No, it isn’t for sale. (Well, you might think it is, depending on your political leanings…) Officially, however, it isn’t listed on the market. But what would the market price be if it was a traditional listing? A recent appraisal of The White House — as a prime property, not the seat of world power — set its price at $1.5 billion (with a B).
The Wall Street Journal recently turned to D.C. appraiser Dennis Duffy to put a price tag on three current and former presidential properties: The White House; Mount Vernon, George Washington’s home; and Monticello, Thomas Jefferson’s home. Duffy considered the cost to rebuild, value of outbuildings, infrastructure, and land that could be sold.
White House: 100,000 sq. ft., 13 bedrooms, 35 bathrooms, and 18 acres of prime downtown real estate — $1.5 billion