11 MILLION?? What..?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Well the buyer bought it for $4.5 million in 2022 before renovating it so $11 million might be right. For very expensive properties, it’s really a guessing game as to what the right price is. So I can’t blame them for starting out at $11 million.

Ummm are you the listing agent? .5 Milllion does not warrant 11 million FOUR years later for a reno.

+1
They slightly overpaid in '22 (should have been $4 tops) and then basically deconstructed it. Where they did "renovate" those are nothing more than the cheapest big box finishes. No way should this be out of the $4s.

There's really nothing "big box" about those finishes. Whether it's to your taste or not is a different story, but I see expensive detail after expensive detail in this house.

[Anonymous]

I want to hate it but I love it. Agree that it's a mishmash, but so livable and enjoyable.

Very DC meets California.

[Anonymous]

Anonymous wrote:I want to hate it but I love it. Agree that it's a mishmash, but so livable and enjoyable.

Very DC meets California.

You can see a SpaceX tech bro rich from the IPO not caring about overpriced and buying the house because he's going to be in DC for a few years at one of the local AI offices. I posted earlier about the mishmash of styles but I have to agree the mood inside the house is so resonating to me and I love the kitchen. If you're worth 500M you'd happily pay that price if there's no other house in DC that can offer this vibe. And there's the thing most of us ordinary mortals often forget, if you're worth 500M and the stock market goes up 10% in a year, you're not worried about losing a few mill on resale.

[Anonymous]

Here’s an $11,000,000 house on the Main Line in PA for comparison. Are the supposed furnishing digitally added?
Tough commute to DC, but more for your money. Haven’t compared property taxes.

https://www.sothebysrealty.com/eng/sales/detail/180-l-4091-7yx6yy/220-ravenscliff-road-st-davids-pa-19087

[Anonymous]

Anonymous wrote:I love the kitchen, if I was building a new house from scratch, that would be the kitchen. Especially if I was living somewhere in California.

But I cannot get over the weird mismatch of styles everywhere else in the house. The fake rustic exposed wood out of odds with the integrity of the original architecture. The fake "modern adobe" treatment of parts of the interior that is also out of odds with the exterior. Or that this was built as a nice normal UMC house and has been renovated into something wildly more expensive. The overall impression is one of disjointed, very different rooms leading to very different rooms, no matter how high quality and expensive the renovations were. The feeling is schizophrenic.

I'd have just demolished the house outright and built something much more coherent. I like the original house architecture and I do love a lot of the new interior styles, but the combination of everything just isn't working well. Which is a shame.

Yep, I really love some of it and then quite dislike other parts.

[Anonymous]

Anonymous wrote:Here’s an $11,000,000 house on the Main Line in PA for comparison. Are the supposed furnishing digitally added?
Tough commute to DC, but more for your money. Haven’t compared property taxes.

https://www.sothebysrealty.com/eng/sales/detail/180-l-4091-7yx6yy/220-ravenscliff-road-st-davids-pa-19087

Most very rich people don't want houses like this. It was designed for a different kind of life. The people who built this house had butlers, housekeepers, cooks, maids, gardeners, chauffeurs, enterained at grand dinner parties, had plenty of visiting guests who stayed over. That world doesn't really exist any more outside of some very rarefied circles and it's not so much that people can't afford it (they could) but they don't want it. They'd rather have the apartment in NYC, or a casual yet upgraded house like OP's link near the office in DC, they'll be jetting to houses in Nantucket or Colorado and London and parties in Morocco and Dubai. The St. David house is a white elephant and better suited for conversion to a school or institution or even condos.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I want to hate it but I love it. Agree that it's a mishmash, but so livable and enjoyable.

Very DC meets California.

You can see a SpaceX tech bro rich from the IPO not caring about overpriced and buying the house because he's going to be in DC for a few years at one of the local AI offices. I posted earlier about the mishmash of styles but I have to agree the mood inside the house is so resonating to me and I love the kitchen. If you're worth 500M you'd happily pay that price if there's no other house in DC that can offer this vibe. And there's the thing most of us ordinary mortals often forget, if you're worth 500M and the stock market goes up 10% in a year, you're not worried about losing a few mill on resale.

+1. That's who belongs in this house. A person from CA who is only in DC for a few weeks a year. Otherwise the vibe and style doesn't make sense. It's like they took a classic house and made a Frankenstein out of it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I want to hate it but I love it. Agree that it's a mishmash, but so livable and enjoyable.

Very DC meets California.

You can see a SpaceX tech bro rich from the IPO not caring about overpriced and buying the house because he's going to be in DC for a few years at one of the local AI offices. I posted earlier about the mishmash of styles but I have to agree the mood inside the house is so resonating to me and I love the kitchen. If you're worth 500M you'd happily pay that price if there's no other house in DC that can offer this vibe. And there's the thing most of us ordinary mortals often forget, if you're worth 500M and the stock market goes up 10% in a year, you're not worried about losing a few mill on resale.

+1. That's who belongs in this house. A person from CA who is only in DC for a few weeks a year. Otherwise the vibe and style doesn't make sense. It's like they took a classic house and made a Frankenstein out of it.

If a person is worth $500 million, would they want a house with a security fence or gate? I might want one, if I had $500 million.

Also, Cleveland Park is nice, but it does not have a lot of amenities for kids/teens such as sports fields. It seems like Bethesda might be a nicer option with a bit more privacy too.

[Anonymous]

Anonymous wrote:Here’s an $11,000,000 house on the Main Line in PA for comparison. Are the supposed furnishing digitally added?
Tough commute to DC, but more for your money. Haven’t compared property taxes.

https://www.sothebysrealty.com/eng/sales/detail/180-l-4091-7yx6yy/220-ravenscliff-road-st-davids-pa-19087

If you are rich rich, no one is concerned with "more for your money" comparisons.

[Anonymous]

Weird. Just because they spent a lot of money on it doesn't mean they will get that money back.

[Anonymous]

Anonymous wrote:Weird. Just because they spent a lot of money on it doesn't mean they will get that money back.

Exactly, I'm a bit surprised at the responses here. It's "fine", but not worth 11M

[Anonymous]

Anonymous wrote:

Anonymous wrote:I want to hate it but I love it. Agree that it's a mishmash, but so livable and enjoyable.

Very DC meets California.

You can see a SpaceX tech bro rich from the IPO not caring about overpriced and buying the house because he's going to be in DC for a few years at one of the local AI offices. I posted earlier about the mishmash of styles but I have to agree the mood inside the house is so resonating to me and I love the kitchen. If you're worth 500M you'd happily pay that price if there's no other house in DC that can offer this vibe. And there's the thing most of us ordinary mortals often forget, if you're worth 500M and the stock market goes up 10% in a year, you're not worried about losing a few mill on resale.

You again. You have this funny idea that rich tech bros will want to move to DC. They won’t. And if you don’t understand why DC lacks the appeal of places like NYC, San Fran, and LA, as well as premier resort destinations like Jackson hole and parts of Colorado, then you’re truly clueless.