Baby Biltmore officially sells to another local CEO

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.