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REAL ESTATE definition : 1. property in the form of land or buildings: 2. property in the form of land or buildings: 3…. Learn more. Real estate is a property consisting of land and the buildings on it, along with its natural resources such as growing crops (e.g. timber), minerals or water, and wild animals; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general. [1][2] In terms of law ... Real Estate Definition and Legal Meaning On this page, you'll find the legal definition and meaning of Real Estate , written in plain English, along with examples of how it is used. What is Real Estate ? (n) Real estate is defined as the land, buildings constructed in the land and every developments and growing attached to such property. Types of Real Estate Real estate encompasses several categories, each serving different purposes and markets. Residential real estate includes properties designed for people to live in. Examples are single-family homes, apartments, condominiums, townhouses, and vacation homes. Residential real estate offers living spaces for individuals and families. Commercial real estate includes properties used for business operations, including office spaces, retail locations, hotels, restaurants ...