Are These The Most Coveted Properties on the Market in Georgetown?

3524-3526 K Street NW
The area around K Street in Georgetown has seen a lot of development buzz in recent years.
Plans were bandied about for an aerial gondola connecting Georgetown to Rosslyn. In the last month, conceptual designs were unveiled for how the C&O Canal could be reimagined. And now, two residential properties adjacent to the Key Bridge Boathouse and at the mouth of the Capital Crescent Trail have been listed for sale that offer a very exclusive place, and perhaps a coveted development opportunity, along the Potomac River.
The two residences at 3524-3526 K Street NW (map) have been owned by George Washington University since 2003. Listed with Nancy Itteilag of Washington Fine Properties, the four-level townhomes have 3,000 and 2,200 square feet of interior space as well as gated parking.

The view from the two Georgetown properties.
story continues below
loading...story continues above
However the eventual buyer is unlikely to pay the lofty $4.9 million price tag for the modest properties themselves, but rather for their location. The two residences are the only single-family homes that sit along the Potomac River on the south side of K Street NW in Georgetown, which offers a potentially very attractive development opportunity, albeit in a place where getting new residential construction approved isn’t easy.
UrbanTurf will monitor the activity on these two properties. Potential buyers are required to register with the listing agent and submit a financial pre-qualification.
See other articles related to: georgetown, georgetown canal, georgetown-rosslyn gondola
This article originally published at https://dc.urbanturf.com/articles/blog/are_these_the_most_coveted_properties_on_the_market_in_georgetown/13303.
Most Popular... This Week • Last 30 Days • Ever

509 Lloyds Lane features 6,000 square feet of naturally lit space, six fireplaces, a ... read »

Clarion Partners, the owner of the Chevy Chase Pavilion, has filed modifications to i... read »

Where it's cheaper to build than buy; Elon Musk is not making Texas happy; and the wo... read »

New renderings show the public space that will be part of the huge new residential de... read »

Several large projects are in the works across the Potomac in Rosslyn while others ha... read »
- In a Highly Desirable Alexandria Location, This Newly Listed Six Bedroom Home is a Timeless Classic
- Plans Progress For a New Grocery Store at Friendship Heights Mall
- Friday's Must Reads
- New Renderings Show Retail Plaza, Park at 435-Unit Takoma Metro Development
- The 2,600 Units in Progress, and 500 Units on Hold, in Rosslyn
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
Unique Spaces
Awesome and unusual real estate from across the DC Metro