{"id":5350,"date":"2026-06-22T10:00:40","date_gmt":"2026-06-22T17:00:40","guid":{"rendered":"https:\/\/livsothebysrealtyca.blog\/?p=5350"},"modified":"2026-06-22T19:16:42","modified_gmt":"2026-06-23T02:16:42","slug":"multigenerational-living","status":"publish","type":"post","link":"https:\/\/livsothebysrealtyca.blog\/spu\/multigenerational-living\/","title":{"rendered":"Multigenerational Living"},"content":{"rendered":"
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Many luxury homebuyers are looking for \u2028properties that bring the whole family together.<\/h2>\n\t\t\t<\/div> \n\t\t<\/div>\n\t<\/div> \n<\/div><\/div>\r\n\t\t
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Several generations sharing a family home is emerging as a significant trend in luxury real estate. While families once often shared a home primarily to reduce costs and provide a secure launchpad for their children, today many of them are more focused on emotional connections, shared caregiving across generations and creating a family legacy.<\/span><\/p>\n

In 2024, an estimated 17% of U.S. homebuyers purchased a residence with the intent to house multiple generations, according to an April 2025 report by the National Association of REALTORS\u00ae (NAR). The report defines a multi- generational household as one that includes more than one adult generation, such as a couple living with their adult children or their own parents.<\/span><\/p>\n

\u201cMore and more families see a home as one of the best ways to pass down both wealth and values,\u201d says Rodd Macklin, co-founder and senior managing director, Pennington Partners & Co., LLC. \u201cWith roughly US$84 trillion expected to change hands down the generations in the U.S. over the next 20 years, people want that transfer to feel real and lasting. A house can do that. Unlike stocks or a business, \u2028a home has stories attached to it. It can become a place where weddings, holidays and traditions keep the legacy alive.\u201d<\/span><\/p>\n

Each generation thinks about multigenerational homes in different ways, Macklin says. Baby Boomers (those born 1946-64) often downsize their day-to-day living arrangements but keep a home where everyone can gather, while Generation X (born 1965-80) are increasingly providing for elderly parents and their adult children under one roof.<\/span><\/p>\n

Meanwhile, Millennials (born 1981-96) and Gen Z (born 1997-2012) prefer flexible living spaces rather than large houses. \u201cWhat\u2019s the same across all generations is that their homes give a sense of belonging. It\u2019s not just real estate,\u201d Macklin says. \u2028\u201cIt\u2019s where the family heartbeat is.\u201d<\/span><\/p>\n

\"This

This expansive property in Southampton, New York, dates \u2028to 1885 and has 13 bedrooms.<\/p><\/div>\n

Renewed interest in \u2028a traditional lifestyle<\/strong><\/h5>\n

At the turn of the 20th century, 57% of Americans over the age of 65 lived with their children, grandchildren or other family members, according to a July \u20282021 Generations United\u00ae report. Social Security, introduced in 1935, enabled more older adults to live independently, with the number of multigenerational homes slowly decreasing to approximately 7% in 2011.<\/span><\/p>\n

The COVID-19 pandemic, which \u2028began in 2020, was largely responsible for rekindling interest in multigenerational living, and by 2021 one in four adult Americans (aged 18 and older) were living in such a household\u2014a 271% rise over just a decade, the report found.<\/span><\/p>\n

The rise in adult children living \u2028with their parents is a primary driver \u2028for multigenerational living, according \u2028to another report released by NAR in \u2028May 2025. In 2024, 21% of respondents \u2028in the study said that adult children moving back home was a reason they had bought \u2028a multigenerational residence\u2014nearly double the 2015 figure (12%). Equally influential was the desire to spend time with or care for aging parents.<\/span><\/p>\n

Generation X is now driving the demand for shared housing<\/a>, accounting \u2028for 21% of homebuyers, up from 12% \u2028in 2014, according to NAR\u2019s research. \u2028The representation of Millennials among multigenerational homebuyers also grew, from 6% to 19%. At the same time, the proportion of Baby Boomer homebuyers stayed steady at 28%. <\/span><\/p>\n

\u201cWe are seeing this trend quite often now, from multiple age groups and for both new construction and renovations,\u201d says Bob Zuber, a partner at Morgante Wilson Architects in Chicago, Illinois. \u201cYounger couples who have maybe broken through into the luxury housing market are finding that it may be more economical for their parents to live with them instead of paying the high costs of independent living.\u201d<\/span><\/p>\n

John Young, global real estate advisor, Golden Gate Sotheby\u2019s International \u2028Realty, characterizes the homebuyers \u2028he encounters in his markets of Palo Alto \u2028and Silicon Valley in California as an active, hardworking group. \u201cThey perhaps have small children, and they\u2019re in a position to give a better life to their parents, who got them where they are,\u201d he says. <\/span><\/p>\n

In some cases, the younger generations look to their parents for ongoing advice. \u201cWhat I\u2019ve experienced with adult children and their parents is that they want their parents\u2019 input on whether or not a space would work for them,\u201d says Tammy Tinnerello, global real estate advisor, William Pitt Sotheby\u2019s International Realty in Connecticut. \u201cThey want their parents to be part of their lives.\u201d In addition, she says that there is \u2028an increased sense of caring for one another in families considering an investment in a multigenerational home.\u00a0<\/span><\/p>\n\t<\/div>\r\n<\/div>\r\n\r\n\r\n\r\n\n\t\t\t<\/div> \n\t\t<\/div>\n\t<\/div> \n<\/div><\/div>\r\n\t\t

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\u201cThe attitude tends to be: You raised us, and we\u2019ve got these great careers because you helped us through college and everything else. I don\u2019t know if it\u2019s related to the pandemic period, when people started spending more time with their families, but it is on a different level.\u201d Among high-net-worth individuals (HNWIs) the decision to purchase \u2028a multigenerational property is as much about family ties as it is about preserving \u2028a legacy, even though over time it\u2019s likely the property\u2019s value will appreciate, says John LeMieux, co-founder of Anton LeMieux, a wealth management firm \u2028based in Maine and Florida.<\/span><\/p>\n

\u201cAround the world, wealthy families have used property to preserve wealth for generations,\u201d adds Macklin. \u201cIn the U.S., we\u2019re seeing more of it now, often with limited liability companies, trusts or partnerships that make it easier to share costs and plan for taxes while letting the property grow in value. But it\u2019s also about having somewhere that ties everyone together. A ski place in Vail, Colorado, \u2028a beach house in Florida, or a home in the Hamptons, New York, often fills that role.\u201d<\/p>\n

Legacy often dominates conversations about buying a multigenerational home, particularly at higher price points\u2014and the most cohesive families align an emotional legacy of shared values and a sense of belonging with preserving and transferring wealth, Macklin says. \u201cA home is often the anchor where families come together, making it a natural place for conversations about prosperity,\u201d he says. \u201cAt the \u2028same time, it\u2019s a major asset that must \u2028be structured thoughtfully if it\u2019s going \u2028to last across generations.\u201d<\/span><\/p>\n

Wealthy families use legal and financial tools to ensure they preserve the value of \u2028a multigenerational home, but they don\u2019t stop there, Macklin says. \u201cThey also set clear expectations for use and make sure the property remains the gathering place that keeps the family\u2019s story and its values alive. These families treat the property almost like an enterprise. They\u2019ll set up informal boards or councils and hold regular meetings, often at the home \u2028itself, to talk about stewardship, costs \u2028and long-term goals. These gatherings double as family reunions and structured conversations, which is why the home continues to be both an appreciating \u2028asset and a unifying tradition.\u201d<\/span><\/p>\n\t<\/div>\r\n<\/div>\r\n\r\n\r\n\r\n\n\t\t\t<\/div> \n\t\t<\/div>\n\t<\/div> \n\n\t

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The demographics of multigenerational homebuyers<\/strong>
\nSource: National Association of REALTORS\u00ae, \u201c2025 Home Buyers \u2028and Sellers Generational Trends Report,\u201d April 2025<\/em><\/span><\/p>\n

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Multigenerational home purchases in 2023-24<\/strong>
\nSource: National Association of REALTORS\u00ae, \u201c2025 Home Buyers \u2028and Sellers Generational Trends Report,\u201d April 2025<\/em><\/span><\/p>\n\t<\/div>\r\n<\/div>\r\n\r\n\r\n\r\n\n\t\t\t<\/div> \n\t\t<\/div>\n\t<\/div> \n<\/div><\/div>\r\n\t\t

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\"Panorama,

Panorama, a rare private estate on the Greek island of Mykonos, offers uninterrupted Aegean views.<\/p><\/div>\n

A global perspective<\/strong><\/h5>\n

Outside the U.S., multigenerational living \u2028is making a similar comeback, especially \u2028in countries that have a cultural heritage \u2028of honoring and valuing the older members \u2028of their families.<\/span><\/p>\n

\u201cIn Japan, the idea of a family \u2028living together has profound roots,\u201d \u2028says Kantaro Aoki, global real estate advisor, List Sotheby\u2019s International \u2028Realty, Japan. \u201cHistorically, it was common for the grandparents, parents and children to live together in the same household, especially in rural areas. Although the nuclear family became more common \u2028in the postwar years, the trend toward multigenerational homes is re-emerging.\u201d<\/span><\/p>\n

Two key factors are contributing to the increased demand for multigenerational homes, he says: the functional benefits of keeping extended family members nearby for childcare, eldercare or shared daily responsibilities, and the long-term strategy of maintaining family-owned properties across generations.<\/span><\/p>\n

Multigenerational homes are \u2028common in Brazil, but the reasons for \u2028their popularity among high-net-worth households are changing. \u201cTraditional family values continue to shape how homebuyers envision their homes, \u2028but in a more nuanced and evolved \u2028way,\u201d says Renata Victorino, general \u2028sales director, Bossa Nova Sotheby\u2019s International Realty, in S\u00e3o Paulo, \u2028Brazil. \u201cHistorically, Brazilians lived in multigenerational homes out of necessity. Today, the concept has transformed. \u2028The desire for closeness and family connection remains, but it is now paired with a strong emphasis on individual autonomy and quality of life.\u201d<\/span><\/p>\n

In Greece, the motivations among \u2028the wealthiest domestic homebuyers \u2028\u201care deeply personal rather than financial\u2014\u2028they buy homes to live in, enjoy, and \u2028share with family, not for international capital placement or speculative gain,\u201d according to a 2025 report by Greece Sotheby\u2019s International Realty.<\/span><\/p>\n

What homebuyers want<\/strong><\/h5>\n

The desire to create a place for the family to come together is a prime driver for the multigenerational trend in higher price brackets. Location, purpose, architecture, land availability and cultural norms play into what makes a property ideal for several generations.<\/span><\/p>\n

\u201cThoughtful planning by an architect \u2028of how people want to live is the difference between successful intergenerational living and a big house,\u201d says Zuber, who is a strong proponent of what he dubs \u201caway space.\u201d<\/span><\/p>\n

\u201cThink rec rooms, sitting rooms, separate entry points if necessary, reading nooks and playrooms. Not everyone wants or needs to be surrounded by family members at all times. Dividing up a shared place cleverly can allow older folks to have a feeling of independence from their adult children and grandkids\u2014features such as kitchenettes or separate TV rooms and sitting areas mean they can have meals and evenings on their own if they want.\u201d<\/span><\/p>\n

Even before the pandemic, architects were designing homes with dedicated spaces for the older or younger generations. Today, many high-end \u2028builders offer options such as a guest \u2028suite incorporating a kitchen, living \u2028area, bedroom, bathroom and laundry \u2028area to accommodate multiple \u2028generations in one home.<\/span><\/p>\n

\n“Each family has its own special needs, which means each house can be a better or less suitable fit for them.”<\/strong>
\n<\/span>-John Young, Global Real Estate Advisor, Golden Gate Sotheby\u2019s International Realty<\/em>\n<\/p><\/blockquote>\n

At higher price points, the term \u201cmultigenerational living\u201d encompasses \u2028a diverse range of options, from single- family homes with integrated spaces \u2028for extended family to larger properties with multiple dwellings or homes located nearby but not on the same piece of land. \u2028In some instances, having an accessory dwelling unit (ADU) in the backyard can \u2028be an acceptable compromise.<\/span><\/p>\n

However, Young says, many clients, particularly those from overseas, want \u2028to take active care of older relatives. \u2028\u201cSome families feel that an ADU is too \u2028far away,\u201d Young says. \u201cEven if only for \u2028a two-month visit, some foreign homebuyers want to have a bedroom on the ground \u2028floor, with the rest of the family upstairs.\u201d<\/span><\/p>\n

A traditional solution is an apartment or suite on a level below ground. \u201cThat works fine if you\u2019ve got mobility,\u201d Young says. \u201cIt\u2019s great for a teenager who wants \u2028a bit of distance. But it\u2019s a question mark for aging parents who might have concerns with stairs. Each family has its own special needs, which means each house can be \u2028a better or less suitable fit for them.\u201d<\/span><\/p>\n

\u201cFor younger families building or renovating homes there is a lot of interest in including \u2018in-law\u2019 suites with a bit of privacy from the main areas of the home,\u201d says Zuber. In a more urban location, \u2028such as Miami, Florida, or New York City, \u2028a strategy of purchasing two adjacent townhouses or condos might better fulfill the desire for a multigenerational property.<\/span><\/p>\n

Finding the right property and \u2028meeting a homebuyer\u2019s vision can \u2028require \u201coutside-the-box thinking,\u201d\u2028which Tinnerello considers essential.<\/span><\/p>\n

\"It

It is common in Brazil for several generations of a family to occupy the same house. This property in S\u00e3o Paulo has five bedrooms and five bathrooms.<\/p><\/div>\n

\u201cThere is no drop-down menu option for multi-generational homes on the multiple listing service. You actually have to put it \u2028in the\u2006verbiage and describe the property as suitable for multiple generations.\u201d In Japan, families today are seeking designs that respect both traditional \u2028and modern lifestyles, and homes that \u2028will allow grandparents and parents \u2028to live closely together while still maintaining their independence, \u2028Aoki says.<\/span><\/p>\n

In Tokyo\u2019s luxury market, multi- generational homes are often tailor-made. They may be large urban residences or condominiums designed with several separate suites, complete with private entrances or entire wings for different family members.<\/span><\/p>\n

\u201cOutside the capital, in places such \u2028as suburban Tokyo or Kanagawa, or resort areas such as Karuizawa and Niseko, homebuyers tend to lean toward spacious detached homes or estates,\u201d he adds. \u201cThese often include multiple primary bedrooms, self-contained guest quarters and generous outdoor spaces. Scenic gardens or viewpoints are significant, \u2028as the home typically serves as a gathering place for the extended family.\u201d<\/span><\/p>\n

In Brazil, younger generations value their independence but like having emotional and logistical support from their families, says Victorino. Meanwhile, older people who are more active and financially independent want to preserve their privacy while staying close to their children and grandchildren. \u201cThis has created demand for properties that function as family compounds, whether in urban settings with independent but nearby units, attached guest residences or a second home that can serve as a natural gathering point.\u201d<\/span><\/p>\n

High demand has fueled an increasingly sophisticated supply of \u2028family compounds in the country that \u2028rival international resort standards, she adds. \u201cIn countryside communities these projects create self-sufficient ecosystems, where proximity to nature blends seamlessly with urban comforts. Usually located within a two-hour drive of Brazil\u2019s major cities, they allow people to enjoy \u2028a superior quality of life\u2014ample space, security and nature without losing access to essentials like international schools, top-tier hospitals and luxury shopping.\u201d <\/span><\/p>\n\t<\/div>\r\n<\/div>\r\n\r\n\r\n\r\n\n\t\t\t<\/div> \n\t\t<\/div>\n\t<\/div> \n<\/div><\/div>\r\n\t\t

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Building generational real-estate wealth<\/strong><\/h5>\n

Multigenerational housing doesn\u2019t look \u2028the same for everyone, Macklin says. \u201cIt might include a ski house, beach house \u2028or mountain lodge that everyone uses at different times of the year. It could involve multiple structures on the same piece of land. Another example is a vineyard, ranch or historic home that doubles as a place to gather and also produces income.\u201d<\/span><\/p>\n

Generational housing takes many forms within the luxury real estate market, says Sandra Wendland, global real estate advisor, Legacy Sotheby\u2019s International Realty in Portland, Maine. \u201cSometimes \u2028it\u2019s a lakefront property, sometimes oceanfront or even island compounds, because it goes back to the family seeking meaningful time together with extended family and friends. Those homebuyers \u2028are often drawn to properties featuring multiple dwellings that provide ample space for everyone to gather.\u201d<\/span><\/p>\n\t<\/div>\r\n<\/div>\r\n\r\n\r\n\r\n\n\t\t\t<\/div> \n\t\t<\/div>\n\t<\/div> \n\n\t

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\"In

In Tokyo, Japan, luxury homes \u2028are often tailor-made, such as this three-story residence in Meguro-Ku.<\/p><\/div>\n\t<\/div>\r\n<\/div>\r\n\r\n\r\n\r\n\n\t\t\t<\/div> \n\t\t<\/div>\n\t<\/div> \n<\/div><\/div>\r\n\t\t

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Although creating a family legacy \u2028may not be explicitly stated, it is a goal for many homebuyers, particularly those in the market for vacation homes. Wendland cites the example of a seasonal lake property comprising a main lodge, \u2028two cabins and a garage apartment.<\/span><\/p>\n

\u201cThe client was a family from the Midwest looking for a special retreat where their children, parents and eventually grandchildren could come together,\u201d she says. \u201cThis property had already served \u2028as a cherished gathering place for building long-lasting family memories, a tradition the previous owner upheld for 70 years. \u2028To see a property go from one extended family to another with the same intent is not uncommon, especially in Maine.\u201d<\/span><\/p>\n

One of her recent transactions \u2013 \u2028a lakefront property near the base of a ski resort \u2013 included the buyer\u2019s mother, who had grown up skiing there. \u201cShe was elated to be able to enjoy the mountain and lake with her grandchildren,\u201d says Wendland. \u201cThe former owner had built the property 50 years ago for his own family.\u201d<\/span><\/p>\n

A place to unplug with the rest of the family<\/strong><\/h5>\n

Since every family is different, luxury multigenerational home purchases are made for diverse reasons. \u201cFrom the cultural aspect, I think the luxury end is really about unplugging and not having to be on all the time,\u201d says Margaret \u201cMeg\u201d Smith, global real estate advisor, Daniel Gale Sotheby\u2019s International Realty in Bay Shore, New York.<\/span><\/p>\n

This is a homebuyer profile she frequently sees on Fire Island, New York, which is considered a laid-back alternative to the Hamptons. This market offers a lot of multigenerational homes that are ideal for buyers who are purchasing with family in mind, she says.<\/span><\/p>\n

For example, Smith recently sold \u2028a property with three separate houses that had been reconstructed by architects so that one house was sited on the bay, one faced the ocean and the third was centered between them as an entertainment space. Two brothers thought it was a perfect property for them because each one could have their own home and they could bring their families together in the middle for dinner and relaxation, Smith says.<\/span><\/p>\n

\u201cWhat we learned from that transaction is that a lot of people who \u2028own houses in other parts of the country want a place where they and their family members can completely shut out the outside world and just be themselves, without having to worry about the hustle and bustle of their regular lives. They \u2028want to be surrounded by the people \u2028they cherish the most.\u201d<\/span><\/p>\n

Architectural changes can make it easier for extended families to share their lives without losing their privacy. \u2028\u201cFor example, a property that became known as the Three Sisters House in Islip, New York, involved dividing up a large home owned by one sister after the death of her spouse,\u201d Smith says. \u201cEach sister had her own space, and another portion became a space they shared.\u201d<\/span><\/p>\n\t<\/div>\r\n<\/div>\r\n\r\n\r\n\r\n\n\t\t\t<\/div> \n\t\t<\/div>\n\t<\/div> \n<\/div><\/div>\r\n\t\t

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\"This

This property in Avon, Colorado,\u2028is perfectly positioned for winter sports enthusiasts.<\/p><\/div>\n

Beware financial pitfalls<\/strong><\/h5>\n

As is common for most luxury transactions, homebuyers of multigenerational properties often pay in cash. What \u2028is different, though, is the need to determine how to divide responsibilities \u2028for the property\u2014such as taxes, insurance and maintenance costs\u2014if the house is owned by multiple generations.<\/span><\/p>\n

\u201cFinancing can present hurdles, since arrangements can become complex when multiple generations are involved, often requiring unconventional banking services,\u201d Aoki says. However, most high- net-worth homebuyers already have financial and estate planning advisors, often with an established trust, who can help navigate financial agreements. After \u2028a purchase in the U.S., homeowners can transfer the property to the trust with \u2028a \u201cquitclaim deed,\u201d a legal document used when transferring property without a sale. <\/span><\/p>\n

The future of multigenerational living<\/strong><\/h5>\n

As family ties are becoming increasingly valued and the population ages, interest \u2028in multigenerational living should continue to be strong. In the U.S., as more states and municipalities relax zoning laws regarding ADUs, more properties could \u2028be candidates for this type of housing. Maine recently adopted new regulations regarding ADUs on single-family properties, which \u201ccreates valuable opportunities for homeowners to expand their living spaces,\u201d says Wendland.<\/span><\/p>\n

In Brazil, Victorino says \u2028developers who recognize the demand \u2028for premium infrastructure with flexible multigenerational use will be at the forefront of a constantly evolving market, where luxury, convenience and a connection to nature define a new concept of home.<\/span><\/p>\n

Although comprehensive statistics \u2028for Japan are limited, since many multigenerational homes are custom- designed and rarely appear in public listings, Aoki believes the overall trajectory is evident. \u201cCompared to 10 years ago, demand has grown significantly, especially among affluent families seeking properties that can serve as lasting legacies,\u201d he says. \u201cIn response, developers are introducing dedicated projects tailored to this niche.\u201d<\/span><\/p>\n

In today\u2019s evolving landscape, the intersection of rising housing costs, more expensive eldercare and shifting family dynamics have created a sustainable market for luxury multigenerational properties. For affluent families, these purchases represent more than a lifestyle choice\u2014they are strategic investments that address multiple financial objectives while creating space for the family to thrive across generations.<\/span><\/p>\n

Whether they are for vacations with extended family or year-round living, multigenerational homes offer the chance to deepen family connections and create \u2028a lasting real estate legacy.\u00a0<\/span><\/p>\n

\n
Article originally shared by Sotheby’s International Realty in the 2026 Informe Perspectivas del Lujo<\/a>.<\/h6>\n\t<\/div>\r\n<\/div>\r\n\r\n\r\n\r\n\n\t\t\t<\/div> \n\t\t<\/div>\n\t<\/div> \n<\/div><\/div>","protected":false},"excerpt":{"rendered":"

Many luxury homebuyers are looking for properties that bring the whole family together. Home sharing is emerging as a significant trend in luxury real estate.<\/p>","protected":false},"author":237480086,"featured_media":5351,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"{title}\r\n\r\n{excerpt}\r\n\r\n{url}","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false,"jetpack_post_was_ever_published":false},"categories":[765166367,765166251],"tags":[765166368,765166370,318499075,765166375],"class_list":["post-5350","post","type-post","status-publish","format-standard","has-post-thumbnail","category-765166367","category-luxury-outlook-report","tag-2026-luxury-outlook","tag-global-real-estate-market","tag-liv-sothebys-international-realty","tag-multigenerational-homebuyers"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t