“It’s the season of giving. You’ve probably bought, wrapped, and maybe even delivered your annual socks and underwear. You’ve perused your child’s Christmas wish list and made your target fight. You’ve probably guessed about the size and taste of literature because you know Amazon honors returns. You got a ton of gift cards, but you can’t keep them all. What can that person get?
What about real estate?
Sure, it won’t fit in Santa’s chimney, and the DMV’s inventory has been limited for far too long, but we’re gearing up to turn the corner in 2024. Our military families are finally on the move again. The FBI has identified a site in Prince George’s County for a new office building that, if built, could move some of its employees who live in Virginia to Maryland.
We can expect to see some turnover in talent at both Amazon and companies along the Dulles tech corridor, and new faces may emerge on the Hill as political movements pick up steam. Additionally, the Federal Reserve may not raise interest rates this quarter and may be considering lowering them in 2024.
So let’s start small. You can purchase a surface parking space for 16.th Street Heights is $12,000 but was recently reduced from $15,000. Or, if you live in a Gateway Georgetown condominium, he could buy a two-car tandem, covered spot for $85,000.
Are you interested in living on the ground floor of affordable housing? Then Congress Height might fit the bill. There, you can get a 725-square-foot, two-bedroom condo with original parquet floors for $69,000, or a three-story, three-bed detached house in need of basic renovation. You can also opt for a two-room, two-bath Cape Cod for just $299,000. Its kitchen awaits design choices for renovation.
How about a pied-a-terre near the Kennedy Center instead? Foggy Bottom has 696-square-foot one-bedroom condos for under $400,000. Need a place close to the Hill? For just $166,000 plus change, you can stay in a slightly smaller one-bedroom condo along the H Street Corridor, near numerous restaurants and a Whole Foods grocery store.
If you need a home to rent to students at Georgetown University and George Washington University, consider the 3- and 4-bedroom row homes in Georgetown that range from $2 million to $2.5 million. If you’re looking to provide shared housing for members of Congress, a beautiful 6-bedroom, 3.5-bathroom home in the Southeast Hills is available for just $1.8 million. Cocaine and orgies are superfluous.
If becoming a multi-unit landlord is your goal, Congress Heights is back with several four-unit buildings available for between $600,000 and $700,000. On the high end, you can choose a like-new 4,000 SF quadruplex near Whole Foods on Logan Circle for less than $2.8 million.
(Note: If you have a Whole Foods grocery store in your neighborhood, it seems to be a big hit in terms of popularity and price. It used to be that just having a Starbucks within a block or two would get you the same reputation) .)
Now, let’s talk luxury. If you don’t like working in the garden, his 2,000-square-foot condo overlooking the river in Georgetown has been renovated with every conceivable fixture and the latest technology, and is priced at just under $4.5 million. Not enough glitz and glamor? You can also live at the Ritz in Georgetown by purchasing a 6,400-square-foot, five-bedroom, five-plus bath condo overlooking the Potomac River for just over $11 million.
If you’re looking for something with a little more bang for your buck, this 4,400-square-foot new construction condo in southwest D.C. is a three-bedroom condo with multiple bathrooms and glass walls overlooking the Washington Channel. can be purchased in the $8 million range. Consider the savings on parking when you dine at The Wharf.
If you’ve narrowed it down to all your destinations, check out DC’s most expensive and expansive homes in the Berkeley neighborhood. For just $32 million, you can enjoy over 16,000 square feet of luxury space, his two-story sports court with a spa, and an outdoor pool. Enjoy in the cinema room or choose a bottle from our temperature-controlled floor-to-ceiling wine display for your next fundraiser. Even the grounds are a homage to carving and precision.
But unless Santa Claus brings me a stocking stuffed with gold bars, James M. Goode’s coffee table book Best Addresses ($49.67) and its sequel Capital Houses ($157.99) won’t work for me. It’s a gift option that brings people back to the reality of real estate. For the time being. These coffee table books may not have the same features as the homes described and photographed in them, but at least they fit in the chimney.
Valerie M. Blake is a licensed DC, Maryland, and Virginia associate broker of RLAH Real Estate / @properties. Call or text 202-246-8602, email via DCHomeQuest.com or follow TheRealst8ofAffairs on Facebook.