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Dupont’s Patterson Mansion Sells for $20 Million
Developer SB-Urban will turn the historic home into luxury micro-unit rentals.
The sale of Dupont Circle’s Patterson Mansion may not have been the quickest deal in Washington real estate—the historic home has been sitting on the market since the spring of 2013—but on Monday the property finally closed at $20 million. That is $6 million under list price, but still makes it Washington’s priciest residential sale since 2011, according to TTR Sotheby’s, who brokered the transaction.
Bethesda-based developer SB-Urban bought the 37,000-square-foot residence. In February, the developer submitted plans to convert the mansion into 90 350-square-foot luxury micro-units, combining the original marble and brick four-story building with a new, seven-story addition.
The property boasts a storied history—originally built in 1901 for Chicago Tribune editor Robert Patterson and his family, in 1927 the mansion was briefly the temporary home to President Calvin Coolidge while the White House underwent renovations. The Washington Club has owned the property since 1951, and it’s been listed on the National Register of Historic Places since 1972.