Rental of the Day – Living Large in Georgetown

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by Prince Of Petworth April 12, 2013 at 3:00 pm 21 Comments

3303 Water Street Northwest

This rental is located at 3303 Water Street, NW:

“Corner 4th floor unit with popular floor plan. Includes home office / den. Rent includes all utilities, 99 channels cable, 2-car parking, swimming pool, fitness, car wash, additional storage, front desk, concierge.”

This 2 bed/2.5 bath is going for $8,000/Mo.

Anonymous

Where are the pictures of the actual unit? What kind of a rental ad asking for $8000 a month just shows building pictures…
jcm

Just send one of your staff over to check it out in person. Floor plans are for the poor.
spookiness

Only 99-channels? No deal.
Rock

Nearly $81 a month per channels cable? rental prices are getting insane.
katemc

My office is right next to here. Such an inconvenient location. You can only get to it from K Street, under the White Hurst. You will literally never go anywhere in a hurry.
- eric_in_ledroit
  
  K street in Georgetown is actually super convenient because it doesn’t get gridlocked like M…
- washingtonian
  
  If you can afford to pay $8000/rent, you can afford to be late.
anon

This just deepens my feelings of inadequacy caused by my unpopular floorplan. I knew I should have stretched my budget to get the moderately popular floorplan in a soon-to-gentrify neighborhood.
Yogger

Plus you are a stone’s throw from the hobo village that lives under the Key Bridge.
- austindc
  
  We have a hobo village?! What are the rents there? Can I cook with secret hobo spices?
- kken
  
  i haven’t been back there since my company went kablooie 4 years ago but I used to work right under the Key Bridge… we were right next to this building. Only thing else back that way was Jack’s Boat House. When the pizza delivery guy got killed in “State of Play” under the Key Bridge, I had to laugh coz ain’t no one there ordering a pizza that time of night!
homegirl

Hopefully your corner views aren’t of White Hurst.

Here’s a similar unit that sold back in 2008 for 1.85 million (with $2292/month condo fees): http://www.homevisit.com/tourLite/?id=32877

If the owner of this rental bought it for the same price & has the same taxes (and using today’s mortgage rates), even at $8,000/mo, he’s losing about $2,250/mo.
- loojie
  
  Wow, I’ve seen almost identical condos in Logan Circle for half the price.
- washingtonian
  
  One, you’re assuming the owner is a “he”.
  
  Two, you’re assuming the unit isn’t wholly (or even largely) paid off, which would make the monthly note substantially lower. That’s one major benefit of owning versus renting, annually your monthly note drops as you pay off your property, while annually your monthly rent (usually) goes up.
Anonymous

Some fresh looking sewage water.
Anonymous

You had me at $8,000/mo.
Aaron

Gross.
Anonymous

I want to know what your profession is to be able to afford this!! Amongst the new STUDIOS going up on 14th st corridor for $2,000/month rent!
- Anonymous
  
  You’re asking the wrong question. You should be asking “what does this person own that pays for their living costs?”
  
  The 1040EZ is for suckers (like myself). No one ever got rich getting paid a yearly wage and having a boss.
Anonymous

At first glance, it doesnt’ sound possible that somebody would be dumb enough to rent a $1.5M condo for $8K a month. My guess is that they are targeting foreign national students at Georgetown whose parents are royalty in the Middle East, oligarchs in Russia, etc.. Another possibility would be individuals that are getting a stipend from either their company or gov’t and will be in DC for less than 2 years.
- Anonymous
  
  That was my thought too. There’s definitely a big enough pool of Georgetown renters that have someone very wealthy footing the bill.

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