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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 palatial Chateau Carnarvon, Houston's own Versailles.

    7497 On the Market 100 Carnarvon Chateau Carnarvon September 2014
    Photo by © Rob Muir
    The palatial Chateau Carnarvon, Houston's own Versailles.
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    in demand

    Houston leads the U.S. with the biggest surge in millionaire renters

    Amber Heckler
    Oct 16, 2026 | 2:30 pm
    Houston skyline downtown at night
    IdeasLaboratory.com
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    The number of millionaire renters and homeowners in the U.S. has surged over the last five years, and Houston has soared ahead of the rest of the country with the largest growth rate among these affluent renter households.

    Houston leads the nation with the No. 1 increase in millionaire renters from 2020 to 2024, a new RentCafe study found. The number of these wealthy households increased from 18 to 232 over the last five years, representing an impressive 1,189 percent growth rate.

    "The pandemic accelerated the shift as remote work pushed the wealthy to relocate to lower-tax metros like Houston, where millionaire renters grew 13-fold, versus 3.9-fold for owners," the report said. "Granted, 232 households is still a tiny fraction of the Houston metro’s roughly 2.7 million households, but the growth rate far outpaces any other major metro."

    Nationwide, the number of millionaire renter households grew 229 percent from 2020 to 2024, far outpacing the 193 percent growth rate among millionaire homeowners.

    Dallas was the only other Texas metro to crack the top 10. The number of millionaire renter households in North Texas has more than quintupled, from just 30 in 2020 to 165 in 2024. That represents a renter growth rate of 450 percent, which — surprisingly — is only the 8th highest nationwide.

    But when it comes to the largest populations of millionaire renters, New York City and San Francisco still lead the way. New York claimed the No. 1 spot with nearly 7,300 millionaire renters living in the city in 2024. Houston ranked 12th on that list.

    Elsewhere in Texas, Austin and Dallas ranked as the 16th and 17th, respectively, for the largest population of millionaire renters. There were 206 millionaire renters living in Austin in 2024, and 165 in Dallas.

    This is who the typical millionaire renter is
    The report also revealed a surprising statistic about the typical millionaire renter in the U.S. — a lot of them are millennials working in "white-collar, high-earning fields."

    "Nearly half (49 percent) of millionaire renters are Millennials, and the number of affluent Millennial renter households surged 392 percent during the five-year period," the report said. "Gen X follows with 33 percent of millionaire Gen X households renting after increasing by 147 percent."

    The report continued, "Although Gen Z still represents a small share of millionaire renters (just 2 percent of the total), no generation has expanded faster: Gen Z millionaire renter households leaped from fewer than a dozen to more than 400 — a tiny cohort today, but one that was virtually nonexistent five years ago."

    The top three most common professions for millionaire renters are chief executives, software developers, and managers, the report additionally found. In Houston, the surge of wealthy newcomers are mostly executives, professional athletes, and entertainers.

    "These roles tend to generate steady, substantial income without necessarily tying workers to one location, making renting a practical fit, rather than a financial necessity," the report said.

    Hotspots for millionaire homeowners
    In RentCafe's separate list comparing the top 10 most popular U.S. metros for millionaire homeowners, Houston ranked 12th nationally with 4,374 millioniare homeowners living in the metro as of 2024. These wealthy Houstonians are most likely working as chief executives, physicians, managers, and lawyers and judges.

    Houston has already proven to be a hotspot for millennial homebuyers, and the latest RentCafe data says millennials make up 19 percent of all millionaire homeowners in the U.S. Gen Xers and Baby Boomers still maintain the largest shares of millionaire homeowners nationwide, at 45 and 33 percent, respectively.

    Dallas (No. 10) and Austin (No. 20) also appeared among the hottest metros for millionaire homeowners.

    Only one Texas city appeared among RentCafe's list of the 20 fastest-growing metros for millionaire homeowners: College Station ranked 13th nationwide with a growth rate of 1,329 percent. From 2020-2024, the number of millionaire homeowners residing in College Station grew from 14 to 200.

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