Deflategate, Gamergate, Bridgegate. How do we dream up these labels?
Oh right. Watergate. For all its notoriety, the Potomac River co-op that gave rise to an all-purpose scandal suffix is doing OK for itself these days. Two units are on the market for $2 million or more, including this $3 million penthouse with four bedrooms, three bathrooms and a 1,600-square-foot terrace (and a heck of a view!).
Back in the early 1970s, Gordon Liddy reportedly was paid about $332,000 by supporters of President Richard M. Nixon, who wanted the scoop on Democratic foes who had set up shop on a sixth-floor Watergate office. Back then political “intelligence gathering” apparently included criminal acts, and Liddy was convicted of conspiracy and other crimes on this date in 1973.
His opposition-research fee amounts to almost $1.6 million in today’s dollars. Not shabby, but it wouldn’t go far at the Watergate. Co-op fees alone at the Potomac River complex can top $7,000 a month (like for this 4-bedroom, 4.5-bath penthouse).
The money would have gone a lot further back in the early 1970s, when the Watergate was shiny new and a penthouse could be had for $250,000. And Liddy would have fit right in. In 1969, Life magazine declared that more than a dozen Nixon aides lived in the building.
These days, one of the most affordable units at the Watergate is this two-bedroom, two-bath for $540,000. As you might expect, the view isn’t quite as nice.
Looking to buy into this famous building, or anywhere else in D.C.? Get in touch with a Redfin real estate agent in our nation’s capital today.
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