ANNAPOLIS, Md. (WJZ) — It could be the biggest real estate deal in the Mid-Atlantic in decades. A local CEO lists his Severn River-front home for $32 million.

Kai Jackson shows us the incredible home and why agents claim it’s worth the staggering price.

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It’s a majestic estate nestled in the woods of Annapolis. The owner built a seafood empire in Maryland and is selling it for what could be a record amount.

“The house is listed for $32 million,” said David DeSantis, TTR Sotheby’s International.

Steve and Maxine Phillips are selling their 23-acre home on the beautiful Severn River near the Naval Academy. The sprawling compound is called the Friary on the Severn because it used to be a monastery. The Phillips’–who own Phillips Seafood–bought it in 2002. They renovated the home, lived in it and are now selling it. Why?

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“Once the kids are gone and out of the house, sometimes you find yourself thinking, `Gee, this is more house than we really wanna take care of,'” DeSantis said.

It has 23,000 square feet of space, seven bedrooms, eight bathrooms, two swimming pools, a spa and a nine car garage.

“Sometimes a change is good. It’s a change good for us; it’s a change good for people around us,” said Steve Phillips.

It’s a whopping price for a mega-house and broker David DeSantis says it could be a record sale. But at $32 million, who can afford it?

“There are certainly people in other cities and other countries who could see the appeal of owning a property in this town,” DeSantis said.

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TTR Sotheby’s, which is listing the mansion, says there have already been inquiries since the house was listed last week.