Ex-Rite Aid chief asks record price for 16-acre estate

REAL ESTATE DIGEST

March 04, 2001

Martin L. Grass, the ousted chairman of Rite Aid Corp., has put his 16,000- square-foot Green Spring Valley estate home on the market for $3.975 million, the highest listed price for a residence in Baltimore County history, according to local real estate agents.

The property gained notoriety in the late 1990s when Grass used part of the 16-acre site as a landing pad for his daily helicopter commutes to the company's Harrisburg, Pa., headquarters. The practice led to a number of zoning fights between Grass and his neighbors. Grass was replaced at Rite Aid in 1999 after financial irregularities were discovered.

Described by one real estate agent as "the most lavish" residence in the county, the home had been quietly marketed since the end of last year by Hill & Co. of Cross Keys. The property was put into the Metropolitan Regional Information Systems Inc. multiple listing database last week, and an invitation-only showing for Realtors was held Wednesday.

The home, built in 1988, has seven bedrooms, nine full and two half bathrooms and four fireplaces. It also has an elevator, gourmet kitchen, maids quarters, in-law suite, photo lab, theater and underground garage.

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