Home News This Baltimore-Area Home Aims to Set a Price Record—Again

This Baltimore-Area Home Aims to Set a Price Record—Again

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The $ 12 million home listing is the most expensive property on the market in the Baltimore metropolitan area, according to Lydia Travelstead of TTR Sotheby’s International Realty, which is listed with fellow Alex Lerner.

A four-bedroom, approximately 15,500-square-foot home on five acres on the outskirts of Cave’s Valley traded for $ 11.5 million a year ago, surpassing the previous $ 8 million record for Baltimore County at the time, according to Travelstead. rice field.

Seller Betsy Sherman is the widow of the deceased

Black and Decker

Executive George Sherman. Sherman said she bought a house for $ 11.5 million in the summer of 2021 as a place for her husband to recover after her husband suffered a brain injury in 2020. She said she was large enough to accommodate the caretaker and gave her husband more mobility.

However, Mr. Sherman died at the age of 80 months before they planned to move to a new home, Mr. Sherman said. She said she has had little time to spend at her home since her death, and she favors villas in Miami and Maine and townhouses in Baltimore.

“The plan didn’t work as we expected,” Sherman said. “My needs have changed, and it’s a little sad to me at this point.”

Built in 2014, the house features a golf simulator, gym, indoor and outdoor fireplaces, dog wash, wet bar and wine cellar. The property has a swimming pool, an outdoor kitchen and two garages for three.

“The house really didn’t need anything. That’s one of the reasons we bought it,” Sherman said. “We were already living with tremendous stress from George’s situation.”

Sherman said he enjoys the main living room most, with views of the pool and the property beyond. “It’s very quiet, especially in winter, and especially when there is snowfall,” she said. She said her husband would have enjoyed sitting on the patio.

According to Travelstead, the house boasts record prices due to its high-end finish, design and proximity to the golf course of the Cave’s Valley Golf Club.

Sherman was President of the Black & Decker Power Tool Group and Chief Executive Officer of a Washington, DC-based conglomerate.

Danaher Corporation..

He and Sherman were married for about 55 years and had four sons and five grandchildren.

Homes in the Baltimore metropolitan area over $ 750,000 sold at a median of about $ 915,000 in March, down 1.6% from the same period last year, according to Long & Foster Real Estate.

Write to Sara Painter [email protected]

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