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That Waterfront $4.4M House Drops Even Further To $875K

This one didn't ride the real estate wave well, which means somebody is going to score quite a deal. What was once priced at $4.4M has come down, down again, and down some more to $875,000. Now for some math: the seven acres of land were purchased for $600,000 and the construction costs were just over $4M (including all the fixtures, like that second dishwasher designed for washing crystal we just can't get enough of) so the four bed, 5.5 bath works out to $154 per square foot. Since it is on a creek deep enough for a sailboat just off the Chesapeake Bay and the rooftop cupola has 360 views it's just gotta find a buyer one of these days.

· Listing: 5247 Ragged Point Road, Cambridge, Md [William Ganz/ExitResultsRealty]
· All Prior Ragged Point coverage [CDC]

Ragged Point

5247 Ragged Point Road, Cambridge , md