Calgary’s 5 most expensive homes for sale right now (June 2025)

A look at 1118 Premier Way S.W. in Calgary, Alta. (Mary Lou McCormick homes)

The Calgary Real Estate Board says home sales in the city dropped 17 per cent in May compared with last year as economic uncertainty continues to weigh on the housing market, while new listings and inventory were up.

The board says 2,568 homes were sold in May.

CREB chief economist Ann-Marie Lurie says the recent pullback in sales and a build up of inventory have helped shift the market toward balanced conditions and has taken the pressure off prices.

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There were 4,842 new listings on the market last month, up 11.6 per cent from a year earlier, as the city’s inventory reached 6,740 homes for sale — relatively balanced with 2.6 months of supply.

The board says recent inventory gains have created pockets of the market that are struggling with too much supply, while other areas are seeing low levels of inventory compared with demand, causing divergent home prices.

The residential benchmark price was $589,900 last month, marking a nearly three per cent decrease from May 2024 levels.

Dreaming of owning a lavish new home?

Here are the city’s five most expensive already-constructed residential homes for sale as of June 2, 2025, according to Realtor.ca:

$13.5M mansion on Crescent Road

Calgary most expensive home for sale is a mansion sitting on a prestigious stretch of road in the city’s northwest.

The 8,700-square-foot home was built in 2022 by Maillot Homes and features six total bedrooms (four above grade and two below), 10 bathrooms and three half-baths.

The home is seated along Crescent Road N.W, in the community of Rosedale, and features an unobstructed view of the city’s downtown skyline.

The outside of the mansion is clad in white Turkish limestone, while the inside was decorated by Julie Lanctot at Paul Lavoie Interior Design, who took inspiration from Alice in Wonderland.

The 2.5-storey home is located at 732 Crescent Road N.W.

It has been listed on Realtor.ca for 18 days.

$7.25M Eagle Ridge bungalow

This gated home in Eagle Ridge sits on a sprawling double lot.

Built in 1971, the home has four above-grade bedrooms and one below grade, plus seven bathrooms.

“Once you step inside past the hand-chiselled walnut doors, you are greeted by a grand foyer that sets the tone for the splendor that awaits,” states the listing.

“The main rooms are nothing short of magnificent, boasting expansive dimensions and exquisite finishes.”

The home may be of interest to culinary enthusiasts due to its walk-in cooler, gas cooktop, double ovens and commercial-grade appliances.

“Whether you’re hosting a grand gala or preparing an intimate meal for loved ones, this culinary haven is sure to impress.”

The bungalow is located at 40 Eagle Ridge Pl. S.W.

It has been listed on Realtor.ca for 243 days.

$6.5M mansion in Upper Mount Royal

This mansion in Upper Mount Royal was built in 2014 and includes five total bedrooms (four above grade and one below grade) and eight total bathrooms (six full and two half-baths).

The fully furnished home is 5,098 square feet and, according to the listing on Realtor.ca, offers “the ultimate blend of family functionality and elevated entertaining.”

“From the moment you step inside, you’re greeted by a dramatic grand staircase set beneath an expansive skylight, flooding the entry with natural light and setting the stage for the architectural elegance found throughout,” states the listing.

“Every space is a masterclass in luxury, designed by renowned interior designer Paul Lavoie and awarded Western Living’s Best Home of the Year in 2022.”

The two-storey home is located at 1118 Premier Way S.W.

It has been listed on Realtor.ca for 17 days.

$6.3M Bel-Aire estate

Nestled into a 0.30-acre lot, this 5,817-square-foot home is surrounded by the Calgary Golf & Country Club, the Glenmore Reservoir and the Elbow River valley.

Built in 2003, it has three bedrooms, seven bathrooms and three half-baths.

“This one-of-a-kind estate offers an unparalleled fusion of modern design, natural elements and masterful craftsmanship,” states the listing.

The home’s outdoor lounge is accessible via multiple sliding glass doors and is accented by two six-foot fireplaces.

It has an outdoor pool with a power cover and is next to a covered outdoor kitchen.

The estate also has as a state-of-the-art home theatre, a gym and yoga studio, a wine wall and a chef’s kitchen with high-end cabinetry and top-tier appliances.

It also has a heated front driveway.

The two-storey home is located at 1016 Bel-Aire Drive S.W.

It has been listed on Realtor.ca for 61 days.

$6M West Springs mega mansion

This 9,032-square-foot-home sits atop a ridge on the western edge of the city and includes almost 10 acres of land.

“This magnificent custom concrete estate home exceeds all expectations,” says the listing.

It has four bedrooms, nine bathrooms and two half-baths.

The concrete castle, built in 2012, also has a home theatre, gym, indoor pool and hot tub, sauna and a five-car garage.

The two-storey home is located at 980 101 St. S.W.

It has been listed on Realtor.ca for 69 days.

- With files from The Canadian Press