Priciest Baltimore-area home sale in August: $9.5 million
Photo of Butler Road near Falls Road by Tenney Mason of Patuxent Publishing
Here's an eye-popping stat to start your day: A Baltimore County property sold for $9.5 million in August, by far the region's most expensive sale of the month.
It's not an all-time record -- author Tom Clancy spent $12.6 million in 2009 on a huge Ritz-Carlton Residences penthouse that was originally three separate units. (Clancy went on to purchase three more condos at the Ritz to round it out to six.)
But $9.5 million is still really unusual for the region.
The property, on Butler Road where Reisterstown and Sparks Glencoe meet, is more than 100 acres with a four-bedroom, seven-bathroom house. The listing says 144 acres; the property records suggest 108. A few more details here, including an aerial view. (The photo above is in the general area.)
The buyer was Michael Lund Petersen, presumably the same Michael Lund Petersen who bought a condo for $2.7 million in 2008 ... at the Ritz. Small world.
I called jewelry company Pandora yesterday to see if this is also the same Michael Lund Petersen identified in past years as the company's president -- and one of the selling shareholders when Pandora went public last year -- but did not hear back. Pandora is best known for its high-end charm bracelets.
All told, 20 properties in the Baltimore region -- the city and its five surrounding counties -- sold for at least $1 million in August.