A Castle Bed and Breakfast for $690,000

By Douglas A. McIntyre Updated Jan 13, 4:26AM EST · Published Aug 20, 9:10AM EDT

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A Castle Bed and Breakfast for $690,000 — © Thinkstock

The most searched house on Realtor.com this week is what the listing agent calls a castle bed and breakfast. At more than 7,000 sq. ft. on the market for $690,000, the house would seem attractive. However, 15925 Mount Savage Rd. NW, Mount Savage, Maryland, is truly in the middle of nowhere.

Mount Savage is in the northern part of Maryland, close to the Pennsylvania border. It is about midway between Washington, D.C., and Pittsburgh. It is near the town of Cumberland and sits north of I-68.

According to the 2010 Census, Mount Savage had a population of 873. Over 96% of the population is white. The percentage of people below the poverty line is about half the national average.

The castle at 15925 Mount Savage Rd. NW has seven bedrooms, six full baths and three half-baths in 7,216 square feet on 1.56 acres. The house was built in 1850 and looks it.

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Hard to say what it would cost to fix up, particularly if someone wants to live there and not be in the bed and breakfast business.

The listing:

Elegant Historic Landmark full of charm and unlimited opportunities! Estate home or continue with B&B/Weddings/Events as the current owner has over the past 13 years. Offer 7 bedrooms and 6 full baths, 3 half baths, third floor owners suite, carriage house and exquisite landscaped surroundings. Unique and exceptional in every way. Additional home may be purchased separately adjoining the parcel.

A comment from Realtor.com:

This week’s most popular home is a Scottish-style castle built in the 1850s. And while we’ve seen castles inspire visions before, this week’s is different. This Maryland fortress happens to come with an income opportunity. The stone structure is a bed-and-breakfast! You can knock out two of your dreams with a single stone.

We weren’t surprised to see the castle soar to the top of this week’s most popular homes, but we were surprised by the price attached to this dreamy opportunity: a mere $690,000. While it’s not exactly pocket change, we have a feeling the mortgage will be covered over easy if a buyer knows how to crack an egg.

If someone wants to live nowhere.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.