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Premium Residences is a feature that was added in the Beachside Lots Update 3.4.0 on March 14 2013. Beachside lots are twice the size of standard lots but they also cost more than a standard lot. The Beachside Escape is an exclusively premium lot.
The Premium Residences are big lots for houses. If the house is also available for Standard Residence, the other space will have some furniture. (ex. Medieval House will have some trees and leaves. Designer's home will have a small outdoor dining table)