What's Hot: RFK Stadium Cleared For Demolition | Airbnb Unveils Icons
$16 Million Unfinished McLean Mansion Sells at $4 Million Discount
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.
story continues below
loading...story continues above
"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.
Most Popular... This Week • Last 30 Days • Ever
Georgetown Metropolitan reported on Tuesday that the Instagram account for the nation... read »
A Home Equity Line of Credit, commonly referred to as HELOC, is a borrowing product t... read »
The National Park Service has given the green light for DC's 62 year-old stadium to b... read »
UrbanTurf continues our tour of neighborhood developments around the region as we tak... read »
A regular inclusion as one of DC's most expensive housing markets, Georgetown remains... read »
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