Kyle Busch mansion
NASCAR driver Kyle Busch bought a 13,000-square-foot home on Lake Norman last month for a Charlotte-area record $7.5 million, according to someone with knowledge of the transaction.
A record of the Sept. 21 sale – filed in the Lincoln County Register of Deeds office in Lincolnton – identifies the buyer only as “East Denver Revocable Trust” and makes no mention of Busch. The home is in the gated Norman Estates community at the end of Unity Church Road in Denver.
Mooresville lawyer Cliff Homesley, who is identified in the records as trustee of the private trust, represented Busch when he pleaded guilty last year to traveling 128 mph in a 45 mph zone in Mooresville.
(Click here to view photos of the home)
Homesley declined this week to say who bought the home. “It’s confidential,” he said. “I can’t verify anything.”
Tony Forouzad, the luxury homebuilder whose company spent 32 months building the home, also declined to identify the buyer, as did Abigail Jennings, president of Cornelius-based Lake Norman Realty, the firm that listed the sale. Both said confidentiality agreements barred them from disclosing the buyer’s name.
The record of the sale identifies Forouzad as owning the home before it was sold to the trust.
The previous highest sales price reported by Carolina Multiple Listing Services was $6.3 million in 2007 for a home in south Charlotte, Jennings said in a news release. Carolina MLS lists tens of thousands of homes for sale in its 10-county service area.
Luxury home designer Jim Phelps spent 1 1/2 years designing the home, Forouzad said.
(Click here to see video of the home)
The home has French, European and Tudor architectural influences, Jennings said. Interior features include soaring beamed ceilings, travertine and walnut floors and floor-to-ceiling stone fireplaces.
The foyer showcases a circular staircase and hand-forged iron railing below the wooden turret ceiling, she said.
The home has 180-degree panoramic views of Lake Norman, with a boat dock, covered slip, fully equipped outdoor kitchen and heated swimming pool with a swim-up bar.
Forouzad said the home took so long to build because of all the detail he and his workers put into it, right down to the tongue-and-groove ceiling in the boat house.
“It’s a true masterpiece,” Forouzad said. “Nothing else like it on Lake Norman.”
Norman Estates is on the former site of Holidayland, a longtime blue-collar family campground that had 418 permanent trailer sites until it was closed in 1998 by Duke Energy’s former land-development arm, Crescent Resources.
Busch drives the No. 18 Toyota for Huntersville-based Joe Gibbs Racing. He won the Capital City 400 in Richmond this year and had 14 Top 10 finishes but barely missed out on NASCAR’s 2012 Sprint Cup series title chase.
In May 2011, Busch was charged with speeding 128 mph along Perth Road in Mooresville with his wife, Samantha, in the passenger seat of a yellow Lexus LFA. Busch said at the time that he’d been given the car to try out for 24 hours by the Hendrick Lexus car dealership.
An Iredell County deputy stopped him near a Lake Norman subdivision, not far from a day care, a church and several neighborhoods. Busch was placed on probation for a year and fined $1,000. Iredell District Judge Thomas Church also revoked Busch’s driver’s license for 45 days and told him not to drive during that time.
Busch, who also pleaded no contest to reckless driving, apologized to the judge.