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October, 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 were seven luxury buildings in Washington Metro with two sales each in October. 2501 M in DC’s West End neighborhood is a dramatically re-imagined 1980s office and residential structure that has been reborn with highly modern flair. Unit #512 with 2-bedrooms, 2.5-baths and 1,340 square feet of living space listed for $1,698,000 and sold for $1,660,000. The residence features Italian wood floors, massive floor-to-ceiling windows and a Euro-style kitchen with panelized Bosch and Thermador appliances.
Unit #701 is the second October closing at 2501 M. The 2-bedroom, 2.5-bath flat listed at $1,099,000 and sold for $1,019,000. 555 Mass in Mount Vernon Triangle had two sales in October. The downtown high-rise was delivered in 2006 and is chock-full of upscale amenities. Chase Point in Friendship Heights/Chevy Chase had two sales in October—Units #410 and #307—each listing for $1,350,000 and each selling at full price for $1,350,000. Ten Ten Mass in Mount Vernon Triangle with one of the best roof decks in the city also had two sales.
Other buildings with two sales each include the Artisan in Penn Quarter, The Whitman in Mount Vernon Triangle, Union Row in the U Street Corridor, the historic Yale Steam Laundry in Mount Vernon Triangle and Turnberry Tower in Rosslyn. Sales at Turnberry Tower included Unit #PH08, a 25th floor penthouse with private elevator that listed for $2.1 million and closed for $2 million, making it the second-highest sale of the month.
There were four buildings with one sale each of note. 22 West in the West End is a highly modernistic building with jutting angles and giant window walls. Unit #9J is a two-level penthouse with 2-bedrooms, 2-baths and 1,650 square feet of living space that listed for $2,080,000 and sold for full price at $2,080,000, making it the highest condo sales price in DC in October. 525 Water Street in Georgetown, Atrium in Arlington and Logan Mansions in Logan Circle also had one sale each. Notably, Unit #4A at Logan Mansions was the building’s first sale since January 31, 2018. The beautiful 3-bedroom, 2.5-bath townhouse penthouse has 1,898 square feet of living space, hardwood floors, a modern open kitchen and soaring ceilings. It listed and closed for $1,400,000.
Highest Sales Prices
The top condominium sales price in the Washington, DC area in October is Unit #9J at 22 West in the West End neighborhood. This very modern duplex penthouse has 2-bedrooms, 2-baths and 1,650 square feet of living space. Priced at $2,080,000 as a private offering, the elegant residence with its walls of windows wound up selling for full price. Running a very close second is Unit #PH08 at Turnberry Tower in the Rosslyn waterfront neighborhood. The 25th floor penthouse, located in the tallest residential building in Washington Metro, listed for $2.1 million and closed for an even $2 million. Among the many features are a private elevator, extra-wide plank hardwood floors, 11-foot ceilings and a private wraparound balcony offering unrestricted Potomac River views.
In third place is Unit #512 at 2501 M in the West End neighborhood. The 2-bedroom, 2.5-bath modern flat with its walls of windows and Italian wood floors has 1,340 square feet of space and a streamlined European-style kitchen with recessed Bosch and Thermador appliances. After listing for $1,698,000, the condo sold for $1,660,000. Unit #45 at the strikingly modern Westlight in DC’s West End takes fourth place in the month’s highest sales. With 2-bedrooms, 2-baths and a spacious 1,542 square foot floor plan, the white-on-white apartment with its sleek panelized kitchen listed for $1,595,000 and sold for full price.
Unit #315 at the Warehouses at Union Row in the trendy U Street Corridor was the fifth highest sales price in October as well as the highest list-to-sales ratio. The 3-bedroom, 3-bath loft with its soaring ceilings and private deck listed at $1,389,000 and sold for $1,560,000—a whopping $171,000 over asking. Unit #128 at Gaslight Square in Rosslyn was priced at $1,625,000 and closed for $1,537,500. The 2-bedroom, 2.5-bath loft has 1,882 square feet of living space, gleaming hardwood floors, and open chef’s kitchen, outrageously high ceilings and floating spiral iron stairs—as well as an elevator—leading to loft level bedrooms and a private rooftop deck.
Highest Sales Price to List Ratio
The highest sales-to-list ratio in October by far was Unit #315 at the Warehouses at Union Row in the U Street Corridor. The contemporary industrial-style loft has 3 bedrooms, 3-full baths, 2,046 square feet of living space, soaring ceilings, floating iron stairs, imported oak floors, exposed ductwork and a fantastic private deck. After listing for $1,389,000, the spacious residence sold for $1,560,000. That’s $171,000 over asking or a stunning 112.31%! The second-highest sales-to-list ratio belongs to Unit #905 at 555 Mass in DC’s downtown Mount Vernon Triangle. The cute 1-bedroom, 1-bath flat with 658 square feet of space listed for $469,000 and got snapped up at $480,000 or 102.15% of asking.
Coming in a very close third was Unit #412 at City Vista in Washington’s Mount Vernon neighborhood. The 1-bedroom, 1-bath apartment with 800 square feet of space, a den and a nice open layout. After listing for $499,900, the flat closed at $510,000, a 102.02% markup. Next on the list is Unit #328 at the Columbia Residences in the West End neighborhood. The 1-bedroom, 1-bath plus den with 900 square feet of space boasts blonde hardwood floors, matching blonde kitchen cabinets and sliding doors leading to the master suite. Priced at $695,000, the unit closed for $704,000: $9,000 over asking or 101.29%.
Unit #1001 at The Whitman in Mount Vernon has 1-bedroom, 1-bath and a 726 square foot open floorplan. Listed at $495,000, this snazzy apartment sold for an even $500,000 or 101.01% of asking. Our final entry is Unit #1001 at The Odyssey in Arlington’s Rosslyn neighborhood. The spacious 2-bedroom, 2-bath apartment with 1,415 square feet of space, an open remodeled kitchen with stainless steel appliances and granite counters, a very modern fireplace design and a balcony. Listed at $975,000, the residence closed at $979,000 or 100.41%.
Highest Prices Per Square Foot
The highest price per square foot honors in October also happens to be the highest overall sales price. Unit #9J at 22 West in the West End neighborhood is a very stylish duplex penthouse with 2-bedrooms, 2-baths and 1,650 square feet of space. The contemporary residence sold as a private listing at its full price of $2,080,000, translating into a robust $1,260.61 per square foot. The second highest price per square foot is also the third highest sales price in October. Unit #512 at 2501 M in the West End with 2-bedrooms, 2.5-baths and 1,340 square feet of space sold for $1,660,000 translating to $1,238.81 per square foot.
Unit #45 at the Westlight in the West End with 2-bedrooms, 2-baths and 1,542 square feet of living space was the third-highest price in this category at $1,034.37 per square foot. The modern apartment with its walls of windows and European-style kitchen was also the month’s third highest sale at $1,595,000. In fourth place is Unit #PH08 at Turnberry Tower in Arlington’s Rosslyn neighborhood. The 25th floor penthouse with stunning views of the Potomac River and 2,039 square feet of space sold for $2 million, translating into $980.87 per square foot. The $2 million sales price was the second highest of the month.
Unit #405 at Metropole in Logan Circle with 1-bedroom, 1.5-baths and 665 square feet sold for $575,000 or $864.66 per square foot. The loft features an open kitchen set into a single wall, floating spiral stairs and private balconies at each level. Closing out the list is Unit #502 at Q14 in Logan Circle. With 2-bedrooms, 2.5-baths and 1,066 square feet of space, the stylish flat with its blonde floors and private balcony sold for $900,000, or $844.28 per square foot.
September, 2019 Highest Price New Listings
Washington Metro’s highest priced new condominium listing in October 2019 is actually a tie, and at the very same location. Unit #901 at Somerset House in Friendship Heights listed for $3,875,000 and went under contract the very next day! The 3,623 square foot luxury apartment has 3-bedrooms, 4-baths, a family room and a library. Other features include a marble fireplace, hardwood floors, a huge country kitchen and spa-style baths. Unit #501 with the exact same footage but 3-bedrooms and 3.5-baths also listed for $3,875,000 and is still active as of this writing. A black marble foyer segues to wide-plank hardwood flooring, with a giant living room with fireplace, floor-to-ceiling windows and a wraparound terrace.
Coming in a very close third is Unit #4 at the historic Wendell Mansions in Kalorama with 4,400 square feet of living space and a $3,795,000 price tag. Built in 1906, this impressive Beaux Arts structure is home to Washington, DC’s oldest manually operated elevator! There are only four units in the building—each gets its own floor. Number #4 is the penthouse and has been meticulously restored and renovated. From the modern designer kitchen to breathtaking archways, this spectacular apartment blends old and new in a perfectly understated manner. It’s a return to Somerset House and a tie for third place with Unit #902 and an asking price of $3,795,000. This 3,399 square foot residence with 3-bedrooms and 2.5-baths has been stunningly renovated with a very clean and contemporary look. Dark hardwood floors, custom designer finishes and a gorgeous white and steel modern kitchen are just a few of the features that make this apartment unique.
Unit #703 at The Lauren in Bethesda is listed at $3,349,000 and offers 2-bedrooms, 2.5-baths, a family room and a den, spread out over 3,167 square feet. Included is private elevator access, wide-plank floors, multiple balconies and a contemporary kitchen with white marble countertops, white cabinets and Wolf, Sub-Zero and Bosch stainless steel appliances. In sixth place is Unit #3A at 3303 Water Street in Georgetown. With an asking price of $3,295,000, this 2-bedroom, 2.5-bath corner flat has 2,523 square feet of space, a den, giant windows, hardwood floors, a private terrace overlooking C&O Canal and a newly redesigned chef’s kitchen from Barnes Vanze Architects. Our final entry in the highest priced new listings sweepstakes is Unit #3A at the iconic Wardman Tower in Woodley Park. The 3-bedroom, 3.5-bath apartment is listed for $3,295,000 and has 3,288 square feet of living space. Flawlessly milled oak herringbone floors, a Henrybuilt kitchen with Thermador appliances, white marble baths and multiple private terraces are just a few of the features at this legendary address built in 1928 by Harry Wardman and recently transformed into 32 luxury residences.