Updated Aug 18, 2026
Chris Hughes Sells Historic Kalorama Mansion In Washington DC For $8.59M With Coldwell Banker Rep
1823 Phelps Place Northwest
$8,590,000
$976/SF
Building Size
8,800 SF
Asset Type
Single Family
Closing
Aug 17, 2026
About this deal
AI
A single-family property located at 1823 Phelps Place Northwest in Washington, DC, was sold for $8,590,000. This asset encompasses 8,800 square feet, translating to a price per square foot of $976.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $8,590,000
- Sale Date: 08/17/2026
- Seller: Chris Hughes & Sean Eldridge
- Brokers: Marin Hagen & Sylvia Bergstrom - Coldwell Banker; Michael Rankin - Sotheby's International Realty
Facebook cofounder Chris Hughes, along with Sean Eldridge, concluded a five-year ownership of the property with this transaction. The sale marks an $840,000 gain over the purchase price from 2021.
Players
Washington Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $976 per square foot on a published $8.6M for 8,800 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.85%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93