- The penthouse apartment is not necessarily the most luxurious apartment in a building.
- Several other types of properties offer similar features and value.
- If you're looking for elements such as unique layouts, high ceilings, and outdoor space, keep an eye out for terms such as "maisonette," "garden apartment," and "sky loft," among others.
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5 terms to look for instead of 'penthouse' if you're on the hunt for a luxury apartment with a unique layout, high ceilings, or outdoor space
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1. Condo townhouse
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The term "penthouse" is synonymous with prestige and luxury, but it's actually not always the best apartment in a building. And some say the penthouse has lost some of its allure , as Business Insider previously reported.
Reba Miller, a broker at Berkshire Hathaway HomeServices, said penthouses aren't necessarily the "trophy property" anymore.
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"You can go to many buildings, buy on a lower floor, and feel like you bought the penthouse," she told The Real Deal.
Alex Lavrenov , an agent at Warburg Realty, told Business Insider that "there are a number of properties that can show the same value as a penthouse would, or attract the same kind of clientele."
Here are five other terms you should be looking out for if you're not set on a penthouse.
See Also:
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- An $82 million penthouse in NYC's tallest residential building finally sold after 2 years on the market but only after it was split in half and got a $21 million price chop
- 7 surprising features that can make an apartment a penthouse, even if it's not on the top floor
- NYC hedge-fund managers and Silicon Valley CEOs are flocking to Miami as 'tax refugees,' and it's sparking record, ultra-luxury real-estate sales in the area
SEE ALSO: A luxury real-estate broker and 'Million Dollar Listing' star says a penthouse isn't what you think it is anymore
DON'T MISS: Billionaire Ken Griffin just bought a $238 million penthouse and it's the most expensive home ever sold in the US
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