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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 Roanoke 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. The Waters Edge (Penhook, VA)

125 Grande Villa Dr, Penhook, VA 24137
- List price: $2,250,000
- Beds: 4 | Baths: 3.5 | Square feet: 4,764
- See 125 Grande Villa Dr, Penhook, VA 24137 on

30 Island Green Cir, Penhook, VA 24137
- List price: $1,295,000
- Beds: 4 | Baths: 3.5 | Square feet: 3,748
- See 30 Island Green Cir, Penhook, VA 24137 on

54 Bay View Cir, Penhook, VA 24137
- List price: $2,975,000
- Beds: 5 | Baths: 6 | Square feet: 7,653
- See 54 Bay View Cir, Penhook, VA 24137 on

75 Grande Villa Dr, Penhook, VA 24137
- List price: $2,250,000
- Beds: 4 | Baths: 4.5 | Square feet: 5,064
- See 75 Grande Villa Dr, Penhook, VA 24137 on

#2. Hunting (Cave Spring, VA)

4120 Berkeley Place Dr, Roanoke, VA 24018
- List price: $624,950
- Beds: 6 | Baths: 3.5 | Square feet: 4,083
- See 4120 Berkeley Place Dr, Roanoke, VA 24018 on

4217 Berkeley Place Dr, Roanoke, VA 24018
- List price: $599,950
- Beds: 5 | Baths: 3.5 | Square feet: 3,674
- See 4217 Berkeley Place Dr, Roanoke, VA 24018 on

5004 Crossbow Cir, Roanoke, VA 24018
- List price: $855,000
- Beds: 4 | Baths: 4 | Square feet: 5,370
- See 5004 Crossbow Cir, Roanoke, VA 24018 on

5139 Remington Rd, Roanoke, VA 24018
- List price: $674,900
- Beds: 5 | Baths: 3 | Square feet: 4,032
- See 5139 Remington Rd, Roanoke, VA 24018 on

#3. South Roanoke (Roanoke, VA)

2419 Longview Ave SW, Roanoke, VA 24014
- List price: $167,500
- Beds: 3 | Baths: 1 | Square feet: 914
- See 2419 Longview Ave SW, Roanoke, VA 24014 on

2509 Rosalind Ave SW, Roanoke, VA 24014
- List price: $490,000
- Beds: 5 | Baths: 2.5 | Square feet: 3,783
- See 2509 Rosalind Ave SW, Roanoke, VA 24014 on

3501 Peakwood Dr SW, Roanoke, VA 24014
- List price: $799,000
- Beds: 4 | Baths: 3.5 | Square feet: 4,342
- See 3501 Peakwood Dr SW, Roanoke, VA 24014 on

510 Dillard Rd SW, Roanoke, VA 24014
- List price: $649,950
- Beds: 3 | Baths: 2.5 | Square feet: 3,266
- See 510 Dillard Rd SW, Roanoke, VA 24014 on

#4. Bonsack (Roanoke, VA)

2414 Carlsbad Cir, Roanoke, VA 24012
- List price: $365,000
- Beds: 4 | Baths: 3 | Square feet: 1,830
- See 2414 Carlsbad Cir, Roanoke, VA 24012 on

5018 Carter Grove Ln, Roanoke, VA 24012
- List price: $650,000
- Beds: 5 | Baths: 4.5 | Square feet: 4,104
- See 5018 Carter Grove Ln, Roanoke, VA 24012 on

5695 Huntridge Rd, Roanoke, VA 24012
- List price: $279,950
- Beds: 3 | Baths: 2.5 | Square feet: 1,494
- See 5695 Huntridge Rd, Roanoke, VA 24012 on

5717 Fieldview Dr, Roanoke, VA 24019
- List price: $469,000
- Beds: 4 | Baths: 3.5 | Square feet: 3,076
- See 5717 Fieldview Dr, Roanoke, VA 24019 on

#5. Mariner's Landing (North Shore, VA)

1137 Mariners Way, Huddleston, VA 24104
- List price: $399,900
- Beds: 2 | Baths: 2 | Square feet: 1,303
- See 1137 Mariners Way, Huddleston, VA 24104 on

1175 Mariners Way, Huddleston, VA 24104
- List price: $385,000
- Beds: 2 | Baths: 2 | Square feet: 1,290
- See 1175 Mariners Way, Huddleston, VA 24104 on

1222 8Th Fairway Ln, Huddleston, VA 24104
- List price: $485,000
- Beds: 3 | Baths: 3 | Square feet: 2,536
- See 1222 8Th Fairway Ln, Huddleston, VA 24104 on

132 Pointe O Woods Dr, Huddleston, VA 24104
- List price: $487,000
- Beds: 4 | Baths: 3 | Square feet: 3,160
- See 132 Pointe O Woods Dr, Huddleston, VA 24104 on