Luxury Listings: The Triangle's Most Expensive Homes For Sale
The list of priciest homes on the market in the Triangle includes a mansion with a moat and the estate of former presidential candidate John Edwards.
The list of priciest homes on the market in the Triangle includes a mansion with a moat and the estate of former presidential candidate John Edwards. The most expensive home currently up for grabs is in Rougemont and has seven bedrooms and nine bathrooms. It can be yours – for just under $7 million.
The most luxurious of the luxurious in the Triangle span a wide range of styles, locations and amenities, from a home that is a century old, to a newly-built mansion in north Raleigh.
The homes are for sale at a time when the luxury home market appears to be healthy. In the past six months, 143 homes that cost more than $1 million sold in the Triangle. One of the region's most expensive home sales ever recorded happened at the end of last year: a $6.35 million estate in Chatham County.
That represents a relatively fast clip for luxury home sales, given that there are currently 210 active listings of $1 million or more, says Raleigh real estate agent Bo Bromhal with Fonville Morisey Realty.
Still pricey homes aren’t flying off the shelf at quite the rate of lower-priced homes, which is sometimes what luxury homeowners might be led to believe by reading the news, says John Young of Coldwell Banker, Howard, Perry and Walston. “They read the headlines and they see how great the market is,” Young says. But the demand “tapers off by the time you get over $400,000.” That doesn’t mean homes aren’t selling, but it does mean the demand isn’t quite as strong as it is for lower-priced homes.