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Homebuyers and sellers are navigating a slow and expensive housing market, with rising prices and stagnant demand on the sidelines. This comes amid rising and growing . But luxury homes—multimillion-dollar estates, sleek penthouses, and one-of-a-kind custom builds—are , even as most buyers pull back.

Most people can't afford high-end homes, although they're still fun to dream about. So, to highlight where luxury real estate is commanding the highest prices, Redfin analyzed the most expensive neighborhoods in the Memphis metro area—and showcased a few of the area's standout listings (when possible).

Note: Redfin's analysis focused on metro areas, meaning some neighborhoods fell within smaller nearby cities. Listings and data were gathered on October 15, 2025.

#1. Red Acres (Memphis, TN)

241 Baronne Pl, Memphis, TN 38117
- List price: $725,000
- Beds: 3 | Baths: 2.5 | Square feet: not available
- See 241 Baronne Pl, Memphis, TN 38117 on

3850 Poplar Ave, Memphis, TN 38111
- List price: $479,000
- Beds: 5 | Baths: 3.5 | Square feet: 3,200
- See 3850 Poplar Ave, Memphis, TN 38111 on

4050 Baronne Way, Memphis, TN 38117
- List price: $899,000
- Beds: 4 | Baths: 4.5 | Square feet: 3,400
- See 4050 Baronne Way, Memphis, TN 38117 on

4051 Baronne Way, Memphis, TN 38117
- List price: $1,299,000
- Beds: 4 | Baths: 5 | Square feet: 8,000
- See 4051 Baronne Way, Memphis, TN 38117 on

#2. River Edge (Germantown, TN)

1799 Wellsley Dr, Germantown, TN 38139
- List price: $775,000
- Beds: 4 | Baths: 4.5 | Square feet: 4,274
- See 1799 Wellsley Dr, Germantown, TN 38139 on

9207 Liggon Green Ln, Germantown, TN 38139
- List price: $770,000
- Beds: 4 | Baths: 4 | Square feet: 3,924
- See 9207 Liggon Green Ln, Germantown, TN 38139 on

9248 Liggon Green Ln, Germantown, TN 38139
- List price: $789,900
- Beds: 4 | Baths: 3.5 | Square feet: 4,177
- See 9248 Liggon Green Ln, Germantown, TN 38139 on

9305 Enclave Green Ln E, Germantown, TN 38139
- List price: $749,900
- Beds: 5 | Baths: 4.5 | Square feet: 4,719
- See 9305 Enclave Green Ln E, Germantown, TN 38139 on

#3. Dogwood Grove (Germantown, TN)

9443 Dogwood Estates Dr, Germantown, TN 38139
- List price: $839,000
- Beds: 6 | Baths: 5 | Square feet: 6,065
- See 9443 Dogwood Estates Dr, Germantown, TN 38139 on

9464 Doe Meadow Dr, Germantown, TN 38139
- List price: $715,000
- Beds: 4 | Baths: 3.5 | Square feet: 3,400
- See 9464 Doe Meadow Dr, Germantown, TN 38139 on

9615 Spring Hollow Cv, Germantown, TN 38139
- List price: $799,000
- Beds: 5 | Baths: 5 | Square feet: 6,186
- See 9615 Spring Hollow Cv, Germantown, TN 38139 on

9656 Drayton Hall Ln, Germantown, TN 38139
- List price: $614,900
- Beds: 4 | Baths: 3.5 | Square feet: 3,800
- See 9656 Drayton Hall Ln, Germantown, TN 38139 on

#4. Oakleigh (Germantown, TN)

2668 Oakleigh Ln, Germantown, TN 38138
- List price: $777,000
- Beds: 5 | Baths: 4.5 | Square feet: 5,572
- See 2668 Oakleigh Ln, Germantown, TN 38138 on

3160 Tallwood Dr, Germantown, TN 38138
- List price: $665,000
- Beds: 4 | Baths: 4 | Square feet: 4,530
- See 3160 Tallwood Dr, Germantown, TN 38138 on

8778 Poplar Pike, Germantown, TN 38138
- List price: $582,000
- Beds: 5 | Baths: 5 | Square feet: 5,535
- See 8778 Poplar Pike, Germantown, TN 38138 on

8820 Somerset Ln, Germantown, TN 38138
- List price: $625,000
- Beds: 4 | Baths: 3 | Square feet: 3,600
- See 8820 Somerset Ln, Germantown, TN 38138 on

#5. Perkins Waring (Memphis, TN)

150 Waring Rd, Memphis, TN 38117
- List price: $725,000
- Beds: 3 | Baths: 3.5 | Square feet: 3,200
- See 150 Waring Rd, Memphis, TN 38117 on

180 Waring Rd, Memphis, TN 38117
- List price: $1,100,000
- Beds: 4 | Baths: 5.5 | Square feet: 5,964
- See 180 Waring Rd, Memphis, TN 38117 on

4382 Charleswood Ave, Memphis, TN 38117
- List price: $369,000
- Beds: 3 | Baths: 2 | Square feet: 2,000
- See 4382 Charleswood Ave, Memphis, TN 38117 on

69 Goodway Ln, Memphis, TN 38117
- List price: $699,000
- Beds: 4 | Baths: 4.5 | Square feet: 3,792
- See 69 Goodway Ln, Memphis, TN 38117 on