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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
References in periodicals archive ?
The design makes provisions for generous cross-ventilation, from the parking area to the penthouse.
Omniyat said the sale followed its 2017 record of selling Dubai's most expensive penthouse for $27.8m (AED102m) , which was also a part of One Palm.
Developers have dropped the price of a Manhattan triplex penthouse from $73.8 million to $62.8 million, according to Bloomberg.
Kunal Puri, group CEO and managing director of La Capitale Real Estate, considers penthouses as the Rolls Royce of luxury residences: regardless of market condition, there will always be buyers.
There are only a few projects by Zaha Hadid in the world offering penthouses and these all belong to the best of what the real estate market offers in the given country, said Jozef Scaronimek, head of sales and marketing at Penta Real Estate, as cited in the press release.The most expensive apartment is located on the 29th (the highest) floor of the first residential tower.
Four penthouses have been unveiled at Muraba Residences on the eastern crescent of the Palm Jumeirah.
Aldar Properties, Abu Dhabi's leading listed property development company, has launched the sale of 21 exclusive duplex penthouse apartments at Gate Towers, the Penthouse Collection, in Shams Abu Dhabi on Al Reem Island.
The release of the penthouses follows substantial sales success at Park Central, where Crest Nicholson has recorded more than double the average monthly sales in the region for November.
At press time we found 40 active penthouse listings in Sarasota County, with true penthouses ranging from a pied-a-terre two-story loft at Cityscape at Courthouse Centre ($350,000), to a world-class haven of luxury perched atop Beau Ciel ($7.7 million).
The first show penthouse at CALA's Britannic Park, Moseley sold for more than pounds 700,000 five years Ago.
"Penthouses are unique developments, with some developments only having one penthouse compared to hundreds of flats, so there will always be a premium on that," said Annette Gregory, sales director for Cardiff's Meadgate Homes.
It will be the first opportunity to view the penthouses.