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    Houston's $43 Million Mansion

    Houston's most expensive home ever: $43 million super mansion hits the market, shatters records

    Barbara Kuntz
    Barbara Kuntz
    Sep 26, 2014 | 12:23 pm

    Houston's own Versailles, a palatial Memorial-area chateau with 27,000-plus square feet of living space on a private, park-like 2.5 wooded acres, hits the market with a royal price tag of $43 million — the highest priced home ever listed in Houston.

    Known as Chateau Carnarvon, the Neoclassical marvel is designed for elegant entertaining and the display of museum-quality art right in the heart of the prestigious Bayou Woods area. Martha Turner Sotheby's International Realty is handling the listing.

    Indeed, that $43 million is more than twice the price tag of what previously were considered the city's most expensive homes.

    "Houston has some very expensive homes that have been built over the last 10 years or so," Martha Turner, founder and co-president of the real estate firm, says in a statement. "And we may be turning the corner as families put them on the market for the first time since they were built, giving us a whole new price and quality level that we haven't seen until now."

    Indeed, that $43 million is more than twice the price tag of what previously were considered the city's most expensive homes.

    The two-story entry sets the stage for extravagant living with white marble floors and inlaid mosaic decorative tiles. Luxurious appointments found throughout the manse include gilt and hand-painted decoration, meticulously reproduced period molding and inlaid, hand-scraped hardwood floors. Antique chandeliers hang above in many of the rooms, and marble fireplaces provide warmth inside as well as in outside entertaining areas.

    The residence features a Versailles room and salon, as well as grand gallery and reception hall. Formal dining, living and music rooms, as well as informal family, sun and breakfast areas are also highlighted. The kitchen complex includes an entertaining kitchen, catering kitchen, extensive butler’s pantry and office.

    The grounds extend the grandeur to the outdoors, where an enormous terrace overlooks the European-style manicured gardens lined with walkways for viewing. A swimming pool with loggia and summer kitchen adds to the atmosphere for living the life of the rich and famous.

    The formal living room.

    7387 On the Market 100 Carnarvon Chateau Carnarvon September 2014
      
    Photo by © Rob Muir
    The formal living room.
    home-for-sale
    news/real-estate

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    the benefits of renting

    Houston rockets to America's top spot in millionaire renter growth

    John Egan
    May 30, 2025 | 2:45 pm
    La Colombe d'Or 2021 exterior
    Photo courtesy of La Colombe d'Or
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    Sure, plenty of Houston millionaires own swanky homes in neighborhoods like River Oaks and Tanglewood. But in recent years, Houston has seen a huge spike in the number of millionaires opting to rent rather than own a place to live.

    A new report from apartment search website RentCafe ranks the Houston metro area as the fastest-growing U.S. market for millionaire renters. The number of local millionaire renters soared from just seven in 2019 to 179 in 2023, according to the report. Houston’s growth rate for that time period — nearly 2,500 percent — put it at No. 1 in the report’s ranking of millionaire-renter hotspots.

    “Many of today’s high-income renters live in metro areas … where the abundance of apartments as well as sky-high costs of homeownership make renting the more practical and cost-effective option,” RentCafe explains.

    The report largely attributes the nationwide 203 percent bump in millionaire-renter households to a 60 percent spike from 2019 to 2023 in the number of millionaire renters among millennials.

    RentCafe based its report on data from the Integrated Public Use Microdata Series (IPUMS) website.

    Looking at Houston’s millionaire-renter data another way, the region ranked 15th for the sheer number of households (179) occupied by millionaire renters in 2023, the report says.

    Still, the number of millionaire homeowners in Houston far outweighs the number of millionaire renters. The report tallied 3,050 local millionaire-owner households in 2023, earning it 12th place on the list of hotspots for millionaire owners.

    To the north, the Dallas-Fort Worth metro area appeared at No. 2 in the ranking of places seeing the biggest growth rate in millionaire renters from 2019 to 2023. The number of millionaire households in DFW soared more than 1,200 percent — from 14 in 2019 to 185 in 2023, according to the report. DFW ranked 14th for the number of millionaire-renter households in 2023.

    DFW earned 11th place in the ranking of the number of hotspots for millionaire owners (3,133).

    To the west, the Austin metro area landed at No. 19 for growth in the number of millionaire renters. That figure climbed from 90 in 2019 to 207 in 2023, or 130 percent, the report shows. Austin ranked 12th for the number of millionaire-renter households in 2023.

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