$14 Million: Georgetown's Taft Mansion Becomes DC's Most Expensive Home
1688 31st Street NW
The Taft Mansion, an expansive Georgetown home that sits between Dumbarton Oaks and Tudor Place, sold earlier this year for $6 million. As it undergoes an extensive renovation, the 8,800 square-foot mansion has been listed privately, making it the most expensive home for sale in DC.
The home located at 1688 31st Street NW (map) has a storied history. Built in 1870, it was owned in the early 1940s by Senator Robert Taft, son of President William Howard Taft. When it was purchased by lawyer David Ginsburg in 1956, a renovation resulted in three vintage bottles of champagne being found in the walls. From 1982 to 2016, it was owned by the same family.
story continues below
loading...story continues above
A development team consisting of high-end builder John McAlpine and architect Christian Zapatka is in the process of renovating the home. Listed privately with John Adler, John Adler, Jr. and Richard Newton of Washington Fine Properties, its $13.995 million price tag makes it the priciest home for sale in the city.
While this might seem like a quick and quite profitable turnaround for a DC home, Georgetown is one of the few neighborhoods in the city where luxury flips like this are successful. In 2012, 1645 31st Street NW sold for $6.2 million. After an 18-month renovation, it sold for just over $16 million.
See other articles related to: georgetown, georgetown luxury real estate, the taft mansion
This article originally published at https://dc.urbanturf.com/articles/blog/georgetowns_taft_mansion_listed_for_14_million/11502.
Most Popular... This Week • Last 30 Days • Ever
The big news in the development pipeline east of DC's H Street Corridor is the resur... read »
In this article, UrbanTurf looks at the estimated annual maintenance costs associated... read »
Today, UrbanTurf is examining one of our favorite metrics regarding competition in th... read »
Another concept has been unveiled for one of DC's most contentious development sites,... read »
The residential development in the works along Florida Avenue NE is looking to increa... read »
- The 4 Projects In The Works Near DC's Starburst Intersection
- What Are the Annual Maintenance Costs When You Own a Home?
- The 6 Places In The DC Area Where You Aren't The Only One Bidding On a Home
- A First Look At The New Plans For Adams Morgan's SunTrust Plaza
- 46 to 48: The Biggest Project In Trinidad Looks To Get Bigger
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro