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November 18, 2010

Priciest home sale in Md.: $15 million

So an Eastern Shore home -- and its thousands of acres -- is on the market for $30 million. But what's the most someone has ever paid for a house in Maryland?

Answer: $15 million. At least, that's the most paid for a home changing hands on the multiple-listing service, according to Metropolitan Regional Information Systems.

The 11,500-square foot house, built in 1986 on a little over 4 acres, is located in Potomac, a Montgomery County community usually preceded by the adjective "tony." The current owner bought it in August 2005, just about the peak of the market as measured by sales pace.

Here's the aerial view -- you can get to the street view from there.

MRIS has records of seven other home sales in the state for $10 million or more: four in Talbot County (Eastern Shore gathering place of politicos), one in Queen Anne's County, one in Cecil County and an additional one in Montgomery County.

Sales that weren't on the multiple list aren't counted in this tally. I'm guessing this non-MLS group includes author Tom Clancy's $12.6 million purchase of a super-sized Ritz-Carlton condo, created from three penthouses -- unless it's counted as a trio of buys for an average of $4.2 million each.

Just to bring this back to everyday reality: Half the homes sold in the Baltimore metro area last month went for less than $240,000.

Posted by Jamie Smith Hopkins at 7:00 AM | | Comments (1)
Categories: Housing stats
        

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The French Revolution doesn't look so bad.

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About Jamie Smith Hopkins
Jamie Smith Hopkins, a Baltimore Sun reporter since 1999, writes about the regional economy. Her reporting on the housing market has won national and local awards. Hopkins is a Columbia native and has lived in Maryland all her life, save for 10 months spent covering schools in Ames, Iowa.
She trained to become a wonk by spending large chunks of time as a geek and an insufferable know-it-all.
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