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Evermay May Soon House a Non-Profit

by Shilpi Paul

Evermay May Soon House a Non-Profit: Figure 1
Evermay

Evermay, the Georgetown residence that made headlines as the priciest home to sell in DC in 2011, may soon no longer be a residence at all.

Curbed DC is reporting that the new owners — pharmaceutical magnates Dr. Sachiko Kuno and Dr. Ryuji Ueno — have requested a zoning change to turn the property from a residence into the headquarters of a non-profit. If approved, employees would work from the grand mansion, which would also become a venue for events.

Evermay May Soon House a Non-Profit: Figure 2
Evermay living room

In May, Evermay found a buyer for about $22 million, substantially less than when it was originally listed for $49 million in October 2008. Dr. Kuno and Dr. Ueno also went under contract on Halcyon House, the second most expensive residential property in DC in 2011, in November.

Photos courtesy of HomeVisit.

See other articles related to: luxury real estate dc, georgetown, evermay

This article originally published at http://dc.urbanturf.com/articles/blog/evermay_may_house_a_non-profit/4882

4 Comments

  1. Dan Maceda said at 9:30 pm on Monday January 9, 2012:
    Is this another dodge to avoid paying property taxes. DC doesn't need more tax exempt non profits.
  1. MJK said at 11:30 pm on Monday January 9, 2012:
    This is exactly what WASN'T supposed to happen when these folks bought the place. All the press was about them preserving the place as their residence. And I agree, the city may then lose $100,000 + a year in property tax. Well, the 1% will do whatever they please.
  1. PleaseDon'tOccupyTheCharities said at 12:34 am on Tuesday January 10, 2012:
    I feel amazed at this reactionary anger against a couple who (a) made a lot of money inventing medicine used to cure sick people and (b) appear to be preparing to give that money away for a good cause. I feel so sad that we live in a world where people are criticized for starting a non-profit.
  1. Mona said at 11:38 pm on Tuesday January 10, 2012:
    The city can do more for the poor and needy with the revenue from the tax this house would generate then what some non-profit would. Suppose the non-profit is one that is protecting the mexican yellow tree frog (don't know if such a thing exisit, I made it up). You would suppose to allow that to occur then maybe providing shelter to the homeless in the winter?

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