loading...

The DC-Area's Mystery $70 Million Homebuyer

  • March 9th

by UrbanTurf Staff

Inside James V. Kimsey's estate. Click to enlarge.

One buyer has spent more money than Jeff Bezos and Dan Snyder combined on residential real estate in the DC region over the last two years, but their identity is a bit of a mystery.

Using the moniker 600 CBR LLC, the buyer has purchased some of the most expensive real estate in the area along McLean's Gold Coast, starting about two years ago. 

In January 2020, the buyer made a splashy entrance to the DC housing market by purchasing 600 Chain Bridge Road (map), owned by late AOL co-founder James V. Kimsey. Listed with TTR Sotheby's International Realty for the tidy price of $62.95 million in 2018, it ultimately sold for about $43 million, at the time the most expensive residential property sale in the area. 

Later that year, the same buyer purchased 405 Chain Bridge Road, 407 Chain Bridge Road and 3915 44th Street (map) for a total of $24 million. Since this purchase, all the properties at these addresses have been razed. 

And last week, while not on the same price level of the properties above, 3909 44th Street, listed with Carl Becker of Premier Properties, sold for approximately $4 million, again to 600 CBR LLC. The home is adjacent to the properties above. 

Property records offer little in the way of help in determining the buyer's identity and representatives associated with the aforementioned transactions declined to comment to UrbanTurf. However, anecdotally, UrbanTurf has heard that the buyer is from the United Arab Emirates and that settlement documents confirm this. 

Interestingly, the government of Saudi Arabia purchased five parcels and properties in the 600 block of Chain Bridge Road back in 2018. All of those properties are adjacent to the listings mentioned in this article. 

Photo courtesy of Sean Shanahan Photography. 

Similar Articles:

This article originally published at https://dc.urbanturf.com/articles/blog/the-dc-areas-70-million-homebuyer/19364.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!