Balmoral remains the private property of the monarch and is not part of the Crown Estate. It was the summer residence of Queen Elizabeth II, who died there on 8 September 2022. The castle is an example of Scottish baronial architecture, and is classified by Historic Environment Scotland as a category A listed building.

As of 2026, the reigning monarch (King Charles III, following the passing of Queen Elizabeth II) holds several significant properties in Scotland, but it is important to distinguish between private ownership and Crown ownership. Balmoral Castle is a private residence of the monarch; it was purchased by Prince Albert for Queen Victoria and has been passed down through the family ever since. It is not part of the Crown Estate, meaning the monarch pays for its upkeep and can exclude the public. Conversely, the Palace of Holyroodhouse in Edinburgh is the official residence of the British monarch in Scotland and is held "in right of the Crown," meaning it is owned by the state for the use of the sovereign. Additionally, the monarch often stays at Birkhall, a private estate on the Balmoral grounds that was a favorite of the Queen Mother. These Scottish residences are central to the Royal Family's identity, serving as a summer retreat where they can engage in traditional Highland activities like deer stalking and the Braemar Gathering, maintaining a deep personal and symbolic connection to the Scottish people.