People shopping for new, more spacious single-family houses where they can hunker down during the pandemic may be overlooking places that meet most, if not all, of their needs: town houses and condominiums. The newest breed of town houses and apartments check all the boxes for riding out the virus — and beyond. Indeed, many seem to be designed especially for the pandemic, but often at a more affordable price and in a more walkable location than detached houses in the far-out suburbs.
Yes, these attached homes normally are somewhat smaller than their stand-alone brethren. But today’s plans often include dedicated home offices, separate spaces for home-schooling, and dual master suites — handy for extended families, or if someone must be quarantined.
Some have kitchens with expansive islands for cooking, crafting and gathering, and walk-in pantries for stocking up on essentials. Some even come with finished basements for whatever the need may be — lounges, bonus rooms or play areas for the little ones — and private, fenced-in backyards for safe outdoor activities.
No longer a basic two-bedroom, two-bath cube, some condominiums are evolving, too. Some now even offer multiple floors. Let’s look again at Chicago, where the CA6 West Loop project by the Belgravia Group offers four-bedroom duplexes. These two-story units feature dedicated office spaces, flex rooms to accommodate multiple uses, and outsized 700-square-foot private terraces that can hold a trampoline or an inflatable pool.
These units range in size from 3,100 to 3,157 square feet with four bedrooms, 3.5 baths and a backyard. But starting at $1.65 million, the prices here are not for the typical buyer.
Prices are somewhat more modest at 7180 Optima Kierland, a new 12-story tower in Scottsdale, Arizona: The tower’s one-, two- and three-bedroom apartments, as well as penthouses, start at $500,000 and run up to more than $2 million. The median resale price in the Phoenix area was $315,000 in July.
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