$8.45M listing: Ex-CEO’s former estate in Chatham County could set market record
AI-generated summary reviewed by our newsroom.
- A former estate of ex-Wolfspeed CEO Gregg Lowe listed for $8.45M in Chatham County.
- The 15,675-square-foot home includes luxury amenities across 12.5 acres of land.
- Sale could break Triangle records; previous top sale reached $7M in North Raleigh.
A high-profile estate once owned by ex-Wolfspeed CEO Gregg Lowe has hit the market in northeast Chatham County.
The price tag: $8.45 million.
If it finds a buyer, it will set a new benchmark for high-end sales in the region.
Tucked behind a cast-iron gate, the 15,675-square-foot home at 483 Rosemont sits on 12.5 acres inside Hills of Rosemont community, a gated enclave with a Durham address. It’s roughly 15 miles northwest of downtown Raleigh.
Built in 2006, it has five bedrooms, nine baths, and amenities like an indoor saltwater pool with a waterfall, game room, wine cellar, gym and home theater. Neighbors include former UNC player and NBA All-star Jerry Stackhouse, according to county records.
Triangle Business Journal first reported the listing.
“This home is a true retreat,” teased the listing agent Amanda Williams, a Realtor with Raleigh-based Berkshire Hathaway HomeService.
It also comes with a hefty property tax bill: $48,000, according to a Chatham County property tax inquiry.
To date, the region’s most-expensive home sale is a Loyd Builders home in North Raleigh’s Shadow Creek Estates, which sold for $7 million in 2024.
In 2017, Lowe and his wife, Diana, bought the house for $6.35 million. At the time, it was reported to be the largest, most-expensive home sold in the Triangle, according to the Triangle MLS database.
In 2022, they sold it for $5.6 million to Andrews Pine LLC — $750,000 less than what they’d paid just a few years earlier — after it languished on the market for months.
“At the top price point for our market, sales take a bit longer,” said Mollie Owen, a real estate agent with Hodge & Kittrell Sotheby’s International, who represented the Lowes at the time.
In 2024, after a seven-year tenure, Lowe got axed from Wolfspeed when the semiconductor chipmaker’s stock began to tumble amid mounting debt. The Durham-based company is now undergoing a court-approved restructuring after entering bankruptcy in late June with around 3,400 employees.
This story was originally published September 22, 2025 at 3:20 PM with the headline "$8.45M listing: Ex-CEO’s former estate in Chatham County could set market record."
