Whats It Worth To Ya?
FRUMPY DC IS LONG GONE. When HGTV features real estate in DC, you know Washington has risen on the style-meter. Still not on par with Miami or San Francisco but definitely a notch or two above, say, Pittsburgh. This is nothing to brag about, but DC used to pride itself on its lack of fashion and style. But things have changed.
You Can See For Miles
Spending almost $900K used to mean stately Georgetown, but now it can mean hip, happening Columbia Heights/Adams Morgan where Designer Challenge helped make this luxury penthouse cozy. It certainly has all the bells and whistles: 17 ft ceilings, travertine marble and bamboo floors, remote control blinds, parking, direct elevator access blah blah.
Will it go for this much?
Now some say “There is a condo glut.” True. Others say: “For practically a million bucks you should get lots more space than one bedroom and loft.” Also true. But look at this place. It’s amazing. Real estate should and is about return on equity and price per square foot, but sometime you just gotta say WTF.
Perhaps the market has peaked and the asking price reflects the old market, but this place defies logic. Say you are an empty-nester living in Rockthesda Md and are sitting on tons of equity, why not sell and buy here? Ahhh...but at what price?
DC Bubble is not responsible for any errors, claims or assertions made in this posting.