Israel's Most Expensive Homes Sold for Over $24 Million This Year
Translated & summarized from Ynet by baba
The most expensive homes in Israel were sold for over 90 million shekels during the Hebrew year 5786, with Tel Aviv being the dominant market. The top sale was an apartment in Neve Tzedek for approximately 91.4 million shekels. Experts attribute demand to unique properties and international buyers, though overall luxury market transactions have seen a slight decline from the previous year.
The story in 6 lines · by baba
- Israel's most expensive homes sold for over 90 million shekels in Hebrew year 5786.
- Tel Aviv accounted for 15 of the 16 most expensive residential sales.
- The top sale was an apartment in Tel Aviv's Neve Tzedek for 91.4 million shekels.
- Herzliya Pituah and Jerusalem also saw high-value property transactions.
- Experts note continued demand for unique luxury properties, but a more selective market.
- Overall luxury market sales volume and price per square meter decreased from the prior year.
During the Hebrew year 5786, the most expensive residential properties in Israel were sold for sums exceeding 90 million shekels (approximately $24 million), according to a report by Madlan for ynet. The top 16 deals amounted to hundreds of millions of shekels, highlighting a luxury market largely detached from the concerns of average Israeli homebuyers.
Tel Aviv dominated the high-end market, with 15 of the 16 most expensive transactions occurring within the city. The exceptions were two houses in Herzliya Pituah and one apartment in Jerusalem. The priciest sale was an apartment on Eleazar Rokeach Street in Tel Aviv's Neve Tzedek neighborhood, which sold for approximately 91.4 million shekels in December 2025.
Other top sales included a 900-square-meter house in Herzliya Pituah for 80 million shekels and an apartment in Tel Aviv's Rothschild 10 project for 65 million shekels. The latter was reportedly purchased by American billionaire Bill Ackman. The Jerusalem property, part of the Theater Hotel project, sold for nearly 48 million shekels to Sydney and Judith Schwartz, founders of the Timberland brand.
Industry experts note that while the luxury market is a niche segment, it demonstrates continued demand for unique properties in prime locations, partly driven by foreign residents and Israelis living abroad. However, there's a growing distinction between true luxury and properties merely priced as such, with buyers prioritizing location, quality, and uniqueness over sheer size. Despite some high-value transactions, overall figures for the luxury market show a slight decrease compared to the previous year, indicating a more cautious and selective buyer pool.
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