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$60,000,000

Beds
8
Baths
12.0
sq ft
16,000

7979 East Boulevard Dr, Alexandria, VA 22308

7979 East Boulevard Dr

ALEXANDRIA, VA 22308

  • 143 days on market
Described by many as the most beautiful estate in the close-in DC region, River View Estate is Sited on 16.5 acres of George Washington's original Mount Vernon estate; the largest privately-owned parcel of Mount Vernon remaining. A visit to River View reminds us of why Washington boldly proclaimed, "I had rather be on my farm than emperor of the world." This one-of-a-kind property, and it's sublime aspect, uniquely had the power to calm the mind of America's founding father. It is likely that President Washington would approve of this 21st century version of River View. Enter the estate via an impressive long stone-lined driveway and approach the newly built American Federal style residence masterfully designed with river views and natural light through out. Terraces with water views are accessed by nearly every room in the house and invite quiet moments for fresh air, contemplation, private dinners or birdwatching. Equally perfect for hosting hundreds of guests for special events. Designed by architect Jim Rill and constructed by West Wing Builders, special amenities include a large home gym with radius windows overlooking the Potomac, with adjacent spa area that includes an indoor resistance pool, spa, steam room and infrared sauna. The gaming room has a full bar, pool table, 2 TV's, hand crafted stone walls and radius doors with views of the river. The 15 seat movie theater has recently been upgraded with the best audio visual equipment available. The large wood paneled reception room leads to a circular room with exceptional views of both the river and the gardens. New additions include a commercial chefs kitchen along with the existing family kitchen. The estate includes 400 feet of water frontage, a 3 bedroom 3 bath 2,600 square foot guest house, a fully reconstituted carriage house with 4 car spaces and a studio apartment, a waterfront dock and a reproduction of english colonial boxwood garden (inspired by old blueprints found on the property). Existing tree groves have been improved to create your own private and lovely wooded areas. The entire property is fully integrated with forward-thinking technology that integrates every aspect of the estate. Eco-sustainability has been considered in every aspect: Geothermal heating, extensive state-of-the-art well water management, 150 KW full-property back-up generators, security systems, utilities, information, entertainment systems are all controlled by a central bank of computers. Superior geotechnical stabilization was completed along the shoreline and under the house foundation location. 140 auger cast piles were installed along the water edged of the property to prevent future erosion. 15 caissons, each 42" wide and dug 40 feet deep, were installed under the main house foundation; extraordinary infrastructure by anyone's standards. This significant waterfront property is located just 10 miles from the Nation's Capitol via the tree-lined George Washington Memorial Parkway, and is easily accessible to the regions three airports that service both private and commercial aviation. It offers an unrivaled natural sanctuary, yet is just minutes from the dining, cultural and educational offerings of Old Town Alexandria, Northern Virginia and Washington D.C. Note: Listing includes 3 parcels(16.5 acres) : Lot A, Tax ID 1022 01 0022E, Lot B, Tax ID 1022 01 0022F, Lot C, Tax ID 1022 01 0022G. Please see all 3 parcels for total taxes and assessed values.

Details

Property type

Single Family Residence

Lot size

16.5 acres

Price per sq ft

$3,750

Year built

2018

Annual property taxes

$436,185

HOA

No

Price History

06/24/2024
Bright

Bright #VAFX2187472

Listed
$60,000,000
+25%
10/29/2021
BrightMLS

BrightMLS #VAFX1159678

Sold
$48,000,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

FAIRFAX COUNTY PUBLIC SCHOOLS

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$30,243,356
Asking price
$60,000,000
Closing costs (~8% of asking)
-$4,800,000
Est. remaining loan balance
-$24,956,644
Cash to seller
$30,243,356

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

December 2021

Original loan amount

$30,000,000

Est. remaining balance

$24,956,644

Interest rate

2.33%

Loan type

New Conventional, 15 year

Seller

River View 7979 Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/14/2024 at 10:40 AM

Listing updated: 08/14/2024 at 6:04 AM

Listed by: Heather C Corey, TTR Sotheby's International Realty Phone #: (703) 310-6800

MLS: Bright #VAFX2187472

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