low debt-to-income ratio to qualify
2. Conventional 97 Mortgage
A conventional 97 mortgage is similar to a conventional loan in that it’s widely available to various borrowers. The main difference is that with this type of home loan, you only have to pay a 3% down payment.
The program is available for first-time and repeat home buyers. However, it must be your primary place of residence, and the maximum loan amount is $510,400.
Pros:
Widely available to most borrowers
Only requires a 3% down payment
Available for first-time and repeat homebuyers
Cons:
Cannot be used to purchase investment properties
The maximum loan amount is $510,400
Requires a minimum FICO score of 660 or higher
3. FHA Loans
FHA loans are backed by the Federal Housing Administration and are a popular option for first-time home buyers. To qualify, you need to have a 3.5% down payment and a minimum credit score of 580.
If you have a credit score of 500 or higher, you can qualify for an FHA loan with a 10% down payment. These flexible requirements make FHA loans a suitable option for borrowers with bad credit.
To qualify for an FHA home loan, you must have a debt-to-income ratio of 43% or less. These loans can’t be used to purchase investment properties, and your home must meet the FHA’s lending limits.
These limits vary by state, so you’ll need to check the FHA’s website to see what the guidelines are for your area.
Pros:
Loans come with low down payment options
A viable option for borrowers with bad credit
Available for first-time and repeat homeowners
Cons:
Loans can’t be taken out for investment properties
If your credit score is below 580, a 10% down payment is required
You must have a debt-to-income ratio below 43%
Mandatory mortgage insurance premiums
4. FHA 203(k) Rehab Loans
An FHA 203(k) rehab loan is sometimes referred to as a renovation loan. It allows home buyers to finance the purchase of their home and any necessary renovations with a single loan.
Many people purchase older homes to fix them up. Instead of taking out a mortgage and then applying for a home renovation loan, you can accomplish both within a single mortgage.
A rehab loan is similar to an FHA loan in that you’ll need a 3.5% down payment. However, the credit requirements are stricter, and you’ll need a minimum credit score of 640 to qualify.
Pros:
Allows you to buy a home and finance the remodel within one mortgage
Requires a minimum 3.5% down payment
Easier to qualify since the FHA backs your loan
Cons:
Credit requirements are more stringent than typical FHA loans
You must hire approved contractors and cannot DIY the renovations
The closing process takes longer than other types of mortgages
5. VA Loans
The Department of Veteran Affairs guarantees VA loans. These loans are designed to make it easier for veterans and service members to qualify for affordable mortgages.
One of the biggest advantages of taking out a VA loan is that it doesn’t require a down payment or mortgage insurance premium (MIP). And there are no listed credit requirements, though the lender can set their own minimum credit requirements. VA loans typically come with a lower interest rate than FHA and conventional loans.
To qualify for a VA loan, you must either be active duty military, a veteran or honorably discharged. You’ll need to apply for your mortgage through an approved VA lender.
Pros:
No down payment required
No PMI required
Flexible credit requirements
Cons:
Must be a veteran to qualify
Some sellers will not want to deal with a VA loan
6. USDA Loans
A USDA loan is a type of mortgage that’s available for rural and suburban home buyers. It’s a viable option for borrowers with lower credit scores that are having a hard time qualifying for a traditional mortgage.
USDA loans are backed by the U.S. Department of Agriculture, and they help low-income borrowers find housing in rural areas. USDA loans do not require a down payment, but you will need a minimum credit score of 640 to qualify.
You will need to meet the USDA’s eligibility requirements to qualify for the loan. But according to the department’s property eligibility map, over 95% of the U.S. is eligible.
Pros:
No down payment required
A practical option for low-income borrowers
Available to first-time and repeat home buyers
Cons:
A minimum credit score of 640 is required
Housing is limited to rural and suburban areas
7. Jumbo Loans
A jumbo loan is a mortgage that exceeds the financing guidelines laid out by the Federal Housing Finance Agency. These loans are unable to be purchased or guaranteed by Fannie Mae or Freddie Mac.
A jumbo mortgage is financing for luxury homes in competitive real estate markets, and the limits vary by state. In 2024, the FHFA raised the limits for a one-unit property to $766,550, increasing from $726,200 in 2023. In certain high-cost areas, the limits for jumbo loans vary, reaching up to $1,149,825. These jumbo loans are for mortgages that exceed the set limits in their respective counties.
If you’re hoping to buy a home that costs more than $1 million, you’ll need to take out a super jumbo loan. These loans provide up to $3 million to purchase your home. Both jumbo and super jumbo mortgages can be difficult to qualify for and require excellent credit.
Pros:
These loans make it possible to purchase large homes in expensive areas
Typically comes with flexible loan terms
Cons:
Jumbo loans and super jumbo loans come with higher interest rates
You’ll need a good credit history to qualify
8. Adjustable Rate Mortgages (ARMs)
Unlike a fixed-rate mortgage, where the interest rate is set for the life of the loan, an adjustable-rate mortgage (ARM) comes with interest rates that fluctuate. Your interest rate depends on the current market conditions.
When you first take out an ARM, you will typically start with a fixed rate for a set period of time. Once that introductory period is up, your interest rate will adjust on a monthly or annual basis.
An ARM can be a suitable option for some borrowers because your interest rate will likely be low for the first couple of years you own the home. But you need to be comfortable with a certain level of risk.
And if you choose to go this route, you should look for an ARM that caps the amount of interest you pay. That way, you won’t find yourself unable to afford your monthly payments when the interest rates reset.
4 Types of ARMs
There are 4 different types of adjustable-rate mortgages typically offered:
One Year ARM – The one-year adjustable-rate mortgage interest rate changes every year on the anniversary of the loan.
10/1 ARM – The 10/1 ARM has an initial fixed interest rate for the first ten years of the mortgage. After 10 years is up, the rate then adjusts each year for the remainder of the mortgage.
5/5 and 5/1 ARMs – ARMs that have an initial fixed rate for the first five years of the mortgage. After 5 years is up, for the 5/5 ARM, the interest rate changes every 5 years. For the 5/1 ARM, the interest changes every year.
3/3 and 3/1 ARMs – Similar to the 5/5 and 5/1 ARMs, except the initial fixed-rate changes after 3 years. For the 3/3 ARM, the interest rate changes every 3 years and for the 3/1 ARM, it changes every year.
Pros:
Interest rates will likely be low in the beginning.
If you pay the loan off quickly, you could pay a lot less money in interest.
Cons:
Your monthly mortgage payments will fluctuate.
Many borrowers have gotten into financial trouble after taking out an ARM.
Choosing the Right Home Loan
When it comes to choosing a home loan, you need to consider a few key factors. First, you’ll want to think about the type of loan that is best suited to your needs.
Fixed-rate mortgages offer stability and predictability, while adjustable-rate mortgages (ARMs) can be a viable option for those who expect their income to increase significantly over time. You’ll also want to consider your budget and how much you can afford to borrow, as well as the size of your down payment and the length of the loan term.
It’s also crucial to shop around and compare offers from multiple mortgage lenders. While it’s tempting to go with the first lender you find, it pays to do your homework and see what other options are available.
This can help you get a better rate and more favorable terms on your loan. It’s a good idea to get quotes from at least three different lenders, and to consider both traditional banks and online lenders.
Tips for Getting the Best Rates and Terms
One of the most effective strategies is to improve your credit score. Lenders look closely at credit scores when deciding whether to approve a loan. Those with higher scores are typically offered better terms. You can improve your credit score by paying your bills on time, reducing your debt, and correcting any errors on your credit report.
Another tip is to make a larger down payment, which can help you secure a lower interest rate and reduce the size of your monthly payments. Finally, consider working with a mortgage broker, who can help you shop around and find the best deal.
Bottom Line
As you can see, there are many home loans for you to choose from. The type of mortgage that’s best for you will depend on your current income and financial situation.
If you’re not sure where to start, consider working with a qualified loan officer. They can assess your situation and recommend the option that will be best for you.
In our latest real estate tech entrepreneur interview, we’re speaking with John Rowland from S2A Modular.
Who are you, and what do you do?
My name is John Rowland and I’m the president and co-founder of S2A Modular. I consider myself a visionary with a passion for designing homes, communities and real estate. My 20+ years of experience spans across land entitlement, land development and development feasibility analysis – but most recently, has shifted focus to engineering the most advanced, self-sufficient homes in the world.
After seeing a gap in the market, my partner Brian Kuzdas and I founded S2A Modular – the company to produce electrically self-sustaining, custom luxury homes. We’re changing the way the world understands residential buildings – creating a new standard in stylish design, construction speed, tailor-made features with high-end materials, “surplus energy income” and smart-connected living.
What problem does your product/service solve?
There’s a multitude of worldwide changes happening in the residential and commercial real estate industry that our #GreenLuxHomes address:
Energy bills are rising and there’s too much reliance on an energy grid that’s vulnerable and antiquated.
Property values are dipping
Commercial buildings are inefficient.
New houses haven’t caught up to advances in technology
Sustainability is changing worldwide
S2A Modular is truly creating a new category of custom homes that simply aren’t comparable to any traditional site-built, modular or other types of residences.An S2A home is immediately superior in long-term value, upon appraisal, to a traditional home – and for good reason. Simply put, a Green Lux Home saves money, time and energy, while reflecting the ultimate level of sustainability, luxurious design, high-end materials, full smart home ecosystem features and an overall better way of living. Our homes are constructed with high-end custom or predesigned models and superior performance materials, which provides self-sustaining power, using exclusive energy storage and solar technology that eliminates energy bills (and may even result in energy companies paying you for your contribution back to the grid). Our homes are fully connected smart homes with smart appliances, energy features and security features controlled with a single mobile app. Not to mention, all these exclusive features result in a higher home value than traditional homes.
What are you most excited about right now?
I’m most excited to be bringing our product to mass market. Over the past year, we’ve focused our efforts on fundraising, networking with key industry players, getting involved in major sectors of the market, showcasing how our product works and the impact we can make on the world. We’ve truly been focused on building a strong foundation that can help us take S2A Modular worldwide, even further than we could’ve ever imagined.
What’s next for you?
We’re working on something exciting for 2020, which we haven’t actually shared too much of yet. S2A Modular is currently developing housing solutions for the nation’s homelessness population by providing affordable, sustainable housing that can be built for 20 cents on the dollar compared to similar structures being purchased by the U.S. government. We plan to sell these homes nationwide for less than the cost of an average car, and they’ll be electrically self-sustaining to run completely off grid.
We’re also in the works of finalizing a licensing agreement, which will allow us to expand the S2A MegaFactory worldwide. We will be working with a few major industry partners to quickly and efficiently build and fulfill large orders of #GreenLuxHomes across the globe.
What’s a cause you’re passionate about and why?
There’s a huge human trafficking problem right now, and as a father, this cause is near and dear to my heart. I recently got involved in supporting the organization Operation Underground Railroad (O.U.R.), which works to rescue victims of human trafficking and sex trafficking, with a specific focus on children. Over the past five years, O.U.R. has rescued 2,603 victims and assisted in the arrests of more than 1,365 traffickers around the world. To support this organization, I took a little-known passion of mine in the design, engineering and manufacturing of sunglasses to donate 100 pairs of glasses that will be sold to help raise money to support the work of O.U.R. This is an incredible organization and it was an honor to be able to use my passion in sunglass design to support their efforts to help human trafficking victims.
Thanks to John for sharing his story. If you’d like to connect, find him on LinkedIn here.
We’re constantly looking for great real estate tech entrepreneurs to feature. If that’s you, please read this post — then drop me a line (drew @ geekestatelabs dot com).