WHEN Gerrie Schmidt saw a luxurious single-family home development being built in her neighborhood “I lusted after it immediately,” she said.
She and her husband, Bob, waited for their children to be out of the house before buying a 3-bedroom house, with Jacuzzi, Palladian windows and extraordinary views. The development, The Highlands at Riverwoods in Mount Kisco in Westchester County, is geared to buyers like the Schmidts.
They are called “baby boomer empty-nesters,” and developers are targeting them as the next fertile market for new housing. Their age can range anywhere from 45 to 55, their children have left for college and they are free for the first time since the 60’s and 70’s.
“This is our yuppie period,” said Ms. Schmidt, who has just turned 50. “For 18 years, we thought we had to have a house geared to the kids. Now we’re being self-indulgent. There’s enough room for when the children visit, but this house is for us.”