The Calgary real estate market is experiencing notable fluctuations as of late. According to the Calgary Real Estate Board, home sales in September saw a sharp decline of 17.6% compared to last year's remarkable figures, totaling just 2,003 transactions. However, these numbers still reflect a 16% increase compared to long-term trends for the month.

In September, the benchmark price for all home types reached $596,900—slightly dipping from the previous month yet representing a healthy 5.5% increase from September 2023. The market witnessed an influx of new listings, with 3,687 fresh entries this past month—the highest September tally since 2008 and a 15.5% uptick from 2023. Inventory levels surged to 5,064 units, an impressive 49.7% increase year-over-year, although it's still below the typical 6,000 units expected in September.

With this backdrop, let's take a look at Calgary's five most expensive residential homes currently on the market as of October 1, 2024, sourced from Realtor.ca. Prepare to be dazzled!

1) $9.999 Million Rosedale Mansion

Nestled at 914 Crescent Road N.W., this breathtaking 6,148-square-foot abode boasts four bedrooms, seven bathrooms, and three partial bathrooms. Constructed in 2023, it features luxurious amenities such as an elevator, a golf simulator, five fireplaces, and a private hot tub with infrared heating. Notably, it offers a double-attached garage plus room for five additional vehicles—perfect for hosting lavish gatherings. This extraordinary home is a Rockwood-built masterpiece and has been on the market for 147 days.

2) $9.75 Million Pump Hill Castle

Situated at 19 Pump Hill Close S.W., this 10,600-square-foot gem captivates with its French-Provence-inspired architecture set on a 0.6-acre lot. With six bedrooms and twelve bathrooms, this home is an architectural dream adorned with custom chandeliers and exquisite light fixtures. The design reflects Italian craftsmanship and includes a heated nine-car garage. This luxurious property has been listed for 118 days.

3) $8.99 Million Historical Mansion in Upper Mount Royal

The historic Burns residence, located at 930 Prospect Avenue S.W., showcases the grandeur of 1912 architecture over its sprawling 5,298-square-foot layout. Once home to dignitaries, this estate features five bedrooms, six full bathrooms, and a stunning pool adjacent to a glass cabana that serves as a bar or greenhouse. Surrounded by lush landscaping, this treasure has graced the market for just 38 days.

4) $8.75 Million Upper Mount Royal Mansion

Designed by acclaimed architect Jeremy Sturgess, this stunning two-storey, 4,062-square-foot home at 1308 Montreal Avenue S.W. features an urban courtyard and is meticulously crafted with privacy in mind. With three bedrooms, four bathrooms, and a design that maximizes sunlight, this home is both stylish and functional. It has been on Realtor.ca for 102 days.

5) $7.9 Million Estate in Aspen Woods

At 44 Aspen Ridge Heights S.W., find this stunning 9,578-square-foot estate, the largest gated property in Aspen Heights. Featuring an opulent foyer with a Swarovski crystal chandelier and magnificent staircases, this residence redefines luxury living. Highlights include a fitness room, gourmet kitchen, home theatre, and lavish spa facilities, promising comfort and entertainment at every turn. Having been listed for 214 days, this stunning estate awaits its next fortunate owner.

Whether you're an eager buyer or an intrigued onlooker, Calgary's luxury real estate market is bustling with high-end options that are sure to impress. Don’t miss the chance to explore these breathtaking properties that define opulence in Calgary!