White House could list for $110 million, Washington, D.C.-area realtor estimates
For the record, the mansion that has housed U.S. presidents and their families since 1800 is not for sale
Forget sleeping in the Lincoln Bedroom. Imagine owning the whole White House instead.Though the mansion that has housed U.S. presidents and their families since 1800 is not for sale, a Washington, D.C.-area realtor estimates the 55,000-square-foot home at 1600 Pennsylvania Avenue, N.W. might list for about $110 million on the open market.
"This would be an extreme luxury home," Jason Koitz, a strategist with The Koitz Group, told real estate website Movoto. "It would probably be $100 or $115 (million)."
Koitz said the White House would sell for between $75 million and $80 million, or between $1,364 and $1,455 a square foot.
By comparison, a luxury Manhattan apartment sold this year for $88 million, or $13,049 per square foot, a record price, according to The Corcoran Report.
Koitz said his estimate reflects comparable sales in the Washington area, where the most expensive home, a 21,000-square-foot mansion in McLean, Va., has an estimated value of $45.5 million.
The six-level White House house has 132 rooms, 35 baths, 28 fireplaces and three elevators. Amenities include a basketball court, tennis court, movie theater, bowling alley, swimming pool and jogging track.
The house has been renovated nine times in its 212-year history, which includes President Harry S. Truman's overseeing a complete reconstruction of the building between 1948 and 1952.
Koitz said the White House could sell for as much as a billion dollars, after factoring in the dwelling's historical value.
The process "to see what it could potentially fetch, would be astounding," he added