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Friday, mar 14
Real Estate
Trump's Tariffs Could Increase New Home Prices Up To $10K, Builders Warn: Here's Why
New home prices could jump by as much as $10,000 because of President Donald Trump's tariffs, industry leaders warn. The National Association of Home Builders (NAHB) estimates that Trump's tariffs could increase prices by $7,500 to $10,000 per new single-family home. The trade group said the estimate is based on reports from members planning for tariff-related price hikes. Trump imposed a 25 percent tariff on Canadian and Mexican goods on Monday, Mar. 4, as well as 20 percent duties on Chinese imports. Two days later, he announced the tariffs would be paused for products covered by the…
Real Estate
Trump Administration Selling Off 79 'Non-Core' Federal Spaces In Maryland
The Trump administration is putting some of the largest and most well-known federal buildings up for sale. The move is all in an effort to eliminate waste, slash maintenance costs, and reinvest in more efficient spaces, according to the U.S. General Services Administration (GSA). Officials have identified hundreds of "non-core properties" totaling millions of square feet that no longer serve essential government functions and are now up for grabs. “Selling ensures that taxpayer dollars are no longer spent on vacant or underutilized federal spaces,” federal officials said. “Disposing of the…
Real Estate
Kevin Spacey's Former $6M Waterfront Mansion On The Market: 'Icon Of Baltimore'
A sprawling, luxury Baltimore waterfront mansion once owned by controversial Oscar-winning actor Kevin Spacey is back on the market—this time with a $6 million price tag. Dubbed "The Icon of Baltimore," according to its listing, the palatial 9,069-square-foot residence at 622 Ponte Villas N in the city’s exclusive Harborview community is up or sale at $5,999,000. 622 Ponte Villas N #162/163, Baltimore Derek & Vee Photography The six-bedroom, nine-bathroom home is anchored at the end of a pier, offering privacy, prestige, and panoramic views of Baltimore’s Inner Harbor, with the …
Real Estate
Home Sales Plummet, Prices Hit New January Record: How Tariffs Could Drive Costs Higher
Home sales fell in January as prices continued soaring, showing the financial strains potential buyers are facing. Existing-home sales declined 4.9 percent from December 2024 to a seasonally adjusted annual rate of 4.08 million in January, the National Association of Realtors (NAR) said in a news release on Friday, Feb. 21. The median home price climbed 4.8 percent year-over-year to $396,900, the highest amount ever in a month of January. In the Northeast, sales fell 5.7 percent from December to an annual rate of 500,000 homes, though they increased 4.2 percent from January 2024. The m…
Real Estate
NBA Star's Former Maryland Mansion Listed At $11M (
Photos
)
A Maryland mega-mansion once owned by former Washington Wizards star Bradley Beal has hit the market for a cool $11 million—and it’s got everything a baller could want, including a full-size indoor basketball court he built himself. Located in the exclusive Avenel community, the 14,900-square-foot estate at 8913 Holly Leaf Lane in Bethesda sits on two acres and is packed with luxury amenities, from a resort-style pool and spa to a private tennis court and fire pit area. The home is listed with Washington Fine Properties. Beal, now with the Phoenix Suns, transformed the home during his DC da…
Real Estate
Look Inside Brand-New Luxury Condos Coming To North Bethesda
Homebuyers in North Bethesda have a new upscale option as Tri Pointe Homes officially launches Northpark Lofts, a luxury condo community just steps from the bustling Pike & Rose district. The new development, located inside the Northpark community, is now open for sales, with prices starting in the low $800,000s. The Bellamy home design features between 2,535- and 2,550-square-feet of modern living space, including three bedrooms, two-and-a-half baths, a spacious covered terrace, a private one-bay garage, a large great room, a pocket office, and dual walk-in closets in the primary suite…
Real Estate
US Home Sales Plunge To Lowest Level Since 1995: Here's Why
Home sales in 2024 tumbled to their lowest level in nearly two decades but the Northeast offered a small glimmer of hope in an otherwise challenging year for the housing market. Existing-home sales dropped to 4.06 million in 2024, the National Association of Realtors (NAR) said in a news release on Friday, Jan. 24. That figure marked the worst year for the US housing market since 1995. The sales drop happened as the median price of a home reached a record high of $407,500, up six percent from 2023. "The median home price was elevated partly due to the upper-end market's relative …
Real Estate
Kalorama’s Crown Jewel? Lavish $5.8M Estate Could Be Ultimate Power Address For DC Players
A stately home in DC's prestigious Kalorama neighborhood may be the perfect spot or a new Cabinet member after it hit the market for $5.8 million. Dilan Homes has completed a top-to-bottom reimagination and restoration of a popular Federal-Inspired Brick Home that sits in the heart of community, surrounded by homes that have housed some of the rich, famous, and powerful. The listing was posted by Robert Hryniewicki, Adam Rackliffe, Christopher Leary, and Micah Smith of HRL Partners at Washington Fine Properties. "It is 100 percent gut renovated with an entirely brand new floor plan, …
Real Estate
Red, Blue, And You: New Tool Lets Homebuyers Check Neighbors' Politics
Homebuyers are increasingly considering political leanings when choosing neighborhoods, according to a brand-new report. Real estate agents note that clients prioritize communities aligning with their political views, seeking compatibility beyond traditional factors like schools and safety, the Axios story says. This trend may lead to more politically homogeneous neighborhoods, potentially impacting local governance and community interactions. Additionally, new real estate platforms, such as Oyssey, provide insights into neighborhood political affiliations, further enabling buyers to…
Real Estate
40-Foot Pool Among Selling Points For Potomac Home That Sold Over Asking Price For $1.86M
Hard work paid off for a team of realtors who overhauled a Maryland home, selling for more than $60,000 over the asking price. A buyer just had to have a Potomac home at along 9117 Potomac Station Lane, sitting on an unusually large parcel of land for the neighborhood that sold for $1.86 million, above the $1.799 million listing price, The five-bedroom, 5.5-bathroom custom-built 6,350-square-foot home had been listed with Robert Hryniewicki, Adam Rackliffe, Christopher Leary, and Micah Smith of HRL Partners of Washington Fine Properties. According to the realtors, the…
Real Estate
'Creating A Castle:' Rare Georgetown Condo Sells For 23 Percent Over Asking Price
A homeowner who fell in love with a unique condo in Georgetown just had to have it — for $260,200 over asking price. The condo at 1527 30th St. NW in Washington, DC was initially listed for $1.098 million, listing agents Robert Hryniewicki, Adam Rackliffe, Christopher Leary, and Micah Smith of HRL Partners at Washington Fine Properties said. But the smitten buyer went above and beyond for the two-bedroom, two-bathroom property, which closed at $1.36 million, or 23 percent over asking, the listing agents said. "In this super tight inventory marketplace in DC, it's not uncommon to …
Real Estate
Champions Garage Door Repair: Elevating Home Values in Columbia, MD's Real Estate Market
In the dynamic real estate landscape of Columbia, Maryland, homeowners are constantly seeking ways to enhance the value and appeal of their properties. Amidst various home improvement options, one aspect that is often overlooked but holds significant importance is the garage door. This is where Champions Garage Door Repair, a prominent name in the industry, comes into play, offering a unique blend of service and expertise that is reshaping the real estate scene in Columbia, MD. Columbia, MD: A Real Estate Haven Columbia, nestled in the heart of Maryland, is known for its diverse and vibrant…
Real Estate
Divine
Deal
: Cemetery Included In Sale Of Shuttered Maryland Church
Call it divine deal or a Christmas coincidence, a Maryland church is up for sale. By the way, it's got a wet bar. The former Hyattstown United Methodist Church, which held its last service in August, is on the market for $799,000 on Loopnet. The 4,000-square-foot specialty building near the Frederick County line on Route 355 in Clarksburg is divided by three land parcels which include a small church with a "simple" sanctuary and hall; a former parsonage with modular classrooms; and a cemetery, the listing says. Conveyed with the space are an organ and piano, a "wet bar" kitchen,…
Real Estate
NBA Star's Mega Mansion In Maryland Sells For $1 Million Under Asking Price (
Look
Inside
)
A Maryland mansion formerly home to a 30-year-old NBA star has sold for about $1 million under asking price. Bradley Beal's home at 8913 Holly Leaf Lane hit the market last fall, after the three-time All-Star was traded from the Wizards to the Phoenix Suns. The 13,482-square-foot Bethesda estate was listed for approximately $10 million but sold for $9.1, Zillow shows. It features nine bathrooms, six bedrooms, a four car garage, as well as two basketball courts for good measure sitting on nearly 14,000 square feet. The home was built by Winmar Construction and includes a "true indoor-…
Real Estate
Rite Aid Is Selling These Maryland Leases After Filing For Bankruptcy
The leases of all six Rite Aid stores in Maryland that are closing amid the recent bankruptcy filing are being sold. A&G Real Estate Partners is acting as the real estate advisor for the pharmacy chain, which filed for bankruptcy on Oct. 15, and has plans to close 154 underperforming stores nationwide. The deadline for the following leases for in Maryland is Monday, Nov. 20: 5808 Ritchie Highway, Baltimore 5 Bel Air South Parkway, Bel Air 728 East Pulaski Highway, Elton 7501 Ritchie Highway, Glen Burnie The deadline for the following leases for in Pennsylvania is Wednesday, Dec. 20: …
Real Estate
Bradley Beal's Maryland Home Hits The Market For $10M After Trade From Washington Wizards
Former Washington Wizards star Bradley Beal is reportedly selling his Maryland home for a cool $10 million. The Bethesda home on Holly Leaf Lane has hit the market after the three-time All-Star was traded from the Wizards to the Phoenix Suns in a three-team deal over the summer. According to the realtors looking to sell the mansion, it includes nine bathrooms, six bedrooms, a four car garage, as well as two basketball courts for good measure sitting on nearly 14,000 square feet. The home was built by Winmar Construction and includes a "true indoor-outdoor lifestyle home," they said, clai…
Real Estate
DC Home Of Alice Rivlin Hits Market At $6.6M
If you are looking for a home grounded in the nation's budget and economic history, 2838 Chesterfield Place NW in Washington DC could be your best bet. The $6.6 million home is nestled in the highly coveted and secluded Forest Hills neighborhood, and was once owned by the late Alice M. Rivlin, a former economist and 16th vice chair of the Federal Reserve. Before her appointment to the Federal Reserve, Rivlin was director of the Office of Management and Budget. Originally built in the 1950s, the home is suited for both grand entertaining and private relaxation. It overlooks Rock C…
Real Estate
Washington Commanders Owner Dan Synder Wants $49M For Maryland Mansion
Dan Snyder’s team isn’t the only thing he's looking to sell. The embattled Washington Commander's owner has listed his Potomac home in what could be a record-setting $49 million. Here's to hoping a buyer will meet his asking price. News of his house hitting the market comes as Snyder has been exploring a possible sale of his franchise amid allegations and investigations into a toxic workplace environment. Snyder also owns a mansion near Mount Vernon in Alexandria that is currently the most expensive residential purchase in the region at $48 million. Now he will look to top that with the s…
Real Estate
Asking Price Of Maryland Mansion Is Five Times More Than Average Area Listing
A Cecil County mansion with a backyard oasis is going for $1.799 million — nearly five times the amount of an average listing in the area. Located at 116 Liddell Road in Colora, the home hit the market at $2.2 million in November 2022, according to its Zillow listing. The average price of a Cecil County home as of December 2022 was $311,000, according to Redfin. 116 Liddell Road, Colora.Patterson-Schwartz Real Estate/Bright MLS 116 Liddell Road, Colora.Patterson-Schwartz Real Estate/Bright MLS The house spans 9,014 square feet and sits on 3.86 acres, with a nine-car garage, six bedro…
Real Estate
Silver Spring Apartment Complex Sold To Baltimore Affordable Housing Developer In $20M Deal
A Maryland real estate company is paying a pretty penny to improve its foothold in Silver Spring with a new multi-million dollar purchase. Baltimore-based Enterprise Community Development (ECD), a nonprofit owner and developer of affordable homes, has purchased the 87-unit multi-family Parkside Terrace on Easley Street for $20 million (or slightly less than $230,000 per unit), Transwestern Real Estate Services announced. According to Transwestern Executive Vice President Robin Williams, “the property has been well managed by long-term owners allowing ECD and its partners to preserve natura…
Real Estate
'Own Baltimore History:' Tupac's Teenage Home In Maryland Listed For Sale At $179K
A piece of hip-hop history can be had in the heart of Charm City as legendary rapper Tupac Shakur’s childhood home in Baltimore sits on the market waiting for the right buyer to come along. Redfin has listed Shakur’s home in the 3900 block of Greenmount Avenue (also known as “Tupac Shaker Way”) for sale at $179,000, where the Rock and Roll Hall of Famer spent many of his formative years before making it big in California in 1988. Born in New York, Tupac attended Roland Park Middle School and Paul Laurence Dunbar High School before transferring to the Baltimore School of the Arts, where he …
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