Annapolis Waterfront Luxury: Sold by Jerry Kline for $1.9 Million

This 5,239 sq. ft. waterfront estate home in Annapolis, Maryland, was recently sold for $1.91 million by Jerry Kline, realtor, Keller Williams Flagship of Maryland.

On rare and auspicious occasions, properties of exceptional quality and uniqueness are sometimes made available for new stewardship. When the owner of this luxury Annapolis waterfront retreat, located 5 minutes by boat or car from the U.S. Naval Academy, prepared to retire and move from the area, he contacted Jerry Kline, with Keller Williams Flagship of Maryland, to sell this special property for him. Jerry obtained multiple offers for the home, and sold the home for more than the asking price.

Tucked in a completely private, 3.52-acre setting, the estate offers gorgeous river and wooded views from nearly every room in the house. A prime example of California Contemporary architecture at its very finest, the home boasts a separate 649 sq. ft. in-law suite, an in-ground salt water pool, 2 kitchens, 3 wet bars, 6 garage spaces, 2 fireplaces, multiple skylights and countless patios, decks & walkways.

The pool and Severn River view at 1605 Pine Lane Retreat in Annapolis.

Approached through towering pines down a meandering stone lane, this completely hidden gem is ideal for those seeking a true Annapolis maritime lifestyle. For the sailing and power boat enthusiast, there's 650 feet of water frontage, direct access to the Chesapeake Bay, a deep-water pier on a protected cove and a boat lift with ready water and electric supply.

The pier at 1605 Pine Lane Retreat in Annapolis.

The home rests in a tranquil, Asian-inspired setting that seamlessly mixes myriad stone finishes, warm-tone woods, soft, natural light and an immense variety of plant materials, surrounding forest and exterior water features.

The owner’s suite overlooking the Severn River.

With this elegant estate home, the owner can enjoy complete solitude, work from home or comfortably entertain 100 guests. The graceful and contemporary design accommodates the owner’s most ambitious -- and peaceful -- pursuits.

The main kitchen at 1605 Pine Lane Retreat in Annapolis, Maryland.

Do you know someone looking to buy or sell a luxury property in the greater central Maryland area? Contact Jerry Kline, realtor, Keller Williams Flagship of Maryland today! (443) 924-7418

Anne Arundel County $1.5+ Million Luxury Home Sales Rise 41 Percent This Spring

Annapolis luxury homes

High-End Properties Are Selling Faster Than Last Year, But Competition is Heavy

Sales of Anne Arundel County luxury properties priced $1.5 million or more have risen dramatically this spring, with more total homes sold and homes selling more quickly than they did in spring 2015.

Owners seeking to sell such properties must have unique, feature-filled homes or be able to offer a great price, however. Otherwise, heavy competition in the county’s luxury home market will easily thwart their efforts to sell.

Year-to-date luxury home sales figures published by Metropolitan Regional Information Systems (MRIS) show that 17 Anne Arundel County luxury homes priced $1.5 million or more sold through May 17 – an increase of 41 percent over the same period last year.

Moreover, these homes sold 20 percent more quickly, on average, than they did last spring. The average number of days on market for the luxury properties sold this year is 161 days, as opposed to 202 days for homes during the same period in spring 2015.

Anne Arundel County’s luxury home sellers should do all they can to sell their homes in the first six months they are on the market. After 180 days, MRIS figures show, the chances of finding a buyer for such homes become very remote.

For example, on May 17 there were 109 Anne Arundel County homes for sale priced $1.5 million or more. Of those properties, thirty-eight had been on the market for nine months or more, and twenty-four had been on the market for a year or more.

In contrast, of the 17 Anne Arundel County $1.5+ million properties sold this year, all but two were on the market six months or less. (The other two properties were on market 452 days and 1,402 days, respectively.)

Through the same period in 2015, 12 luxury homes were sold. Five of those homes had been on the market six months or less.

The main hurdle facing the county’s luxury home sellers is the current overabundance of for-sale luxury inventory. At the current absorption rate of 3.75 sales a month, there is a 29-month supply of county homes priced $1.5 million or more.

As of May 17, there were 21 county properties priced $1.5 million or more that were under contract and headed for closing.

Jerry Kline is a Realtor with the Odenton, Maryland, office of Keller Williams Flagship of Maryland (1216 Annapolis Rd., Odenton, MD 21113.) For more information on the local real estate market, contact him at (443) 924-7418.