What Recession? Who Says That Real Estate is Down?

What recession? Who says that real estate is down? Penthouse condos in Baltimore are hot!

Ritz-Carlton Residences, Inner Harbor, Baltimore, MD

Yesterday the penthouse condominium at the Ritz-Carlton Residences on the Inner Harbor in Baltimore, MD was sold. Well, actually it was three penthouses joined together making a 4 bedroom, 6.5 baths, six balconies, and 12,000 sq. ft.

And it sold for a mere $12.6 million. It has views of the Inner Harbor, the Chesapeake Bay, and the Camden Yards sports complex, home to the Baltimore Orioles. And who bought it? None other than Baltimore native and mega-novelist Tom Clancy.

Clancy mastered the techno-thriller genre beginning with his first novel, The Hunt for Red October in 1984, and his empire has expanded to include video and board games in addition to his many best selling novels. He lives on the Eastern Shore of Maryland and will keep that home, but this Baltimore mansion-in-the-sky places him close to the Orioles where he can keep an eye on his part-ownership investment.

Mr. Clancy has also invested in his home town by funding professorships in pediatric oncology and ophthalmology at Johns Hopkins University.

Here is another Penthouse in the sky, a bit smaller, a few less balconies, a few less bedrooms and baths.

Exterior and master bath, 1400 Lancaster Street

Now if you want to live in a luxury penthouse condo in downtown Baltimore, and you want great views, and you want sleek and modern, and you want it new, you could be the first to live in this 10th floor Penthouse condo. You would be just across the harbor from Tom Clancy. But you'd better hurry before we raise the price!

Yes, you could stand on your balcony at 1400 Lancaster Street and wave to Clancy on his balcony, and for a whole lot less money.

No, Unit 1003 does not have 12,000 sq. ft., but it can be bought for $12,000,000 (you counted right – six zeroes) less, and you can still have a top floor, very contemporary building, security, receptionist and two assigned garage parking spaces.

That's what I call a bargain! Purchased a few years ago for $¾ of million, you can have it all for a cool $½ million. Take a look…and then... give me a call 410-530-2400 begin_of_the_skype_highlighting 410-530-2400 end_of_the_skype_highlighting.

Everywhere you turn, a great view. Slate floors, granite counters, stainless appliances.

Looking out from the kitchen, and looking in to the kitchen - beautiful in any direction.

Thanks to Mr. Clancy, penthouse condos in Baltimore are hot!