Estate property refers to a type of real estate that includes multiple residential or commercial properties, as well as other assets such as land, buildings and equipment. This term is commonly used when referring to large, expansive pieces of land with multiple structures on it, often associated with wealthy individuals or families who own the property for various purposes including recreation, investment or agriculture. Estate properties can also include smaller residential homes that are part of a larger community or development, where common areas and amenities are managed by an association or homeowner's group.