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Hot Property: $4.17M Ruxton estate owned by ‘the next Bernie Madoff’

July 2, 2025 by The Baltimore Sun

Address: 1848 Circle Road, Ruxton

List price: $4,175,000

Year built: 1869

Real estate agent: Diane Donohue, Monument Sotheby’s International Realty

Last sold price/date: $2,499,000 / Dec. 11, 2020

Property size: 3.05 acres

Unique features: This imposing three-story colonial has many perks — a bridal staircase, Italian marble, hardwood floors and its own gym. It also has a skeleton in the closet. The mansion recently belonged to Kevin Merrill, the Towson financier now serving time for running a multi-million dollar Ponzi (investment fraud) scheme. When FBI agents arrested him there, in 2018, they seized $500,000 in cash on site. “You were on your way to becoming the next Bernie Madoff,” said U.S. District Judge Richard Bennett during Merrill’s 2019 sentencing.

The elegant 19th-century estate boasts treasures of its own. Built just after the Civil War, it has six bedrooms, five bathrooms and more than 7,400 square feet of living space. Set on a quiet, tree-lined ridge in Ruxton, the home offers four fireplaces (gas and wood-burning), coffered beam ceilings and skylights to showcase the place. There are bright Italian Carrara countertops, twin wine refrigerators and an oversized breakfast island in the sprawling kitchen.

The master suite features a fireplace, a generous dressing area and a private porch. There’s also a gleaming white marble spa bath and soaking tub. A back staircase allows for private comings and goings. On the property is a patio with an all-brick hearth, a stylish parking courtyard and a heated garage that can fit five cars. That must have irked Merrill; reportedly, he owned about 20 of them.

Have a news tip? Contact Mike Klingaman at jklingaman@baltsun.com and 410-332-6456.

  • 1848 Circle Rd. is in Ruxton. (Courtesy of American Imagery,...

    1848 Circle Rd. is in Ruxton. (Courtesy of American Imagery, LLC)
  • 1848 Circle Rd. is in Ruxton. (Courtesy of American Imagery,...

    1848 Circle Rd. is in Ruxton. (Courtesy of American Imagery, LLC)
  • 1848 Circle Rd. is in Ruxton. (Courtesy of American Imagery,...

    1848 Circle Rd. is in Ruxton. (Courtesy of American Imagery, LLC)
  • 1848 Circle Rd. is in Ruxton. (Courtesy of American Imagery,...

    1848 Circle Rd. is in Ruxton. (Courtesy of American Imagery, LLC)
  • 1848 Circle Rd. is in Ruxton. (Courtesy of American Imagery,...

    1848 Circle Rd. is in Ruxton. (Courtesy of American Imagery, LLC)
  • 1848 Circle Rd. is in Ruxton. (Courtesy of American Imagery,...

    1848 Circle Rd. is in Ruxton. (Courtesy of American Imagery, LLC)
  • 1848 Circle Rd. is in Ruxton. (Courtesy of American Imagery,...

    1848 Circle Rd. is in Ruxton. (Courtesy of American Imagery, LLC)
  • 1848 Circle Rd. is in Ruxton. (Courtesy of American Imagery,...

    1848 Circle Rd. is in Ruxton. (Courtesy of American Imagery, LLC)
  • 1848 Circle Rd. is in Ruxton. (Courtesy of American Imagery,...

    1848 Circle Rd. is in Ruxton. (Courtesy of American Imagery, LLC)
  • 1848 Circle Rd. is in Ruxton. (Courtesy of American Imagery,...

    1848 Circle Rd. is in Ruxton. (Courtesy of American Imagery, LLC)
  • 1848 Circle Rd. is in Ruxton. (Courtesy of American Imagery,...

    1848 Circle Rd. is in Ruxton. (Courtesy of American Imagery, LLC)
  • 1848 Circle Rd. is in Ruxton. (Courtesy of American Imagery,...

    1848 Circle Rd. is in Ruxton. (Courtesy of American Imagery, LLC)
  • 1848 Circle Rd. is in Ruxton. (Courtesy of American Imagery,...

    1848 Circle Rd. is in Ruxton. (Courtesy of American Imagery, LLC)
  • 1848 Circle Rd. is in Ruxton. (Courtesy of American Imagery,...

    1848 Circle Rd. is in Ruxton. (Courtesy of American Imagery, LLC)
  • 1848 Circle Rd. is in Ruxton. (Courtesy of American Imagery,...

    1848 Circle Rd. is in Ruxton. (Courtesy of American Imagery, LLC)

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1848 Circle Rd. is in Ruxton. (Courtesy of American Imagery, LLC)

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