The Capital Park Team Blog - News and Information

How Will Tax Reform Affect the DC Area Real Estate Market?

Early drafts of the Tax Cuts and Jobs Act slashed many of the tax incentives for homeownership. For generations of American families, owning a home has been a cornerstone of economic stability and wealth creation. During the tax bill revision process, the key question the National Association of Realtors lobbyists pushed lawmakers on was, “Do we want a country of renters or a do we want a country where people own their own home?”

Most of the changes to the tax law changes relating to DMV real estate market were either very incremental or left unchanged. The mortgage interest deduction is still allowed, except the new cap is $750K instead of $1 million. Real estate investors still retain investment deductions. The capital gains tax exclusion remains…

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Most Expensive Homes | February 2018

Please note that all MLS listings are in real time. If the link is not working, it's because that property has been sold or is under contract. Don't worry, each month we compile the most expensive DC properties! Check back soon or subscribe to our newsletter for automatic updates. If you have any questions about the listings below contact us.

All Luxury DC Listings

Contact Us With Any Questions About DC's Most Expensive Homes

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The New Cparkre.com

Capital Park Realty is excited to announce a brand new design, new tools and new search features at cparkre.com!

DC Area Neighborhood Search
Not only are you able to search by criteria, you are also able to search by a location on the map! When you are viewing the Interactive Map Search, at the top you will see three blue buttons: Draw Polygon, Draw Radius and Search in Bounds. Looking for property within a 2-mile radius of Rock Creek Park? Find the correct location on the map, click Draw Radius and move your cursor until you’ve created the radius you want. Click on the houses that populate in the radius for listing information. Looking for a property within 4 blocks from Chinatown? Find the correct location on the map, click Draw Polygon and click…

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Foreign Investors Buying in DC

Foreign Investors are Buying in Washington DC

Foreign real estate investors are eyeing the Washington DC real estate market!  In the past year, DC has risen two spots, from number six to number four among U.S. cities for foreign investment. Only New York, Los Angeles, and Seattle came in before our nation’s capital.

South Korean and Chinese institutional investors are fueling much of the interest. The top five property types investors are most interested in listed by members of the Association of Foreign Investors are industrial, multi-family, office, hotel, and retail (in order of importance).

D.C. Developments and Beyond

It’s no secret D.C. has been growing immensely over the past few years. The city as a whole has been working hard…

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News in Petworth

Petworth recently had its holiday window light display along Upshur Street, making for a gorgeous display for area residents.

One of Petworth’s newest restaurants is Himitsu, a self-described Japanese-style eatery with Latin American and Southeast Asian flavors. The restaurant is following a truly modern trend, as they don’t have a phone and rely solely on e-mail for inquiries.

Reformer Pilates, a D.C.-based pilates studio, opened on November 1st in the neighborhood. Their classes at 55 minutes and last seven days per week. The studio is located at 4011 9th St. NW. Classes are not cheap—a single one is $35 while private classes are $95.

Petworth is also currently working on getting a meditation, garden-style park. The triangular plot of land…

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News in Chevy Chase

The Chevy Chase neighborhood has had plenty of news since we last updated you. The Chevy Chase Supermarket at 8531 Connecticut Ave. will close in April 2018 after 60 years of service.

There are plans for another supermarket to go in its place once the area is redeveloped. Bernard Freedman opened the store in 1958.

Barston’s Child’s Play in the neighborhood celebrated Neighborhood Toy Store Day in November. There were special programs like craft making, local entertainers, scavenger hunts, charity drives and more. There were also holiday toy previews, much to the delight of many neighborhood children.

There’s also a complete revamp of the Collection at Chevy Chase. A restaurant called Little Beet Table has signed a lease for its first sit-down…

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Most Expensive Homes | January

Please note that all MLS listings are in real time. If the link is not working, it's because that property has been sold or is under contract. Don't worry, each month we compile the most expensive DC properties! Check back soon or subscribe to our newsletter for automatic updates. If you have any questions about the listings below contact us.

Adams Morgan

We start off in Adams Morgan at 2303 17th St NW. On the market for $1.09 million, this three-bedroom home is three levels with plenty of vintage charm. There’s even a gorgeous, sunny in-laws unit too!

Brightwood

Brightwood’s most expensive home is located at 7227 Georgia Ave NW. This new construction townhome style condo features multi-level residences in a boutique-like…

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Events in DC

We’ve compiled a list of best events going on in the city for the next couple of months. If you need to make some plans with friends or family in town, want to see something new or love to experience DC check them out!

1. Georgetown Glow invites visitors to re-imagine the season of light through outdoor public art. Located in the heart of Georgetown, this is the region's only curated exhibition of outdoor public light and installations.  This event runs from Dec 8-Jan 7, from 5-10pm, so make sure to check it out before it ends!

2. At Wharf Ice Rink visitors can glide over the ice while enjoying amazing views of the Potomac. Open from Dec. 2-late Feb with varying daily times. General admission is $10 and if you need to rent skates it’s…

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Petworth Playground Renovation

The Petworth Playground at 8th and Taylor Streets is set for a $2 million renovation, much to the delight of neighborhood residents. Councilmember Todd was able to secure the money in his fiscal year 2018 budget.

A community meeting has been scheduled to talk more about this process on Thursday, December 7th. The event will be at the Raymond Recreation Center located at 3725 10th St. NW. The Department of Parks and Rec. and Department of General Services will be on hand to get the community ready for the process and to gather input from residents. Neighbors are encouraged to come out and share their vision for the playground.

The Petworth neighborhood is a hot community for real estate these days. There’s a fresh Safeway that opened in 2014 and…

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New Development: Westlight Condos

Address: 1111 24th St NW
Type: Condos
No. of units: 71
Affordable Housing: N/A
Type of Unit: One-, Two-, Three- bedroom
Price: $1.2 M - $4.2 M
Status: In Sales
First Move-in: Sept. 2017
Developer: EastBanc., Inc.

Westlight Condo | West End

The Westlight Condos are located in prime real estate—centered in the West End of the city, near Georgetown, Dupont Circle and Downtown D.C.

The condos are designed by the architect Enrique Norten, with features by artist Ingo Maurer. Their signature is all over the building, from its cantilevered glass building façade to breathtaking sun-drenched views from floor to ceiling windows.

The 71 condos are part of a 10-story building that includes an expansive library and over 7,000 square feet of retail…

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