Are ‘Micro-Mansions’ the Next Big Thing?

First, there were micro-apartments,

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multifamily units defined by the Urban Land Institute as 400 square feet or less (depending on the market), with functional kitchens and bathrooms. Then came the so-called “tiny houses” — a trend so popular it’s given rise to at least four reality TV shows.

Now, Frank McKinney, a developer based in Delray Beach, Fla., is gambling that ultra-wealthy homebuyers will be interested in purchasing what he’s termed a micro-mansion: a 4,042-square-foot, ultra-luxury home now under construction in Ocean Ridge, Fla., a coastal community about 30 minutes south of Palm Beach.

McKinney’s target market: high-net-worth individuals who can afford a $10 million house, but would prefer their luxury and privacy in a smaller, more manageable space.

https://www.mansionglobal.com/articles/23527-are-frank-mckinney-s-micro-mansions-the-next-big-thing?mod=mansiongl_edit_outbrain_Dec