REAL ESTATE
Historic estate listed for $49 million

BY CHRISTINA S.N. LEWIS
The Wall Street Journal
A Washington estate, built when the capital was just a few years old, has gone on the market for $49 million, the city's most expensive listing.
On a hill in Georgetown with views of the Washington Monument, the 12,000-square-foot Georgian-style mansion, on 3.58 acres, is called Evermay. In 1801, businessman Samuel Davidson commissioned the brick manor house as the seat of a 13-acre estate, and its original architecture has been preserved.
In 1923, diplomat Lammot Belin bought the mansion, landscaped the grounds, restored many original details and added two wings, which contain staff areas and a ballroom with Palladian windows. Belin's grandson is selling the house, which has eight bedrooms, six full baths and five half baths.
There's also a gatekeeper's house and a circa-1945 three-room staff house. The grounds include terraced gardens with six fountains and parking for 100 cars. The property is priced far above the city's current record sale: a house on 1.6 acres, also in Georgetown, that sold for roughly $25 million last year. Susie Maguire and Jeanne Livingston, of Long & Foster Real Estate, have the listing in association with Christie's Great Estates.
FOR SALE: MUSEUM OF
MODERN ART EXHIBITS
Exhibits don't usually go on sale after museum shows, but at least two of the prefabricated houses on display at New York's Museum of Modern Art are available for purchase. The buyer will have to pay for delivery.
MoMA commissioned five full-size homes for Home Delivery: Fabricating the Modern Dwelling, a survey of prefab housing that aims to show how computer modeling and environmental concerns have improved prefabricated design.
The Philadelphia architecture firm KieranTimberlake is seeking a minimum of $1.75 million for the Cellophane House, a four-story, two-bedroom aluminum and polycarbonate home with two walls of solar panels for the 1,800-square-foot structure. Buyers would need to finish the kitchen and add plumbing, says partner James Timberlake.
Also, architects Jeremy Edmiston and Douglas Gauthier have listed their 1,000-square-foot Burst house for $475,000 with Stribling's Cyrilla Layland. The raised plywood house has a 600-square-foot porch and a glass wall.
WARHOL'S OLD PLACE
TAKEN OFF MARKET
Former Viacom Chief Executive Tom Freston has taken his townhouse on Manhattan's Upper East Side off the market.
Freston listed the home for $38.5 million in the spring and reduced the price to $35 million last week, according to the online listing-aggregation service StreetEasy. In response to a query about the price cut, Freston's assistant said the home was no longer available for sale. One of Freston's former listing agents, Deborah Grubman, of Corcoran Group, didn't return calls seeking comment.
Andy Warhol paid $310,000 for the 6 ½-story, four-bedroom home in 1974 and lived there until his death in 1987, records show. Freston bought the home in 2000 and renovated extensively, according to the listing.
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