Top home sale in the Baltimore area in December
Photo courtesy of Bonnie Parks
The Baltimore-area housing market topped out at $3.2 million in December. The property above shows what those buyers got for their money.
The home, on about 3.5 acres of land where the South River meets Selby Bay in Anne Arundel County, has its own pier, beach and two-bedroom guest house.
"It's just the most phenomenal lot, with all the waterfront," said Bonnie Parks, broker of Annapolis Realty, who was the listing agent. "It looks ... all the way down to the Eastern Shore across the Bay."
The sellers -- who had purchased for $4 million 10 years ago and were asking $4.5 million -- live in New Jersey and used the Edgewater home as a weekend place, she said. The buyers live in Maryland but also plan to spend weekends there.
The three-bedroom main house, built in 1995 on the foundation of the original 1920 structure, has large screened-in porches and a master suite with a bathroom "the size of most people's bedrooms," Parks said.
Whether legend or truth, the story passed down from owner to owner is that the property was a speakeasy in the '20s. "There's a huge safe in the basement," she said. "When the current buyers looked at it, they said, 'Hmm, bet there was a lot of rum in here.'"
Here's a close up of the house:
Above: the exterior. Below: the marble-flooring foyer.
And that's your monthly postcard from the upper echelon. What would you spend $3.2 million on, if money were no object?
Categories: Priciest home of the month
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Comments
WOW. That is quite the deal for 3.2 Million!
Posted by: Jonathan Benya | January 21, 2011 10:26 AM
Nice property. Ugly interior design. Only thing missing is a huge disco ball
Posted by: Darwin Rules | January 21, 2011 11:01 AM
I feel sorry for the loan officer and real estate agent for this home. Why were the buyers so cheap? 3.2 million? thats it? I wou.ldn't go to a cocktail party and admit to my friends I paid that little! The banks couldn't have lent them the $4.5 million the sellers were asking for? IF rich people continue to be so stingy with their money - how is the State of Maryland going to collect the tax receipts it is looking for? This is the kind of thing that makes me sick and why we need to let bankers get back to their core business of loaning out too much money. We are never going to stop the deflationary spiral we are in if they don't!
Posted by: Peter Elling | January 21, 2011 12:36 PM
Beautiful home and location--I wonder if they could have gotten closer to their original purchase price if they had staged the home better. None of the furniture in the pictures make sense together, and it looks like they took whatever leftovers they had to furnish that house. Not that I'm in the position to judge the decorating approach of a second home that's worth 10x more than my only home!
Posted by: kmm | January 21, 2011 4:35 PM
There's some kind of disconnect here. The exterior of this home is saying one thing and the interior another. Hopefully, the new owners will go with some of the ambiance the architecture and beautiful shore setting inspire. The interior is reminiscent of a catering hall. Strange.
Posted by: ruth | January 22, 2011 9:17 AM