Historic 500-Acre Estate Listed for $15 Million in Maryland
What happened
The sprawling property known as Mulberry Fields, located in Leonardtown, Maryland, is listed for $15 million. The estate includes nearly 500 acres of land, roughly 1,700 feet of Potomac River frontage, and a Georgian manor house dating to 1755. The property is noted as the only remaining Georgian manor house in St. Mary's County.
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Why it matters
The listing of this high-value, historic estate contributes to the local real estate market in St. Mary's County. Such large, unique properties can influence local land values and the potential tax base for the county and state.
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Who's involved
- MarylandState where the property is located
- Potomac RiverRiver providing frontage to the property
- St. Mary's CountyCounty where the estate is situated
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- MarylandSpeculative
The sale might generate property tax revenue for Maryland.
- St. Mary's CountySpeculative
The high-value listing could increase the local market price and tax base potential for St. Mary's County.
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The entities involved
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Maryland
state of the United States of America
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Potomac River
river in the mid-Atlantic United States
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