My top 5 is purely based on aesthetic value, but not necessarily the most luxurious room. It's the room that I'd like to explore and experience and touch because there's something characteristic or peculiar about it.
1. Chase Gioberti's living room - FALCON CREST

There are so many fabulous details I wouldn't know where to look
first. The main structure is slightly grotesque, hostile even, but with the Giobertis in it, it looks charming and very comfortable.
2. Blake Carrrington's original dining room - DYNASTY

Who needs Moldavia when the real castle is in Denver, Colorado? It's a room that represents the cold and ruthless character of Dynasty's oil tsar.
3. Emma Channing's bedroom - FALCON CREST
The different floor levels and the charming little balustrade gives me the impression of a mini-spring house inside the bedroom.
Beautiful old-fashioned colours were still allowed in SoapLand, before pastel-mania took over.
I think this was Angela's hobby room in the first episodes - she made clay sculptures, and this artistry is yet
another thing they had in common with Dynasty (Alexis as a painter) - and I also got the impression that it was the tower room.
But in season 1's finale episode Emma escapes via the window so….did she jump?
4. Jeb Hollister's living room - THE YELLOW ROSE
Rustic and luxurious, but the odd entrance (behind Jane Russell) is its biggest selling point for me.
5. Kenny & Ginger's living room - KNOTS LANDING
Despite its minimalistic and semi-bohemian interior I find it a very warm and inviting room.
The self-indulgent idea behind it kinda makes it look more luxurious than it really is.