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Roundup: DC Home Prices Could Drop; Shaq’s Mansion Gutted

by UrbanTurf Staff

Here are some of the interesting real estate stories making headlines this week:

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Shaq’s Gutted Mansion

  • Shaqtastic!! Even in one of the country’s worst hit housing markets, there is apparently still room for lavish extravagance. According to Miamism, supermodel Naomi Cambell’s Russian real estate mogul boyfriend Vladislav Doronin (you might have caught the duo on Oprah recently [yes, UT watches Oprah]) purchased Shaquille O’Neill’s massive Star Island mansion for $16 million and then completely gutted it! Originally listed for $32 million, it looks like Doronin got a deal on the 7-footer’s home, which justifies a complete gut renovation, right??
  • HushGalleria mansion is back on the market White House party crasher and former event promoter Carlos Allen is once again listing his Mount Pleasant party pad, according to DCist. Allen, who made headlines a few months ago by supposedly showing up uninvited to a White House state dinner, announced that he was exiting the world of underground, “secret” party planning earlier this year. The house, which we wrote about in January, is on the market for $879,000.

  • 77 Percent Chance DC Area Home Prices Drop By End of 2011 A report from mortgage insurance company PMI states that the DC area is at “high risk for drops in housing prices by the end of next year,” the Washington Examiner reports. Even though the area has seen an increase in sales volume and prices of late, the report said that there is a 77 percent chance that area home prices will be lower at the end of 2011 than in the 4th quarter of 2009.

  • The Social Safeway is back. The Social Safeway at the top of Georgetown re-opened Wednesday night with an invitation-only gala (yes, grocery stores are now having formal events when they re-open their doors). The new and improved store has a sushi bar, 2,500-bottle wine cellar and will be open 24 hours a day. Needless to say, your local market this is not. Here is a cool time lapse video of the construction.

Finally, here are UrbanTurf’s three most popular posts of the last week in case you missed them:

  1. Sellers, Prepare To Be Googled
  2. Dupont Circle: The Best of DC (For a Price)
  3. Waking Up Underwater

See other articles related to: weekly roundup

This article originally published at https://dc.urbanturf.com/articles/blog/roundup_dc_home_prices_could_drop_shaqs_mansion_gutted/2046

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Ballston
Looking to Give People A Reason to Stay Past 6pm
Clarendon
Happily Straddling the Line Between City and Suburb
Columbia Pike
Arlington’s Neglected Stepchild is Getting a Makeover
Crystal City
Turning Lemons into Lemonade
Lyon Village
Developing An Air of Exclusivity?
Rosslyn
Hitting Its Growth Spurt
Shirlington
An Urban Village Hitting Its Stride
Del Ray
Virginia’s Small Town Near the Big City
Eisenhower Avenue
The Vibrancy Might Take a Few Years
Huntington
The Quiet Neighborhood By the Beltway
Old Town
Mayberry By The Potomac
Parkfairfax
132 Commerical-Free Acres
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Staying the Same in the Midst of Change
Tysons Corner
Radical Change Could Be On The Way

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Small-Town Living in the State Capital
Bethesda
Bedroom Community Gets Buzzing Cache
Cabin John
In With The New While Maintaining the Old
Chevy Chase
Affluence, Green Lawns and Pricey Homes
Downtown Silver Spring
Experiencing a Resurgence After a Bumpy History
Potomac
A Suburb on Steroids
Rockville Town Square
Despite the Dynamism, Still Somewhat Generic
Takoma Park
More Than a Little Bit Quirky
Wheaton
A Foodie Magnet on the Verge of Change
Capitol Heights
Kudzu, Front Porches and Crime
Hyattsville
Glass Half Full or Half Empty?
Mount Rainier
Artists, Affordable Homes and A Silo Full of Corn
National Harbor
A Development Rises Next to the Potomac
Riverdale Park
A Town Looking For Its Identity

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16th Street Heights
DC's Sleeper Neighborhood
Bloomingdale
Where (Almost) Everyone Knows Your Name
AU Park
One of DC’s Last Frontiers Before the Suburbs
Brightwood
DC’s Northern Neighborhood on the Cusp
Burleith
DC’s 535 House Neighborhood
Cathedral Heights
Do You Know Where That Is?
Chevy Chase DC
Not to Be Confused With the Other Chevy Chase
Cleveland Park
Coming Back After A Rough Year
Columbia Heights
DC’s Most Diverse Neighborhood, But For How Long?
Crestwood
An Island of Serenity East of the Park
Dupont Circle
The Best of DC (For a Price)
Foggy Bottom & West End
Where the Institutional Meets the International
Forest Hills
Ambassadors and Adventurous Architecture
Foxhall Village
350 Homes Just West of Georgetown
Friendship Heights
A Shopping Mecca With a Few Places to Live
Georgetown
History, Hoyas and H&M
Glover Park
One of DC’s Preppier and More Family-Friendly Neighborhoods
Kalorama
A Posh View From Embassy Row
LeDroit Park
A Quiet Enclave in the Middle of the City
Logan Circle
Trendy Now, But Not By Accident
Mount Pleasant
Sought-After Homes Surround Main Street in Transition
Mount Vernon Triangle
From Seedy to Sought-After
Palisades
The Long, Skinny Neighborhood at the City’s Northwest Edge
Park View
It’s Not Petworth
Penn Quarter/Chinatown
DC’s Go-Go-Go Neighborhood
Petworth
Getting a Vibrancy of Its Own
Shaw
The Duke’s Former Stomping Ground
Shepherd Park
DC’s Garden of Diversity
Spring Valley
A Suburb With a DC Zip Code
Takoma
Not To Be Confused With Takoma Park
Tenleytown
Not Quite Like Its Neighbors
U Street Corridor
The Difference a Decade Makes
Woodley Park
Deceptively Residential
Adams Morgan
No Longer DC’s Hippest Neighborhood, But Still Loved by Residents

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The little quadrant that could

Southwest Waterfront
A Neighborhood Where A Change Is Gonna Come

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Profiles of 10 neighborhoods in NE

Brookland
New Development Could Shake Up Pastoral Peace
Deanwood
A Little Bit of Country Just Inside the District’s Borders
Eckington
Not to Be Confused With Bloomingdale
Fort Totten
Five Years Could Make a Big Difference
H Street
A Place To Party, and To Settle Down
Langdon
The Northeast Neighborhood That Few Know About
Michigan Park
A Newsletter-On-Your-Doorstep Community
NoMa
Evolving from a Brand to a Neighborhood
Rosedale
Ripe for Investment Right About Now
Trinidad
The Difference 5 Years Makes
Woodridge
Big Houses, A Dusty Commercial Strip and Potential

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6 neighborhoods from Capitol Hill to East of the River

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Capitol Hill’s Lesser Known Neighbor
Congress Heights
Gradually Rising
Hillcrest
Notable for Its Neighborliness
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Future Promise Breeds Cautious Optimism
Eastern Market
A More European Way of Living

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