It has been quite a week for the upper stratosphere of the luxury home market in the DC area. Eighteen months after being listed for $20 million — and over a year after a $2 million price jump — the reconstructed former Cafritz mansion has gone under contract. The home is listed with Marc Fleisher of TTR Sotheby’s International Realty.

The eight-bedroom estate was built by Banks Development at 3030 Chain Bridge Road NW, the site of a mansion previously owned by the late DC luminary Peggy Cooper Cafritz. Cafritz’s home, which contained one of the largest known private collections of African American art, was destroyed by a fire in 2009.

(Urban Turf)