Real Time Real Estate | January 2009
By Douglas Alan Ross
Travelers Rest Farm, Easton
Primary Structure Built: c. 1820
Sold for: $3,580,000—Listing Price: $3,650,000
Bedrooms: 4 Bathrooms: 3 full/2 half
Historically significant properties located in extraordinary surroundings with amenities that most of us can only dream of are not only gaining in value, they're going fast. Purchased in early 2008 for $3,100,000, Travelers Rest Farm recently came on the market again and was under contract in only three weeks, selling for $3,580,000—an appreciation of $480,000 in six months. (Deducting closing costs, commissions, and some upgrades and remodeling still nets a sizable chunk of change.) Selling agent Brian K. Gearhart says, “Properties like this do not hit the market very often; and when they do, they tend to sell quickly. The property features many of the amenities that second-home buyers, most from major metropolitan areas, are looking for.” He notes that the estate was in turn-key condition, has recent updates and renovations, and a private, well-maintained, estate-like setting. “Its close proximity to Easton, St. Michaels, and Oxford also separates this property from others,” Gearhart adds.
Once part of an original working farm called the “Mansion House at Travelers Rest,” according to documents recorded in 1852 (though research indicates the structure was built earlier), the Tidewater Colonial estate is situated on seven acres of land with 300 feet of waterfrontage. It is perpendicular to Maxmore Creek and at the end of a long, tree-lined drive. Emphasizing the 5,400-square-foot home’s character throughout are a grand entry foyer with hanging staircase; original fireplaces, mantels, wide plank flooring, and crown molding; huge, open kitchen/family room area with two center islands and bar. The manse also has what is now called “River Room,” which at one time was the original kitchen. The space—which has built-ins and a wet bar, is connected to the main house by a hallway. An idyllic, two-story guest cottage features a living room, kitchen, bath, two bedrooms, and screened porch; and a two-story barn, converted into a guest/caretaker retreat, has a beamed cathedral ceiling, kitchenette, bath, and large media room. The property also boasts an in-ground pool with spa, pier with cedar-shingled boat house, tennis court, water tower, 10-bay barn and storage shed, three glazed-tile silos, and detached, two-car garage.
“Buyers who have owned second places at the beach are discovering the convenience of having a home in the Mid-Shore area. Not only does it save on driving time to the beach, it’s within easy reach of the western Shore,” says Gearhart. “In addition, it offers a slower-paced lifestyle for young professionals who are seeking a smaller community in which to raise their children.”
Tags:
real estate
easton
More Articles