Magnetic nanoparticles have a significant impact on the development of basic sciences and nanomedical, electronic, optical, and biotech industries. The development of magnetic structures with size homogeneity, magnetization, and particle dispersibility due to high-quality process development can broaden their utilization for separation analysis, structural color optics using surface modification, and energy/catalysts. In addition, magnetic nanoparticles simultaneously exhibit two properties: magnetic and plasmon resonance, which can be self-assembled and can improve signal sensitivity through plasmon resonance. This paper reports typical examples of the synthesis and properties of various magnetic nanoparticles, especially magnetoplasmonic nanoparticles developed in our laboratory over the past decade, and their optical, electrochemical, energy/catalytic, and bio-applications. In addition, the future value of magnetoplasmonic nanoparticles can be reevaluated by comparing them with that reported in the literature.