Inside The Most Expensive Home In Ocean City, Maryland
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- Опубликовано: 8 сен 2024
- It has a pool modeled after a five-star resort and you can fish from almost any room.
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I recently visited the most expensive home on the market in Ocean City, Maryland. The cost to build it was almost 20 times more than the price of the median home in the area, but nothing about this place is average.
The home is a head-turning piece of modern architecture that rises three stories above the sea grass.
As I pull into the driveway, two things catch my eye. The first is a glass sky bridge connecting two separate buildings.
The second is a giant glass garage door. Displayed inside is a shiny black 458 Ferrari Spider.
The owner of the home is Roy Schwalbach, CEO of successful production facility called Jack Studios in New York City.
On weekends he commutes from Manhattan to Ocean City in a Range Rover (or by plane from Teterboro, New Jersey, which takes under 30 minutes), but the Spider is for fun.
Schwalbach - who normally wears Brunello Cucinelli suits and sports a Rolex Platinum President worth over $50,000 - greets me in white denim and bare feet.
Guys like Schwalbach build homes in the Hamptons, not Ocean City. But, he tells me, "this is no ordinary beach house. It's a cross between a Manhattan loft and an ultra-modern beach compound."
Schwalbach's description is spot-on: When I walk inside the poured concrete floors and sleek grey columns make me feel like I'm in a penthouse in Soho. But the water views look nothing like the Big Apple.
In the kitchen, I gently pull on a utensil drawer and it floats open. Before Schwalbach says a word, I can tell he spent a fortune here.
Schwalbach says the total tab for the designer Italian kitchen by Boffi was $250,000. And he says he had to wait a year for it to arrive from Italy via a ship.
We head upstairs.
Gesturing toward the balcony he adds, "As a matter of fact, you could fish from every room in this house. I love fishing, that's what brought me here." Ocean City hosts some of the biggest fishing tournaments in the world.
(The CEO even sports a giant blue marlin tattoo on his left forearm.)
The compound was created from what was originally two homes; Schwalbach built a sky bridge to connect them. We walk across its mosaic-tiled floor and enter the second half of the 6,050-square-foot home.
This is where his duplex master suite begins. The first thing I see is a sparsely decorated room that is actually Schwalbach's walk-in-closet.
Steps away from the bed is the master bath. An 18-foot-long, double-sink vanity runs the length of one wall. The floor is covered in giant terrazzo tiles that, like the kitchen, were custom made in Italy.
The master bath has a hand-carved Boffi tub, which weighs 800 pounds. "We had to haul it up in a freakin' crane to get it up in here before the walls were put up," he tells me.
How much did the Italian tub set him back? "That cost $45,000 and it's worth every cent."
Each of the home's five bathrooms is decorated in colorful mosaics made in Italy.
"Look at that view!" says Schwalbach as he steps onto the deck.
There are three levels of decks so most rooms open onto a terrace.
Steps away from the house is a pool he dreamed up after vacationing at a five-star resort.
"I was in Turks and Caicos at the Amanyara and I was so inspired by the swimming pool that when I came home, I designed it and had it built right here," he tells me. He says recreating that swimming area here cost over $300,000.
"This is a custom made golf green that I built myself with some of the trickiest holes," Schwalbach says.
Thanks to a 194-foot deck, the home's backyard extends over the tide-filled sea grass to the waterway where Schwalbach boats, kayaks, and crabs with his son.
He says he fought the state in court for the right to build the dock. It took four appeals over just as many years, he says, and he estimates it cost him about $200,000 in legal fees, plus another $100,000 in construction costs. But he says it's all worth it when he paddles his boat down to the beach, where he often sees wild horses.
All-in, Schwalbach says the compound cost him $5.2 million.
Schwalbach built this extravagant home as a place for him and his son to enjoy on weekends. He recently listed it with Coldwell Banker for $3,599,000.
CNBC's Ray Parisi is the senior executive producer of special projects.
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This is the most expensive home in Ocean City, MD - take a look inside | CNBC Make It.
$5 million for a view of a swamp??
Tristan Le Coz you wouldn’t get it it’s way better to see in real life trust me
YaBoyBert 69 Until it floods....LOL
The Boys Official I absolutely agree. I grew up in NYC and a sunset on the ocean city bayside is crazy.
Not a swamp, the bay. Big difference.
it's actually a bay that leads into the ocean lol
He’s selling it so low cause it’s sinking
The foolish man built his house upon a swamp.
I cried when he said "we spend great weekends here" cause most people don't have a place to live and he spends weekends there. Oooohhhh the good ole rich life
And i dont think he can spend, enjoy all big house just weekend. Agree wz u, lots of people don't have space to live👍🏻
Actually the most expensive home in Ocean City Maryland is a little over 9 million. Direct Oceanfront, Mediterranean style.
12 million
Do I hear 15?
😅😅😅😅😅😅😅😅😅Still laughing over anyone spending that much on a bathtub! Omg!
Has he not heard of sea level rises?
I live right down the road from there!!!
D sad so you a rich kid too huh?
me too
Literally live a minute or two away from this house. I always admire it when going down to Stinky Beach
Haha Stinky Beach.
I've always heard of that place cause it's supposedly a good surf spot.
I grew up in OC. Used to work at Sportland Arcade and FunCity.
Actually stinky beach is the area you would hop in the bay to paddle over to the northern tip of assateague to surf ... paddle across the inlet to get there.... sometimes the in / outgoing tide ain't your friend... especially after a long surf session.... that whole stinky beach area has changed drastically... unfortunately...
@@jcon2357 never heard that. Stinky Beach I was told was up the northern end of OC where the sewer treatment pipe went out. The surfers would always talk about the swells up there.
Bro....it’s OC, MD. Mansion on 42nd ocean front not bay is worth more. Not the most expensive at all
No agree a estate was listed for 13 million few days ago
Its a nice house and all, but why Ocean City, MD of all places? That whole island is only like 5 feet above sea level max and it won't be long before its underwater.
Interior sucks .. It's just like a regular one million house..too much over charge for house..
Sad to see Ocean City losing so much of its Small beach house charm, and being eaten up by high rise money. Chat St, etc, Sad.
It's actually not lol
This was in open house like 5 years ago. Snuck in by accident and took a bunch of pictures :p
More videos like this please 😀 I love seeing expensive houses
1:23 You can fish from inside almost any room in the house? That's awesome haha
Calvin Raab Personal Finance Videos he would at most catch a sand shark from there. I grew up in OC and family resort I don’t think so.
Love it I just purchased in ocean city too! ❤
Beautiful home! I love it! One view is drastically better than the other.
I've been going to Ocean City Maryland my whole life and I had no clue he had that house there!
Tax and spend Maryland takes all your money, can't wait to move from here!
Is he open for adoption?
did he say his Name was mr EGO
"You can fish from almost every room in the house". Fish for what? Minnows? It's built on a marsh.
I would buy it but no money 💰 no love
May Sal ,😁👍🏻
Who the flock would live in OC Md...let alone anywhere in this over taxed sht hole st..be glad when i move.
Exactly. “Location, location, location.” He ignored all three.
smokeGR20 I hope you know I would live in ocean city Maryland, in fact my uncle lived there and he said it was beautiful, I go every weekend and to go work in the waters, spend the nights out, go parasailing often is an amazing life to live, you must not come down here often because you have no clue what it’s really like..
Giana DIY fax I go there every summer me and my little cousin hype it up so much it’s just a feel of adrenaline and excitement when you cross the bridge
I would love to settle in OCMD! I don’t mind higher taxes because if you can afford to live good in MD, there’s no better state to live!
Compared to NY, which is where he said he's from, it's a bargain. Still over-taxed but not as badly as NY.
Nice
dude get your creepass camera crew away from my new crib
Too much white.
I've been in nicer homes in Ocean City.
Lovely 😊
How is it that your everywhere on YT.🤔
If my business takes off, that will be my house.
I hope your business takes off buddy
I only wanna live in ocean city Maryland cuz Steven universe 😂😂😂😂
who dat?
Ohh wow, he spent all that cash in a flood area .
I'd rather have a yacht parked there at the marina
I hate it
Still --no hair. Just sayin.
all money no brains!!
Just because he paid that much to build it doesn't mean it's worth it. Personally think it looks very bad and bad design.
More money then brains
In trashy ocean city. Ewww