NC businessman selling his newly-purchased mansion for $5.9 million

19 June 2022

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

TMLS listing: 223 Shady Dr, Burlington, NC 27215

Tax records show John Burton, resident of Burlington, bought the property in Burlington last December.

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

TMLS listing: 223 Shady Dr, Burlington, NC 27215

The home is almost castle-like, featuring six bedrooms and a whopping 14 bathrooms.

TMLS listing: 223 Shady Dr, Burlington, NC 27215

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

Burton bought the home for around $2.7 million, even though it was listed for upwards of $4 million.

TMLS listing: 223 Shady Dr, Burlington, NC 27215

The home has multiple outdoor entertainment spaces, is gated, and sits on a private lake.

TMLS listing: 223 Shady Dr, Burlington, NC 27215

For a few occasions, the home was available to rent for 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 is unusual to see a property valued so high in the Burlington area.

Photo credit: Lighthouse Visuals

“Inventory is likely coming back because home buying demand is declining,” said Alina Ptaszynski, cooperate communications manager 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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