It has been quite a week for the upper stratosphere of the luxury home market in the DC area.
Eighteen months after being listed for $20 million — and over a year after a $2 million price jump — the reconstructed former Cafritz mansion has gone under contract. The home is listed with Marc Fleisher of TTR Sotheby's International Realty.
The eight-bedroom estate was built by Banks Development at 3030 Chain Bridge Road NW (map), the site of a mansion previously owned by the late DC luminary Peggy Cooper Cafritz. Cafritz's home, which contained one of the largest known private collections of African American art, was destroyed by a fire in 2009.
The house, which also has 11 bathrooms and sits on a 35,000 square-foot lot, was designed by Jones/Boer Architects. Details of the transaction and the new owner have not yet been disclosed.
Following the recent sale of what was once the DC area's most expensive home (recently supplanted by the Northern Virginia estate of James Kimsey), the market for the region's top-tier luxury, high-priced properties is clearly thriving.
This article originally published at http://dc.urbanturf.com/articles/blog/former-cafritz-mansion-goes-under-contract/14057
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