Raleigh Mayor Nancy McFarlane has purchased a $2.1 million house in one of the city’s priciest neighborhoods.
McFarlane and her husband, Ron, bought the Williamsborough Court home – off Lassiter Mill Road just inside the Beltline – Oct. 29 from businessman Greg Poole. The 3,900-square-foot house is a big step up from the mayor’s longtime home off Lead Mine Road in North Raleigh, which has a tax value of $388,000.
“This home soars above all in its antique beamed ceilings, impressive use of old woods and stones created by artisans from earlier days, and blends warmth from fireplace hearths and antique heart pine flooring with updates of today’s style and living,” reads the real-estate listing for the Williamsborough Court house.
McFarlane knows the seller well. Poole, who owns a construction equipment company, heads the Dix Visionaries, the business group pushing for a destination park on the Dorothea Dix property. He and his wife have lived in the house since the late 1980s.
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McFarlane won’t be financing the purchase with her $17,000 council salary. She and her husband earn much of their income from MedPro Rx, the couple’s specialty pharmaceutical business. It had $76.3 million in revenues last year.
Once the mayor moves, she’ll leave behind Council District A, which she represented for several terms. The new home is in District E, represented by Bonner Gaylord.
The McFarlanes also own two homes in the Mordecai neighborhood and a condomium in downtown’s PNC Plaza building.