So...Just what is an Estate?
The most commonly accepted definition of an estate is that of a large piece of land with a stately home on it. This definition comes from the estates of Europe which featured a very large property comprising of a very large home with outbuildings supporting farmlands and wooded area that surround the gardens and grounds of this very large porperty, such as a country house or mansion. These stately homes consisted of many bedrooms many entertainment areas and staff quarters. Some had pools, fountains, and reflecting pools. Contemporary definitions have now become varied due to regional differences and areas of large financial influence. Land has always been a factor, however, with the advent of large spacious condominiums having joint ownership in common areas of a property. Incredible views and luxurious ammenities can also contribute to what many now call "an estate" and run into millions of dollars. The financial worth of a property can often plae it into an estate category. Regional differences can also paly a part. Properties in affluent areas such as those of Los Angeles' Westside, parts of the San Fernando Valley from Pasadena to WestLake Village, and from the mountains to the seaside communities such as Malibu, Santa Monica, to the Palois Verdes Penninsula and further down the coast. We now even have a "new" definition with some homes calling themselves "Mini Estates." Again, price, location, and ammenities all play into the spectrum. Most commonly, an estate is considered a property around the Million dollar mark and above. Even zip codes can become a determining factor. It all comes down to location,value and luxury.