The D.C. area's most expensive January home sales
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8801 Fernwood Rd. in Bethesda. Photo courtesy of Craig Westerman
2024's luxe market is off to a strong start, with several DMV homes selling in January for over $5 million.
The big picture: While affordability is a driving concern for the average local buyer thanks to current mortgage rates and low inventory, Washington's high-end market is still chugging along (even though more well-off people are opting to rent).
- Last month's top sale went for more than $9 million — a stark contrast to January's median DMV sale price of $535,000, according to Bright MLS.
#5: $4,970,000*
Where: Georgetown, 2703 Dumbarton St. NW.
The seller: Chugach Partners LLC, according to D.C. property records. (The seller is moving to a smaller home in Georgetown, as she's building a house in Jackson Hole, Wyo., listing agent Kara Sheehan tells Axios.)
Peek inside: Four beds, five baths, 3,940 square feet.
- Plus: High ceilings, with a deck, according to Sheehan.
#4: $7,550,000
Where: Bethesda, 6616 Fernwood Ct.
The seller: Real estate group One Street founder Samer Kuraishi and his wife, Farah, according to Kuraishi.
The buyer: Resilience 17 LLC, according to Montgomery County property records.
Peek inside: Seven beds, eight baths, 11,397 square feet.
- Plus: An elevator, four fireplaces, two kitchens, a pool, a gym, and a home theater.
#3: $8,025,000
Where: McLean, 906 Turkey Run Rd.
The seller: A trust registered to former State Department and Department of Homeland Security official Christine Ciccone, according to Fairfax property records.
The buyer: Leonard M. Rubin, according to Fairfax County property records.
Peek inside: Five bedrooms, six-and-a-half bathrooms, 6,298 square feet.
- Plus: A two-story family room and library, a spiral staircase, home theater, wine cellar, gym, and pool.
#2: $8,200,000*
Where: Kalorama, 2438 Belmont Rd. NW.
The seller: Lobbyist and Democratic strategist Tony Podesta, according to D.C. property records.
Peek inside: Five bedrooms, five baths, 9,200 square feet.
- Plus: An elevator, custom museum lighting, a glass spiral staircase, a 15th-century marble fireplace, a 9,600-bottle wine cellar, and a wood-fired pizza oven — and the Obamas as neighbors.
#1 $9,250,000*
Where: Bethesda, 8801 Fernwood Rd.
The seller: Naderkhani Majid Trustee, according to Montgomery County property records.
Peek inside: Six bedrooms, nine bathrooms, 15,000 square feet.
- Plus: A 19-foot-tall greeting hall, two primary suites, two elevators, a custom dressing room, an outdoor kitchen, a pool, a gazebo, a gym, and a hammam and steam room — once Montgomery County's most expensive listing.
*Of note: The buyers of this Bethesda home, as well as 2438 Belmont Rd. NW and 2703 Dumbarton St. NW in D.C., aren't yet listed in public records.