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Auction Canceled (Again) For One of DC’s Area’s Priciest Homes

  • February 21, 2013

by Shilpi Paul

Auction Canceled (Again) For One of DC's Area's Priciest Homes: Figure 1
Looking up at the ridge where 201 Chain Bridge Road sits.

For the second time, the auction of one of the DC area’s priciest homes was canceled.

No reason was given for why the Thursday morning auction of 201 Chain Bridge Road (map), which has been assessed at $20.3 million, was canceled. But the cancellation of this event is now becoming a trend. The initial auction, set for September 2012, was also canceled.

The 20,000-square-foot Mediteranean-style home, which overlooks the Potomac River and has views of DC’s skyline, was recognized as the third most expensive home in the May 2012 issue of Washingtonian, months before the owner foreclosed on it.

Built in 2003, the home boasts MTV Crib-worthy features like multiple bowling lanes, a 15-car underground garage, a movie theater and indoor and outdoor spa amenities like a sauna, steam room and pool.

The auction for the unusually massive home was set to take place on the Arlington County Courthouse steps, which would’ve made for an entertaining scene of bidding millionaires. We’ll continue following the property to see what happens next.

See other articles related to: auctions

This article originally published at http://dc.urbanturf.com/articles/blog/auction_canceled_again_for_one_of_dcs_areas_priciest_homes/6689

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