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$45 Million: Plans for Ted Kennedy’s Former Estate

  • January 17, 2013

by UrbanTurf Staff

$45 Million: Plans for Ted Kennedy's Former Estate: Figure 1
Rendering of new $45 million estate.

A planned estate on the site of Ted Kennedy’s former McLean home hit the market on Tuesday for an eye-popping $45 million, making it the most expensive listing in the area.

UrbanTurf readers may remember 636 Chain Bridge Road (map) as the home that was once owned by The Lion of the Senate. The house has been on and off the market for between $9.5 million and $13 million over the past few years.

UrbanTurf spoke with listing agent Fouad Talout who said that there are plans for a new 30,000-square foot, $45 million estate at the address. However, the option also exists for interested buyers to work with project architects and builders on a much less grand vision. So, the actual outcome (and price tag) is far from certain.

$45 million for a not-yet built home seems rich, even for a housing market with record-low inventory. We’ll be keeping a close eye on this listing.

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This article originally published at http://dc.urbanturf.com/articles/blog/45_million_estate_planned_for_ted_kennedys_former_home/6530

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