The housing market exploded last year and the trend has continued halfway through 2022. 18632 Woodgate Place, a 7 bedroom, 8 bathroom, 5,915 SF home in Olney, has been listed at $2,499,000– making it the highest priced residential listing in Olney history (photos below).
Based on the current market, the home is expected to beat the $2,066,986 sale price of 16672 Bridle Ridge Lane in Olney, which sold in 2019. The Bridle Ridge house is a Toll Brothers home with 11,182 SF living space with 5 car garage on just over half an acre (0.55 acre), according to our real estate expert Nurit Coombe.
The home on Woodgate Place, which is listed by Jamie Coley and Leigh Reed of Long & Foster, is described as a “one-of-a-kind resort home with multiple additions and upgrades nestled on a cul de sac backing to acres of wooded Rock Creek parkland.”
In addition to the 7 bedrooms and 8 bathrooms, the home has a 6-car garage, two outdoor kitchens & outdoor bar, fire pit, sport court and horseshoes pit with lights, propane fire pit, hot tub, and heated pool with custom slide., and a pool house with lockers, two showers, two baths, sinks, and pool toy storage area.
A home just outside of Olney, at 17734 Norwood Rd in Sandy Spring, is currently under contract after being listed at $2,580,000. That home has 16 bedrooms, 13 bathrooms, and 13,227 SF.