Mecklenburg’s million-dollar house surge

Plus: We answer a reader's question about a change at the gas pump; Homeowners upset about water runoff; Heads-up on big CMS boundary meetings next week; Vi Lyles pressed on who's to blame at CATS

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Residential properties worth $1M+ double since 2019, reval data shows; Top 10 most expensive list shows Tepper slumming it at No. 5

by Tony Mecia

Charlotte’s millionaires club is becoming less exclusive.

The number of residential properties in Mecklenburg County valued at over $1M more than doubled in the last four years, according to a Charlotte Ledger analysis of county revaluation records.

And the very upper echelons are getting crowded, too: In 2019, there were 25 residential properties valued at $5M or more. Now, it’s 118 — including 4 that are valued at $10M+.

Some Mecklenburg home prices have risen into the stratosphere. Inset: The Peninsula in Cornelius, home to many in the $1M+ club, including the county’s most expensive house, according to the county’s recent revaluation. (Photo by Kevin Young/The 5 and 2 Project)

Who are these people, and where are these houses?