Unveiling the most expensive properties of 2024 and Home-Buying Tips
- TBA
- Feb 7
- 3 min read
Updated: Mar 13
Despite Knight Frank’s report indicating a slowdown in the sales of global ultra-luxury homes (properties worth over £8 million) in 2024, the previous year still witnessed record-breaking transactions and top-tier listings.
Let’s see if your dream home made the list!
1st Place
One Hyde Park, Knightsbridge, London SW1
Price: £175 million
The most expensive property in the UK is located within the most luxurious development on the country’s priciest street. Spanning 18,000 square feet across the 10th and 11th floors, this penthouse overlooks Hyde Park.
Key features:
Double-height reception room
Wraparound terrace
Five marble-en-suite bedrooms
Cocktail bar
Cinema
Two studies
Spa
Staff suite
Managed by the Mandarin Oriental Hotel Group, residents can book bespoke services like maid and catering. Priced at a staggering £175 million, this property is equivalent to 654 average UK homes (as of October 2024, Zoopla reported the UK’s average house price at £267,200).
2nd Place
San Juan Capistrano, Orange County, California, USA
Price: $150 million (£119.7 million)
Dubbed California’s priciest property project, Casa Grande is a 42-acre mixed-use estate under construction.
Highlights:
38,000-square-foot mansion with ocean, mountain, and coastline views
Guest and staff accommodations
Barn and stables for up to 10 horses
Functioning avocado farm and citrus orchard
Potential tequila business opportunity
3rd Place
Aspen, Colorado, USA
Price: $108 million (£86.19 million)
As the world’s most expensive ski resort, Aspen is no stranger to multi-million-dollar homes. However, a 22,400-square-foot mansion sold in April stunned many as it became Colorado’s first property to surpass the $100 million mark.
Features:
11 bedrooms, 17 bathrooms
5-acre plot in the exclusive Red Mountain area
Uninterrupted mountain views
4th Place
Long Island, New York, USA
Price: $88.5 million (£70.61 million)
Previously listed at $150 million, this property, La Dune, became the Hamptons’ most expensive home. It was finally sold at auction in January 2024.
Details:
Two beachfront mansions (built in 1892 and 2001)
4-acre landscaped grounds
400 feet of beachfront
Featured in Woody Allen’s 1978 film Interiors
5th Place
Belgravia, London
Price: £65 million
This grand period townhouse, located on Grosvenor Crescent, was the most expensive home sold on Zoopla in the past 12 months.
Key features:
Six en-suite bedrooms
Elegant reception rooms
Formal dining room
Chef’s kitchen
Spa facilities
6th Place
Domaine de Vignette, Saint Barthélemy
Price: $59 million (£47.07 million)
Nestled in lush hills overlooking Colombier Beach, this secluded estate consists of nine bungalows and tropical gardens.
Unique aspects:
Central pool deck, lounge, and bar
180-degree ocean and island views
Recently renovated by award-winning interior designer Rémi Tessier
7th Place
Aston Martin Residences, Miami, Florida
Price: $21 million (£16.75 million)
The final Sky Penthouse in this 66-story tower sold in February, marking it as the most expensive property in downtown Miami’s history.
Luxurious amenities:
Four bedrooms, seven bathrooms
Gym, indoor pool, and staff quarters
Expansive outdoor terrace
Comes with a custom Aston Martin DBX supercar
UK Home-Buying Tips for 2025
Thinking about buying a home in 2025?
Here are some home-buying tips you need to know about recent UK property regulations:
Stamp Duty Land Tax (SDLT)
Applicable in England and Northern Ireland.
Rates vary based on property value and buyer status (e.g. first-time buyer, overseas buyer).
From 1 April 2025, the SDLT threshold for first-time buyers will drop from £425,000 to £300,000.
Capital Gains Tax (CGT)
Tax applies to gains made from property sales.
Non-UK residents: 18% (basic rate) or 28% (higher rate).
Anti-Money Laundering (AML) Regulations
Non-UK residents must verify identity and fund sources, providing documents like bank statements and income records.
Non-Resident Landlord (NRL) Scheme
Landlords residing in the UK for less than six months annually must pay tax on rental income earned in the UK.