(Bloomberg) -- On a rainy April day in 2002, Maxine Davis Phillips and Steve Phillips visited an abandoned friary on a 23-acre hillside in Annapolis, Md.
āThe listing said ā26 bedrooms,' and I wasĀ like: We have six kids, not 26, and most have married and moved away already,āĀ she recalls. HerĀ then-fiancee suggestedĀ they swing by the property, anyway. Perhaps, he offered, they could tear down the house and build a lovely new one.
When they arrived and began to tour the listing's Georgian mansion, dormitory, chapel, and outbuildings, Phillips says that Steve, the president and chief executive officer of Phillips Seafood Restaurants andĀ founder of Phillips Foods,Ā began to rhapsodize about how āno rain was coming in, even though it had been abandoned for a decade.ā She was primarily concerned with āthe cobwebs and the raccoons.ā
The raccoons lost out to the roof.
āMy husband is an impulsive man,ā Phillips says. āAs he's wandering through, he goes,Ā āLet's make an offer.'ā There was, she acknowledges, āa lot of emotion in the offer, which is not what they tell you to do with real estate,ā but Phillips says her husband was āso excited about the property.ā
What she didn't know until later is that he was also excited about the building. āJust to be clear,ā Phillips says, āI was not.ā
They paidĀ $2.5 million for the house and grounds, at which point they went back to visit with the goal, Phillips says, to āsee what we bought.ā
There was theĀ mansion, built in the 1920s; the chapel, built in the 1950s; the dormitory; several garages and sheds; a huge hillside filled with overgrown paths and gardens; and a dock near aĀ heavily overgrown tennis court.
The renovation, Phillips says, took āfive years, six months, and 27 days. I was counting.ā
That was partially because she says the entire effort cost them $32Ā millionā$18Ā million aboveĀ their initial budgetāand also because āwe weren't married when we bought this, and the idea was that we would get married in our new home.ā As the years dragged on, Phillips says she decided āenough is enough,ā and the couple was married in a small ceremony at their formerĀ home. (Once they had completed the house, they threw another party.)
Now, 18 years after buying the compound, they've decided to sell it, listing with TTR Sotheby's International Realty for $24.9 million. āWe're both getting older,ā says Phillips, āand my husband has become an offshore fisherman, and it's hard to have that lifestyle and a home that requires someone here who loves it and enjoys it.ā
Epicurean Delights
The property was said to be a major stopping point on the underground railroad, due its proximity to the Severn RiverĀ and an extensive tunnel system (more on that later). In 1911, the land was purchased by E. Bartlett Hayward, a local grandee whose fortune was derived from casting 75-millimeter shell casings for French field guns during World War I.Ā
Hayward built the mansion that's on the property today, and used it for various bacchanals. Apparently, Hayward once threw a 72-hour-long cook-off, was a part-time bootlegger (possibly for his own consumption), and played epic, high-stakes poker games.
However epicurean Hayward's lifestyle, it paled in comparison with the property's next full-time occupants, a group of Franciscan friars. (Hayward sold the property in 1945, it changed hands over the next five years, and the friars arrivedĀ in 1950.)
Phillips was stunned to discover that the friars had installed a bowling alley in the chapel's basement. (āIt seems really weird to me, but I guess they didn't bowl during services,ā she says.) They also built theĀ tennis court nearĀ the dockĀ and installed multiple massive, outdoor pizza ovens. āHow scenic was this lifestyle,ā Phillips says. āIt doesn't sound like they had a rough life.ā
Despiteāor perhaps because ofātheir mountaintop idyll, the friary was disbanded in the 1980sĀ and sold to two local investors.
The investorsĀ sold it to the Japanese government in 1989, which turned it into Yokohama Academy,Ā a boarding school for young Japanese boys. When the neighborhood got wind of theĀ major new school, major community opposition arose,Ā Phillips says, forcingĀ the schoolĀ to close. The compoundĀ was bought by a furtherĀ set of owners who held onto it, realized that restoration would cost too much, and sold it to the Phillipses, who suddenly found themselves part-owners, part-archeologists as they unearthed the property's history.
Hidden Treasure
āIt started almost like being on a treasure hunt,ā Phillips says. āWe'd pull down wallboard and find these beautiful old fireplacesāand gorgeous plaster ceilings that had been covered up with drop ceilings. The dining room's woodwork had been boarded up;Ā even some of the floors had been obscured.ā
There was also, Phillips says, āan old rusted safe. So my husband is Mr. Engineer and starts whacking at it with a crowbar, and sure enough, he finds a false door.ā Through the false door, they found a tunnel that leads to the water. Already aware of Hayward's reputation as a bootlegger and international munitions dealer, the couple hoped to āfind bullion, or at least some good rum,ā Phillips says.
Because she was āthe smallest,ā her husband and contractors made her follow the tunnel into a series of underground rooms. āI was just waiting to step on a skeleton, but we found nothing interesting,ā she says.
The couple decided to remove the dormitory, which lacked architectural and historic appeal, and replace it with an infinity pool. The chapel was momentarily on the chopping block, tooāāWho needs a church?ā thought Phillips initiallyābut once they started spending time on the property, āit just seemed to sort of belong to the rest of the house.ā
They did, however, remove the church's confessional. āMy husband thought I'd make him sit in it,ā Phillips quips.
The rest of the house was meticulously restored: Horsehair plaster ceilings were replaced with other horsehair plaster ceilings; pine boards were sourced to match existing flooring; and marble samples were taken to Carrara, Italy, to be matched with existing mantlepieces.
A Few Flourishes
They also made additions. The bowling alley was replaced with an underground pool and spa; they added a small funicular to take them up and down to the waterfront; they built a series of structures on the property, including a teak pavilion in the forest; and they built out the library, paneled the billiards room, and constructed a new, outdoor kitchen.
With all their modifications, the home covers 26,000 square feet. It has seven bedrooms, eight bathrooms, and dozens of entertaining spaces.
For all that, Phillips says that they haven't used the house for many parties. āIt was designed for people to entertain a lot, but it's a little weird because we don't,ā she says. The couple are avid sailorsĀ and travel often to Europe, so the house has become āa kind of retreat.ā
Letting Go (or Not)
Eight years ago, the couple put the house on the market for $32 million.
Several serious buyers were interested in the property, Phillips says, but prospective purchasers consistently ran into an insurmountable problem: Phillips's husbandĀ refused to leave the house when buyers came to tour it.
āI would go outside and read a book,ā when buyers came, Phillips says. āSteve would always be present.ā In asides to buyers, it became clear that her husband was not ready to let go. āHe'd be saying things that were a kind of passive resistance,ā she says. āFinally, the agent came to me and said: āSteve doesn't want to sell the house, does he?'ā Phillips recalls.
The couple eventually took it off the market.
Now though, Phillips insistsĀ they are both very ready to sell the home. While the friary ārepresents a big part of our life,ā Phillips says, she won't miss āhaving to manage this much property.ā
It will, she adds, ābe much harder for my husband.ā
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