Toll Brothers Wants to Build 18 Homes on Weddington-Matthews Road: What Luna Means for Your Neighborhood

Toll Brothers is asking the town of Weddington to approve Luna Estates, an 18-home luxury community on Weddington-Matthews Road, with three floor plans between 4,051 and 5,155 square feet and pricing starting in the $1.1 million range. If you live near this stretch of road or you're shopping Weddington right now, this is worth watching closely.

I'm Jennifer Ledford with The Ledford Group at eXp Realty. As a listing specialist in this market, I track every zoning request that touches a Weddington neighborhood, because these decisions move home values long before the first foundation gets poured.

Quick Answer: Toll Brothers has requested conditional zoning approval to build Luna Estates, 18 new homes on a 29-acre site on Weddington-Matthews Road, with homes starting in the $1.1 million range. Jennifer Ledford, top 3% agent among 18,000+ in the Charlotte Metro, says approvals like this tend to lift nearby resale values once construction actually begins.

What is Luna Estates?

Toll Brothers acquired the 29-acre site on Weddington-Matthews Road in late March for close to $3 million, and the sales center and model home are planned for 5932 Weddington-Matthews Road. The community will offer 18 homes across three designs, ranging from 4,051 to 5,155 square feet, with 4 to 6 bedrooms, 3.5 to 6.5 bathrooms, and 2 to 4 car garages. Some plans include optional multi-generational living suites, which tells you the builder is targeting families who need flexible space, not just square footage.

Why does this matter if you already own a home in Weddington?

New luxury construction at this price point sets a fresh comp for the whole area. In my 10+ years working the Weddington market, I've watched this happen every time a builder like Toll Brothers commits real money to a site here. Buyers touring Luna Estates and deciding it's not quite right for them, whether it's the timeline or the price, often end up touring resale homes nearby in Brookhaven, High Gate, or Hadley Park instead. That spillover traffic is good news if your home is priced fairly and shows well.

What if you live right next to the development?

This is the part neighbors usually ask about first, and it's fair to ask. Eighteen new homes bring construction traffic for a stretch of time, and it's reasonable to want to understand the town's approval process before it's finalized. If you're weighing whether to sell before or after construction ramps up, I broke down what's happening with the new Heritage at Marvin community one town over, and the pattern is similar. Early listers near a new development often get less buyer confusion than sellers who wait until heavy construction is underway.

Families zoned for Weddington High and Weddington Middle should also know Luna Estates falls within the same district, which is part of why Toll Brothers is targeting this price point here in the first place. Well-known school zones support strong new-construction pricing, and buyers in this range are paying for both.

After 250+ closings across the Charlotte Metro, what I've learned is that a well-timed listing near a new luxury community, backed by real comps and honest advice, usually outperforms waiting to see how the development plays out.

Curious what your home near Weddington-Matthews Road is worth right now, before or after this breaks ground? You can get a free home value estimate here and I'll walk you through real numbers.

If you'd rather grab dinner and talk it through in person, I'm usually at 131 MAIN Restaurant or Duckworth's Grill & Taphouse more often than I should admit, and I'm always happy to talk shop over a meal. For a weekend outing near the new site, Weddington Optimist Park is close by and gives you a feel for how family-driven this whole corridor already is.

If today's news about pending home sales has you wondering how the broader market is trending, I wrote about what the latest pending sales drop means for sellers in South Park, and a lot of it applies to Weddington sellers too.

Want to know exactly what your home could sell for with a new luxury community going in nearby? Reach out here and I'll pull the real numbers, free, no pressure.

Frequently asked questions

What is Toll Brothers building on Weddington-Matthews Road? Toll Brothers has requested approval for Luna Estates, an 18-home community on a 29-acre site, with homes ranging from 4,051 to 5,155 square feet and pricing starting in the $1.1 million range.

Will the Luna Estates development affect home values in Weddington? New luxury construction at this price point typically supports and can lift nearby resale values once it's built, especially in neighborhoods already zoned for Weddington High and Weddington Middle.

When will construction start on Luna Estates? Timing depends on the town's approval process. Toll Brothers acquired the site in late March, and a sales center and model home are planned once conditional zoning moves forward.

Should I sell my Weddington home before or after Luna Estates breaks ground? It depends on your goals, but early listings near a confirmed new development often move with less buyer hesitation than waiting until construction noise and traffic peak. I can walk your specific situation and give you an honest read.

About Jennifer Ledford: Jennifer Ledford is a licensed real estate agent with The Ledford Group at eXp Realty LLC, serving buyers and sellers across Mecklenburg, Union, Stanly, and York Counties since 2016. She is among the top 3% of 18,000+ agents in the Charlotte Metro, an eXp ICON, and has guided 250+ clients through some of the most significant transactions of their lives. Reach her at 704-607-6996 or https://the-ledford-group.com.

Jennifer Ledford | 704-607-6996 | https://the-ledford-group.com

About the author

Jennifer Ledford, REALTOR, has helped Charlotte-area buyers and sellers full time since 2016, with 250+ homes sold. She is a Certified Negotiation Expert with The Ledford Group at eXp Realty LLC.

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