ARLINGTON, VA — Real estate brokers are marketing the Broyhill Mansion property in Arlington’s Donaldson Run neighborhood for $10 million, touting the large corner lot as a site that developers could build up to 36 housing units under the county’s new expanded housing option zoning law.
An investment overview produced by Serafin Real Estate, the real estate brokers, describes the property as a “trophy property” that allows by-right development of up to six single-family residences on the 1.43-acre lot, or multifamily construction of up to six 6-plexes.
Zoned R-10 by Arlington County, the property contains two parcels: one parcel of 11,145 square feet and a second of 51,062 square feet.
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In March, the Arlington County Board approved by-right construction of townhouses, duplexes and 4-6 unit buildings on lots across the county previously zoned only for single-family homes, effective July 1. For the first five years of the plan, an annual cap of 58 permits for Missing Middle housing units will be in place.
Even though the new zoning law went into effect on July 1, there will be no pro-rating of the permit cap for 2023. The first calendar year of implementation will end on Dec. 31, 2023, and the cap will then reset on Jan. 1, 2024.
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The 58 Missing Middle permits will be distributed by zoning district each year, with 21 permits total for R-8, R-10 and R-20 lots.
READ ALSO: Demolition Crew Begins Tearing Down Arlington’s Broyhill Mansion
The Broyhill Mansion property, at 2561 N. Vermont Street, was purchased for $2.55 million in January. The new owners, Mustaq Hamza and Amanda Maldonado, originally planned to build a new home for themselves on the lot, according to reports. Contractors were then hired to demolish the house in early April.
Hamza and Maldonado told the Falls Church News-Press in the days leading up to the home’s demolition that their experience in the Donaldson Run neighborhood had been unpleasant due in part to the ongoing debate over the county’s approval of Missing Middle zoning reform.
These experiences with neighbors “led them to question what they say was their original goal of replacing the old home with their own ‘forever house,’” the Falls Church News-Press reported.
Serafin Real Estate, which specializes in investment sales and acquisitions primarily in Loudoun, Fairfax and Prince William counties, says in the investment overview that the Broyhill Mansion property “is perhaps the single largest land offering to come available in Northern Virginia’s most desirable North Arlington (22207), within the last two decades.”
“Overlooking the Washington Golf and Country Club to the west, and Washington National Cathedral to the east, this generational development opportunity sits just three miles from the Georgetown Waterfront,” the investment overview reads.
Since the expanded housing option zoning law went effect on July 1, Arlington has received eight completed applications. All of these projects are in zoning districts with the smallest lots, R-5 and R-6. According to reports, Arlington has received at least seven other EHO applications, in varying degrees of completion.
RELATED: 6-Plexes, Townhomes Among 1st Missing Middle Applications In Arlington
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