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.
- McLean Mansion With 250-Inch Outdoor TV Hits Market for $22 Million
- Max Scherzer's McLean Home Sells For $15 Million Asking Price
- $48 Million: A Portion of Mt. Vernon Sells, Becomes Priciest Home to Sell in DC Area
This article originally published at https://dc.urbanturf.com/articles/blog/the-dc-areas-70-million-homebuyer/19364.
Most Popular... This Week • Last 30 Days • Ever
Dupont Circle’s Swann House, a former 15-bedroom bed and breakfast, will be listed ... read »
There are two new proposals to redevelop the center at 14th and U Streets NW that are... read »
A recent build in Anacostia made history as the first code-compliant bamboo building ... read »
The recently-filed amendment would help move redevelopment of a police and fire stati... read »
Even as the residential development pipeline along 14th Street dwindles, there are st... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
Why condo fees are high in some buildings and low in others can be a difficult questi... read »
Post Brothers has plans in the works to convert the Universal buildings into a sprawl... read »
The two-building project will include approximately 825 residential units, 151 lodgin... read »
The M Street building was built in the early 1980s.... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
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!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro