Southwest Waterfront Homes For Sale in Washington DC
One of the oldest neighborhoods in the District of Columbia, Southwest Waterfront runs along the Washington Channel, from the historic Maine Avenue Fish Market to Fort McNair, established in 1791. Part of the original DC planning, Southwest Waterfront is home to four Wheat Row townhouses built in 1794. While many of the neighborhood's historic buildings are no longer standing, Wheat Row is now a featured element of the Harbor Square development.
After the Civil War, the Southwest Waterfront became a mixture of commerce, upper class homes and a shantytown for working class groups. By the 1950's, city planners and Congress, decided on a path of urban renewal that resulted in the razing of many of the neighborhood's businesses and residences, including numerous historic buildings. The result was a markedly modern landscape for the time but by as the waterfront area began gentrifying in the early 2000's, planners again sought to move with the times, selecting developers PN Hoffman and Madison Marquette to spearhead a massive $1.5 billion renewal project. To learn more about Southwest Waterfront homes for sale in Washington DC, call District Partners at Compass at (202) 798-3600.
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The current development plan is entitled The Wharf, and envisions a cleaned-up river, cafes, entertainment and a cross-section of residential offerings ranging from mixed-income to upscale. Currently, homes for sale in the Southwest Waterfront are dominated by high-rise condominiums built during the last renewal phase, from the 1950's through the early 1960's. There are also a few townhouses built more recently. The prices are more moderate than some of the other gentrified parts of the city, with studio and one-bedroom units starting at around $150,000. According to Zillow, the current home value index is $292,100.
While the Southwest Waterfront has been a neighborhood in transition over the years, some things haven't changed. The Maine Avenue Fish Market is the oldest continuing fish market in the nation, having opened in 1805. In the 1960's, city planners wanted to rebuild the market but vendors exercised a lease clause allowing them to stay. Hoffman-Madison is planning to preserve and renovate the fish market and once again, vendors and longtime locals are worried. Regardless, progress is on the march and the end result promises to be revitalized neighborhood with new businesses and an increased residential presence.
The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX.Properties listed with brokerage firms other than Compass are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers.The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified.All listing information copyright MRIS 2018.
Listing information last updated on October 16th, 2018 at 1:54pm EDT.