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$25 Million McLean Estate Becomes One of Virginia's Priciest Homes

  • September 5th 2023

by UrbanTurf Staff

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1260 Crest Lane. 

Add another home to the growing number of Virginia listings carrying an 8-figure price tag. 

A seven-bedroom home along the banks of the Potomac River hit the market over the weekend for $25 million with Mark Lowham and Phyllis Patterson of TTR Sotheby's International Realty. The news of the sale was first reported by The Wall Street Journal. 

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The loftiness of the listing price has much more to do with the land rather than the home itself. From The Journal:

The seven-bedroom house hasn’t been renovated since the 1970s, Lowham said, and the new owners will likely build a new home or remodel the existing one. Most lots along the river in McLean sell for upwards of $20 million, he said, and last year, he sold an empty lot nearby for around $23 million.  

The listing sits on four acres and has roughly 215 feet of frontage along the river. It is a few miles away from the Castle on the Potomac, a home that UrbanTurf reported hit the market for $22 million in early August.

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/25_million_mclean_estate_becomes_one_of_virginias_priciest_homes/21425.

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