Hands down the best bang for your buck, lip-smacking steak-house experience in DC area has to be Ray's the Steaks. Located just a block from the Courthouse Metro in Arlington, this no-nonsense, cure for the common over-priced steaks, offers affordable prime cuts, cooked to perfection. Their specialty steaks start at $18 for a juicy 14 oz New York Strip (my favorite) to a $34 8 oz filet topped with seared fioa gras, and everything in between. Each order comes with creamed spinach and sauteed mushrooms (delicious!).
Better yet has to be the wine selection. A bottle of 08 Castle Rock Pinot Noir, for example, will run you $26. A far cry from the $40-something listing for the same label at other establishments.
Dinner for 2. Appetizer, 2 entrees, bottle of wine, will run you as little as $65. An unbelievable value for what I consider to be 4.5 out of 5 star steaks.