Where is the price ceiling in N Arlington?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Teardowns near downtown Bethesda were a minimum of $1.5 million a few years back, probably $2 million now. As long as the economy is roaring, this will continue. But if the economy heads south, it will stop.

What is the price ceiling in N. Arlington?

The highest I have seen is 4.2M in Lyon Village. I am sure there must be something higher in Country Club Hills because the lots are so big there. Anyone else know of higher?

https://www.redfin.com/VA/Arlington/2545-N-Ridgeview-Rd-22207/home/183424259

This is the highest house in the last 5 years.

If you look through the Arlington zip codes on realtor sites for prior house sales, you'll find higher.

That’s what I did.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Teardowns near downtown Bethesda were a minimum of $1.5 million a few years back, probably $2 million now. As long as the economy is roaring, this will continue. But if the economy heads south, it will stop.

What is the price ceiling in N. Arlington?

The highest I have seen is 4.2M in Lyon Village. I am sure there must be something higher in Country Club Hills because the lots are so big there. Anyone else know of higher?

https://www.redfin.com/VA/Arlington/2545-N-Ridgeview-Rd-22207/home/183424259

This is the highest house in the last 5 years.

This hasn’t sold yet, but list price is $4,975,000…right on Military Road.

https://www.zillow.com/homedetails/3554-Military-Rd-Arlington-VA-22207/12060213_zpid/

I am not big on critiquing the aesthetics of houses but I have driven by this and it is truly one of the ugliest houses I have ever seen in Arlington. That being said, I hope they get every penny!

[Anonymous]

This looks like the highest priced condo:

https://www.redfin.com/VA/Arlington/1111-19th-St-N-22209/unit-2901/home/16898053

[Anonymous]

There was $4.9m sale in Lyon Village in 2024. There are some homes worth more than that in CC Hills but not for sale.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Teardowns near downtown Bethesda were a minimum of $1.5 million a few years back, probably $2 million now. As long as the economy is roaring, this will continue. But if the economy heads south, it will stop.

This is inaccurate. Maybe for the more premium ones but we found plenty of lots under 1.5.

Yes, heavily dependent on location and size. Drive through Edgemoor and look at where some huge houses are being built, and look up how much was paid for the lots. Insane.

Edgemoor is the premier neighborhood of Bethesda. Not representative of downtown Bethesda as a whole

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Arlington is overpriced given the quality of the schools.

Not for the location, and many people are starting to use private.

People are just paying to be around others who have money. The lots are small and you have other areas that are close in that cost less.

Such as?

If folks don't care about schools, 22044 is across 50. Also Lake Barcoft.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Arlington is overpriced given the quality of the schools.

Not for the location, and many people are starting to use private.

People are just paying to be around others who have money. The lots are small and you have other areas that are close in that cost less.

Such as?

If folks don't care about schools, 22044 is across 50. Also Lake Barcoft.

Ok so I can spend $2m and have to use private schools and have to drive through super poor areas to go to the grocery store. No thanks.

[Anonymous]

Anonymous wrote:Arlington is overpriced given the quality of the schools.

Great. Enjoy your schools in Loudon county and your two hour commute.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Arlington is overpriced given the quality of the schools.

Yes, this is a big reason for choosing McLean. Neighborhoods are much prettier and schools are top tier.

Meh. Slightly farther out, slightly lower price per square foot. Private schools are all full of kids from Arlington and McLean so school preference is just that. FCPS has slightly larger class size and AAP (I think this is a minus if your kid won’t be in it). McLean barely has sidewalks and no/very little walkability. Just seems like different strokes for different folks.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Arlington is overpriced given the quality of the schools.

Not for the location, and many people are starting to use private.

People are just paying to be around others who have money. The lots are small and you have other areas that are close in that cost less.

Such as?

If folks don't care about schools, 22044 is across 50. Also Lake Barcoft.

Ok so I can spend $2m and have to use private schools and have to drive through super poor areas to go to the grocery store. No thanks.

But you'll drive through the low income housing around Westover, or near Ashton Heights, or in Buckingham adjacent to Harris Teeter on Glebe Road? Please spare us the hypocrisy. All of Northern Virginia is peppered with low-rise, low-income housing--there is no escaping it unless you go to Great Falls where there were never any military barracks.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Arlington is overpriced given the quality of the schools.

Not for the location, and many people are starting to use private.

People are just paying to be around others who have money. The lots are small and you have other areas that are close in that cost less.

Such as?

If folks don't care about schools, 22044 is across 50. Also Lake Barcoft.

They don't care about schools, they want to live in what they think is a nice/safe neighborhood and they want to be close to work (which for many people is DC). Arlington has a nice park system, a lot of neighborhoods that people like, pretty solid retail and services, and excellent proximity to DC and 66W.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Teardowns near downtown Bethesda were a minimum of $1.5 million a few years back, probably $2 million now. As long as the economy is roaring, this will continue. But if the economy heads south, it will stop.

What is the price ceiling in N. Arlington?

The highest I have seen is 4.2M in Lyon Village. I am sure there must be something higher in Country Club Hills because the lots are so big there. Anyone else know of higher?

https://www.redfin.com/VA/Arlington/2545-N-Ridgeview-Rd-22207/home/183424259

This is the highest house in the last 5 years.

If you look through the Arlington zip codes on realtor sites for prior house sales, you'll find higher.

That’s what I did.

You missed these homes:


https://www.zillow.com/homedetails/1813-N-Herndon-St-Arlington-VA-22201/12078571_zpid/

https://www.zillow.com/homedetails/1111-19th-St-N-APT-2901-Arlington-VA-22209/82559290_zpid/

https://www.zillow.com/homedetails/1881-N-Nash-St-UNIT-TS01-Arlington-VA-22209/94728764_zpid/

https://www.zillow.com/homedetails/1718-N-Harvard-St-Arlington-VA-22201/12078731_zpid/

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Teardowns near downtown Bethesda were a minimum of $1.5 million a few years back, probably $2 million now. As long as the economy is roaring, this will continue. But if the economy heads south, it will stop.

What is the price ceiling in N. Arlington?

The highest I have seen is 4.2M in Lyon Village. I am sure there must be something higher in Country Club Hills because the lots are so big there. Anyone else know of higher?

https://www.redfin.com/VA/Arlington/2545-N-Ridgeview-Rd-22207/home/183424259

This is the highest house in the last 5 years.

If you look through the Arlington zip codes on realtor sites for prior house sales, you'll find higher.

That’s what I did.

You missed these homes:


https://www.zillow.com/homedetails/1813-N-Herndon-St-Arlington-VA-22201/12078571_zpid/

https://www.zillow.com/homedetails/1111-19th-St-N-APT-2901-Arlington-VA-22209/82559290_zpid/

https://www.zillow.com/homedetails/1881-N-Nash-St-UNIT-TS01-Arlington-VA-22209/94728764_zpid/

https://www.zillow.com/homedetails/1718-N-Harvard-St-Arlington-VA-22201/12078731_zpid/

Yep those 9000 and 10,000 SF homes in Lyon Village and the luxury penthouses in Rosslyn are top of the Arlington market. People pay to be near amenities. Thanks for posting, this was what I suspected but wasn't sure.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Teardowns near downtown Bethesda were a minimum of $1.5 million a few years back, probably $2 million now. As long as the economy is roaring, this will continue. But if the economy heads south, it will stop.

What is the price ceiling in N. Arlington?

The highest I have seen is 4.2M in Lyon Village. I am sure there must be something higher in Country Club Hills because the lots are so big there. Anyone else know of higher?

https://www.redfin.com/VA/Arlington/2545-N-Ridgeview-Rd-22207/home/183424259

This is the highest house in the last 5 years.

If you look through the Arlington zip codes on realtor sites for prior house sales, you'll find higher.

That’s what I did.

You missed these homes:


https://www.zillow.com/homedetails/1813-N-Herndon-St-Arlington-VA-22201/12078571_zpid/

https://www.zillow.com/homedetails/1111-19th-St-N-APT-2901-Arlington-VA-22209/82559290_zpid/

https://www.zillow.com/homedetails/1881-N-Nash-St-UNIT-TS01-Arlington-VA-22209/94728764_zpid/

https://www.zillow.com/homedetails/1718-N-Harvard-St-Arlington-VA-22201/12078731_zpid/

Yep those 9000 and 10,000 SF homes in Lyon Village and the luxury penthouses in Rosslyn are top of the Arlington market. People pay to be near amenities. Thanks for posting, this was what I suspected but wasn't sure.

^9000 and 10,000 SF LOTS, not HOMES. Pardon the typo.

[Anonymous]

The top end of N Arlington houses, esp in desirable areas like Lyon Village, is being pushed up by young families with big generational wealth, older individuals already with high net worth (this is the 4.2 mil LV house, owner admitted to overpaying to me but didn’t care because $$ don’t matter much), and also families with slightly older kids with parents in big law or comparable trying to keep up.

I think the first two are really raising the bar. For a big law family without much generation wealth, it will take many years to accrue the down payment and reach an income to move into a 3 mil plus house. Those with generational wealth or just older folks with lots of dough just move in. A lot of people are also still sitting with excess cash from the pandemic and big market gains.

The secondary effects are that more “modest” and less expensive new construction homes move up in price, old homes go up in price, and lots (impossible to get in the nice areas), go up as well.

Sigh…. It’s not worth it in N Arlington