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Washington, D.C

In case you’re wondering what $17 million will get you

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In case you’re wondering what  million will get you


As high mortgage rates continued to shape the Washington real estate market, the upper echelon of homes sales hit new heights in 2023. A $13 million penthouse became the highest priced condo ever in the D.C. region and a D.C. property with links to Jacqueline Kennedy Onassis was scooped up for more than $12 million. And those weren’t even the top sale.

The number of homes that sold for more than $1 million in the region declined from 2022 to 2023, according to ICE Mortgage Technology. But last year, luxury market listings went under contract faster — within two weeks for three of the top 10 listings, real estate leaders said.

“As you get closer into the city, even the higher priced homes are moving right now,” says Cara Pearlman, an executive vice president at Compass Realty. “There are people who weren’t transacting before because they weren’t sure what was going to happen with the economy. Now they realize that nothing’s changing substantially.”

Pearlman was the listing agent on the most expensive house sold in the D.C. area this year: an 11,000-square-foot Mediterranean villa, the residence for the Swedish ambassador for about 70 years.

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She notes another trend among this year’s crop of highest transactions — embassy-related sales. “There are only so many people that need this scale of ultra-luxury homes,” Pearlman says.

Pearlman said she is seeing an uptick in the higher-end market. “It’s encouraging to see that they’re seeing that things have been the way they’ve been for a while, and they’re deciding to go ahead and move forward, purchasing their next residence or second residence,” she said. “It feels like maybe the wheels are getting unstuck.”

This isn’t everyone’s market but the rest of us can peruse this list of last year’s top sales, compiled with the help of Bright MLS, in ways as wistful, envious or spiteful as we please.

10

2860 Woodland Dr. NW, Washington, D.C.

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This D.C. mansion, built into a terraced hillside in 1927, was designed by architect George N. Ray, who crafted more than 50 homes in the area. Notable owners include a Treasury Department undersecretary, an ambassador to Switzerland and president of Washington National Bank, and Bill Frist, a former U.S. Senate majority leader. The stone manor, embellished with wisteria vines and adorned with five terraces, played host to such dinner guests as Elizabeth Taylor and Vincent Price. It was a filming location for the 1977 movie “The Private Files of J. Edgar Hoover.”

List price: $9.75 million

Time on market: Three months

Listing agent: Robert Hryniewicki, Washington Fine Properties

9

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8913 Holly Leaf Lane, Bethesda, Md.

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The only Maryland sale on the list belonged to former Washington Wizards star guard Bradley Beal, whose lavish mansion sold for almost a million under the asking price of $10 million after he was traded to the Phoenix Suns. The listing described an “elevated South Miami vibe,” with black ceiling accents and hand-laid Italian mosaic tile. The 2016 house has six bedrooms, 10 bathrooms, and an elevator to traverse its 13,482 square feet. It also has an NBA-built regulation half-court, an arcade room, a tennis court with stadium lighting and parking for 14 vehicles. It was purchased by Dean Seavers, a businessman who served as president of of National Grid USA, in November.

Sale price: $9.185 million

Time on market: Two months

Listing agent: Andres Serafini, RLAH @properties

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8

4620 Cathedral Ave. NW, Washington, D.C.

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This six-bedroom, nine-bathroom house with a modern black-and-white facade was built in 2022 in a set of three adjacent houses. The lots, next to federally owned Battery Kemble Park, were prospected by developers for more than a decade before Bryce Arrowood, managing partner at Cliveden Group, figured out how to access the land: by buying a house at the end of Cathedral Avenue that bordered the lots, and building a private road. The transitional-style house has a floating staircase, wine cellar, exercise room, and ample outdoor space that includes a pool. The house was bought in January by TEWBDC, LLC, which has the same mailing address as ALS Finding a Cure, a service mark of the Leandro P. Rizzuto Foundation. The latter is a tax-exempt organization.

List price: $9.495 million

Sale price: $9.45 million

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Time on market: Two and half months

Listing agent: Lee Arrowood, Compass Realty

7

3301 Fessenden St. NW, Washington, D.C.

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This Italian-villa-inspired estate with a limestone-domed foyer comes with a name of equal gravitas, dubbed by its builder Palazzo Della Felicita, or “Palace of Happiness.” With a twin grand staircase, library with wood walls and ceilings, movie theater, 5,000-bottle wine cellar, patio and garage for up to 11 cars, the 2019 Forest Hills neighborhood house was designed for entertaining. It should come as no shock, then, that it was bought by the Israeli embassy for Ambassador Michael Herzog in September – for about half a million under the original listing price.

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List price: $9.95 million

Time on market: Under two weeks

Listing agent: Michael Rankin, TTR Sotheby’s International Realty

6

1113 Langley Lane, McLean, Va.

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We’re getting into the eight-digits now! The many adornments of this 16,000-square-foot Western European-inspired mansion come from sources as diverse as the Oregon Trail (300 tons of fieldstone) and a French castle (an artist-signed fireplace built in 1900). The property is designed to accommodate as many as 160 guests, and boasts a sunlit entertainment room, circular wine cellar, hearth room, arched hallways, massive walk-in closets, two-story library with a spiral staircase and an indoor basketball court. Outside, a stone veranda overlooks the property’s 1¼ acres, designed by landscape architect Charles Owens. The mansion was bought in January by the thus-unidentified Earthly Castle LLC.

List price: $13.5 million

Sale price: $10.8 million

Time on market: Four months

Listing agent: William Thomas, TTR Sotheby’s International Realty

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5

2221 30th St. NW, Washington, D.C.

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This Beaux-Arts estate in Massachusetts Avenue Heights was built in 2008 as a showpiece of the late venture capitalist and major Republican donor Melvyn J. Estrin. The mansion hosted plenty of fundraisers for his candidates of choice, and for the Kennedy Center for the Performing Arts. Boasting 13,595 square feet and four stories, it has a heated motor court, several terraces, a heated swimming pool, reception foyer, library, wine room and parking for 14 vehicles. It will become a new official residence for the Irish ambassador, selling in December for more than $4,000,000 under the listing price.

List price: $16.5 million

Sale price: $12.25 million

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Time on market: Three days

Listing agent: Charles Holzwarth Jr., Washington Fine Properties

4

601 Wharf St. SW #PH1, Washington, D.C.

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The most expensive new construction in 2023 — and priciest condo ever sold in the area — this record-breaking penthouse in the Wharf’s posh, futuristic Amaris was designed by the late Uruguayan architect Rafael Viñoly. His other projects include Manhattan’s “pencil tower” at 432 Park Avenue, Tokyo International Forum and the Cleveland Museum of Art. The penthouse, which overlooks the buzzy entertainment district and the Washington Channel, has four bedrooms, seven bathrooms, a large terrace and three parking spaces. It sold in April. According to the Wall Street Journal, the buyer was a West Coaster who wanted an East Coast dwelling for family; they also purchased two boat slips at the Wharf.

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List price: $12.5 million

Sale price: $12.762 million

Time on market: None (sold the day before listing appeared)

Listing agent: Michelle Giannini, Hoffman Realty

3

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1163 Chain Bridge Rd., McLean, Va.

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Located adjacent to former Kennedy family estate Hickory Hill in upper-crust Langley Farm, this 13,882-square-foot stone mansion has a handcrafted mahogany and glass front door, an antique limestone fireplace, coffered ceilings, custom chandeliers and a room labeled “morning bar.” Outside, the “edgeless” pool flows into a waterfall, fountains bubble and a built-in stone firepit comes with matching irremovable and hard-looking stone seating. The landscaped gardens encompass nearly two acres.

List price: $13.8 million

Sale price: $13.25 million

Time on market: Four months

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Listing agent: Piper Yerks, Washington Fine Properties

2

3017, 3009, 3003 N St. NW, Washington, D.C.

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Speaking of the Kennedys, this combined estate includes a National Historic Landmark once owned by former first lady Jacqueline Kennedy Onassis. Other notable past tenants include a World War I-era secretary of war, a Soviet spy and Yolande Fox, a former Miss America and Washington society magnate. The property, with 13 bedrooms and 18 bathrooms, was remodeled into one compound by late real estate proprietor David Hudgens, who had lived at 3017 N St. NW since 1997 — but its history extends to the 1700s, when it was built by Georgetown mayor Thomas Beall. Combined, the houses have more than 16,000 square feet of living space and include original fireplaces, a three-car garage, several terraces and a salon with hand-painted frescoes. It sold in November to an LLC named HistoryHouse Properties for nearly $6 million above asking price.

List price: $9.25 million

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Sale price: $15.1 million

Time on market: Eight months

Listing agent: John Taylor, TTR Sotheby’s International Realty

1

3900 Nebraska Ave. NW, Washington, D.C.

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The priciest “house” sold in the D.C. area last year has more in common with commercial sales than residential. Built in 1925 for a wealthy newspaper publisher, this sprawling Mediterranean villa in American University Park was home to Swedish ambassador Karin Olofsdotter before she relocated to a “Scandi-cool” Georgetown abode. This sale marks the first time since the 1950s that the 6.7-acre property was on the market. It seems that D.C. ultra-luxury buyers have less use for such estates now — according to Pearlman, none of the roughly 13 offers were end users. Though the manor house is protected from major changed by a D.C. historic landmark designation, developers plan to build a luxury community reminiscent of Phillips Park on the rest of the property, Pearlman said. It sold to the Banks Development Co. in February.

List price: $19.5 million

Sale price: $17.3 million

Time on market: Four months

Listing agent: Cara Pearlman, Compass Realty

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Washington, D.C

Storm Team4 Forecast: A chilly, gusty Sunday before a cool start to the week

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Storm Team4 Forecast: A chilly, gusty Sunday before a cool start to the week


4 things to know about the weather:

  1. Chances of rain in the morning
  2. Gusty Sunday
  3. Chilly Monday
  4. Temps will rise again through the work week

Download the NBC Washington app on iOS and Android to check the weather radar on the go.

After a nice and warm Saturday, changes arrive for part two of the weekend.

The first half of your Sunday will have a chance for showers. Winds will pick up with our next system and are expected to gust to about 20-30 mph. Cooler air will settle in, and lows Sunday night fall into the 40s.

Highs temps Monday will reach only into the mid to upper 50s.

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However, temperatures will rise through the week, so you won’t need your jackets every day.

QuickCast

SUNDAY:
Showers, then partly cloudy
Wind: NW 10-15 mph
Gusts @ 30 mph
HIGH: Lower 60s

MONDAY:
Partly cloudy
Wind: NW 10-15 mph
Gusts @ 25 mph
HIGH: Upper 50s

Stay with Storm Team4 for the latest forecast. Download the NBC Washington app on iOS and Android to get severe weather alerts on your phone.



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Washington, D.C

‘It’s a twilight zone’: Iran war casts deep shadows over IMF gathering in Washington

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‘It’s a twilight zone’: Iran war casts deep shadows over IMF gathering in Washington


The most severe energy shock since the 1970s, the risk of a global recession and households everywhere stomaching a renewed surge in the cost of living – hitting the most vulnerable hardest.

In a sweltering hot Washington DC this week, the message at the International Monetary Fund meetings was chilling: things had been looking up for living standards around the world. But then came the Iran war.

“Some countries are in panic,” said the fund’s managing director, Kristalina Georgieva, addressing the finance ministers and central bank bosses in town for the IMF and World Bank spring meetings. “The sooner it [the Iran war] ends, the better for everybody.”

Such gatherings are not typically used to fight geopolitical battles. “You don’t get people shouting at one another at these things,” one senior figure remarked. But, as a record-breaking April heatwave swept the US capital, no one could ignore the mounting damage from the Iran war.

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Those familiar with the mood over breakfast at a meeting of the G20’s representatives on Thursday, which included Donald Trump’s treasury secretary, Scott Bessent, and the outgoing US Federal Reserve chair, Jerome Powell – said the atmosphere in the room was sombre amid an open exchange of serious views.

“It is such a twilight-zone meeting,” said Mohamed El-Erian, a former IMF deputy managing director who is now chief economic adviser at the Allianz insurance group. “There are several shadows hanging over it: one is the shadow that comes from concern about the global economy as a whole.

“The second is that some countries are going to be particularly hard hit, and it’s mostly countries that very few people are talking about. But the third concern is the adding of insult to injury: the fact that the US, which started a war of choice, is going to be hit, but by a lot less than elsewhere in relative terms.”

Before Thursday’s breakfast, Rachel Reeves had started her day with an early-morning jog. Joined by her counterparts from Spain, Australia and New Zealand for a run down the iconic National Mall, she posted an Instagram selfie with a not-so-subtle dig: “Friends that run together – work together.”

A day earlier, the chancellor had told a CNBC conference that she thought “friends are allowed to disagree on things” as she criticised Trump’s Iran war as a “mistake” and a “folly” that had not made the world safer.

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Rachel Reeves posted this image on Instagram from Washington DC on Thursday with the message: ‘Friends that run together – work together.’ Photograph: Rachel Reeves/Instagram

Speaking at a venue just steps away from the White House, before a one-on-one meeting with Bessent, she said this “fair message” was needed because UK families and businesses were feeling the pain from higher energy prices triggered by the conflict.

Those close to Reeves insist her meeting remained cordial. Britain and the US have significant shared interests in AI, financial services and trade. The chancellor also said the UK government had little time for the Iranian regime.

But with the IMF having warned on Tuesday that the Iran war could risk a global recession – in which Britain would be the biggest G7 casualty – it was clear Reeves had travelled to Washington ready to pick a fight.

“I’m struck by how vocal she has been and the words she used,” said one global financier. “We know the disagreement between Bessent and [European Central Bank president] Christine Lagarde earlier in the year. But that was in private.”

At a cocktail party held at the British ambassador’s residence for hundreds of diplomats and financiers – including the Bank of England’s governor, Andrew Bailey, the chief executive of Barclays, CS Venkatakrishnan, and dozens of senior figures – this transatlantic tension, weeks before King Charles’s US state visit, was a major topic of conversation.

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The other, in the balmy residence gardens, was one of its former occupants, Peter Mandelson, as revelations about the former ambassador’s appointment threatened to further rock the UK government.

Before the war, the agenda for the IMF had been about global cooperation; the adoption of AI, jobs and work to eradicate poverty. Each of those tasks had now been complicated, but not least the task of countries working together.

For many at the meetings, the focus was on forging closer global cooperation without the world’s pre-eminent superpower.

“Everybody is talking about how you hedge against American decisions,” said David Miliband, the former UK foreign secretary, who now runs the International Rescue Committee. “You can’t do without them, because they’re 25% of the global economy. But, in a lot of fora, they’ve pulled out.

“So everyone has to think, how does one structure international cooperation? The old west is not coming back. And so everyone has to figure out how to position themselves for that world.”

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For those gathering in Washington, there was irony in the fact that they were meeting in the halls of institutions founded, under US leadership, to promote global cooperation after the second world war. The whole idea of the Bretton Woods institutions was to avoid the dire economic conditions and warfare of the 1930s and 1940s. Yet this year’s meeting was taking place amid these intertwining problems.

In their conversations about the best economic policy response to the shock of conflict, the economists also knew the real power to make a difference lay two blocks across town from the IMF and the World Bank – behind the security cordons and construction equipment blocking the White House from public view. “It is not clear they can do anything about it,” said El-Erian.

Still, with a booming economy driven by AI – including Anthropic’s powerful Mythos model, the topic of much conversation – most countries cannot afford to completely break off US ties.

“People want to find ways to insulate themselves from the mess. But, on the other hand, they admire the US private sector,” El-Erian said. “The best way I’ve heard it put, is: they want to go long the private sector and short the mess. But it’s almost impossible to do.”





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Washington, D.C

Rosselli opens in DC, serving classic Italian flavors from chef Carlos

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Rosselli opens in DC, serving classic Italian flavors from chef Carlos


Rosselli is the newest restaurant to open in DC.

Bringing in classic Italian flavors, Chef Carlos explained how he hopes his food is a unique addition to the Italian food scene in the DMV.

Chef also demoed a signature dish with Brian and Megan.

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You can learn more and book your table here.



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