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$11 Million Discount: Big Price Drop For Embassy Row Mansion

  • April 23, 2014

by UrbanTurf Staff

$11 Million Discount: Big Price Drop For Embassy Row Mansion: Figure 1
2933-2943 Benton Place NW

A ten-bedroom mansion near Embassy Row that was one of the city’s most expensive listings eight years ago re-entered the market this week at a hefty discount.

The listing price for 2933-2943 Benton Place NW (map) fell to $9.8 million when it came on the market on Tuesday. The ten-bedroom, 11-bath property initially hit the market back in 2006 for $21 million, more than double the current asking price. Over the past eight years, the home has been on and off the market (at a reduced price each time) but has never sold.

The 11,400 square-foot property sits tucked away off Embassy Row near Rock Creek Park. Originally built in 1927, it was completely renovated in 2001.

The most expensive home(s) on the market in the city at the moment remain the adjacent mansions at 2320-2330 S Street NW, known for housing the Textile Museum, which are listed for $22 million.

This article originally published at http://dc.urbanturf.com/articles/blog/big_price_drop_for_embassy_row_mansion/8391

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