penthouse

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Penthouse

A luxury apartment on the top floor of a high-rise building. Penthouses often take up multiple floors and are as large as or larger than some houses. Penthouses are very expensive and are marketed to the wealthy.
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penthouse

Originally, a home built on the roof of a high-rise building, giving the occupant complete privacy. By definition, each building could have only one penthouse. Today, the word is used for any number of apartments or condos on the topmost floors of a building, usually finished out in a very luxurious manner.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.