North Carolina's most expensive home ever goes on the market for nearly $50 ... trends now

North Carolina's most expensive home has gone on the market for $49.99 million, the highest asking price ever listed for a house in state history. 

Situated around 70 miles northwest of Greenville, South Carolina, the 40-acre property is situated in Highlands, a town renowned for its resorts and downtown area. An additional 18 acres is available for $10 million.

The house is listed by agents Reed Jackson and Steve Castellaw of Christie's International Real Estate Highlands/Cashiers. 

So, who owns this wildly expensive compound?

The property is owned by a trust connected to a lighting executive located in London, Andrew Johnson.

Johnson founded U.K.-based Aurora Lighting in 1999. He was a co-founder of the now-defunct Gooee smart lighting firm in the 2010s. He also founded Sagee Capital, which is headquartered in London.

The family spent more than $18 million assembling the property as a vacation residence in the middle of the 2010s.

Johnson told the Wall Street Journal that his family would summer at their North Carolina getaway, but they're not able to use the property as much as they used to.

Built around 2006, Johnson has spent about $10 million on renovations - only just finishing this year.

The main house measures about 12,000 square feet and boasts four bedrooms, a wine cellar, a sleeping porch, a garden-themed sitting room and seven fireplaces.

The guest house has three bedrooms and a movie theatre.

The amenities are extensive, as the compound includes a pool with sunset views, an outdoor amphitheater and a dining pavilion for events and parties.