The global meltdown has made its way to Embassy Row.

After the collapse of its financial sector, Iceland has put a residence in DC’s Kalorama Heights on the market for $5,650,000.

Home to the ambassador of Iceland since 1965, the Tudor-style mansion was built in 1928 and has ten bedrooms, five baths, a swimming pool, staff quarters, and three fireplaces.

Ólafur Sigurdsson, deputy chief of mission at the Icelandic Embassy, says that although the ambassador, Hjálmar Hannesson, plans to stay in Washington, Iceland won’t look for a new residence until after this house sells. Listing agent Cindi Williams of Coldwell Banker Residential Brokerage says that since hitting the market in January, the house has garnered interest from both individuals and foreign governments.

This article first appeared in the April 2009 issue of The Washingtonian. For more articles from that issue, click here.  

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