Amazon CEO Jeff Bezos Just Purchased The Largest Home In Washington D.C.
Buying a home in one part of the country while you live in the other raises an obvious question—who’s going to live in it?
When most people buy a second place for work purposes to save on hotel bills, it’s usually a one-bedroom or a studio apartment. But Amazon founder Jeff Bezos is not most people. He’s just purchased a 27,000 square-foot former Textile Museum for $23 million in Washington D.C.’s swankiest neighborhood. He intends to convert the place to a single-family home.
Although Amazon is based in Seattle, Washington on the West Coast (in a sign that tech types aim to curry favor with branches of the government), Besos’ decision to buy something in DC is hardly surprising. Kalorama may sound side a 1980’s pop group but it is, in fact, an upscale D.C. neighborhood. Obamas, along with the future first daughter Ivanka Trump and her husband Jared Kushner, will also be living there in the next few months.
The property—the largest in D.C. no less—was paid for in cash with a cool million over the asking price by the anonymous buyer listed in public documents as the Cherry Revocable Trust. Jeff Bezos, who lives with his wife McKenzie and their four children in Seattle, currently owns the newspaper, The Washington Post. When he purchased it in 2013, he told Forbes, “I won’t be leading The Washington Post day-to-day.”
If Jeff Bezos doesn’t plan to spend much time in his home, who will? There’s a lot of home to go round. Actually, it comprises two mansions, so there’s a lot of homes—plural—to go round. Sure, Bezos can afford the thousands of dollars to heat an empty home in the winter. And it will undoubtedly have a great security system.
However, nothing deters a break-in like an occupied home. There are surely numerous Amazon D.C. based executives who would be thrilled to live in one or both of the mansions. Bezos’ need to fill properties that will be vacant for most of the time is a growing need in celebrity and wealthy circles. These folks’ properties are often purchased more for investment purposes than places to live. In LA, with much of film industry often on location, certain well connected individuals have made a decent side hustle of living in lavish houses for free.
However, you don’t need to have celebrity connections to live like one. House sitting is a thriving business. Well, sort of—no money actually changes hands. There are several websites, such as TrustedHouseSitters.com, based in Britain, and Australian HouseCarers.com, that allow a freelance band of globe-trotting vagabonds the chance to chase the sun while working on their novels and keeping their living expenses to a minimum.
Not all house-sitting opportunities will land you in a billionaire’s lair. Many may just put you in an average-sized home for a few weeks while the homeowner is on vacation. However, if you happen to see a listing for a spacious historic home in Kalorama, and the owner is listed mysteriously as the Cherry Revocable Trust, you’ll know that you’ve just lucked out.
AGORAFYStefano Boeri, the architect mastermind behind the famous plant-covered skyscrapers, is now designing Forest Cities in Liuzhou, China. #ForestCity #China https://goo.gl/PsTUwv
AGORAFYAuction is the second scheduled in a month for a One57 unit and it could set a NYC foreclosure record. #BillionairesRow #Foreclosures https://goo.gl/NZ3zqD
AGORAFYOnce a couch-surfing website, Airbnb moves on to luxury properties, further disrupting hospitality industry. #Airbnb #Luxury https://goo.gl/7TpLk6