7022 Pasadena A

When Linda and Stephan Martiniere relocated to Dallas from Chicago in 2009, they were looking for something magical in a Texas home. Deep in the heart of Lakewood on a street with rolling hills and mature trees, these two artists found what they were looking for at 7022 Pasadena Ave.

The 4-4 had gorgeous architectural detail throughout its 4,074 square feet, but the couple wanted to add their own touch to the space. Stephan immigrated to the U.S. from France some 30 years ago and the Martinieres have spent much time in that country, where they admired the feel of the old houses.

“When we saw this house, which was spectacular, we knew it was the home we were searching for—it’s not like any other part of Dallas,” Linda said. “We adored the incredible detail and workmanship of the house, the creative use of space, and we knew it would feed us creatively, and yet provide us with a great deal of peace and privacy.”

7022 Pasadena BLinda is the daughter of an interior designer and has renovated four other homes, so it was clear to her what the house could become with a redesign in a French farmhouse style. Part of that meant editing design choices made by a previous owner. For example, some rooms in the house were quite unfinished, while others had every detail imaginable, down to hand-carved door handles.

“The challenge was to make a more functional space, and yet also to create a harmonious statement with the home,” she said. “My vision was to let this home unfold itself and lead you seamlessly from room to room, with surprises at every turn, but is never jarring. I wanted to take the home to a place of slightly understated, old-world elegance, an homage to the stunning architectural detail of the existing home.”

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You know, I was wondering about condo buying demographics last week as I was walking around downtown and the Arts District. I had this little conversation with myself:

“There are lots of great condos in and around downtown. I wonder who’s buying them? They’re outside of a first-time homebuyer’s price range, and not many families buy condos in urban areas … so what demographic are developers targeting?”

Then it hit me — empty nesters are going to look for a luxury property close to culture and amenities. It makes perfect sense. Of course, a lot of homebuyers are going to be Baby Boomers who are downsizing, looking for a home that is close to the things they love.

And then I saw this article in Inman News that affirmed my deduction:

The vast majority of luxury homebuyers used an agent, are willing to give up square footage for an amenity they want and wouldn’t live in a home that isn’t tech-friendly, according to a survey commissioned by Better Homes and Gardens Real Estate.

The online survey of 500 affluent homebuyers, conducted by Wakefield Research between May 20 and June 4, also showed that most luxury homebuyers believe homeownership is a more sound investment than the stock market, would rather live in a “smart” home than a “green” home, and would rather have an upgraded home than more square footage.

I’m thinking homebuyers in the 45-plus age range will definitely fall into this set of homebuyers. Are there any other demographics you think are a natural fit for luxury condominiums?