Home | Newsletter | Advertise
loading...

$16 Million Unfinished McLean Mansion Sells at $4 Million Discount

  • January 22nd 2018

by UrbanTurf Staff

$16 Million Unfinished McLean Mansion Sells at $4 Million Discount: Figure 1
Rendering of 1191 Crest Lane

One of the most expensive homes on the market in the DC area sold last week, at a bit of a discount. 

Listed for just south of $16 million, the home in the works for 1191 Crest Lane in McLean calls for a 20,000 square-foot house with a series of entertaining areas on a lot over three acres. 

The under-construction home sold on Friday for $12 million, a notable discount from the asking price. While listing agents Jason Mandel and Mark McFadden of Washington Fine Properties did not want to comment on the sale, a post-closing note in the listing speaks to the reason for the heavy discount. 

"House sold prior to construction completion, seller reduced asking price (during negotiations) by nearly $4M to allow buyer to finish new construction. Sales price reflects semi-finished condition."

Even at the heavily discounted price, this home is the most expensive residential sale in the DC area this year. 

See other articles related to: luxury real estate, mclean

This article originally published at https://dc.urbanturf.com/articles/blog/16-million-unfinished-mclean-mansion-sells-at-4-million-discount/13474.

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. Visit guides.urbanturf.com or start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse