The Royal Institution of Chartered Surveyors of London, working together with real estate consultant Ann Gray and International Art Advisors president Barden Prisant, have come together to calculate the cash value of the White House.
They concluded that the 55,000 square-foot presidential home – which sits on 18 acres in the heart of Washington, D.C. – would sell for $90 million by itself, based on an average of its estimated building cost, comparable properties, and potential income as a hotel. Add all the furnishings and artifacts inside, and the price tag jumps by $160 million, to a total of $250 million.
Some Realtors, such as Carla Ameer, disagree with this figure, saying it’s too low for a building this well-known. She points to the recent sale of the Playboy Mansion for $100 million as a counterexample.