North Carolina businessman selling his newly purchased mansion for $5.9 million :: WRAL.com

– A North Carolina businessman is selling his nearly 18,000 square foot mansion for $5.9 million.

Tax records show Burlington resident John Burton purchased the property in Burlington last December.

The elegant mansion ‘transport[s] you in the French neoclassical era,” according to his Triangle MLS listing featured on Zillow.

TMLS listing: 223 Shady Dr, Burlington, NC 27215

The garish house looks almost like a castle, with six bedrooms and 14 bathrooms.

TMLS listing: 223 Shady Dr, Burlington, NC 27215

According to his real estate agent, he transformed the house into a smart home, built a home theater and added a custom golf simulator, along with other upgrades.

Burton bought the house for around $2.7 million, even though it was listed for over $4 million.

TMLS listing: 223 Shady Dr, Burlington, NC 27215

The home has multiple outdoor entertaining areas, is gated, and sits on a private lake.

TMLS listing: 223 Shady Dr, Burlington, NC 27215

On a few occasions, the house was available for rent to Elon University students and their families on Airbnb.

TMLS listing: 223 Shady Dr, Burlington, NC 27215

The home was custom built in the late 90s by another Burlington businessman named James H. Smith Jr. According to a LinkedIn account associated with his name, Smith is the current general manager of Blue Chip Furniture.

Experts say it’s unusual to see a property valued so high in the Burlington area.

Photo credit: Lighthouse Visuals

“Inventories are likely to come back because demand for home purchases is down,” said Alina Ptaszynski, head of cooperation communications with Redfin. “We’ve seen this nationally due to rising mortgage rates, stock market declines which tend to impact luxury buyers the most, and general economic uncertainty.”

TMLS listing: 223 Shady Dr, Burlington, NC 27215

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