Georgetown Real Estate Overview
Georgetown is a neighborhood and Historic District in the Northwest quadrant of Washington DC. It’s generally outlined north by Reservoir Rd. NW and Dumbarton Oaks and Montrose Parks, east by Rock Creek Park, south by the Potomac River, and west by 35th St. NW and Glover-Archbold Parkway. Recorded history of this land dates back to the 17th century, but Georgetown officially established in 1751 when the Province of Maryland acquired 60 acres of land from George Gordon and George Beall. Named after the reigning British monarch, George II, the town soon thrived as a commercial port along the Potomac River. The town incorporated in 1789, two years before the Federal City, and continued to prosper throughout most of the 19th century. After the Civil War, many freed slaves settled and developed African American culture in Georgetown. Congress transferred the region’s governmental control to the District of Columbia in 1871. Economic decline took hold of this waterfront community towards the end of the 19th century due to repetitive flood damage, and reached its nadir post World War I to the Great Depression. Public works projects began to rejuvenate the area in the 1930s, reaching an apex when John F. Kennedy took residence in the 1950s.
Today there are a myriad of places to explore in this renowned neighborhood. M St. NW and Wisconsin Ave. has a diversity of retailers, restaurants, and nightlife options. With energy-filled excitement, crowds from near and far gather to shop at upscale locally owned boutiques and national chains. The redeveloped waterfront, including Capital Crescent Trail, is a charming place to absorb the outdoors. The City Tavern Club (1796) is the oldest commercial building and the Old Stone House (1765) the oldest original structure in the District. Healy Hall, a Flemish Romanesque styled treasure on Georgetown University’s campus has been a National Historic Landmark since 1987. The Federal-style Forrest-Marbury House, now the Ukrainian Embassy, is where George Washington brokered land deals to create the District of Columbia. These are just some of the many examples, but rest assured, there is plenty to see and do in this vibrant and historically rich area. Unfortunately there are no Metro stops in Georgetown, and the closest stations are Foggy Bottom and Dupont Circle. However, the area is well covered by Circulator and Metrobus stops.
Residential buying options from condos to mansions can be found here, but with some of the highest housing prices in Washington. Many row-houses from the late 19th and early 20th century, ranging in styles from Federal and Queen Anne to Colonial and Renaissance Revival, still stand today having been well maintained or restored. Renters have plenty to choose from, but again, finding reasonably-priced accommodation may present a challenge.
When looking to buy in this historically significant neighborhood, please call one of our Exclusive Buyer’s Agents for assistance. With additional training, we have earned the Accredited Buyer’s Representative (ABR) designation. Our Buyer’s Agents work with integrity and professionalism to ensure absolute trust with our clientele. Our ABR agents fluently speak multiple languages and thoroughly enjoy helping international and domestic clients from all walks of life. We have first-hand experience with dignitaries, providing discreet and quality service. Our Agents have accumulated extensive local knowledge and wisdom from living in the community for many years. Please call us anytime to explore home buying options in Georgetown or anywhere in Washington DC.