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LEGACY HOMES

IN MANY WAYS THE HOME ITSELF IS A FAMILY MEMBER: A SILENT GUARDIAN OF THEIR TRE ASU RE

with the countryside, and soon the urban affluent began acquiring small farms in the hinterlands for their vacation homes. Since for half a century the entire country has been well-covered by quality roadways among other modes of transportation, such as general aviation, access has not been an inhibiting factor for legacy homes in different regions for a lifetime. The opportunity to acquire such a property may be more accessible than ever and even below replacement costs, especially in emerging global markets like the Pacific Northwest.

B

What have remained factors in selection of sites for legacy homes are climate, terrain, lifestyle and most importantly, the relative proximity to concentrations of wealth. Some places that meet the fourth criterion fail the first three; these might include some seaside locations in the Southern U.S., which tend to be flat and humid, afflicted by insects and violent summer storms. But others, which meet the first three criteria, have only awaited the last to come into their own such as the Seattle area. Increasingly, legacy homes are becoming full time residences now that the livability, digital age and access to residential conveniences that range from organic grocers to life-flight medical options that make fourseason experience a reality. No longer just a vacation property, these estates are also commonly home to day traders and retirees alike as permanent residents. Yet even today, the greatest numbers of legacy homes are concentrated on Long Island and the Maine coast. Why? The large volume of homes nearest the financial center of New York, and other longstanding centers of affluence in the Northeast (Boston, Philadelphia, etc.) befit their historical concentrations of wealth and cultural influence. With convenient

C

transportation connections to many idyllic destinations, these commercial centers and their surrounding states remain home to more high-networth individuals than California, Oregon, and the American Southwest. The plausible locations for legacy homes on the Pacific Coast are both more widely scattered and, in many cases, less culturally familiar. Then of course, there’s also geography. Neither California nor Oregon offer protected island chains such as Washington’s Puget Sound. More than a century ago, it is important to note that the railroad enabled discovery of remote locations at a time before broadcasting and internet technology. The only inhibiting factor in selecting the most ideal location is time: time (not distance) to travel to and from the home of one’s choosing. Vacation home buyers have in recent years selected locations a median of 200 miles or less from their current homes2. Those who have more time available to travel may venture a bit further, and the more affluent homeowners can do so by air and sea, privately.

B. MADRONEAGLE – A cliffside meadow.

W W W. LEG ACY H O M E SRE P O R T.CO M

C. FRIDAY HARBOR ESTATE - His and her hot tubs on the master veranda looking over the harbor.

Legacy Homes Report 2016  

LEGACY HOME REPORT A legacy home is most often an expansive home, large enough to accommodate an extended family and guests, with fea...

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