Nobody has their finger on the pulse of DC Luxury Condo Sales like Life At The Top
April, 2019 DC Penthouse and Luxury Condo Marketing Activity Report
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Most Units Sold
Turnberry Tower in Arlington’s popular Rosslyn neighborhood is the tallest residential building in all of Washington Metro. Perched by the Potomac River, this full-service condominium had five closings in April including #PH2102, a custom penthouse that listed for $3.1 million and settled for $2,950,000.
Also boasting five closings was Madrigal Lofts in DC’s trendy Mount Vernon, a contemporary building featuring industrial finishes and bedroom lofts.
City Vista, another building that has figured heavily into Mount Vernon’s redevelopment craze, had four sales in April.
There were five buildings that had three sales each: Wooster and Mercer Lofts in Arlington’s Rosslyn neighborhood, The Odyssey in Arlington, Clara Barton in Penn Quarter, Solo Piazza in Logan Circle and Sonata in Mount Vernon.
Finally, there were four buildings with two sales each: 1745 N in Dupont Circle, Atrium in Arlington, The Columbia in the West End and Gallery Place in Chinatown. Also worth noting: The Carthage in Kalorama with its landmark history and distinctive Beaux Arts curvilinear shape, had its first closing since November 28, 2017. Unit #1D with 1-bedroom and 1-bath sold for $470,000.
Highest Sales Prices
The highest condo sales price in April was Unit #61 at the majestic 2101 Connecticut Avenue in Kalorama. The impeccably renovated 4-bedroom, 3-bath apartment with 3,200 square feet of living space was listed at $3.2 million and sold the same day for a cool $3 million. The cooperative is one of DC’s true Grand Dames, with a stunning lobby straight out of the gilded age.
Coming in a very close second was Unit #PH2102, a life-of-luxury penthouse at Turnberry Tower by the Potomac River in Rosslyn. Listed for $3,100,000, the 3,045 square foot apartment with 3-bedrooms, 3.5 baths, private elevator and both marble and hardwood floors, ultimately closed at $2,950,000. Unit #8E at the very modern 22 West in DC’s West End listed for $2,565,000 and closed for $2,405,000. The 3-bedroom, 3-bath flat boasts hardwoods, open white-on-white kitchen, stunning bathrooms and a balcony.
Fourth place goes to Unit #508 at 1745 N in Dupont Circle with 2-bedrooms, 3.5-baths, exposed brick wall, pale hardwoods, fireplace and a very modern kitchen. After listing for $2,400,000 in March, the unit sold for full price in April. Next on the list is Unit #1203 at Somerset House in Friendship Heights. The spacious 2-bedroom, 2.5-bath penthouse with a hexagonal floorplan and 3,021 square feet of living space features a mammoth living room, formal dining room, study, cove ceilings and a wraparound balcony. The apartment listed for $2,195,000 and sold for $2,125,000.
The final entry is Unit #401 at the very hip Lofts at Adams Morgan. The 2-bedroom, 3-bath loft is the height of industrial chic with 3,300 square feet of space, exposed white pipes, ductwork and girders, hardwood floors, soaring ceilings, catwalk and a private roof deck. The unit listed for $1,899,999 and closed at $1,850,000.
Highest Sales Price to List Ratio
The building with the highest list-to-sales ratio in April was Solo Piazza in Logan Circle where Unit #203 with giant windows and an oversized balcony listed for $484,500 and sold for $518,000—106.91% over asking! The condo was on the market for just four days before it was snapped up.
At Atrium in Arlington, Unit #1205 with 1-bedroom and 1-bath listed for $389,000 and sold for $408,005: 104.89% of its list price. Unit #610 at Ten Ten Mass in Mount Vernon with 2-bedrooms, 2-baths, wide-plank hardwoods and a contemporary kitchen was listed for $899,000 and closed at $940,000: a very sturdy 104.56% over the original price.
Unit #214 at Madrigal Lofts in Arlington with exposed ductwork and steps up to a loft bedroom, was priced at $455,000 and sold for $465,000: a clean 10K or 102.20% over. Unit #404 at The Beauregard in the U Street Corridor has 2-beds, 2.5-baths, soaring ceilings and beautiful hardwoods. It listed for $964,900, went under contract three days later and closed at $985,000 (102.08%).
Unit #M408 at Wooster and Mercer in Arlington came to market in April for $1,450,000 and closed a day later at $1,480,000. That’s $30,000 or 103.07% over list for 3-bedroom, 3-bath loft with floating iron stairs and two-story windows.
Highest Prices Per Square Foot
Unit #8E at 22 West in the West End topped the highest price per square foot charts in April. The 2,232 square foot modern residence with 3-bedrooms and 3-baths, gleaming hardwoods and a minimalist gourmet kitchen closed for $2,405,000 or $1,077.51 per square foot.
Placing second was Unit #508 at 1745 N in Dupont Circle with an open space layout, exposed brick, pale hardwoods and white-on-white luxury baths. The condo closed for full price at $2,400,000, translating to $1,039.41 per square foot. In third place was Unit #1811 at Turnberry Tower in Arlington’s Rosslyn neighborhood. The 3-bath, 2.5-bath residence with 2,280 square feet of living space and a giant balcony with Potomac River views, sold for $2,275,000 or $997.81 per square foot.
Next is Unit #502 at the fabulous new VIO at The Wharf—DC’s emerging live, work and play experience at the Southwest Waterfront. The 1-bedroom, 1-bath condo with hardwood floors, giant floor-to-ceiling windows and balcony overlooking the Washington Channel sold for $715,000 or $993.06 per square foot.
Unit #61 at 2101 Connecticut Avenue in Kalorama with 4-bedrooms and 3,200 square feet of living space sold for $3 million ($937.50 per square foot). The final entry is Unit #903 at the Residences at CityCenter in Mount Vernon. With 2-bedrooms, 2-baths and 1,083 square feet of living space, the contemporary flat sold for $975,000 or $900.28 per square foot.
April Highest Price New Listings
The priciest condo to come to market in April was PH#3 at Wardman Tower: part of a relaunched series of penthouse listings at the legendary building in Woodley Park. Available at a whopping $8,095,000, this 4,532 square foot duplex was built in 1928 and extensively renovated, featuring 3-bedrooms, 3.5-baths, hardwood flooring with beautiful inlay, tray ceilings, a den, library, multiple fireplaces and a delightful private roof desk.
Coming in second is Unit #2W at the 1055 High boutique in Georgetown. With 3,446 square feet of space, 3-bedrooms and 3.5-baths, this modern flat overlooking the canal is listed at $4,950,000 and has a strikingly contemporary kitchen that could easily be mistaken for a trendy café. Bonus points for the see-through fire feature!
Next is Unit #71 at 2029 Connecticut in Kalorama. The 5-bedroom, 4-bath penthouse in this 1917 classic has a remarkable 5,400 square feet of living space and has been reduced $600K, down to $4.9 million. This timeless classic with its grand fireplaces and two-bedroom master suite combines the best of old and new.
Our fourth place finisher has already closed! Unit #61 at the grand old 2101 Connecticut Avenue in Kalorama has 4-bedrooms, 3-baths and 3,200 square feet of living space. It listed at $3.2 million and sold immediately for a cool $3 million.
In fifth place is Unit #1902 at Turnberry Tower in Arlington’s Rosslyn waterfront. The 3-bedroom, 3.5-bath penthouse-level condo has 3,045 square feet of interior space, private elevator, floor-to-ceiling windows, gourmet kitchen and a private balcony with panoramic views. The asking price is $2,998,000.
Closing out April’s high-price list is Unit #101/102 at the perennially popular Watergate in Foggy Bottom. This rare and extremely large duplex has 5-bedrooms, 5-full and 2-half baths, a second “entertaining” kitchen, 4,505 square feet of interior space plus a mammoth 1,100 square foot garden terrace with convenient access to the swimming pool. It’s listed at $2,965,000.