Palisades Real Estate, Washington DC
The Palisades in Washington, DC is an affluent residential neighborhood that used to fly somewhat under the radar. Those days are gone—it’s now one of the District’s most sought-after real estate marketplaces. The locals don’t seem particularly worried though. As long as commercial developers don’t find a way to start throwing up new high-rise buildings, everything will be just fine.
The community runs north from Georgetown along the Potomac River, ending at the Potomac Heights neighborhood near the Maryland border. This was once rural farmland and the site of George Washington’s Powtawmack Company Canal. By the late 1800s the village had transitioned to a summer resort, featuring the International Athletic Park and Amusement Company, which included bicycle racing of all things. In June 1909, the Potomac Heights Land Company bought the park and started building homes for sale. For more information about Palisades real estate or other real estate in Washington DC, contact District Partners at Compass today at (202) 798-3600!
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Palisades (Washington DC) Neighborhood Information
Despite its reputation for large, expensive properties, there are a sizeable number of condos for sale in The Palisades as well, ranging from apartment-style flats in mid-size 1960s era buildings to Colonial-style brick townhouses that are similar to what you’ll find in Georgetown. Prices start around $250,000 for small units and climb into the seven-figure range for luxury townhomes.
More About the Palisades Real Estate Market - Washington DC
It’s the detached single-family homes for sale that get the most attention on the Palisades real estate market, however, with a range of styles from original Sears Roebuck “Craftsman” bungalows to Capes, Victorians, Colonials and even some interesting Contemporary homes designed by noted DC architects. Prices for detached houses usually start around a million dollars. On the downside, the inventory is pretty low right now.
There’s a low-key commercial corridor along MacArthur Boulevard with a Safeway, a CVS, some small businesses and popular restaurants like Makoto and BlackSalt Fish Market & Restaurant. Locals also enjoy a year-round farmers market on Sundays. As for schools, the highly-rated Francis Scott Key Elementary has served the neighborhood since 1928. The Palisades is a tightknit community with lovely homes and condos for sale—plus it’s right on the Potomac River.