If you’ve been wondering what $49,000,000 will get you in the DC real estate market (and really, who hasn’t?), I have an answer for you: Evermay. Built in 1801 by Nicholas King (who helped Pierre L’Enfant design DC), the estate is now owned by Harry Belin (heir of diplomat F. Lammot Belin, who bought the place in 1923). Belin has been leasing the estate to the Evermay Society, a charitable organization that rents the estate in exchange for hefty fees. The house is listed on the National Register of Historic Places.
Why would Belin decide to unload nearly $50 million worth of historic property in today’s market? In this The Georgetowner editorial, the author reveals the reason for the sale. Harry Belin decided to sell the estate due to a dispute with neighbors over the number of parties held on the premises. The neighbors are unhappy with the noise and parking inconveniences caused by social events held at the estate. I wonder how those same neighbors will feel if developers buy the estate and divvy it up for townhomes.
On to the details…
Situated on 3.5 acres with views of the Washington Monument and Rock Creek Park, the estate features renowned grounds and gardens, parking for 100 cars, a ballroom and a gatehouse. Interested parties must receive advance qualification and provide 24 hours notice in order to tour the house.
Thanks to my fellow blogger, Allison Scuriatti, for the tip about this property.