King Charles III, the reigning monarch of the United Kingdom, has a vast collection of luxurious royal residences throughout Britain. Following the passing of Queen Elizabeth II in September 2022, Charles ascended to the throne in a grand coronation ceremony in 2023. As a result, he now assumes the responsibilities and ownership of properties that were previously held by his mother.
According to a comprehensive report by Forbes, Charles currently possesses an impressive real estate portfolio consisting of seven palaces, ten castles, twelve homes, fifty-six holiday cottages, and fourteen ancient ruins. This extensive collection of properties is collectively known as the Duchy of Lancaster estate, a privately owned and historic estate that has been passed down to the reigning sovereign for more than 750 years.
Charles’ Massive Real Estate Portfolio: A Peek Inside the King’s Luxurious Homes
In a jaw-dropping deal that has left everyone in awe, Charles, the King of England, managed to avoid paying inheritance tax on his extensive real estate holdings. Thanks to a rule introduced by the UK government in 1993, the Royal Family is exempt from this tax, ensuring the preservation of their assets even in the event of multiple monarchs passing away within a short period of time.
While everyone is familiar with iconic properties like Buckingham Palace and Windsor Castle, there are several hidden gems that have been in the royal family for generations. And surprisingly, Charles isn’t swayed by size or price when it comes to his preferred residences. According to a source close to the King, he may even break royal protocol by not moving into the newly renovated Buckingham Palace in 2027. He believes that the palace is not a viable home for the modern world, both in terms of cost and environmental sustainability.
So where does the King spend most of his time? Let’s take a closer look at some of Charles’ most extravagant and opulent estates, palaces, and cottages!
Buckingham Palace: The crown jewel of Charles’ portfolio, this iconic palace has been the official residence of the royal family since 1837. Valued at a staggering $4.9 billion, the palace is currently undergoing extensive renovations. While Charles doesn’t reside there, he still uses it as his operational headquarters.
Windsor Castle: Founded by William the Conqueror in the 11th century, Windsor Castle is the oldest and largest occupied castle in the world. With an estimated value of $743 million, it remains a working palace and holds a special place in Charles’ heart, as he spent his weekends there as a child.
Kensington Palace: Now the official London residence of Prince William and Kate, the Prince and Princess of Wales, Kensington Palace has an estimated value of $630 million. This historic palace was the birthplace and childhood home of Queen Victoria and has also been occupied by Princess Eugenie and Prince Harry.
Clarence House: Since 2003, Clarence House has served as Charles and Queen Consort Camilla’s official London residence. Valued at $72 million, this four-floor home was also shared with Prince Harry and William until 2011.
Balmoral Castle: Situated in Ballater, Scotland, Balmoral Castle has been the official Scottish home of the royal family since 1852. With an estimated value of $118 million, this estate holds a special place in Queen Elizabeth II’s heart and was where Charles’ late father proposed to her.
Caernarfon Castle: A true architectural marvel, Caernarfon Castle in Wales was built by King Edward I and his architect Master James of St George. With an estimated value of $289 million, this monumental castle stands as a testament to the Middle Ages.
Eltham Palace: Described as a quirky mix of medieval and modern, Eltham Palace has been a royal residence since 1305. Located in Greenwich, London, this $211 million home has even been featured in Netflix’s “The Crown.”
Hampton Court Palace: With a value of $1.2 billion, Hampton Court Palace holds a special place in history as the favorite residence of Henry VIII. While no royals currently live there, it remains a popular tourist destination.
Highgrove House: This historic home gained notoriety during Charles and Princess Diana’s scandalous divorce. Charles purchased the property in 1980, and it became a significant part of his relationship with Camilla. Now owned by Prince William, the home is valued at around $39 million.
Banqueting House: With an estimated value of $296 million, Banqueting House holds a dark royal history as the site of King Charles I’s execution in 1649. Currently undergoing renovations, no royals reside in the property.
Dumfries House: Purchased by Charles in 2007, Dumfries House is a passion project for the King. Under his trust, the property has been improved and is now used for gardening and hospitality.
Llwynywermod: Located in Wales, this quaint three-bedroom farmhouse was Charles and Camilla’s summer residence. However, in 2023, Charles announced plans to give up the lease on the property.
Palace of Holyroodhouse: Valued at just under $70 million, the Palace of Holyroodhouse serves as the King’s official Scottish residence. A recent Instagram post by the Royal Collection Trust showcased the stunning red four-poster bed in his ornate bedroom.
With an impressive portfolio of luxurious properties, Charles truly lives like a king. From historic castles to modern palaces, his homes reflect his unique taste and commitment to preserving the royal legacy.
