Move away somewhere, take $600,000 or so to build a house/buy land and invest the rest so I have a nice retirement fund and college fund for the kids.

Bethesda, near Old Courthouse close to some shops / playground.

But I wouldn't spend $3 mill.

Hmmm....

We just bought a historic house in Arlington which I love. We only moved in a week ago and I wouldn't move out for anything. I would use about 100K of the money to gut the kitchen, buy new furniture, put up plantation shutters, etc.

My in-laws already have a beach house so I wouldn't buy another and I hate skiing so that is off the table. I might think about buying a small apt. in Paris, though...

What's leftover would go into the college fund, to charity, to the emergency fund, and to the travel abroad fund.

I would update and professionally decorate my home in Brookeville and buy a vacation home in Bethany...and I would quit my job and be a SAHM.

Do we have to use the $3M on real estate? If not, I'd probably pay off my mortgage (about $700,000) and put the rest for savings and private school tuition.

If the $3M must go to real estate, I'd either (a) stay in my current home in Chevy Chase, but buy a weekend farm near Middleburg/the Plains or (b) buy a bigger house in CC.

Gut and remodel my existing house in Bethesda, maybe spend close to 800K.

Also, a small, modest place in Rehoboth, maybe in The Pines.

Invest any balance in education, savings, laser hair removal.

I would buy an $800,000ish house around/in Fairfax City and I would buy a nice beach house in one of the DE beach towns -- budget $500Kish. I would take the rest and buy a small place in NYC or in Vegas or someplace fun.

Anonymous wrote:Mclean

+1

But I'd save a little and get a 2nd little spot in Miami.

Waterfront house on the Potomac out the Parkway near Mt. Vernon

Mclean

Anonymous wrote:I'd keep my house in SS and add a 2nd level with a master suite. I'd consider buying or renting an apt downtown for during the week to reduce my commute, but then my kids would have a commute to school.

With $3M you would live in SS?? BS!

I'd keep my house in SS and add a 2nd level with a master suite. I'd consider buying or renting an apt downtown for during the week to reduce my commute, but then my kids would have a commute to school.

Awe ... I was gonna say get the flock out of here.

Top floor at the Newseum building.

Where would you buy/build a house in the DC area?

Personally I'd buy that land on klingle and build a fabulous house surrounded by trees but still in the hear of the city. Alas that property has been sold and I'd never be able to afford t anyway.

Or a ultra modern condo in Penn quarter.