Jun 29 2007
Federal Place - Million Dollar Federall Hill Town-Homes
Federal Place a 49 unit town-home community being built on the hill overlooking Key Highway and the Harborview town-homes, and adjacent to Digital Harbor High School. These are very impressive looking properties, no wonder they are priced from $900,000 to $1.25 million. Amazingly they are 5 stories tall. I’m not sure how the builder - Patriot Homes, a Lennar Corp. subsidiary - managed to get the permits to build such high structures. They easily exceed the 35 foot limit enforced on much of the properties in south Baltimore, and tower over the height limits of the nearby controversial Pier Homes.
These houses are pimped out with elevators that run from the 2 car garage level all the way to the rooftop terrace, 2 car parking pad, 3 bedroom, 3.5 baths, professional kitchens, and amazing views. But for that much money I might go with a 6 bedroom estate in the county.
3 Comments to “Federal Place - Million Dollar Federall Hill Town-Homes”
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Yup, these homes just add one more luxury community along Key Highwy. The Ritz, Harborview, Federal Place, Pier Homes - Key highway is quickly becoming one of the most affluent concentrations in all of Baltimore.
I am curious - do you know what is the profile of the typical person who can afford these kinds of places? Or who is actually buying?
Well - I was walked by there this weekend and spoke with the sales rep. Only two have been sold at this point. So I’m not sure there’s a common profile yet. She mentioned there were some others showing interest but hadn’t put money down yet. Obviously the profile is someone with a lot of money - and likely this being their primary residence. These are simply too big to be used as a second home or “city home” for the super rich. Luxury condos are much likelier candidates for that. I would guess it’s pretty much the same person who bought the Harborview town-homes - which now resale for about the same price range. Some of these Harborview units end up being rented to executives or pro athletes - maybe the same will happen with Federal Place. You could also guess that it’s some DC money coming into town - which they expected for the Ritz residences. But I read somewhere that in the end it was almost entirely Baltimore area people buying them.