TTR Sotheby’s International Realty sells 1714 Massachusetts Avenue NW for $12,000,000

Creating a record of sorts in this time of recession, TTR Sotheby’s International Realty of Washington DC announced that it has sold 1714 Massachusetts Avenue NW for $12,000,000! This sale has become the highest priced residential sale in 2009 and the highest since the beginning of 2007. 1714 Massachusetts Avenue was built in 1890 and is situated in a prime area off of Dupont Circle close to Embassy Row. A home fit for a king, the first floor features grand public rooms perfect for large scale entertaining including double formal parlors, embassy sized dining room and wood paneling that can accommodate gatherings of all sizes.

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The second through fourth floors feature the family living quarters which include the family kitchen, family living room and 5 plus bedrooms and 5 full and 1 half baths. This sale has definitely raised the hopes of the real estate market which has seen a massive decrease in prices over the last two years.. Is this the end of the slump in the real estate market? We can only wait and watch.

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