Last week, we mapped the homes that haven't budged in asking price but now we're back with ones that have lowered their prices just in time for spring. As real estate season starts to ramp up, these listings are getting a leg up on the competition by dropping their prices to woo potential prospects. And some of these price drops have been dramatic with reductions exceeding $900,000. Whether these price chops are enough to bring in the buyers, it's anyone's guess.Read More
Real Estate Season Approaches So Listings Start Pricechopping
For the art aficionado, this gallery/home is $200,000 cheaper. That means more art, baby! With 4 bedrooms, 4.5 baths, and a bit more than 4,400 sq.ft. of showcase space, 4 seems to be the magic number. For homeowners who want something "perfect for upscale entertaining", look no further.
That pool looks perfect once the weather gets warmer. So as spring temperatures come and the thermometer climbs, consider a slash in this listing's water hole. The ask has been lowered by $275,000 to lure some swimmers to the Potomac manse. The doors are "solid core" and this home's lower level has a theatre and a bar, which means it really is "fantastic".
Opera singing pays pretty well. The seller of this house, Pasquale DePandi (brother of E Entertainment host Giuliana Rancic), listed it last year but has just dropped the price by $250K to make the ask $3,995,000 for the 5 bed, 9 bath.
This is where pods of whales live. At the Ritz-Carlton, no detail is left spared. This penthouse unit is asking $451,000 less for the post penthouse. With views of the Potomac and Rosslyn plus a master suite considered "dreamy", the listing is perfect for those who want it all. And that will also cost an additional $4,257 per month for the HOAs.
Regularly featured because it's designed by Robert Gurney, this Bethesda listing has reduced its ask by $550,000 last year. The home is certainly unique and will require a buyer who can embrace the home's unique features, such as glass bridges and "walls of glass". Yep, lots of glass here.
So this one's a little different because it's a bed & breakfast. But who doesn't like beds and/or breakfasts? After dropping by $400,000, the 14 bedroom (that's right) residence is "zoned for residential, private club, lodge, clinic, fraternity/sorority house, apartment or museum". So for the new buyer, the sky's the limit when transforming this listing.
This Mediterranean-styled manse on Mass Ave is different from its neighbors, but that's considered personality. Reducing its list price by $400,000, the 5 bedroom residence is literally next to Biden's house, so no worries about nabe security issues. Though, the new owners may have to deal with hearing Marine 2 chopper in and out during the day.
Welcome to Eaglecrest. This is considered "one of McLean's most prominent estates" and sits on 2.4 gated acres. The manor home (you know it's big when the house is called a "manor home") has 14,000 sq.ft. of space plus a tennis court that's regulation-sized in case the new owners want to host a tennis tournament. And for the in-laws, there's a 3 bedroom guest house on the grounds. Yeah, this property has "grounds".
Dropping it $455,000, this Potomac casa has been on the market for a year and change. The manse's gourmet kitchen is two stories (because it can), has parking for eight vehicles, and includes a "detached exercise facility". An "exercise facility" means a gym. There's a home gym.
Another mega-manse that's waiting for a buyer to swoop this one up. Certainly a gem in the city, the Georgetown "Grande Dame" is one-of-a-kind. With a two-bedroom staff apartment included, the manse has plenty of space for you, family, friends, acquaintances, and people just passing on the street. And parking for six cars will make it easy to roll like a true baller.
The most expensive listing on the map, and this one dropped its ask by an incredulous $905,000. To put that into context, that's way more than most people spend on housing in the DMV. Featured several times on this blog, the classic Dupont abode builtby Clark Waggaman has 12,000 sq.ft. of envious living space and enough bedrooms and bathrooms to run a small boutique hotel.
For a while this was the most expensive home for sale in the District, but it was ousted by a $19M house not far away. It has come down by 128K to reach an ask of $15,997,000.