Lawyerly Lairs, Money, Real Estate

Lawyerly Lairs: What Does $500K Buy You in D.C.?

What kind of apartment can you get in Washington, D.C., if you have half a million dollars to spend? Check out this pad, currently owned by a lawyer and a law student.

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A congressman?

No, silly — we’re talking about real estate, an obsession that I share with many Above the Law readers. There’s a reason why Lawyerly Lairs is one of the most popular, well-trafficked features on this site.

Last month, we visited a few attorneys’ homes in Washington, D.C. This visit to our nation’s capital proved so popular that one of our D.C.-based readers volunteered up her own home for your scrutiny.

Let’s check it out….

Here’s the backstory, from our reader:

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As avid readers of ATL’s Lawyerly Lairs, we were excited to see LL’s D.C. edition, as well as the inclusion of some coverage of how the other half lives. As solid members of the other half club, we — a lawyer [at an Am Law 100 firm] and a law student [at a D.C.-area law school] — have put our lovely but less than luxurious apartment on the market and thought we could benefit from some major ATL exposure if you posted it on the website.

We’re happy to try and help; it is a lovely place. Here’s the listing:

Sophisticated & chic 1BR/1BA w/ sweeping Cathedral views. Open gorgeous Kitchen, renovated Bath, large Balcony, exceptional closets, parking & storage unit too! Pet-friendly Sutton Towers offers turn-key living incldg doorman & pool, located nearby several conveniences and public transportation.

The prose isn’t as lyrical as this listing’s, but the price points are very different. This D.C. condo, with about 1,200 square feet, has an asking price of $497,500, or about $424 per square foot. The Brooklyn mansion we recently profiled is listed for $10 million, or about $1,800 per square foot (for the mansion’s 5,500 square feet).

Why are these legal eagles flying the nest? Our source explained:

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We love it actually — beautiful view, kind of funky open space — so we’re conflicted. But we have friends and family we’d like to host more graciously than on a pull out sofa in the living room. We’re going to rent a two bedroom until I finish law school and we have a better idea of where we’ll end up.

Fair enough. It doesn’t sound like they’re moving due to any latent defect; they just want more space, which is certainly reasonable.

Let’s explore, shall we?

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