Mar 24, 2022 - Real Estate

Baby Biltmore officially sells to another local CEO

Baby Biltmore house for sale in Quail Hollow Charlotte

Photo: Brianna Crane/Axios

“Baby Biltmore,” the Quail Hollow mansion that belonged to the former Blockbuster CEO, officially closed for $6.2M, CBJ first reported.

Listing agent Bill Wagenseller told Axios Charlotte back in December 2021 that the house was purchased by the first person to see it — and ownership would transfer from one powerful CEO to the next. The new owner: Sonic Automotive CEO David Smith.

  • It went under contract in two days and is now on record as one of the most expensive home sales in Charlotte.
  • It’s the fist home to sell for over $6M in the history of Seven Eagles, Wagenseller said.
  • The quick sale is the product of scarcity in the luxury market, mixed with lots of hungry buyers with loads of liquid cash to spare, Wagenseller said.

Details: At 12,191 square feet, the Quail Hollow home has 7 bedrooms and 8 full and 4 half bathrooms.

Of note: If Smith’s name seems familiar, it’s because the Sonic CEO was charged with assault on a female, assault by strangulation, false imprisonment and interference with emergency communication in October 2020.

  • Those charges were recently dropped, according to the Observer.
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