Got $11.9 million lying around?
Million-dollar homes aren't unusual anymore, but $11.9 million is a different story. That's the asking price for a spread in Annapolis that sits on about 20 acres and looks out over the Chesapeake Bay.
The listing, which went up last week, says the brick-and-stucco Tudor house has a two-car garage, five bedrooms and four-and-a-half bathrooms. (No standing in line for the loo!) There's also a guest house and a waterside patio.
The home is assessed by the state at a much lower value for property-tax purposes -- $1.5 million -- but then the use is listed as agricultural.
Thanks to reader Ted Kluga for noticing that this property hit the market.
According to Metropolitan Regional Information Systems, 801 of the homes for sale in the Baltimore metro area in July were priced at $1 million or more. Just 20 were listed for at least $5 million.
It's not an easy time for the luxury-home market, which has to contend with financing constraints plus potential buyers with their own pricey homes they'd need to sell first. Not that this is news to any of you.
Seen any interesting homes on the market lately?
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Comments
People may not realize it, but there are a number of 1920's era houses like this one on that point of land. It's been in private hands for decades, but if you ever had the chance to spend time on the point, like I did, you'd be amazed at these places. No McMansion could ever compete with a property and house like this one. Let's just hope that who-ever buys it keeps the land intact and doesn't ruin it by throwing up a development.
Posted by: pigtown | September 10, 2009 10:19 AM
You asked for an interesting property, here you go...
3925 FOLLY QUARTER RD, ELLICOTT CITY, MD 21042
Currently Listed for $17,000,000
Sold in 1992 for $2,000,000 by Michael Jackson. Currently owned by Jonas Cash.
The home was built by the owners of Pimlico, part of the Doughregan Manor Farm, owned by Charles Carroll, signer of the Dec. of Independence. 54+ ac. of pristine pastures, horse barns, guest cottage, pool & tennis, out buildings to complement the world class residence of 8000 sq.ft of luxury
Click the following URL to see the listing:
http://mrislistings.mris.com/Matrix/Public/Portal.aspx?k=1851892X19RE&p=DE-88757113-638
Personally, I think you are paying for the history...hahah
Posted by: Baltimore Homes | September 10, 2009 5:37 PM
Thanks for the perspective, pigtown!
And Baltimore Homes, $17 million certainly beats $11.9 million -- well, unless you're a prospective buyer. Thanks for sharing it.
Posted by: Jamie Smith Hopkins | September 10, 2009 8:19 PM
Haha, this on the Folly Road is real:
http://pix1.homevisit.com/tourLite/?id=37770&skin=&ver=
Is someone giving NINJA loans nowadays?
Posted by: RonMac | September 11, 2009 10:48 AM