The luxury real estate market witnessed a remarkable year in 2024, with a cliffside mansion in Carpinteria, California, taking the crown as the most expensive home sale.
The $96 million property, an 8,000-square-foot Tuscan-style estate, offers breathtaking Pacific Ocean views and sits on three acres of pristine land, reported Forbes. This record-breaking sale tops Redfin’s annual list of priciest homes and underscores the enduring appeal of California’s coastal opulence. The lavish property, located just east of Santa Barbara, features five bedrooms and ten bathrooms, blending exclusivity and elegance in one of the most sought-after locations in the country.
Following closely, Aspen, Colorado, claimed the second spot with a $77 million sale of a sprawling 12,655-square-foot estate. This luxurious ski resort property includes eight bedrooms, nine-and-a-half bathrooms, and unparalleled mountain views. Its proximity to downtown Aspen—just a 15-minute drive—adds to its allure, making it a coveted retreat for affluent buyers.
Meanwhile, the third-highest sale, surprisingly located in Brooklyn, New York, fetched $75 million. The 1,250-square-foot Flatbush property, built in 1940, boasts a cozy yet luxurious design, featuring a gallery and spacious living room that hints at its potential for customization.
Miami also made a strong showing, with the fourth spot on the list going to a waterfront estate in Miami Beach. Sold for $72.2 million, this 12,552-square-foot property offers nine bedrooms, 11 bathrooms, and panoramic views of the Atlantic.
Aspen reappears in fifth place with a $66.5 million sale of a five-bedroom home spanning 6,180 square feet, further cementing the ski town’s reputation as a hub for luxury real estate.
From sprawling beachside mansions to mountain retreats, the diversity of these high-end properties highlights the varied preferences of today’s elite homebuyers. Luxury homes saw faster price appreciation than typical homes in 2024, with median luxury sale prices rising 9% to an all-time high.