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Location: Annapolis, Md.
The Skinny: Annapolis, Md., with its well-protected harbor and location on the Chesapeake Bay, is a popular yachting mecca and has been home to the U.S. Naval Academy since 1845. The bucolic Navy campus is one of the country's most beautiful, with imposing buildings and glorious waterfront acreage. With this nine-acre estate, the buyer gets a could-be campus with an 11,000-square-foot Tudor-style mansion, a waterfront location with deepwater dock and boathouse, a three-car garage, separate guest cottage, swimming pool, tennis court, and horse barn. The decor is a couple decades out of date, but given that it's priced near $8M, the next owner should have the cash to touch the place up.
· Waterfront Manor Home [Sotheby's]