NAICS Code 531311-12 - Estates

Marketing Level - NAICS 8-Digit

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NAICS CODE 531311-12
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NAICS Code 531311-12 Description (8-Digit)

The Estates industry involves the management and maintenance of high-end residential properties, typically owned by wealthy individuals or families. These properties are often large and may include multiple buildings, extensive grounds, and various amenities such as pools, tennis courts, and guest houses. Estate managers are responsible for overseeing all aspects of the property, including maintenance, repairs, landscaping, and security. They may also be responsible for managing staff, such as housekeepers, gardeners, and security personnel.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 531311 page

Tools

Tools commonly used in the Estates industry for day-to-day tasks and operations.

  • Property management software
  • Accounting software
  • Landscaping equipment (e.g. lawn mowers, hedge trimmers)
  • Cleaning supplies
  • Security systems
  • Pool maintenance equipment
  • HVAC systems
  • Irrigation systems
  • Power tools (e.g. drills, saws)
  • Hand tools (e.g. hammers, screwdrivers)
  • Paint and painting supplies
  • Lighting fixtures and bulbs
  • Plumbing supplies
  • Electrical supplies
  • Fire safety equipment
  • Pest control supplies
  • Furniture and decor

Industry Examples of Estates

Common products and services typical of NAICS Code 531311-12, illustrating the main business activities and contributions to the market.

  • Luxury estates
  • Historic estates
  • Celebrity estates
  • Private island estates
  • Equestrian estates
  • Waterfront estates
  • Mountain estates
  • Vineyard estates
  • Gated community estates
  • Golf course estates

History

A concise historical narrative of NAICS Code 531311-12 covering global milestones and recent developments within the United States.

  • The Estates industry has a long and rich history dating back to ancient times. In ancient Rome, wealthy citizens owned large estates that were managed by slaves. During the Middle Ages, feudal lords owned vast estates that were worked by serfs. In the United States, the Estates industry began to take shape in the late 19th century when wealthy families began to purchase large tracts of land for recreational purposes. The industry continued to grow throughout the 20th century, with the development of gated communities, luxury resorts, and private clubs. In recent years, the industry has been impacted by the rise of vacation rental platforms like Airbnb and the increasing popularity of experiential travel. In the United States, the Estates industry has undergone significant changes in recent years. The 2008 financial crisis had a major impact on the industry, with many high-end properties going into foreclosure. However, the industry has since rebounded, with a growing number of wealthy individuals investing in luxury real estate. The industry has also been impacted by changing consumer preferences, with many buyers seeking out properties that offer unique experiences and amenities. In response, many Estates developers have begun to incorporate features like private golf courses, equestrian facilities, and wellness centers into their properties.