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?