Fitzgerald Realty Group, Inc. Sets Two Frederick Real Estate Sales Records
November 10, 2026
Fitzgerald Realty Group, Inc. recently closed the sale of 307 Upper College Terrace in Frederick for $2,800,000, the highest price ever paid for a non-farm residential property in Frederick. The Frederick News-Post reported the closing as the top sale among 66 county closings that week. It follows another record-setting deal in 2025, when the FRG team sold the former La Paz building in downtown Frederick at a record SF price for a commercial building in Frederick at $589 per square foot.
Both sales closed with all-cash buyers and were driven by the same approach: professional marketing, high-end photography, and the relationships we have built over 50 years in downtown Frederick.
2026: A Landmark Sale on Upper College Terrace
Built circa 1917, 307 Upper College Terrace is a brick and marble estate on more than one acre in one of Frederick’s most established neighborhoods. The home offers five bedrooms and five bathrooms, with features that rarely come to market together:
- A main level with high ceilings, hardwood floors, a formal living room with fireplace, formal dining room, study, and sun room
- An oversized eat-in gourmet kitchen that opens to a stone patio
- A second-floor owner’s suite with a private sitting room
- An oversized rooftop terrace with views across the city
- A private tennis court, a stone pond with fountain and mature trees
- A former detached garage converted into a finished entertainment space
The sale closed at $2,800,000 with a local, all-cash buyer. For a historic estate of this magnitude, finding the right buyer depends on reaching the right audience and presenting the home in a way that matches its value.
Back-to-Back Records: The La Paz Building
The Upper College Terrace sale comes the following year after FRG set a commercial record in downtown Frederick. In 2025, FRG brokered the sale of 51 S. Market Street, home of the La Paz restaurant since 2005. La Paz opened in 1978 in downtown and became a cultural touchstone in downtown Frederick, helping revitalize the area after the floods of the 1970s.
The three-story masonry building sits directly on Carroll Creek Linear Park with roughly 6,200 square feet above grade, an elevator, two bars, and a creekside patio. It sold to an all-cash buyer for $3.186,000 ($589/SF), who plans on renovating the interior and opening an italian steakhouse concept in late 2026. See more of our completed transactions on our Closed Deals page.
Why Marketing Made the Difference
High-value properties do not sell themselves. Buyers at this price point compare carefully, and their first impression almost always happens online. For all of our listings, we invest in a full marketing package built around the property’s story:
- Professional photography that captured architecture, light, and setting, from the rooftop terrace on Upper College Terrace to the creekside patio at La Paz
- Targeted marketing that put each listing in front of qualified, well-capitalized buyers
- Clear, detailed property information so serious buyers could move quickly and confidently
The result in both cases was a cash buyer and a record price. Learn more about how we position properties for sale on our Services page.
50 Years of Relationships in Downtown Frederick
The Fitzgerald Realty Group has operated in downtown Frederick since 1976. Over five decades and more than 1,500 transactions, we have built a deep network of investors, business owners, and buyers across Frederick, Baltimore, and the Washington, DC region. That network matters most when a property calls for a specific buyer. It gives our sellers access to qualified buyers who may never search a public listing site. Read more about our history and team.
Thinking About Selling a Signature Property?
Whether you own a historic home, a downtown storefront, or an investment property, FRG brings the marketing, local knowledge, and buyer relationships to help you reach the right buyer at the right price. Browse our current listings, learn more about our real estate services, or contact our team to talk about your property.
