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Calgary, AB T2H 2C3

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10 Most Expensive Homes for Sale in Red Deer

Explore Red Deer’s highest-priced residential listings, including distinctive detached homes, executive bungalows, custom residences and other high-end properties currently offered for sale.

Most expensive homes for sale in Red Deer Alberta

Explore the most expensive homes for sale in Red Deer and compare properties at the upper end of the city’s residential market. This page is focused on Red Deer’s highest-priced active listings rather than a fixed price bracket, so the homes shown can change as new properties enter the market or existing listings sell.

High-priced Red Deer real estate can vary considerably in property type, age, size and setting. Buyers may encounter substantial detached residences, executive bungalows, custom-built homes and distinctive properties where lot characteristics, construction quality, garage capacity, basement development and major mechanical systems are just as important as interior finishes.

  • Distinctive High-End Homes Compare architecture, floor plan, construction quality, renovations and major building systems rather than relying on asking price or square footage alone.
  • Executive & Custom Properties Upper-end Red Deer listings may include executive bungalows, custom homes, developed walkouts, premium kitchens and substantial finished living space.
  • Garages, Lots & Outdoor Space Look closely at garage dimensions, driveway capacity, landscaping, decks, patios, drainage, lot orientation and the ongoing maintenance associated with larger properties.

What Sets Red Deer’s Most Expensive Homes Apart?

The highest-priced properties in Red Deer are not necessarily similar homes. One listing may derive much of its value from a larger or unusual lot, privacy or redevelopment potential, while another may offer newer construction, extensive interior upgrades, substantial garage space or significantly more finished living area.

When comparing luxury properties, consider the entire home and site: lot characteristics, location, construction history, floor plan, exterior improvements, roofing, windows, heating and cooling systems, basement development and available property documentation.

For heavily renovated or customized homes, buyers should also identify what work has been completed, whether permits were required and whether specialized materials, mechanical systems or exterior improvements could affect future maintenance or replacement costs.

High-end property due diligence: Review title registrations, easements and restrictive covenants, the Real Property Report where applicable, renovation and development permits, roofing, windows, heating and cooling systems, drainage, grading and substantial exterior improvements. A separate entrance, second kitchen or developed lower level should not be assumed to be an approved legal secondary suite without independent verification.

Explore More Red Deer Real Estate

A high asking price does not automatically mean every feature is newer or maintenance-free. Established luxury homes may offer mature landscaping, developed basements, extensive garages and substantial outdoor improvements, while newer properties may provide contemporary layouts and current building systems. Comparing condition and future ownership costs is important in either case.

Interested in one of Red Deer’s highest-priced homes?

Send Diane the property address or MLS® number to request additional listing information or discuss arranging a private viewing.

Phone/Text: 403.397.3706

Email: diane@mypadcalgary.com

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10 Most Expensive Homes for Sale in Red Deer

10 Most Expensive Homes in Red Deer | Luxury Listings

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1-12/19
  • 2650 55 Street in Red Deer: Detached for sale : MLS®# A2299290

    2650 55 Street Red Deer T4P 0Y3
    Main Photo: 2650 55 Street in Red Deer: Detached for sale : MLS®# A2299290
    $4,200,000
    Residential
    Status:
    Active
    MLS® Num:
    A2299290
    Bedrooms:
    4
    Bathrooms:
    3
    Floor Area:
    4,080 sq. ft.
    Opportunities like this are rare—just under 3 acre acreage property located right within the City of Red Deer offering space, privacy, and exceptional future potential. Positioned just off Highway 11, this property benefits from excellent exposure and accessibility while still providing a private, established setting. Set on a generously sized parcel, the property features a large existing home surrounded by mature landscaping, creating a peaceful environment with the convenience of surrounding city amenities. What truly sets this property apart is its subdivision into two separate lots, opening the door to a wide range of possibilities. Whether you’re looking to hold as an investment, redevelop, or explore multi unit opportunities, the potential here is substantial. With the possibility for rezoning (subject to city approval), this site could accommodate additional residential development, townhomes, a gated community concept, or even select commercial uses such as a strip style retail development. The combination of location, land size, and flexibility makes this an attractive option for builders, developers, and investors alike. Properties offering this level of versatility within city limits are increasingly hard to find. A rare opportunity to secure a high visibility parcel with both immediate use and long term upside. More details
    Listed by Century 21 Bravo Realty
    DIANE RICHARDSON
  • 31 Ashley Close in Red Deer: Anders Park East Detached for sale : MLS®# A2300792

    31 Ashley Close Anders Park East Red Deer T4R 2X3
    Main Photo: 31 Ashley Close in Red Deer: Anders Park East Detached for sale : MLS®# A2300792
    $1,675,000
    Residential
    Status:
    Active
    MLS® Num:
    A2300792
    Bedrooms:
    5
    Bathrooms:
    5
    Floor Area:
    2,897 sq. ft.
    Acreage-style living in the city! This truly one-of-a-kind property offers exceptional space, luxury, and functionality, highlighted by two attached heated garages that are simply unmatched. The front garage measures 27' x 26' with impressive 11-foot ceilings, while the rear attached garage/shop/man cave spans over 1,800 sq ft and can accommodate six vehicles or more with the addition of lifts—perfect for car enthusiasts or hobbyists. There is ample room for boats, quads, sleds, or even a virtual golf setup, and it even includes its own bathroom. Situated on an oversized one-third acre lot at the end of a quiet close in desirable Anders, this home combines privacy with convenience. The location offers excellent walkability to parks, schools, shopping, and the Collicutt Centre. A large rear driveway provides additional parking, including space for RVs. The mature yard has been professionally designed and landscaped, creating a peaceful and private outdoor retreat. Built in a timeless Craftsman style by renowned builder Bowood Homes, this residence showcases exceptional attention to detail throughout. From the moment you arrive at the charming front veranda with custom brickwork, you’ll immediately appreciate the quality craftsmanship. Inside, the home offers a perfect balance of grandeur and warmth. The executive office at the front features stunning woodwork and a coffered ceiling, while the formal dining room with large windows and elegant wainscoting is ideal for hosting gatherings. The main floor boasts an open-concept layout designed for everyday living and entertaining, with expansive floor-to-ceiling windows that flood the space with natural light. Custom cabinetry by Sadona Cabinets is featured throughout, including beautifully integrated built-ins around the fireplace with a hidden, retractable TV. The chef-inspired kitchen offers abundant cabinetry, generous counter space, high-end appliances, and a convenient butler’s pantry. Premium finishes include granite and marble countertops and timeless fir hardwood flooring. Designed for flexibility, the main floor includes the primary bedroom and laundry. The primary suite overlooks the serene backyard and features a luxurious ensuite with an air tub and steam shower. Upstairs, you’ll find two spacious bedrooms with walk-in closets and a stunning open view to the main floor and beyond. The fully developed lower level is built for entertaining, complete with a theatre room (including screen, projector, and equipment), a custom bar with exquisite woodwork, dishwasher, bar fridge, and wine room, plus a large games area and cozy lounge with a rock-faced fireplace. Two additional bedrooms complete this level. Mechanical features are equally impressive, including a boiler system with ventilation, in-floor heating, and central air conditioning for year-round comfort. This home is ideal for buyers seeking exceptional craftsmanship, thoughtful design, and a property that truly supports every aspect of modern living. More details
    Listed by Century 21 Maximum
    DIANE RICHARDSON
  • 501 5002 55th Street in Red Deer: Railyards Apartment for sale : MLS®# A2330717

    501 5002 55th Street Railyards Red Deer T4N 7A4
    Main Photo: 501 5002 55th Street in Red Deer: Railyards Apartment for sale : MLS®# A2330717
    $1,595,000
    Residential
    Status:
    Active
    MLS® Num:
    A2330717
    Bedrooms:
    3
    Bathrooms:
    3
    Floor Area:
    5,209 sq. ft.
    A rare offering of uncompromising luxury, this extraordinary signature penthouse residence at Elements at the River is one of Red Deer’s most prestigious homes. Perfectly positioned along the banks of the Red Deer River, this remarkable residence blends timeless elegance with contemporary sophistication, creating an unparalleled lifestyle reserved for the discerning buyer. Encompassing over 5,300 sq. ft. of impeccably designed living space, the residence is framed by dramatic floor-to-ceiling windows that capture sweeping views of the Red Deer River, panoramic city views, and the surrounding landscape. Every detail has been thoughtfully curated, offering an exceptional balance of luxury, comfort, and architectural beauty. Featuring three spacious bedrooms, three bathrooms, a private office, and four private balconies, this home is truly without comparison in Central Alberta. Designed with entertaining in mind, the spectacular chef’s kitchen is the centrepiece of the home, showcasing custom walnut cabinetry, dual quartz islands for preparation and gathering, premium Wolf appliances, a Sub-Zero refrigerator, and a walk-in pantry. A formal dining room, casual dining area, and an impressive entertaining bar complete with wine refrigerators, dishwasher, cappuccino maker, and a private wine room, creating an unforgettable setting for hosting family and guests. The grand open-concept living room is anchored by a striking floor-to-ceiling fireplace, creating a warm yet sophisticated setting for everyday living and entertaining. Floor-to-ceiling windows frame breathtaking views of the Red Deer River, panoramic city views, and the surrounding landscape, while four private balconies provide exceptional outdoor living spaces to enjoy the ever-changing scenery. The primary suite is a luxurious private retreat, featuring a spacious sitting area, private terrace, double-sided fireplace, and an exquisite spa-inspired ensuite with a freestanding soaker tub, fully tiled walk-in shower, and dual vanities. Designed as a true sanctuary, it offers complete privacy, comfort, and sophistication. Residents enjoy exclusive access to a private fitness centre within this boutique, adult-only building. With only 10 residential suites in the five-storey tower, Elements at the River offers exceptional privacy, security, and prestige. Four heated, secure underground parking stalls and two private storage units complete this exceptional package. More than a residence, this is a legacy property—an exceptional expression of luxury, craftsmanship, and refined living, offering an unparalleled opportunity to own one of Red Deer’s most iconic penthouse homes. More details
    Listed by Coldwell Banker OnTrack Realty
    DIANE RICHARDSON
  • 6297 Cronquist Drive in Red Deer: Westlake Detached for sale : MLS®# A2329787

    6297 Cronquist Drive Westlake Red Deer T4N 1E2
    Main Photo: 6297 Cronquist Drive in Red Deer: Westlake Detached for sale : MLS®# A2329787
    $1,499,900
    Residential
    Status:
    Active
    MLS® Num:
    A2329787
    Bedrooms:
    5
    Bathrooms:
    5
    Floor Area:
    2,044 sq. ft.
    Welcome to 6297 Cronquist Drive, where impressive space, thoughtful design, and an incredible garage come together to create a truly one-of-a-kind property. Offering over 2,200 square feet, five bedrooms, three full bathrooms, and two convenient half baths, this home is perfectly suited for growing families, entertaining, or anyone looking for room to spread out. Step inside to soaring vaulted ceilings, rich hardwood flooring throughout the main living areas, and an abundance of natural light that fills the home. The kitchen is both stylish and functional, featuring beautiful granite countertops, a stunning tile backsplash, stainless steel appliances, and durable tile flooring. Just off the kitchen, you'll find a practical mudroom with a convenient two-piece bathroom and a separate laundry room. The spacious main floor office is perfect for the whole family to enjoy. The primary suite is a true retreat, highlighted by a striking brick feature wall with a cozy gas fireplace. A spacious walk-in closet with built-in organizers offers exceptional storage, while the luxurious five-piece ensuite features dual vanities, a relaxing jetted tub, and plenty of space to unwind. The fully finished lower level offers even more living space with two additional bedrooms, a large family and recreation room, a dedicated gym, a second laundry area, generous storage, and a beautifully appointed five-piece bathroom. Outside, you'll enjoy a private deck overlooking the green space, creating the perfect setting for relaxing or entertaining. One of the property's most remarkable features is the massive 2,200-square-foot garage. With room to comfortably accommodate up to 12 vehicles on the floor, this incredible space is ideal for car enthusiasts, hobbyists, business owners, or anyone in need of exceptional storage and workspace. Enjoy the beautiful two-tiered patio, which is the perfect retreat with complete privacy for entertaining friends and family. Complete with central air conditioning and an outstanding layout that combines comfort with functionality, this exceptional home offers a rare opportunity to own a property that truly stands apart. More details
    Listed by eXp Realty - Red Deer
    DIANE RICHARDSON
  • 54 Allard Crescent in Red Deer: Anders South Detached for sale : MLS®# A2345446

    54 Allard Crescent Anders South Red Deer T4R 3J2
    Main Photo: 54 Allard Crescent in Red Deer: Anders South Detached for sale : MLS®# A2345446
    $1,250,000
    Residential
    Status:
    Active
    MLS® Num:
    A2345446
    Bedrooms:
    5
    Bathrooms:
    4
    Floor Area:
    3,392 sq. ft.
    Welcome to 54 Allard Crescent, an impressive nearly 5,300 finished sq. ft. in this executive two-storey with 5 bedrooms, 4 bathrooms, a fully finished walkout basement, and an attached heated triple garage, backing onto the lake and green space in prestigious Anders on the Lake. Exceptional curb appeal features a stone and stucco exterior, concrete roof tiles, stamped concrete driveway, professional landscaping, and a handcrafted walnut front door. Inside, the grand open-concept main living area showcases raised ceilings, maple hardwood flooring, abundant natural light, and beautiful lake and green space views. The kitchen offers an abundance of custom knotty alder cabinetry, granite countertops, a gas cooktop with a custom range hood, and a large walk-through pantry with a second fridge. The spacious dining area, surrounded by windows, is perfect for large gatherings with family and friends while the stunning living room features a two-storey high coffered ceiling and a gas fireplace with stone surround, custom cabinetry, and shelving. A front office with a vaulted ceiling and custom cabinetry, a mudroom, laundry room, and 2-piece bathroom complete the main floor. Upstairs, the open hallway overlooks the main level and offers additional space for a reading area or office. The primary suite is a private retreat with hardwood flooring, a bay window with a bench overlooking the lake, and a double-sided gas fireplace shared with the ensuite, which features separate vanities, a centre soaker tub underneath a skylight, a steam shower, and access to the large walk-in closet. Two additional bedrooms with a Jack and Jill bathroom complete the upper level. The fully finished walkout basement offers an open family and theatre room, double-sided fireplace, large wet bar and games area, two additional bedrooms, a 4-piece bathroom, two storage areas, and a bonus room beneath the garage. Outside, enjoy an upper vinyl finished deck with a metal and glass railing, a covered stamped concrete patio, professionally landscaped yard, and a patio-stone fire pit area. Additional upgrades include central A/C, in-floor basement heating, water softener, permanent exterior perimeter lighting, and Hunter Douglas blinds. Located close to parks, playgrounds, schools, and amenities, this exceptional property combines lake views, space, luxury, and convenience in one of Red Deer's most sought-after communities. More details
    Listed by Century 21 Maximum
    DIANE RICHARDSON
  • 44 Everson Close in Red Deer: Evergreen Detached for sale : MLS®# A2346425

    44 Everson Close Evergreen Red Deer T4P 0X5
    Main Photo: 44 Everson Close in Red Deer: Evergreen Detached for sale : MLS®# A2346425
    $1,100,000
    Residential
    Status:
    Active
    MLS® Num:
    A2346425
    Bedrooms:
    4
    Bathrooms:
    3
    Floor Area:
    1,650 sq. ft.
    Dinner’s on, friends are gathered around the island, and nobody’s in a hurry to leave. Later, you head downstairs, pour a drink at the wet bar and open a panelled door your guests probably walked right past. Behind it? Your own hidden speakeasy ~ Built by Sorento Custom Homes, 44 Everson Close was the 2026 Red Deer Hospital Lottery Dream Home. Set on a corner lot in Evergreen, this bungalow offers 1,650 sq. ft. above grade, a fully finished basement and details that make spending time at home feel special ~ 10-foot ceilings and wide-plank hardwood lead from the vaulted entry into a living room framed by a wood-lined tray ceiling and a full-height white brick fireplace. It’s an inviting spot to settle in when the evening winds down, close enough to the kitchen to keep the conversation going ~ Cream cabinetry, a contrasting wood island and quartz countertops give the kitchen a warm, welcoming feel. Café appliances include a gas range, while three tall windows bring light across the farmhouse sink. The walk-through pantry has its own countertop, outlets and built-in microwave, so your coffee maker and other small appliances can stay out of the main kitchen. From the dining area, slide open the door to the vaulted three-season room. Bring your coffee, a book, or whoever’s staying for one more conversation. A door leads out to the open deck when you feel like stepping outside ~ The main-floor primary suite brings the same attention to everyday living. Beneath a vaulted ceiling with a wood beam, the bedroom connects to an ensuite with heated floors, a freestanding tub, double vanity and glass-enclosed shower with a built-in bench. The walk-in closet and laundry are connected, too, so clean clothes don’t have far to go. A bright den provides a separate place to work and could also serve as a fifth bedroom when needed, while the mudroom’s built-in bench, drawers and hooks give coats and boots a home. A main-floor half bath means guests won’t need to use your ensuite or head downstairs ~ Downstairs, 9-foot ceilings and in-floor heat make the family room somewhere you’ll want to spend time. There’s room for movie nights, a wet bar with a beverage fridge, and that hidden speakeasy with its darker walls, herringbone-pattern flooring and soft wall lighting. Three additional bedrooms and a full bathroom complete the lower level ~ Even coming home in winter has been considered. The finished triple attached garage has in-floor heat and two floor drains. On-demand hot water and built-in speakers throughout the home add to the everyday comforts. Outside, a covered front porch overlooks the lawn, with Evergreen’s ponds and walking paths nearby. More details
    Listed by KIC Realty
    DIANE RICHARDSON
  • 29 Longmire Close in Red Deer: Laredo Detached for sale : MLS®# A2330356

    29 Longmire Close Laredo Red Deer T4R 0S7
    Main Photo: 29 Longmire Close in Red Deer: Laredo Detached for sale : MLS®# A2330356
    $1,100,000
    Residential
    Status:
    Active
    MLS® Num:
    A2330356
    Bedrooms:
    5
    Bathrooms:
    4
    Floor Area:
    2,540 sq. ft.
    Welcome to one of Laredo's most exceptional luxury residences, perfectly positioned on a quiet close and backing directly onto a protected pond, permanent green space and Red Deer's renowned trail system. Built by award-winning Larkaun Homes, this impeccably crafted two-storey offers over 3,360 sq. ft. of exquisitely finished living space where timeless elegance meets uncompromising quality. From the breathtaking 18-foot open-to-above foyer to the spectacular floor-to-ceiling limestone fireplace, every detail has been thoughtfully curated. Expansive windows bathe the home in natural light while framing picturesque views that change beautifully with the seasons. The chef-inspired kitchen is a true showpiece featuring premium Bosch & Miele appliances including a 36" gas cooktop, built-in wall oven, custom maple cabinetry, quartz countertops, a Kindred Mythos granite sink, subway tile backsplash, custom buffet, walk-through pantry and designer lighting throughout. The architectural staircase with floating open risers and glass railings leads to an impressive upper level highlighted by a stunning bonus room enclosed by a dramatic floor-to-ceiling glass wall. The luxurious primary retreat is nothing short of a private spa, complete with heated tile floors, a steam shower with full-height glass, bench seating, soaker tub, dual vanity and a beautifully organized walk-in closet. Two additional bedrooms, a full bath and an upper laundry room complete this level. The professionally finished basement expands the home's exceptional living space with 9-foot ceilings, an expansive recreation room, elegant wine bar, additional dry bar with refrigerator, two generous bedrooms and another full bathroom—perfect for guests, teenagers or multi-generational living. Luxury continues beyond the interior with a fully finished, heated 25' x 25'6" garage featuring floor drains, oversized doors and ample room for vehicles, toys and workshop space. Step outside to your screened, covered deck with overhead heater, creating the ultimate three-season outdoor retreat overlooking tranquil water, mature green space and abundant wildlife. A private gate provides direct access to kilometres of scenic walking and biking trails. Laredo is one of Red Deer's premier executive communities, celebrated for its beautiful parks, ponds, playgrounds, extensive pathway network and family-friendly atmosphere while offering quick access to schools, shopping, restaurants, recreation facilities and major commuter routes. This is far more than a home—it is an extraordinary lifestyle opportunity where luxury, nature and everyday convenience come together in one of Red Deer's most coveted locations. More details
    Listed by CIR Realty
    DIANE RICHARDSON
  • 77 Grove Close in Red Deer: Garden Heights Detached for sale : MLS®# A2336928

    77 Grove Close Garden Heights Red Deer T4P 0P4
    Main Photo: 77 Grove Close in Red Deer: Garden Heights Detached for sale : MLS®# A2336928
    $1,050,000
    Residential
    Status:
    Active
    MLS® Num:
    A2336928
    Bedrooms:
    5
    Bathrooms:
    4
    Floor Area:
    1,857 sq. ft.
    Welcome to 77 Grove Close, a beautifully designed bungalow offering just over 1,800 sq. ft. of comfortable, thoughtfully designed living space. As you step through the front door, you’re greeted by impressive high ceilings and a bright, open-concept layout that creates a warm and inviting atmosphere throughout the main floor. The spacious kitchen is the heart of the home, featuring granite countertops, a large island, beautiful tile backsplash, built-in oven, stainless steel appliances, and a convenient walk-through pantry. The kitchen flows seamlessly into the open living and dining areas, making this space perfect for both everyday living and entertaining. Just off the kitchen, patio doors lead to a beautiful deck overlooking the professionally landscaped yard, creating an inviting space for morning coffee, summer barbecues, and outdoor gatherings. The main floor also offers the convenience of a dedicated laundry room. The primary bedroom is a private retreat, complete with a luxurious 5-piece ensuite featuring dual vanities and an attached walk-in closet. An additional bedroom on the main floor provides excellent flexibility and can easily be used as a home office, guest room, or additional living space. Downstairs, you’ll find an impressive amount of additional living space, including three more bedrooms, one of which features its own 3-piece ensuite and walk-in closet. The massive recreation room provides plenty of room for entertaining, family activities, a home theatre, or a comfortable secondary living area. A 4-piece bathroom and second laundry room add even more convenience to the lower level. Outside, the professionally landscaped yard offers a beautiful and well-maintained space to relax and entertain. Additional features include a double attached garage and central air conditioning. With its spacious layout, high ceilings, open-concept design, five bedrooms, multiple bathrooms, two laundry rooms, and exceptional indoor and outdoor living spaces, 77 Grove Close offers the perfect blend of comfort, style, and functionality for today’s family. More details
    Listed by eXp Realty - Red Deer
    DIANE RICHARDSON
  • 73 Lundberg Crescent in Red Deer: Laredo Detached for sale : MLS®# A2345257

    73 Lundberg Crescent Laredo Red Deer T4R 0R2
    Main Photo: 73 Lundberg Crescent in Red Deer: Laredo Detached for sale : MLS®# A2345257
    $1,026,000
    Residential
    Status:
    Active
    MLS® Num:
    A2345257
    Bedrooms:
    4
    Bathrooms:
    5
    Floor Area:
    1,853 sq. ft.
    Prepare to be impressed by this gorgeous, FULLY DEVELOPED EXECUTIVE-STYLE WALKOUT BUNGALOW, where timeless elegance meets sophisticated contemporary design. Thoughtfully designed with exceptional craftsmanship, warm colour selections, rich wood accents, and an impressive array of upgrades, this home is truly in a class of its own. From the moment you arrive, the stucco exterior, PROFESSIONALLY LANDSCAPED GROUNDS, and SPECTACULAR MULTITIERED OUTDOOR LIVING SPACES set the tone. The covered walkout opens onto beautifully designed decks featuring a CEDAR PERGOLA AND PRIVACY GLASS, creating an exceptional setting for entertaining, relaxing, and enjoying the outdoors. Inside, the home is equally impressive. WALNUT HARDWOOD FLOORING, EXPOSED BEAMS, SOARING CEILINGS, and warm, inviting finishes create a classic-contemporary feel that is both luxurious and comfortable. The main floor features a spacious den—perfect for a home office—along with a large mudroom and convenient laundry area located directly off the TRIPLE HEATED 27’ X 30’ GARAGE. The stunning kitchen is designed for those who love to entertain and cook, featuring GRANITE COUNTERTOPS, HIGH-END APPLIANCES, AND EVEN A CUSTOM GAS PIZZA OVEN. The open-concept living area showcases dramatic FLOOR-TO-CEILING SHELVING, EXPOSED BEAMS, AND A SPECTACULAR GAS FIREPLACE WITH A STRIKING ROCK-FACED SURROUND, creating a beautiful focal point for the room. Just a few steps away is the PRIMARY BEDROOM OASIS, designed as a private retreat. The luxurious five-piece ensuite features extensive tile work, a separate shower, and a large soaker tub—an ideal place to unwind at the end of the day. With four bedrooms and 4½ bathrooms, there is plenty of room for family and guests. The fully developed lower level takes entertaining to another level with a MASSIVE THEATRE ROOM BOASTING APPROXIMATELY 14-FOOT CEILINGS, plus a stylish wet bar and a separate side entrance. The thoughtful upgrades continue outside with GAS LINES TO BOTH THE UPPER AND LOWER DECKS, exterior hot and cold water taps, and beautifully landscaped surroundings. CENTRAL AIR CONDITIONING AND OPERATIONAL IN-FLOOR HEATING provide year-round comfort, while the triple heated garage offers exceptional space for vehicles, toys, and storage. This is more than a home—it is an exceptional lifestyle property, combining impressive architectural details, luxurious finishes, incredible entertaining spaces, and practical everyday living in one remarkable package. Immediate possession is available. Come experience this extraordinary executive walkout bungalow for yourself! More details
    Listed by RE/MAX real estate central alberta
    DIANE RICHARDSON
  • 46 Bannerman Close in Red Deer: Bower Detached for sale : MLS®# A2332332

    46 Bannerman Close Bower Red Deer T4R 0L8
    Main Photo: 46 Bannerman Close in Red Deer: Bower Detached for sale : MLS®# A2332332
    $975,000
    Residential
    Status:
    Active
    MLS® Num:
    A2332332
    Bedrooms:
    4
    Bathrooms:
    4
    Floor Area:
    2,653 sq. ft.
    This Executive Home on Prestigious Bannerman Close in Red Deer is an absolute Show Stopper!!!! From the Curb appeal as you drive up the Aggregate Circular Driveway, the stunning Stonework and front Pillars! As you enter this home you will be greeted by the Gorgeous bright Foyer with Soaring Ceilings, Massive Bright Windows with Electric Blinds. The Living room with Maple Hardwood Flooring and a Gorgeous Stone Fireplace ~ this is open to the Gourmet Kitchen / Dining with Stainless Appliances, Quartz Counter tops and Maple Cabinetry. There is a large, covered deck off the kitchen with a gas line for the BBQ and a gate which leads to the very private back yard with Patio and Pergola. Upstairs you will find the Primary Bedroom with Heated Tile flooring, Quartz Countertops, Beautiful Soaker Tub, and a Glass Rain Shower and a massive Walk-in closet! 2 more Bedrooms upstairs boast Walk in Closets and share a 5 piece bathroom. The Basement is designed for entertaining with a Huge Rec Room, A Beautiful Wet Bar, all with Maple Floors and Cabinetry and Underfloor Heat!!! So Many Extras with this home, including but not limited to: Central Air Conditioning, Underfloor Heat in Garage, Basement, and tiled Primary En-suite, 10x 20 Shed with overhead door, Lower Deck with Pergola, Circular Aggregate Driveway, Underground Sprinklers, and So Much More!!! More details
    Listed by Realty Executives Alberta Elite
    DIANE RICHARDSON
  • 26 Tagish Avenue in Red Deer: Timberlands Detached for sale : MLS®# A2343043

    26 Tagish Avenue Timberlands Red Deer T4P 0Y6
    Main Photo: 26 Tagish Avenue in Red Deer: Timberlands Detached for sale : MLS®# A2343043
    $975,000
    Residential
    Status:
    Active
    MLS® Num:
    A2343043
    Bedrooms:
    5
    Bathrooms:
    5
    Floor Area:
    1,875 sq. ft.
    Rare Legal two-residence property in Timberlands ~ Situated on one freehold title, the property includes a beautifully finished two-story main home and a separate legal residence containing a double detached garage with a Legal Suite above it. Both tenant occupied under fixed-term lease arrangements. The main home offers three upstairs bedrooms, 2½ bathrooms, upper laundry and a dramatic open-to-below living room. Granite counters, stainless appliances, a gas range with commercial-style hood, hardwood flooring, central air and a pocket office complement the main level. The fully finished lower level adds a fourth main-home bedroom, full bathroom and expansive family room. The independent carriage residence offers one bedroom, one full bathroom, a complete kitchen, six appliances, in-suite laundry, LVP flooring and in-floor heating above an in-floor-heated double detached garage. The main residence also provides a double attached garage, two-vehicle driveway and separate gravel parking pad. Outdoor features include rear deck and patio areas, a private primary-bedroom balcony, gas BBQ connection and a fully fenced yard with new custom fencing completed July 2026. A new 50-gallon hot-water tank was installed in October 2025. A distinctive investment opportunity with two self-contained legal residences on one title. More details
    Listed by Realty Executives Alberta Elite
    DIANE RICHARDSON
  • 18 College Park Drive in Red Deer: College Park Detached for sale : MLS®# A2344732

    18 College Park Drive College Park Red Deer T4P 0M7
    Main Photo: 18 College Park Drive in Red Deer: College Park Detached for sale : MLS®# A2344732
    $939,900
    Residential
    Status:
    Active
    MLS® Num:
    A2344732
    Bedrooms:
    4
    Bathrooms:
    3
    Floor Area:
    1,750 sq. ft.
    An incredible, one-of-a-kind opportunity awaits with this breathtaking 1.37-acre private park estate, delivering prestigious acreage luxury seamlessly situated right in the heart of Red Deer! This extensively upgraded (2003) 1,741 sq. ft. raised bungalow masterfully blends original architectural charm—such as pristine hardwood floors, crown moulding, and elegant curved archways—with sophisticated modern refinements, starting with a grand, high-ceiling foyer with lots of space and closet. The culinary heart of the home is a sun-drenched chef’s dream kitchen boasting custom cherry wood cabinetry, a farmhouse sink, under-cabinet lighting, a built-in desk, a gas cooktop, integrated appliances, and premium double built-in ovens, with a large eating nook situated by the bay east facing window. From the kitchen, transition smoothly to an extraordinary outdoor living oasis featuring a high-vaulted covered deck equipped with a built-in kitchen and a striking rock-face gas fireplace for year-round enjoyment. The thoughtful 4-bedroom, 3-bathroom layout includes a luxurious main-floor primary retreat with a custom walk-in closet, a private ensuite, and direct patio doors leading to an east-facing patio with a hot tub, alongside a main bathroom with dual cherry wood vanities and a deep soaker tub. The fully finished lower level offers engineered hardwood floors, a massive laundry room with extensive cabinetry, abundant storage, a cozy family room with a rock-faced electric fireplace, a spacious bedroom, and an extra-large den that easily converts into a 5th bedroom. Outside, the meticulously landscaped park-like grounds feature two storage sheds, a greenhouse, and an oversized triple garage (21' 3" x 34' 10") roughed in for underfloor heat and a heated shop area (9' 6" x 29'3") also lots of space for extra vehicles and trailer outside . Complete with elite mechanical integration including comfortable underfloor heating (operational in the lower level family room/bedroom and roughed-in for the garage), updated windows, upgraded insulation under the siding, a drinking water distiller, sump pump, back-up generator, and new hot water tank and septic pump (2026), this remarkable property leaves absolutely nothing to be desired! Home is basically a 2003 build - all new from the 2003 renovation when the addition was done, original house was completely updated and 2" ridged insulation added to existing structure, approx. 700 sq ft added. More details
    Listed by RE/MAX real estate central alberta
    DIANE RICHARDSON
1-12/19
Data was last updated September 28, 2026 at 10:05 PM (UTC)

Red Deer’s Most Expensive Homes: Luxury Buyer & Seller Guide

Red Deer’s highest-priced homes can be remarkably different from one another. The upper end of the market may include custom detached residences, executive bungalows, large-lot properties, luxury penthouses and distinctive homes with substantial garages, developed lower levels or unusual land characteristics. Price is useful for identifying the top of the market, but it does not explain where each property’s value comes from.

When comparing the most expensive homes for sale in Red Deer, look beyond square footage and interior finishes. One property may command a higher asking price because of land, privacy or redevelopment possibilities, while another may offer extensive custom construction, river or city views, a specialty garage, newer building systems or a highly finished interior.

The most useful comparison considers the entire property: location, land, floor plan, construction quality, mechanical systems, garage space, outdoor improvements, ownership structure and available documentation.

  • Land, Setting & Privacy Larger or unusual parcels can add value, but buyers should also examine land use, servicing, access, drainage, title registrations and future development considerations.
  • Custom & Executive Homes Upper-end detached properties may offer substantial kitchens, primary suites, offices, developed lower levels, specialty rooms and more complex building systems.
  • Luxury Condos & Penthouses The highest-priced Red Deer homes are not necessarily detached houses. Premium condominium residences require a different review of fees, building finances, parking and shared-property responsibilities.

How Should the “Top 10” Be Compared?

A top-ten list is based on asking price, not a judgment that one property is automatically better than another. The ranking can change whenever a higher-priced property is listed, a current property sells or a seller adjusts an asking price.

That makes this page most useful as a snapshot of the upper end of the current Red Deer residential market rather than as a fixed collection of the same ten homes.

Buyers should compare why each property sits at the top of the market rather than assuming that the highest asking price means the highest construction quality or the best fit for their needs.

Top-10 comparison tip: Separate the value of the land and location from the value of the improvements. Kitchens, flooring and finishes can often be changed; lot characteristics, views, privacy, building type and major structural features usually cannot.

Large Lots & Unusual City Properties

Some high-value Red Deer properties may differ from a conventional city lot by providing substantially more land, greater separation from neighbouring properties or characteristics that create possible future development opportunities.

For these properties, residential buyers and investors should investigate more than the existing house. Important questions can include:

  • Exact parcel size and boundaries
  • Current land-use designation
  • Registered easements and rights-of-way
  • Utility servicing
  • Access and road exposure
  • Drainage and grading
  • Existing subdivision status
  • Potential redevelopment or subdivision approvals
  • Restrictions affecting future improvements
Development-potential check: Marketing references to subdivision, rezoning or redevelopment potential should not be treated as approvals. Buyers considering future development should independently verify land use, servicing, municipal requirements and required approvals for the specific property.

Custom Detached & Executive Homes

High-end detached homes can differ considerably in age and construction history. Some may have been custom-built from the outset, while others may have undergone substantial renovations or additions over time.

When comparing custom or executive properties, evaluate the functionality of the design as well as the appearance. Highly personalized layouts, specialty rooms and unique construction details may be valuable to one buyer but less important to another.

Useful areas to review include construction documentation, renovation history, major building systems, exterior materials and whether specialized features will require unusual maintenance or replacement.

Executive Bungalows

Red Deer bungalows can appear at the upper end of the market when they combine substantial main-floor living with premium finishes, larger garages, mature lots or extensively developed lower levels.

For bungalow buyers, compare the location of the primary bedroom, laundry, garage entrance and main living areas together with the amount of everyday living that can remain on one floor.

A developed lower level can substantially expand usable space, but buyers should still review permits, bedroom egress, moisture history, mechanical systems and the quality of the basement development.

Luxury Penthouses & Condominium Residences

One feature that makes a most-expensive-home search different from a conventional detached-home search is that a high-value penthouse or luxury apartment can rank alongside substantial detached houses.

Premium condo residences may offer extensive interior space, large terraces or balconies, views, multiple parking stalls and amenities that would not be found in a typical detached property.

The due diligence is different, however. Buyers should review:

  • Condominium plan and bylaws
  • Monthly condominium fees
  • Operating budget
  • Reserve-fund information or study
  • Recent board and owners’ meeting minutes
  • Building insurance
  • Known or proposed special assessments
  • Parking title or assignment
  • Storage arrangements
  • Pet and occupancy restrictions
  • Responsibility for windows, balconies and exterior components
Luxury-condo tip: A high purchase price does not eliminate the importance of the condominium corporation’s finances. Review the building’s documents and long-term capital planning as carefully as the residence itself.

River, Water & Open-Space Views

Some higher-end properties may benefit from river, water, park, green-space or broad city views. A premium outlook can be an important part of a property’s appeal, but the practical characteristics of the site still matter.

When comparing view properties, consider:

  • Direction and extent of the view
  • Privacy
  • Public pathways or spaces nearby
  • Future development
  • Sun exposure
  • Wind exposure
  • Lot slope
  • Drainage and grading

Oversized, Triple & Specialty Garages

Garage space can be a significant differentiator at the top of the Red Deer market. Larger properties may offer oversized double garages, triple garages, heated spaces or unusually large areas suitable for vehicle storage, hobbies or workshops.

Buyers specifically interested in larger garages can also browse Red Deer triple-car garage homes.

For substantial garage spaces, verify:

  • Interior width and depth
  • Door width and height
  • Heating and insulation
  • Electrical capacity
  • Floor drains where present
  • EV-charging equipment or rough-in
  • Workshop and storage areas
  • Driveway capacity
  • Permit history for additions or alterations

Walkout & Developed Lower Levels

Larger high-end homes may use the lower level for recreation areas, theatres, bars, guest rooms, offices, fitness spaces or additional bedrooms.

A walkout basement can provide stronger natural light and direct yard access, but buyers should still evaluate drainage, grading, retaining walls, exterior stairs and water management around the lower-level entrance.

For any developed basement, review available permits and bedroom egress where relevant.

Secondary-suite due diligence: A separate entrance, second kitchen, basement bedroom or finished lower level does not by itself establish an approved legal secondary suite. Buyers should independently verify permits, approvals and suite status for the specific property.

Luxury Kitchens & Entertaining Spaces

High-end properties may include large islands, custom cabinetry, premium appliances, walk-in or butler’s pantries, wine storage and dedicated entertaining spaces.

Appearance matters, but functionality and replacement cost matter too. Consider appliance age, ventilation, storage, counter space, serviceability and whether specialized equipment is included in the sale.

Primary Suites & Bedroom Layout

Large primary suites can include sitting areas, substantial closets, fireplaces, private balconies or spa-style bathrooms, but buyers should consider how the primary suite relates to the rest of the home.

Compare bedroom placement, privacy, bathroom access, natural light, storage and whether the layout still works well if household needs change over time.

Home Offices & Flexible Rooms

Larger Red Deer luxury homes may provide dedicated offices, libraries, lofts, hobby spaces, fitness rooms or bonus rooms.

When evaluating these spaces, consider whether they have appropriate privacy, windows, electrical capacity, internet connectivity and access to bathrooms for their intended use.

Mechanical Systems in Larger Homes

Larger and highly customized properties can use more complex mechanical systems than conventional homes. Depending on the property, this may include multiple furnaces, boilers, in-floor heating, zoned systems, central air conditioning, humidification or specialized hot-water equipment.

Buyers should understand:

  • Age of each major system
  • Maintenance and service history
  • Number of heating and cooling zones
  • Replacement cost
  • Availability of parts and service
  • Location and accessibility of equipment
  • Specialized controls or smart-home integration

Roofing, Windows & Exterior Materials

Premium interiors do not eliminate normal building maintenance. Roofing, windows, exterior doors, stucco, siding, masonry, decks and exterior woodwork should still be examined carefully.

Replacement costs can be considerably higher on large or architecturally complex homes because of roof area, window quantity, height and specialized exterior materials.

Landscaping & Outdoor Improvements

Established high-end properties may include extensive landscaping, irrigation, mature trees, retaining walls, patios, outdoor kitchens or substantial deck systems.

These improvements can add significant usability but also create additional maintenance responsibilities. Buyers should understand irrigation operation, drainage, winterization, retaining-wall condition and the ongoing care required for larger landscaped properties.

Title, Easements & Restrictive Covenants

Title review is especially important for properties with larger lots, substantial garages, significant exterior improvements or future development potential.

Utility rights-of-way, easements and restrictive covenants can affect additions, fencing, accessory buildings, redevelopment and how parts of the property may be used.

Real Property Reports

Where applicable, a current Real Property Report can help identify boundaries and show improvements such as garages, decks, fences, retaining walls and additions.

For extensively improved or unusually configured properties, understanding how buildings and exterior improvements relate to property boundaries can be particularly valuable.

Renovations & Permit History

High-end homes are often renovated or customized over time. Buyers should identify what work has been completed and determine whether permits were required.

Pay particular attention to:

  • Structural modifications
  • Additions
  • Basement development
  • Electrical upgrades
  • Plumbing
  • Gas work
  • Large decks
  • Garage additions
  • Secondary-suite-related improvements

Insurance & Replacement Costs

Custom construction, specialty materials, extensive glazing, large garages and unusual mechanical systems can affect insurance requirements and replacement costs.

Buyers may want to obtain appropriate insurance information before removing conditions, particularly when a property contains uncommon building features or improvements that may be expensive to reproduce.

Carrying Costs Beyond the Purchase Price

The asking price is only one component of ownership. Property taxes, insurance, utilities, landscaping, snow removal, condominium fees where applicable and ongoing maintenance should all be considered.

Larger homes with extensive outdoor improvements, multiple mechanical systems or substantial garage space may require significantly different maintenance budgets than a more conventional property.

New Construction at the Upper End of the Market

New Red Deer homes can provide contemporary layouts, current building systems and newer finishes, but buyers should verify exactly what is included with the specific property.

Confirm items such as:

  • Exact floor plan and elevation
  • Appliances
  • Window coverings
  • Landscaping
  • Fencing
  • Decks and patios
  • Garage finishing
  • Air conditioning
  • Basement development
  • Possession timing
  • New-home warranty information
New-build check: Builder renderings, model-home photographs and images from a similar property may be representative rather than showing the exact home being purchased. Verify finishes, appliances, exterior materials, landscaping and other inclusions for the specific property.

Explore Related Red Deer Real Estate

Selling a High-End Home in Red Deer

Unique upper-end properties often compete on characteristics that are difficult to summarize with bedroom count and square footage alone. Land, views, architecture, garage capacity, outdoor improvements, mechanical systems and construction quality can all influence how buyers compare one property with another.

Useful seller information can include renovation history, roofing and window updates, mechanical systems, garage dimensions, landscaping, basement development, permits and information about specialized systems or improvements.

For condominium residences, current condominium documents and accurate information about parking, storage, fees and major building improvements can help buyers evaluate the property more efficiently.

Buying or Selling One of Red Deer’s Highest-Priced Homes

Diane Richardson can help buyers compare current Red Deer luxury homes and high-end residential listings, review important property differences and arrange private showings for homes they want to explore further.

Red Deer homeowners considering a sale can also request information about competing listings and relevant comparable properties, with attention to the individual features that distinguish the home from other upper-end listings.

Contact Diane Richardson about Red Deer’s highest-priced homes:

Phone/Text: 403.397.3706

Email: diane@mypadcalgary.com

Contact Form: Ask About a Red Deer Property

Ask About Red Deer’s Most Expensive Homes

Have questions about one of Red Deer’s highest-priced homes? Send Diane Richardson the property address or MLS® number to request additional listing information, compare high-end properties or arrange a private viewing.

Whether you are comparing a custom detached residence, executive bungalow, luxury penthouse, large-lot property or home with substantial garage and outdoor space, Diane can help you review current Red Deer listings, important property differences and available information before arranging a showing.

Considering one of Red Deer’s highest-priced properties? Look beyond asking price and interior finishes. Review lot characteristics, ownership structure, title registrations, easements, restrictive covenants, Real Property Report where applicable, renovation and development permits, roofing, windows, heating and cooling systems, drainage, grading, garage configuration and major exterior improvements. For condominium residences, review condo documents, reserve-fund information, fees, parking and any special assessments. A separate entrance, second kitchen or developed lower level does not by itself establish an approved legal secondary suite; buyers should independently verify permits, approvals and suite status for the specific property.
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