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    Buying A Castle

    Own your own castle: Historic spot goes on sale for only $49 million

    Barbara Kuntz
    Barbara Kunz
    May 14, 2014 | 8:26 am

    Editor's Note: Houston, the surrounding areas and beyond are loaded with must-have houses for sale in all shapes, sizes and price ranges. In this continuing series, CultureMap snoops through some of the best and gives you the lowdown on what's hot on the market.

    The royal life is yours at Castel Valer, an 80-room historic landmark sitting at the feet of northern Italy's Dolomite Alps near Verona and now on sale as a family compound, a luxury boutique hotel, an event venue or a corporate retreat — for the regal price tag of $49 million.

    A bit of history

    Castel Valer has stood as an iconic presence in the Verona region since the days of the Roman Empire. In fact, an ancient Roman road still passes beneath the castle at the mountain’s base. A single noble family has called the villa home since the 14th century.

    Castel Valer guards the entrance to the fabled Val di Non, a valley nestled against the mountains and where romance permeates the region. The classical love poet Catullus, whose sonnets were favored by Julius Caesar, was born in Verona in 82 B.C. More than 1,500 years later, William Shakespeare wrote his star-crossed lovers Romeo and Juliet into the city’s legend.

    The views are breathtaking in all directions, with 13 acres of forest and nine acres of apple orchards — all set against the background of the magnificent Alps.

    In 1776, Mozart composed a mass commemorating the investiture of a member of Castel Valer’s family as Archbishop of Salzburg. During World War II, German and Italian forces turned the castle into an officers’ command center, sparing it significant damage.

    The castle’s octagonal granite tower, the 130-foot-tall standout structure in Val di Non, was erected in the 12th century. During the next 500 years, Castel Valer grew around the tower in two separate additions, each with its own courtyard and loggias, to reach present-day proportions in the mid-17th century.

    Substantial 21st century renovations bring modern standards of elegance and luxury while preserving the Gothic frescoes and Romanesque, Gothic and Baroque architectural features. Interior furnishings, with several exclusions, are part of the sale and include antique furniture, paintings, chandeliers, Venetian mirrors and carpets.

    Castel Valer is easily accessible from two airports in Bolzano and Verona.

    A walk through
    An impressive portcullis or heavy iron gate welcomes home owners — or castle dwellers — inside. The 1,300 square-foot Knights' Hall with a late-Gothic wooden ceiling serves as the center hub for gatherings and meals. Four modern kitchens, plus a restored antique kitchen, offer plenty of space for cooking.

    The castle features Medieval and Baroque sections with separate courtyards connected by passages. Archways and loggias are found throughout the compound. In fact, 2.5 acres of Castel Valer are terraced gardens with views of Val di Non.

    Two-story ceilings in salons, inlay wood floors in some of the 15 bedrooms and two chapels with late-Gothic frescoes are just a few more of the significant elements. Sixteen restored porcelain room stoves dating from the 16th to the 18th centuries, in addition to two new heating systems, provide warmth for the castle. A large wine cellar is at hand, as is a sauna.

    Step outside
    The views are breathtaking in all directions, with 13 acres of forest and nine acres of apple orchards — all set against the background of the magnificent Alps. A swimming pool at terrace level overlooks the valley, and former stables, now elegantly appointed, are perfect for large parties.

    An 18-hole golf course is nearby, as is the world-famous ski region, Madonna di Campiglio.

    Square footage: 35,521 square feet on almost 25 acres

    Asking price: $49 million

    Listing agent: Ursula Muenzel, Beth Wolff Realtors, Real Living

    Welcome to Castel Valer.

    On the Market Castel Valer in northern Italy near Milan May 2014 day view
    Photo courtesy of Beth Wolff Realtors
    Welcome to Castel Valer.
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    news/real-estate

    THE AMERICAN DREAM

    How long it takes to save for a home down payment in Houston

    Brandon Watson
    Dec 30, 2025 | 12:30 pm
    Home for sale sold sign
    iStock
    Houstonians don't have to save long to afford a down payment.

    Saving for a down payment remains one of the biggest barriers to homeownership nationwide, but a new report from Realtor.com shows San Antonio area buyers face a far shorter wait than most Americans.

    According to the real estate site’s 2025 analysis, the typical U.S. household needs seven years to save for a standard down payment, a notable improvement from the 12-year peak in 2022. Still, the timeline remains roughly double the pre-pandemic norm, reflecting higher home prices, larger down payments, and lower household savings rates.

    Houston, however, stood out as one of the most accessible major metros in the nation. The Houston-Pasadena-The Woodlands metro boasted one of the shortest time sto save for a down payment among the nation’s 50 largest markets, with households needing just 3.5 years to reach a typical down payment, according to the study.

    The report found that Houston’s median down payment from January through November was $14,927. A median household income of $83,452 was estimated to produce an annual savings of $4,228. Notably, San Antonio, the only other Texas city included in the report, had the shortest time to save for a down payment at just 1.3 years.

    Nationally, the time needed to save has shortened as home price growth cooled and affordability modestly improved. Still, saving for a down payment takes significantly longer than it did before the pandemic.

    “Higher home prices and intensified competition have pushed typical down payments higher, at the same time that inflation and rising household expenses have reduced savings rates,” said Danielle Hale, chief economist at Realtor.com, in a release. “Although conditions have improved since 2022, today’s timeline shows that saving for a home takes meaningfully longer than it did before the pandemic, especially in high-cost markets.”

    Lower savings rates have played a key role. The U.S. personal savings rate has averaged 5.1 percent of income so far in 2025, down from the pre-pandemic norm of 6.5 percent, limiting how quickly households can build funds for upfront housing costs. Meanwhile, the typical down payment has more than doubled over the past six years — rising from about $13,900 in the third quarter of 2019 to $30,400 in the third quarter of 2025.

    In high-cost coastal metros, the impact is far more severe. Saving for a down payment can take 20 to more than 35 years in California cities like San Francisco, San Jose, Los Angeles, and San Diego, effectively sidelining many first-time and moderate-income buyers.

    “In high-cost markets, the typical down payment alone exceeds a full year of household income,” said Hannah Jones, Realtor.com senior economic research analyst. “That reality makes homeownership feel unattainable for many buyers, particularly younger households trying to enter the market for the first time.”

    Despite those challenges, the report notes that roughly three-quarters of Americans still consider homeownership part of the American dream. Realtor.com says easing rents could help first-time buyers save more, while repeat buyers may use accumulated savings to reduce loan balances and manage higher monthly payments.

    “Saving consistently, even in small amounts, is a meaningful first step toward homeownership,” Jones said. “In today’s market, building that financial cushion can make a real difference when buyers are ready to act.”

    home marketeconomydown paymentshome ownershipreal estate
    news/real-estate
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