Nobody has their finger on the pulse of DC Luxury Condo Sales like Life At The Top
February, 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
City Vista led the way in units sold in February with four closings. The contemporary complex in the Mount Vernon Triangle is comprised of three towers, the K, the V and the L. Residents enjoy rooftop decks, a swimming pool, a private one-acre park and ground level retail including a Safeway and a Ray’s Hell Burger. Sales in February ranged from one to two bedrooms, and from $467,500 to $605,000.
The Residences at CityCenter in Mount Vernon came in second with three sales. The recently completely CityCenterDC community covers more than five city blocks, with hotels, offices, upscale retail boutiques and top restaurants. The priciest closing was Unit #602 at $1,050,000 followed closely by Unit #609 at $1,202,000. Both are 2-bedroom, 2-bath flats. Unit #807 with 1-bedroom and 1-bath sold for $735,000.
There were three buildings with two sales each; the Madrigal Lofts in Mount Vernon, Ventana in the Penn Quarter and Columbia in the West End. Of special note, Unit #708 at the Columbia closed at full price at $569,000. There was a slew of notable buildings with one sale each in February. These include 3303 Water Street in Georgetown, VIO in the Southwest Waterfront, Wardman Tower in Woodley Park, Turnberry Tower in Rosslyn, Somerset House in Friendship Heights, Gaslight Square in Rosslyn, 555 Mass in Mt. Vernon Triangle and the Odyssey in the Courthouse neighborhood.
Of these, Unit #3A at 3303 Water Street was the highest priced sale in February at $3,150,000; Unit #1009 at VIO was second-highest at $3,000,011; Unit #4C at Wardman Tower was third-highest at $2,900,000; Unit #1902 at Turnberry Tower was fourth-highest at $2,880,000 and Unit #202 at Somerset House was fifth-highest at $2,515,300! A special shout-out goes to the Residences at Harbourside for its first sale since February 2015 with Unit #605 which listed for $1,395,000 and closed at $1,300,000; and Bryan School Lofts for its first sale since October 2017 with Unit #4 which listed for $650,000 and closed at $626,400.
Highest Sales Prices
Washington’s highest condo sales price in February was Unit #3A at 3303 Water Street in Georgetown. The 2-bedroom, 2.5-bath residence with 2,523 square feet of living space listed for $3,295,000 and closed at $3,150,000. With an ideal location, the spacious apartment offers huge windows, gleaming hardwood floors, built-ins, a giant white-on-white country kitchen with stainless steel appliances, and a large private terrace overlooking the historic C&O Canal and its towpath. It was also the second highest price per square foot at $1,249. Coming in second was Unit #1009 at VIO, the new luxury building perched atop District Wharf in the Southwest Waterfront neighborhood. With a sales price of $3,000,011—a hair over the asking amount and the highest price per sq. ft. for the month at $1,511—this 3-bedroom, 2.5-bath modern flat offers point-blank views of the Washington Channel and boat slips below, both from the giant floor-to-ceiling windows and a large private balcony. The 1,985 square foot apartment also features pale wide-plank floors, a Euro-style kitchen recessed into a single wall and a giant master bedroom suite.
Coming in third was Unit #4C at Wardman Tower in Woodley Park. This exquisitely renovated residence with 3-bedrooms, 3.5-baths and 3,173 square foot of living space sold for $2,900,000. Austrian hardwood floors, a large Henrybuilt kitchen and a sumptuous marble master bath with heated floors are among the features. Fourth place honors go to Unit #1902 at Turnberry Tower in Arlington’s Rosslyn waterfront. The fabulous penthouse with 3,045 square feet of living space closed at $2,800,000. The many features include a private elevator, hardwood floors, massive windows, an open gourmet kitchen and a sweeping private balcony.
Next up is Unit #202 at Somerset House in Friendship Heights which sold for $2,515,300. The 3,400 square foot condo with 3-bedrooms, 3.5-baths, curved walls and private terrace sits inside the exclusive gated Parc Somerset community with its country club amenities. Our final entry in the highest priced sales is Unit #75 at 2101 Connecticut in the prestigious Kalorama neighborhood with a $2,287,500 closing. The 2,800 square foot cooperative apartment blends new and old, with classic hardwood floors, original built-ins, a fireplace and updated kitchen and baths. It also had the sixth highest price per sq. ft. at $817.
Highest Sales Price to List Ratio
Topping the sales-to-list ratio in February was Unit #304 at Solo Piazza in Logan Circle. The 2-bedroom, 2-bath modern city home has 1,140 square feet of living space and listed for $719,000 before closing at $730,000, translating to 101.40% of its advertised price. Unit #603 at City Vista in the Mount Vernon Triangle came in second with a closing of $605,000, representing 100.83% of the asking price. The 2-bedroom, 1-bath apartment has a bright and airy feel while the building itself boasts a great rooftop deck and pool.
In third place is Unit #1211 at The Clara Barton at Penn Quarter. The nifty 1-bedroom, 1-bath flat with hardwood floors and balcony closed for a C-note over asking at $490,000 or 100.02%. Fourth place goes to Unit #1009 at VIO in the Southwest Waterfront. This spectacular residence with its walls of windows overlooking Washington Channel was also the second-highest sales price for the month at $3,000,011, or 11 dollars over the asking price, which basically translates to 100%. VIO is ideally located at the new District Wharf development; a stunning mile-long waterfront community with boat slips, shops, restaurants and concert venues.
In fifth place is Unit #812 at 555 Mass in the Mount Vernon Triangle. The 1-bedroom, 1-bath apartment closed at full price for $480,000 (100%). Also selling at full price was Unit #318 at Madrigal Lofts in the Mount Vernon Triangle. The 2-bedroom, 2-bath condo with hardwood floors and exposed overhead ductwork closed for $665,000.
Highest Prices Per Square Foot
The highest price per square foot honors in February was also the second-highest sales price. Unit #1009 at VIO at District Wharf with a 1,985 square foot layout closed at $3,000,011, translating to $1,511 per square foot. The 3-bedroom, 2.5-bath flat has an open modern design with a white-on-white Euro-style kitchen, a giant master suite and towering windows, plus balcony, overlooking the Washington Channel. Second place goes to Unit #3A at 3303 Water Street in Georgetown, with a $3,150,000 sales price (highest of the month) and 2,523 square ft. of living space, or $1,249 per sq. foot. The residence seamlessly combines modernity and classic details, while the rear terrace offers a great view of the historic C&O Canal.
In third place is Unit #1902 at Turnberry Tower in Rosslyn. The penthouse with 3-bedrooms, 3.5-baths, a den and 3,045 square feet of space sold for $2,880,000, i.e. $946 per sq. foot. Fourth place honors go to Unit #4C at Wardman Tower in Woodley Park. This was the third highest sales price for the month at $2,900,000. The spacious 3,173 square foot layout with its historic charm and impeccable renovations, translates to $914 per square foot.
In fifth is Unit #807 at CityCenterDC in the Mount Vernon Triangle. The oversized 1-bedroom, 1-bath flat with 820 square feet of space sold for $735,000, or $896 per sq. ft. Pale Northern Oak hardwood floors run throughout the condo, with a white-on-white Foster + Partners kitchen and massive windows adding to the picture. Sixth place goes to Unit #75 at 2101 Connecticut in Kalorama. This beautiful old building has one of the District’s grandest lobbies, while its cooperative apartments blend original details with new updates. The 2,800 square foot unit with 3-bedrooms and 2.5-baths sold for $2,287,500 or $817 per square foot.
February, 2020 Highest Price New Listings
The highest priced new condo listing in February was Unit #1A at the Ritz-Carlton Georgetown. The exquisitely renovated ground level residence in the heart of Georgetown has 2-bedrooms, 2-full and 2-half baths. Listed at $4,150,000, the 3,319 square foot flat boasts a spectacular white modern wet bar that seats 10, plus a second kitchen with three large wine/beverage refrigerators. Among the many other features are a patio, a balcony and a sauna! Not far behind is Unit #606 at the Residences at Harbourside in Georgetown. Priced at $3,995,000, this giant 4,118 square foot penthouse has 3-bedrooms, 4.5-baths and 2,500 square feet of terraces on two levels, boasting terrific views of the Potomac River. Gleaming hardwood floors, endless walls of windows, floating spiral stairs and an incredible chef’s kitchen are among the features.
Unit #23 at the Westlight in the West End neighborhood is in third place at $3,615,000. This unique designer model offers 3-bedrooms, 3-baths and 3,031 square feet of modern luxury minimalism, with pale hardwood floors, large open spaces, a Euro-style white-on-white kitchen with recessed appliances and huge walk-in closets. In fourth place is Unit #5C at the iconic Wardman Tower in Woodley Park with 3-bedrooms, 3.5-baths and 3,173 square feet of living space. Initially listed at $3,395,000, this impeccably renovated residence has already dropped to $3,350,000. Austrian hardwood floors, millwork, a Henrybuilt kitchen and a walk-in laundry room are just a few of the features.
In fifth place is a double offering at the legendary Watergate in Foggy Bottom. Units #1117 and 1118 are adjacent co-ops that can be merged, with a collective 5-bedrooms, 4.5 baths and 3,560 square feet of living space. Priced at $3,044,000, the twins also share a stunning 166-foot wraparound terrace with outrageous panoramic views of the river and the city. Our final entry in the highest-priced sweepstakes is Unit #2204 at Turnberry Tower in the Rosslyn waterfront neighborhood. Listed at $2,995,000, the 2-bedroom, 3.5-bath residence with den offers a 2,650 square foot layout with marble floors and a private elevator. A remodeled open gourmet kitchen and a sweeping balcony with river views are among the many attributes.