Homeownership rates have been steadily declining since the housing market collapse in the late aughts, but since then the number of rental households has increased annually with the strongest period of growth since the ‘80s. Renting is en vogue, and we can definitely see the appeal, especially for those looking for a second residence or vacation home. It’s just a matter of finding the right one—like the $27,500-a-month Foxhall Road house, a five-level mansion that’s been named one of the most expensive rental properties in the nation.
With eight bedrooms, seven bathrooms, four half baths and two kitchens, this property feels less like a traditional rental and more like your own palatial palace. Sitting on 866 acres, this home boasts the best of amenities including a butler pantry, gourmet kitchen, a pool and sauna, and media room. Built in 2013, it was specifically designed to accommodate an embassy residence and can meet the most demanding of entertainment needs. Managed by Neighborhood Choice Realty, the home is located north of Georgetown near the downtown area and offers easy access to the best DC has to offer. This home won’t be available until September 1, but that gives you just enough time to call some movers and hire a decorator.