Active adult communities are experiencing high demand from retirees who want both a simpler living situation and a shared community with their peers.
CNBC tells the story of a Colorado couple who bought a home in a new luxury community from Toll Brothers. The homes in the “Inspiration” development feature gourmet kitchens, luxury bathrooms with pedestal tubs, grandchildren suites,and outdoor kitchens with mountain views.
"[Buyers] don't want to simplify, necessarily, they want to right-size. A lot of them are coming from 3,000- and 4,000-square-foot family houses, and they're downsizing in square footage, but they still want the luxury, they still want the house to live big, fit their needs," said Mark Bailey, division president for Toll Brothers' active adult communities.