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11900 River Road
Potomac, MD 20854
$34,900,000
Conventional
Property
Bedroom
5
Bathroom
Full: 6, ½: 6
Property Type
Conventional
Square ft
25119 Square Feet
Property Description
Tucked discreetly behind an arched gate and approached by a half-mile avenue of trees, this 13.5 acre estate perfectly embodies the grandeur of French Chateau living. A masterful collaboration between architect John Ike, designer Geoffrey Bradfield & the unparalleled construction of Horizon Builders, the main house sits on a knoll with unobstructed views of the Potomac River and protected parkland on either side. Wrapped in limestone and crowned with a slate Mansard roof, the primary residence features every hallmark of that iconic style; elegant and polished, but one that never competes with its breathtaking setting. Adorned with window boxes and decorative shutters, the timeless façade opens via custom wrought iron doors to a 25,000 sq foot interior where panoramic views are integrated into its soul. Simply stunning, the entry vestibule adjoins a reception hall with dramatic coffered ceilings, a 24-foot limestone fireplace, and a grand staircase. Floor-to-ceiling window expanses and multiple doors open to covered terraces and balconies that celebrate the surroundings. Lavish applications of glossy and honed marble, rich mahogany, thick, intricate moldings, and imported stone offer a glimpse of the detailing that went into the design and craftsmanship. At every turn, the water views effortlessly influence the design, while the elegant, understated palette provides the perfect backdrop for art and furnishings from antique to modern. The primary residence is arranged over 4 levels that includes entertainment-sized reception rooms, a commercial-grade chef’s kitchen, main-level library, & an octagonal conservatory. The walk-out lower level is incredible, featuring a clubroom w/ a magnificent bar, a theater, & an amazing wine cellar that rivals those of the finest restaurants. An elevator accesses every floor. The main house also allows for the comfort and private enjoyment of the residents: with an intimate breakfast room overlooking the water, 4 luxuriously appointed upper-level bedroom suites, a custom playroom, and a heated pool and loggia. With sweeping views of the Potomac, the owner’s suite features 2 full baths, expansive automated dressing rooms, a built-in watch winder, & personal grooming station. The primary suite adjoins an executive-size home library, w/ a substantial marble fireplace & a surround of mahogany built-ins. Comprising more than 40,000 square feet of living space, the compound includes two additional buildings that were crafted with the same meticulous attention to detail. A thoughtfully designed 3-level guesthouse with 11 garage bays presents the ultimate flexibility for the new owner; a showroom-style space for automobiles that effortlessly transforms into one that can host the most glamorous black-tie gala. and houses a catering kitchen. The upper level of the guesthouse offers a spacious gathering room w/ fireplace, 2 ensuite bedrooms, kitchen and powder room. A 4,500 square foot staff house is located at the entry to the compound & offers living space, multiple offices for property management & garages for the grounds equipment. Every consideration for privacy, security and luxury has been incorporated into the infrastructure of this estate; there are walk-in refrigerators & freezers, reverse osmosis water systems, even smoke-eaters for the cigar aficionado. Generators protect all 3 structures, & in the event of winter weather, automated heating systems at the front steps & cobblestone garage court prevent snow/ice accumulation. All this convenient to the nation’s capital, 2 airports & less than 1.5 miles from Potomac Village. The transfer of title of this magnificent property doesn’t just extend to its new owner but will have an immeasurable impact far outside its gates; the proceeds from the proceeds from the sale will be donated directly to the research and work of The American Cancer Society. The Estate at River Run is truly like no other.
Property Information
Lot Size
9 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2004
MLS Number
--
Location
Address
11900 RIVER ROAD
City
POTOMAC
State
MD
Zip Code
20854
County
MONTGOMERY (CENTRAL)
Listing
Provider
Name
Phone
(301) 298-1001
Office Name
Office Phone
(301) 298-1001
Agent Name
Cara Pearlman
Agency Phone
(301) 298-1001

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.