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

A look at 714 Riverdale Avenue S.W. (bloomgroup.ca/Anne Clarke-Davidson/Calgary Real Estate Photos)

The Calgary Real Estate Board says home sales in the city declined 11.6 per cent in July compared with last year as inventory grew to levels not seen since before the pandemic.

The board says 2,099 homes changed hands last month compared with 2,374 sales in July 2024, attributing the decrease to factors such as persistent economic uncertainty due to tariffs, the lack of further reductions in lending rates and added competition from the new home market.

There were 3,911 new listings on the market last month, up 8.6 per cent from a year earlier, as the city’s inventory reached 6,917 homes for sale — a 66.1 per cent surge.

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The board says additional supply has weighed on home prices in some parts of the city.

The residential benchmark price was $582,900 last month, a 3.9 per cent decrease from July 2024.

But CREB chief economist Ann-Marie Lurie says price declines are not occurring across all property types in all locations of the city — with the steepest price drops seen in apartment and row style homes — and “even where there have been declines, it has not erased all the gains made over the past several years.”

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’s 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 on 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 91 days.

$7.8M Elbow Park Mansion

Built in 2009, this 3,343-square-foot home along the Elbow River sits on a tree-lined street close to the bustling downtown core.

It has four total bedrooms – one above grade and three below – and five total bathrooms.

Designed by architect Mark Burkart and built by Mission Custom Homes, the home features a grand front courtyard with a reflecting pool.

It has an elevator, 19-foot ceilings in the great room, a limestone fireplace and a 30-foot retractable glass wall that opens to a rear terrace overlooking the Elbow River.

The terrace has phantom screens, infrared heaters and built-in speakers that the listing says make it “perfect for year-round enjoyment.”

The single-storey home is located at 714 Riverdale Avenue S.W.

It has been listed on Realtor.ca for 30 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 317 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 91 days.

$5.99 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 135 days.

- With files from The Canadian Press