Hot House: 435 Ginn Lane, Pasadena, MD 21122
Glass, steel and concrete house, contemporary design by Leo D’Aleo, circa 1990. 10,000 sq. ft. over four stories, with 4 bedrooms, 4 full, 2 half baths, gourmet kitchen, glass walls, spiral staircase, marble floors, top floor observatory. 3.5 acres of land, with deep water dock, swimming pool, private beach, two bedroom gatehouse, putting green: $5,900,000
What: An old adage, with a new twist: “if at first you don’t succeed, try again — at a higher price.” This house, which has been on and off the market — seemingly since time began but actually only since Merritt Athletic Club owner LeRoy Merritt died in early 2010 — didn’t sell at its original $7.9 million asking price. In June 2011, it was scheduled to be auctioned (see Hot House May 3, 2011), but never made it to the block. According to Curbed DC, the seller received an offer, took it out of the auction, then countered the offer and eventually lost the buyer. Okay, that can happen. The starting price at auction was $3.5 million, and with its unique location and 10,000 square feet of high-end design, Curbed reckoned it was worth more. Still, presumably you could have had it for $3.5M. Not bad for river views in every room, and more. After some time to reflect, the seller has decided Curbed was right, and has listed it for $5.9 million, two million more than the auction price (but $2 million less than the original ask). It’s an interesting approach. Let’s see if it works.
Where: A private peninsula on the Magothy River, overlooking Broad Creek and Sillery Bay. Pasadena is on the western shore of the Chesapeake, close to Annapolis and Severna Park. It’s about a 50 minute drive from Baltimore, depending on traffic.
Pasadena is mostly about being on or near the water — windsurfing, parasailing, boating, fishing for and eating seafood. Severna Park Mall is closest shopping to Ginn Lane, about a 15 minute drive.
Why: It’s a jaw dropper, no doubt about it, and the water views are all that.
Why Not: Too much transparency?
Would Suit: Julian Assange
NB: Merritt’s other house, at 622 Ponte Villa’s North, is an ocean-liner style house that overlooks Baltimore’s Inner Harbor. At 9,000 sq. ft., it has also been on the market for years, priced at $8.5 million.
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