Forbes has come up with the list of blue chip real estate investments. The criteria for the selection is "..well establish neighborhoods that have held on to and increased in value over a 17 year period." They're looking at data dates back to 1990.
The return derived from using long term investment strategy of buy-and-hold. The criteria buy-and-flip don't apply here.
Washington DC Rock Creek Park and Mass Avenue neighborhood is part of the list. Via Forbes.
Georgetown is not included on the list, because the homes in Rock Creek/ Mass Ave. hood are "much larger." That's it.
MRIS data shows that there are 2 properties on the market for a 'cool'.. $10M. Yep. 10 million dollars, that is. One property is located on 3154 Highland Place NW. Listing reads that 'this is probably one of -- the last remaining large pieces of land -- in Cleveland Park.' Hm, that's interesting. Another one is located on 2425 Tracy Pl. NW. For this one, you get 2 block of street for the price.
In terms of prices, the two properties above hardly beat this one in McLean --636 Chain Bridge Road sits on 2 lots on the market for $13,500,000 -- making it the most expensive property on the market in Washington DC region.
