Baltimore County’s most expensive home is back on the market

The most expensive house in Baltimore County. (Townsend visuals)

Baltimore County’s most expensive home is back on the market, a year after setting a sales record in the area.

The Wall Street Journal reports that the four-bedroom, 15,000+ square foot home in suburban Caves Valley has gone on sale for $12million – just a year after it sold for a record $11.5million dollars, which broke the previous record sale in the $3.5 million area.

The house is owned by Betsey Sherman, the widow of Black & Decker executive George Sherman, who bought it last year in hopes that her husband could recover from a severe brain injury, according to the report. But George Sherman died before they could move in. He was 80 years old at the time of his death.

Built in 2014, the home includes a gym, golf simulator, indoor and outdoor fire pits, bar and dog wash, according to Lydia Travelstead of TTR Sotheby’s International Realty, who has the listing with colleague Alex Lerner. The five acres the home sits on also include a swimming pool, outdoor kitchen, and two three-car garages.

Travelstead said the house sold for a record price thanks in part to its expensive finishes and its position near the Caves Valley Golf Club.

Chairman of Black & Decker’s power tools group and chief executive of Washington, DC-based conglomerate Danaher Corp, George Sherman and his wife had been married for more than 50 years at the time of his death. The couple have four sons and five grandchildren.

Although Betsy Sherman spent little time at home, she told the Journal that she enjoyed the tranquility of the largely glassed-in living room.

“It’s so tranquil, especially in the winter, and especially when there’s snowfall,” she said.

The median price of high-end homes in the Baltimore area is down 1.6% since last year, with homes costing around $950,000 in March, according to the report.

[Wall Street Journal] — Vince DiMiceli

Comments are closed.