Luxury real-estate specialist Katrina Campins says the 'main driver' in the housing industry is interest rates.
The $45 million sale of a Northern Virginia estate reportedly marks the most expensive residential sale to date in the Washington, D.C. area.
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The McLean home, called The Falls, was previously owned by AOL co-founder James V. Kimsey, who died in 2016. The property had been listed for $62.95 million. The Wall Street Journal first reported on the sale, citing real estate veterans who said it was the priciest sale on record in the area even under the asking price.
The Frank Lloyd Wright-designed guest house. (Credit: Gordon Beall/TTR Sotheby’s International Realty)
TECH COMPANY COFOUNDER LISTS $54M SILICON VALLEY ESTATE WITH FULL-SIZE HOCKEY RINK
The 3.2-acre estate sits on the Potomac River and includes two homes, according to the listing with Russell Firestone and Mark Lowham of TTR Sotheby’s International Realty. The main residence includes six bedrooms, each with an en suite bathroom. The master suite encompasses its own wing and features a study, spa-style bathroom with a sauna and Jacuzzi and the kind of walk-in closet that's so big they call it a dressing room.
The main residence also includes comforts like a mahogany library with a wet bar, a large wine cellar, a media room and enough space to host a large reception, according to the listing. Outside, a terrace, infinity pool and spa overlook the river.
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Take a look inside the luxurious home. (Credit: Gordon Beall/TTR Sotheby’s International Realty)
FRANK LLOYD WRIGHT’S LAST RESIDENTIAL DESIGN SOLD AT AUCTION
Frank Lloyd Wright designed the guest house in 1953 for a National Geographic writer and photographer, according to the Frank Lloyd Wright Foundation.
From above, the house appears in the shape of a fish, according to the listing. And it also features Potomac River views.
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The gated property also includes a tennis court, gardens and a 30-car underground garage.
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January 31, 2020 at 04:27AM
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AOL co-founder's former $45M estate reportedly DC area's most expensive home - Fox Business
"expensive" - Google News
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