Nobody has their finger on the pulse of DC Luxury Condo Sales like Life At The Top
June, 2019 DC Penthouse and Luxury Condo Marketing Activity Report
For the latest in the DC Luxury Condo Market, stay informed with our blog every month.
Most Units Sold
There are two buildings in Washington with five sales each in June. 1745N in Dupont Circle is a recently completed boutique development blending three historic row houses with a new structure behind them, resulting in 68 high-end flats and townhouse units. The other building with five sales in June is Union Row in the U Street Corridor. Here, two buildings offer equally sublime but different residences—The Flats offer modern single-level living while The Warehouses harken back to repurposed lofts.
CityCenter in the Mount Vernon Triangle offered up three sales in June. One, Unit #913, is a featured Life at the Top residence that sold for $779,500 which is $5,500 over list! The oversized Foster + Partners one-bedroom flat has 940 square feet of living space, six-inch Northern European floors, giant windows and a beautiful kitchen with Bosch and Miele appliances recessed into Molteni cabinets. The Clara Barton in Penn Quarter, The Floridian in the U Street Corridor and The Odyssey in Arlington’s Rosslyn neighborhood also have three sales each.
Finally, there are six buildings with two sales each. 2101 Connecticut Avenue is one of Kalorama’s grand historic addresses while 555 Mass in the Mount Vernon Triangle offers every amenity from front desk to rooftop pool. Atrium in Arlington is an International-style building within walking distance to the Rosslyn Metro and Key Bridge. Chase Point in Friendship Heights offers gated exclusivity while City Vista in the Mount Vernon Triangle is a luxury mixed use community with an Urban Lifestyle Safeway and a private park! Finally, The Waterview in Rosslyn combines hotel and permanent living and has a very low turnover. Unit #2703 closed in June for $1.2 million at full price after being on the market for just one day! Also notable is the first sale since March of 2018 at Hampden Square in Bethesda. This 2-bedroom, 2.5-bath residence has 1,619 square feet of living space, hardwood floors, crown molding, formal dining room, huge kitchen and a wraparound balcony with multiple entry points. The roomy condo closed for $955,000 and is super close to the Bethesda Metro as well as Bethesda Row and Wisconsin Avenue attractions.
Highest Sales Prices
The top sales price for a Washington DC area condominium in June is Unit #5D at the landmark Wardman Tower in Woodley Park. With a closing price of $3,150,000, this 3-bedroom, 3.5-bath residence has 3,373 square feet of living space, including three bedroom suites, each with en suite bath. The huge Henrybuilt kitchen, a luxurious master marble bath with heated floors and beautifully restored original details such as handsome herringbone hardwoods are just a few of the superb details at this exceptional residence.
Coming in second is Unit #408 at Metropole in Logan Circle. With 3-bedrooms, 3-baths, 1,754 square feet of living space, this ultra-modern penthouse loft with towering two-story window walls and a private roof deck sold for $1,680,000. This listing is also the second-highest price per square foot in June. Coming in a very close third is Unit#524 at Lofts 14 in Logan Circle. With a sales price of $1,650,000, this condo is also one of the highest over-list sales in June at 103.12%. The 3-bedroom, 2.5-bath loft has blonde floors, towering windows and a wraparound private deck.
In fourth place is Unit #68 at 2101 Connecticut in Kalorama. The 4-bedroom, 3-bath cooperative with 3,150 square feet of living space sold for $1,590,000. From the high ceilings to rich architectural details, this super spacious residence is in a grand historic former apartment buildings that subsequently converted to co-ops. In fifth place is #1610 at The Odyssey in Arlington’s Rosslyn neighborhood. With 3-bedrooms, 2.5-baths and 1,950 square feet of living space, this contemporary apartment sold for $1,425,000. Among the features are wide-plank floors in the living areas, an open kitchen, fireplace and family room with wet bar. The sixth-highest sale in the DC area in June belongs to Unit #M202 at the Wooster and Mercer in Rosslyn. The stunning loft sold for $1,339,000 and features two stories of giant factory-style windows, floating iron stairs, exposed ductwork, gorgeous hardwood floors throughout and French doors opening to a private patio.
Highest Sales Price to List Ratio
The building with the highest sales-to-list ration in June is Madrigal Lofts in the Mount Vernon Triangle. Unit #1121 listed for $455,000 but sold for $480,000—a whopping 105.49% of the asking price. With soaring ceilings, exposed ductwork, completely open kitchen and gleaming updated hardwood floors, this cool loft has 1-bedroom, 1-bath plus a den.
Coming in second ia Unit #424 at City Vista in the Mount Vernon Triangle. The 2-bedroom, 2-bath corner unit has 1,150 square feet of living space, floods of light from floor-to-ceiling windows plus a spectacular master bedroom suite. It listed for $749,900 and closed at $776,000 or 103.48%. Third place goes to Unit #506 at the Yale Steam Laundry, another Mount Vernon Triangle building. The bright and spacious flat with hardwood floors and open kitchen, has 1-bedroom, 1-bath and 764 square feet of space. Offered at $488,000, the condo closed at $504,000 or 103.28% of list. The former laundry facility dates back to 1902 and once served the White House.
Unit #524 at Lofts 14 in Logan Circle was priced at $1,599,900 and sold for $1,650,00—103.13% of list. With 1,650 square feet of living space, this awesome loft with its soaring ceilings and overhead ductwork also has the highest price per square foot at an even grand! Unit #605 at Solo Piazza in Logan Circle with 3-beds, 2-baths and 1,260, square feet of space listed for $929,000 and closed at $945,000 (101.72%). The roomy apartment has a wood-burning fireplace, lovely wood floors, a gourmet kitchen and a curved balcony overlooking the inner courtyard with its lush bamboo. Our final entry is #803 at Union Row in the U Street Corridor. The super roomy one bedroom and den combo has 1,045 square feet of living space, modern open kitchen, concrete ceilings, exposed ductwork and a private balcony. Offered at $749,000, the flat closed 10 grand higher at $759,000—101.34% of its list price.
Highest Prices Per Square Foot
The highest price per square foot honors in June goes to Unit #524 at Lofts 14 in Logan Circle. This listings is a true triple-threat with the fourth-highest list-to-sales ratio at 103.12%, the third-highest sales price at $1,650,000 and the highest price per square foot at $1,000! The 3-bedroom, 2.5-bath loft with its blonde floors and soaring ceilings certainly checks off the boxes!
Coming in second is Unit #408 at Metropole in Logan Circle. The second-highest price per square foot is also the second-highest sales price in June! Unit #408 at Metropole in Logan Circle is a 1,754 square-foot penthouse loft with 3-bedrooms, 3-baths, concrete ceilings, wide-plank floors, exposed ductwork, three flights of iron stairs and a private rooftop deck. The sales price of $1,680,000 translates into $957.81 per square foot. Coming in third is Unit #916 at Union Row in the U Street Corridor. The 2-bedroom, 2-bath penthouse loft with 1,229 square of feet of space sold for $1,225,000 or $943.03 per square foot. This super-cool living space has gorgeous wide-plank wood floors throughout, exposed ductwork, floating iron stairs, a completely open modern kitchen and a private roof deck!
Fourth place goes to Unit #1105 at CityCenterDC in the Mount Vernon Triangle. The 1-bedroom, 1-bath flat with 814 square feet of space sold for $767,450 or $942.81 per square foot. Wide-plank floors and views of Downtown from the giant windows! Unit #5D at the iconic Wardman Tower in Woodley Park has the fifth-highest price per square foot at $933.89. But it also has the highest sales price at $3,150,000! Incredible original wood floors, 3-bedrooms, 3.5-baths and 3,373 square feet of space are just a few of the details. Our final entry is Unit #T07 at 2501 M in Georgetown. This very modern flat with its clean minimalism, wide-plank floors, huge windows and 1181 square feet of space—plus a balcony—sold for $1.1 million or $931.41 per square foot.
June Highest Price New Listings
The highest-priced condominium to come to market in DC during the month of June is Unit #PH2E at the Ritz-Carlton West End. This stunning penthouse with its laced ceiling beams and custom wall finishes is priced at $3,995,000. Offering 3-bedrooms, 3.5-baths, a family room, formal dining room, breakfast room, office, sunroom and giant living area, this superb West End residence measures out at over 4,000 square feet of interior space. Add three private terraces and you’ve got the ultimate space for entertaining.
The second-highest new listing is Unit #501 at the legendary Watergate complex in Foggy Bottom. This luxury cooperative boasts incredible panoramic views of the Potomac River, both from giant floor-to-ceiling windows and the wraparound balcony. With 3-bedrooms, 2.5-baths, 2,589 square feet of living space plus amenities galore, the residence is listed at $2,995,000. Coming in third was Unit #2 at The Caroline in Logan Circle. This meticulously restored and renovated duplex is just one of six condominiums in a stretch of three historic row houses. Featuring 3-bedrooms, 2.5-baths, blonde herringbone hardwoods, a very modern kitchen and elegant marble baths, the lovely townhome is listed at $2,395,000.
Fourth place goes to Unit #4E at Sage on Belmont, a new modernist boutique building overlooking Meridian Hill Park in Columbia Heights. The 3-bedroom, 3-bath apartment offers 2,296 square feet of living space and is listed at $2,350,000. Unit #1701 at the brand-new Monarch in Tysons, Virginia, comes in fifth with a price of $2,150,000. The 2-bedroom, 2-bath flat in the modern luxury tower has 2,460 square feet of space, wide-plank hardwoods, a minimalist luxury kitchen, walls of windows and a large private terrace overlooking Fairfax County. The final spot for highest-priced listings goes to Turnberry Tower in the Rosslyn waterfront neighborhood. Unit #PH08 is a penthouse in Arlington’s tallest residential building, priced at $2.1 million and featuring 2-bedrooms, 2-baths and 2,039 square feet, not counting a sweeping balcony that runs the length of the unit. From private elevator to pristine river views, this apartment on the 25th floor has it all.