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spec home
noun
A home that is built for a homebuilder according to their specifications without a sales order.
Exact(6)
The Kubasseks live on the site of a ranch on Kemp Avenue, in a 4,200-square-foot 4,200-square-foot 4,200-square-foot6 million.
Michael Davis, a purveyor of luxury custom homes, builds one spec home each year, and the one he built this year is a $23 million estate on Parsonage Lane in Sagaponack with an ocean view and a top-of-the-line theater that seats 18 and has a 120-inch digital screen, a JVC 3D-capable projector, and Marantz Surround Sound.
A spec home can go to auction only if the auctioneer, the builder and the bank come to terms beforehand.
A 13,500 square foot spec home in Miami Beach with its own 43-foot long waterslide has sold for $22.5m, the highest price paid for a single family home in the city in two years.
Chris Whittle Chris Whittle, former publisher of Esquire and founder and chief executive of the controversial for-profit education company Edison Schools, dropped the price on his Hamptons estate to $36 million from $45 million last year, just $2 million short of the $38 million-priced spec home at the bottom of our list.
He is landscaping the North Hollywood spec home, and they worked together on the landscaping in Sherman Oaks.
Similar(54)
Spec homes have really caught on in the last two years".
Imagine cookie-cutter spec homes dotting yet another dull par 4 in Myrtle Beach, and you get the picture.
"These days every spec house on the market has got to have a home theater," said Christopher Burnside, a Brown Harris Stevens broker who is also a builder of spec homes.
Alfonso Giaquinto, the owner of Plum Builders, said he decided last year that "complete home automation systems" would be among the amenities that his spec homes offered.
Previously the province of newly built mansions, home automation features are increasingly being built into smaller spec homes and new developments.
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