Builder Buys Site for Community of $1 Million Homes
In a significant expansion of its portfolio in the Charlotte area, Toll Brothers Inc., a renowned Fortune 500 homebuilder, has recently inked a new project, gearing up to commence construction and sales this coming fall. The new project, named Luna Estates, is poised to bring an exclusive residential community to Weddington, offering an affluent housing option for discerning homebuyers.
The acquisition of the Luna Estates project site marks a pivotal development in the area’s real estate landscape. Toll Brothers secured the 29-acre plot located at 5932 Weddington Matthews Road in late March for a deal close to $3 million. This strategic purchase sets the stage for the development of a luxurious and spacious living community within Union County.
Luna Estates is designed to cater to the elite preferences of its future residents, with the project featuring 18 high-end homes. These homes will not only boast substantial living spaces but will also be emblematic of luxury and sophisticated design. Priced starting in the $1.1 million range, these residences are set to define upscale living in Weddington.
The homes at Luna Estates will range from 4,051 to 5,155 square feet, providing ample room for customization and personal touches. Prospective homeowners can look forward to choosing from layouts offering four to six bedrooms. Furthermore, these homes are designed to cater to a variety of family sizes and lifestyle requirements, featuring three-and-a-half to six-and-a-half bathrooms. The luxury extends to the inclusion of up to four-car garages, accentuating the premium offerings of the community.
The development of Luna Estates by Toll Brothers Inc. in the Charlotte-area is a testament to the growing demand for luxury housing in the region. With construction and sales commencing this fall, the Luna Estates community is set to become a beacon of high-end residential living in Weddington, promising an unmatched lifestyle for its future residents.
