Luxury real estate developers across the country have been seeing an increased amount of customers who are looking for custom-built ‘spec homes’ designed uniquely for their needs. A spec home refers to a house that is built on land bought by a customer builder and is uniquely designed with a custom set of 
plans tailored to the clients’ wishes. These ‘trophy homes’ are becoming more and more popular within the luxury real estate market because they allow the buyer to individualize their home, as opposed to purchasing one that was already on the market or built as part of a larger complex. This sense of control and customization is very attractive to people who are shopping for luxury homes, and as a result builders are being commissioned to build luxury spec homes more frequently as this trend increases.
Spec homes make the most sense in places like Florida or Southern California, where the luxury real estate market is prominent and there is enough space and available property to accommodate them, as opposed to somewhere like New York City where it is really not possible. This method of ‘homebuilding’ as opposed to buying is a pricey one, however people who have the money and the time to invest to such a project end up with the exact property they want and accommodations that are tailored directly to their needs. For instance, there is a spec home in Hillsboro Beach, Florida that is valued at $45 million, encompasses 30,000 square feet of land, and has an underground garage built in with space for 20 cars. Spec homes allow the clients to design the perfect space for them, and this emerging trend of customization and uniqueness represents a shift in residential development that may develop more in upcoming months.
Luxury real estate is rapidly becoming one of South Florida’s most lucrative markets, with lavish condominium buildings and complexes often selling out before construction is even completed. To learn more about luxury property currently available throughout Miami and the surrounding counties contact a RE/MAX agent; they would be happy to help you on your search for the perfect residential or commercial space for you.