This is home dated to the 1930s and was previously owned by Celeste Broughton, who had been married to the son of a North Carolina governor. The gracious Southern front of the home was believed to be the inspiration for a Southern-style dining area at the B. Altman and Co. luxury department store in New York City. The nearly 3-acre lot overlooks a curving road covered with tall oaks inside the Beltline and lined with many of the city’s finer homes.
Anuj Mittal, CEO of the MJM Group hotel company, bought the property at 2529 White Oak Road last year in a federal bankruptcy auction for $2.1 million.
Mittal previously told the Triangle Business Journal he originally planned to build a family home on the lot but after discussions with others, decided to sell lots instead.
Johnny Chappell of Chappell Residential is selling the property, and his website shows two of the four sites having been sold.
Mittal said he expected the lots to be sold with homes that ranged in value from $2.25 million to $2.5 million.
Triangle Business Journal, @TriangleBIZJrnl
