Good Deal or Not? Weekly Wed. House Porn “extraordinary gardens and secret paths” edition (reader request)

This house is located at 2950 University Terrace NW:


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The listing says:

“Rare 6.2 acre parcel w/ spectacular 10,000SF 1995 residence mins from downtown. Superb and thoughtful construction w/ 11’+ ceilings and wonderful indoor/outdoor relationship; fabulous flow for entertaining. Circular drive + gated parking, 2BR guest house. .. and OH THE GROUNDS! Beautiful pool, terraces, extraordinary gardens and secret paths. Possibility of subdivision.”

You can see more photos here and a virtual tour here.

This 5 bed/6 bath is going for $19,500,000.

20 Comment

  • Well, the outside is beautiful.

    Seriously, all I can thinking looking at the most expensive house in DC is that they current owners spent so much money on the house, they couldn’t afford to buy big enough furniture to fill it, it hasn’t been updated since the mid 90s, and once again Wednesday House Porn proves that the majority of extremely wealthy people have terrible taste.

    • Much of the furniture has been removed. There was a truck in the driveway several weeks after he died (last year).

      • This is an estate sale for $19mil?!?

        No Crown Moldings?!

        This would make for a great renovation, but geez, that price is magnanamous. Would be better to buy the place, knock the house down and build condo retail mega-rises on the property instead at that price point.

      • That’s unfortunate, I didn’t realize that. But they really took out the dining table that actually fits the space and put in the teeny tiny one instead? Then whoever staged it should be fired.

        It’s true, it’s the land you’re paying for. But I hope just to enjoy looking at because my understanding is that zoning in the Palisades is extremely restrictive and anti-density.

  • I love the little dining table in the middle of the huge room. That’s awesome.

  • Wow. 19.5 million? I hope for a teardown to build an entire subdivision because that house is awful. It looks like a commercial property disguised as a house. Wow.

  • The lawns are gorgeous (would have been nice to see a photo of the guesthouse). But the house itself…yawn (and really, the window treatments are ridiculous). I would much rather have a beautifully restored old house with small yard in a “closer-in” neighborhood than this.

    • When you’re spending 10+ million on a house you can surely afford to redecorate/restore however you please.

      Those lawns are drop-dead gorgeous.

    • Amen about those curtains, brother. What is the deal with rich people and bizarro curtains? It’s like they all fancy themselves Scarlet O’Hara and will one day need to make ballgowns out of their curtains after the Occupy crowd rises up and rampages through their estates?

      Agree with pretty much everyone else that the house is hideous and the gardens are magnificent.

  • I guess you’re paying for all that land?
    ‘Cuz the house is mediocre at best. Terrible, cheap cabinetry.

  • Looking at the pics, I really can’t believe how terrible the finishes are.

    This is all about the lot. Real property DB has the land at 73-74% of appraised value for both 2012 and 2013. I guess this makes the house a tear down!

  • Early 90s prom queen trying to hold on to her clearly faded and not so impressive glory.
    Oh but her hair (grounds) sure is nice!

    • +1 and chuckles. The architect that designed that entry & landing – even in the 90s – even with nouveau riche sensibilities – should be tarred and feathered.

  • I think the price is due to the huge parcel of land – you could easily subdivide and build more houses, etc. At this price though that’s pretty much what you would have to do. I agree the house itself needs a lot of updating. The gardens (and greenhouse!) are pretty amazing, though :)

  • This is a horrible deal. I wouldn’t pay a dollar over 19 million.

  • What’s the process for subdividing land? Can it be done here?

    I’m sure the wealthy neighbors won’t be too happy about that if it happens and will have their lawyers on speed-dial.

    • I lived in this neighborhood (basement apartment) for 9 years. I’m not sure zoning laws would allow for tearing it down to put up townhouses – but other parts of the Palisades have definitely seen its share of that recently.

  • I have no feel for the 15 million plus housing market. It may well be that this is being priced for subdivision value. That would be a shame, in my view. It is kind of neat to have a few grand estates in the city proper. Also, how much of a subdivision would you have to do to make your money back. My guess is that the conversation has to start at 12 half acre lots but that they would probably looking to get much more than that out of it. 24 1/4 acre lots, perhaps. That is still a big lot size in the city.

  • LOL what a POS

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