Nobody has their finger on the pulse of DC Luxury Condo Sales like Life At The Top
April, 2020 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
Turnberry Tower in the Rosslyn waterfront neighborhood continued leading the way in condo sales with five closings in April after notching six in March. The curvilinear 26-story glass and steel tower was designed by ACG Architecture and is the tallest residential building in DC Metro. Spectacular views of the Potomac River combine with luxury amenities such as an indoor heated pool, screening room with kitchen, fitness center, front desk, concierge and valet. Notable sales include Unit #PH10, a fabulous penthouse with private elevator and superb river views that sold at full price for $2,350,000. This closing also tied for first place in April’s highest priced sales.
City Vista in the Mount Vernon Triangle had four sales for the month. The perennially popular condominium community boasts three residential towers, with terrific roof decks, swimming pool, a private one-acre park, a Safeway and Ray’s Hell Burger. Two of the four sales were above list and two were at full price. Among these were Units #304 and 421 with a tie for the third highest list-to-sales ratio for the month, offered at $605,000 and closing at $616,000 or 101.82% of list. Union Row in the U Street Corridor also had four sales in April, duplicating its March sales output. The trendy development is comprised of two buildings; the Warehouses and the Flats. Notably, Unit #904, a 2-bedroom, 2-bath penthouse, closed at its full price of $1,089,000.
There were no fewer than six buildings with two closings each! This list includes 555 Mass in the Mount Vernon Triangle, The Columbia in the West End, The Odyssey in Arlington, The Whitman in Mount Vernon Triangle, Westlight in the West End and The Montrose in Georgetown. Notably, Units #307 which sold for $2,350,000 and #102 which sold for $1,190,000, were the first closings at the historic Montrose since December of 2017. Additionally, Unit #307 tied for first place in the highest priced sales for April.
Luxury buildings with one closing each include Adams Row in Adams Morgan, Delancey Lofts in Adams Morgan, Dumbarton Place in Dupont Circle and Shoreham West in Woodley Park. Unit #712 at Shoreham West was that building’s first sale since December of 2017, The 2,000 square foot cooperative was also the fifth highest sale in April at $1,200,000.
Highest Sales Prices
There is a tie for the highest condo sales prices in April but we’ll give the nod to Unit #PH10 at Turnberry Tower in Rosslyn, as it closed at its full asking price of $2,350,000 and was only listed on the market for one day! The 2,267 square foot penthouse with 2-bedrooms and 2.5-baths comes with all the luxury trimmings, including a private elevator, new wide-plank floors throughout, an open gourmet kitchen and a sweeping balcony with views right up the Potomac River.
Also selling for $2,350,000 (after listing for $2,450,000) was Unit #307 at The Montrose in Georgetown. The 2,495 square foot duplex has 3-bedrooms, 3.5-baths, an office, an additional library and a private rooftop deck with treetop views of Georgetown. Coming in third is Unit #1506 at The Odyssey in Arlington’s trendy Courthouse neighborhood. The 2-bedroom, 2-bath apartment sold for $1,550,000, and has engineered hardwood floors, a den, Sub-Zero, Wolf, Viking, Bosch and Miele appliances and a 25-foot balcony. Fourth place belongs to Unit #32 at Dumbarton Place in Dupont Circle with a $1,290,000 closing figure. The contemporary condo offers 2-bedrooms, 2.5-baths and 1,534 square feet of open, airy living space illuminated by tons of natural light from giant floor-to-ceiling windows.
Those interested in the Dupont Circle neighborhood might also wish to visit Jeff Wilson’s new community site, Live in Dupont. In fifth place is Unit #712 at Shoreham West in Woodley Park. The 2,000 square foot cooperative sold for $1,200,000. This was the building’s first sale since December of 2017. In sixth place is Unit #904 at Union Row in the U Street Corridor. Closing at $1,089,000, the 2-bedroom, 2-bath penthouse has 1,169 square feet of living space and is located on vibrant 14th Street, an area that has seen a highly successful revitalization effort over the past two decades.
Highest Sales Price to List Ratio
Topping the sales-to-list ratio in April was Unit #211 at Delancey Lofts in Adams Morgan. The 2-bedroom, 2-bath loft unit listed for $745,000 and closed at $765,000: a $20,000 increase or 102.68% of the original price. Exposed brick walls, overhead ductwork and beams, and a loft master bedroom add to the striking appearance. Unit #1003 at The Whitman in Mount Vernon Triangle came in second at 102.44%, reflecting a $615,000 asking price and a $630,000 closing. The stylish flat with 2-bedrooms and 1.5-baths and 883 square feet of living space has gleaming hardwood floors, an open gourmet kitchen with granite counters and stainless steel appliances, a balcony and a walk-in washer and dryer closet.
In a tie for third place is Units #304 and #421 at City Vista in Mount Vernon Triangle. The 2-bedroom, 1-bath flats each listed at $605,000 and sold for $616,000 or 101.82% of the asking price. Next up is Unit #701 at The Odyssey in Arlington’s Courthouse neighborhood with an asking price of $365,000 and a closing at $370,000, or 101.37%. The 579 square foot apartment makes the most of its floor space with an open kitchen and a nifty desk nook.
Unit #416 at Union Row in the U Street Corridor was priced at $778,500 and sold for $780,000 or 100.19% of list. The 2-bedroom, 2-bath residence with 982 square feet of living space features a bright and open floor plan with exposed overhead ductwork and a white-on-white modern kitchen set into a single wall.
Highest Prices Per Square Foot
The highest price per square foot honors in April goes to Unit #1506 at The Odyssey in Arlington’s highly popular Courthouse neighborhood. The 2-bedroom, 2-bath residence has 1,318 square feet of living space and sold for $1,550,000, equaling $1,176.02 per square foot. The posh apartment with its huge balcony and gourmet kitchen, also happens to be the third highest condominium sales price for the month. In second place is Unit #102 at The Montrose in Georgetown. The glamourous 2-bedroom, 2-bath apartment in a historic building, offers a 1,078 square foot layout and sold for $1,190,000, translating to $1,103.90 per sq. ft. Located across the street from Montrose Park and Dumbarton Oaks Garden and Park, this redesigned residence has French doors leading out to a large private patio and garden.
In third place is Unit #PH10 at Turnberry Tower in Rosslyn. The 2,267 square foot penthouse sold at full price for $2,350,000 which equals $1,036.61 per square foot. With private elevator and stunning views of the Potomac River, this sky-high residence also topped the highest priced sales list for April. Next up is another condo with multiple honors in April. Unit #904 at Union Row in the U Street Corridor had the sixth highest sales price at $1,089,000, and the fourth highest price per square foot, at $931.57 per sq. ft. for its 1,169 square foot floorplan. The penthouse has 2-bedrooms and 2-baths.
Fifth place goes to Unit #411 at Metropole in Logan Circle. The modern 1-bedroom, 1.5-bath loft unit offers two levels of urban chic, with cement ceilings, overhead ductwork, towering windows and floating spiral stairs leading up to the bedroom. The sales price of $760,000 divided by 895 square feet of living space equals $849.16 per square foot. Rounding out the list is Unit #32 at Dumbarton Place in Dupont Circle. With a $1,290,000 sales price and 1,534 square feet of space, this airy residence was the fourth highest closing for April and the sixth highest price per square foot at $840.94. On the subject of Dupont Circle, Jeff Wilson’s latest site, Live in Dupont, is a fun community resource. Pay a visit to learn more about the popular in-town neighborhood.
April, 2020 Highest Price New Listings
The distinctive 2501 M building in DC’s West End neighborhood has three of the highest priced new condos listings in April. In the top spot is Unit #502 with an asking price of $2,999,000. This very modern flat has 2-bedrooms, 2.5-baths and a glassed-in den. Enjoy 2,081 square feet of living space, wide-plank floors and a super hip open kitchen with appliances recessed into cabinetry. Giant window walls span the entire unit, offering close-up views of Francis Field. There’s also a private balcony. Second place also belongs to 2501 M. Unit #210 is listed at $2,599,900, with 2-bedrooms, 2.5-baths, a den and 1,919 square feet of contemporary space. Included are White Oak floors, a sleek, minimalist kitchen, balcony and options for two parking spaces.
In third place is Unit #4 East at The Sage in Columbia Heights. Listed at $2,350,000, the duplex penthouse offers 3-bedrooms, 3-baths, a den and 2,296 square feet of living space. Among the myriad of features is a roof deck, fireplace and a main level master bedroom with an entire wall of seamless glass sliding doors. This new boutique building is next door to Meridian Hill Park. Fourth place belongs to Unit #2M at 3303 Water Street in Georgetown. Priced at $2,195,000, the south-facing corner apartment is already under contract. Soaring 11-foot ceilings, massive factory windows, a European-designed open kitchen, two parking spaces, a patio and picture perfect views of the Potomac are among the attributes.
Next up is a super-sized double residence at One Park Crest in McLean. Units #1901 and #1902 have been merged into one 4-bedroom, 4.5-bath penthouse with 3,460 square feet of luxurious living space and a $2,150,000 price tag. You’ll get two master bedroom suites, two side-by-side gourmet kitchens, two balconies, four parking spaces and two storage units to go along with giant open living spaces that are perfect for entertaining. In sixth place is a return to 2501 M in the West End, with Unit #T08. This 2-bedroom, 2.5-bath flat has a den and 1,660 square feet of space, and is listed at $1,999,900. It has all the modern finishes and amenities you’d expect at this high end address.
Our final entry is Unit #240 at the highly sought after Columbia Residences in the West End neighborhood. Listed at $1,850,000, this extraordinary corner condo enjoys exposure on three sides, and offers 2-en suite bedrooms, 2.5-baths, a den and 1,915 square feet of stylish living space. Gleaming hardwood floors, a giant living area, beautiful open kitchen, outdoor patio, two park spaces and two climate controlled storage units are part of the package. Residents at the Columbia also enjoy an on-site Trader Joe’s!