Nobody has their finger on the pulse of DC Luxury Condo Sales like Life At The Top
March, 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 led the way with six closings in March. The 26-story modern glass and steel structure is the tallest residential building in Washington Metro, offering fabulous views of the Potomac River and tons of amenities, including indoor swimming pool, screening room with catering kitchen, and complimentary valet parking. Closings included Unit #1511, the fifth highest priced sale of the month in the region at $1,785,000. The luxurious residence has a private elevator, an open kitchen with upscale appliances set into Snaidero cabinetry and a sweeping balcony with panoramic views.
1745N in Dupont Circle had four closings in March. These Historic Row townhouses have been lovingly renovated into exquisite condominiums blending modern amenities and traditional architecture. Those interested in this charming in-town neighborhood might also want to visit Jeff Wilson’s new site, Live in Dupont.
Union Row in the U Street Corridor also had four sales. This trendy development offers two buildings, the Warehouses with multilevel industrial-style lofts and the Flats with modern single-floor designs. City Vista in the Mount Vernon Triangle had three closings in March. The popular condo community is composed of three towers and includes a swimming pool, roof decks, a private one-acre park, a Safeway and Ray’s Hell Burger. Among the sales is Unit #1111 which listed for $799,900 and closed at $840,000, making it the highest sales price to list ratio for the month. The Whitman in the Mount Vernon Triangle also had three sales, with closing prices ranging from $542,500 to $725,000. All three sold at either full, or over, list price. There were six buildings with two or more sales. Notably, Washington Harbour in Georgetown had its first sales since September, 2018. Unit #PH217, a 3,700 square foot penthouse with pristine river views from a 5,000 square foot private terrace with a heated pool, listed for $3,980,000 and closed for $3,500,000. It was the highest priced condo sale in the DC area for March. The other sale at Washington Harbour, Unit #PH212, a penthouse with 2,572 square feet of living space, listed at and closed for $2,975,000, making it the second-highest sale in March! The other buildings with two sales are: Lionsgate in Bethesda, Ten Ten Mass in the Mount Vernon Triangle, Artisan in Penn Quarter, Floridian in the U Street Corridor, Watergate in Foggy Bottom and Woodley Wardman in Woodley Park.
Highest Sales Prices
Washington Metro’s highest priced condo sales price in February was Unit #PH217 at Washington Harbour in Georgetown. The 3,700 square foot penthouse with 3-bedrooms and 3.5-baths listed for $3,980,000 and sold for $3,500,000. Among the many features is a 5,000 square foot private terrace with fountain, heated swimming pool and amazing point blank views of the Potomac River. In second place was Unit #PH212, also a penthouse at Washington Harbour. The opulent 2-bedroom, 2.5-bath residence with a giant dressing room, office and a huge terrace with river views, listed and closed for $2,975,000. These two sales marked the first at Washington Harbour since September, 2018.
Coming in third was Unit #75 at the Westlight in the West End neighborhood. The modern 2-bedroom, 2-bath flat with 1,723 square feet of living space closed at full price, for $2,015,000. The stunning building with its cantilevered glass façade was designed by Enrique Norten and delivered in 2018. Fourth place goes to Unit #7F at 22 West in the West End community. The 2-bedroom, 2-bath contemporary open apartment has gleaming hardwoods throughout, an office, giant window walls and a balcony. It listed for $1,950,000 and sold for $1,850,000.
In fifth place is Unit #1511 at Turnberry Tower in Rosslyn. The 3-bedroom, 2.5-bath waterfront condo listed for $1,875,000 and went under contract two days later. The final closing price was $1,785,000. Among the many features is a private elevator, an open kitchen with Snaidero cabinetry and stainless steel appliances, and a large private balcony with views of the Potomac. Sixth place goes to Unit #1003 at the fabulously modern VIO which sits atop the new District Wharf in the Southwest Waterfront. With 2-bedrooms, 2-baths and 1,370 square feet of space, this showcase apartment offers point-blank views of the Washington Channel and boat slips below, from giant window walls and a private balcony. The sales price was $1,740,000, making it the highest price per square foot sale in March at $1,270.07 per square ft. Seventh place in the highest priced sweepstakes goes to Unit #PH2 at Chase Point in Chevy Chase. The 2-bedroom, 2.5-bath two-level penthouse has striking hardwood floors, a beautiful open kitchen, large laundry room, marble baths and floating curved stairs leading to the second story, as well as a private roof deck with outdoor kitchen. The sales price was $1,725,000.
Highest Sales Price to List Ratio
Topping the sales-to-list ratio in March was Unit #1111 at City Vista in the Mount Vernon Triangle. The 2-bedroom, 2-bath flat with 1,010 square feet of living space listed for $799,900 and closed at $840,000, an impressive 105.1% figure. Life At The Top’s Jeff Wilson represented the buyer.
Unit #41 at Rainbow Lofts in Logan Circle came in second. The 1,350 square foot penthouse with 2-bedrooms and 2-baths listed for $1,299,900 and sold for $1,362,500, or 104.82% of the original asking price. Features include giant window walls, skylights, overhead ductwork, two private terraces and exposed brick walls from the original auto body shop. Third place goes to Unit #317 at the Lofts at Adams Morgan, in the perennially hip Adams Morgan neighborhood. The 2-bedroom, 2-bath flat with gleaming hardwood floors and a private balcony listed for $849,900 and closed for $889,000, or 104.60% of asking.
Fourth place goes to Unit #1210 at The Artisan in Penn Quarter. The 1-bedroom, 1-bath flat with 750 square feet of living space listed for $450,000 and sold for $465,000; a solid 103.33% of asking for this cute apartment with a great location. Unit #309/209 at 1661 Crescent Place in the tony Kalorama neighborhood is notable in two regards. It’s the first sale at the Grande Dame building since March 2019. Also, the 3-bedroom, 2.5-bath residence, incorporating apartments at two different levels into one spacious home, listed for $850,000 and closed at $875,000, 02 102.94%. Our final entry in the highest sales to list ratio is Unit #911 at Madrigal Lofts in the Mount Vernon Triangle. The 2-bedroom, 2-bath flat with 1,345 square feet of space listed for $819,500 and closed at $840,000. That’s a solid 102.50% for this roomy corner unit with a wraparound balcony.
Highest Prices Per Square Foot
The highest price per square foot honors in March was also the sixth highest overall sale. Unit #1003 at VIO, which is perched atop the new District Wharf in Washington’s Southwest Waterfront, has 2-bedrooms, 2-baths and 1,370 square feet of living space. The closing price of $1,740,000 equals $1,270.07 per square ft. Among the features at this fabulously modern flat is a European-style kitchen, outrageously large windows, a balcony and stunning views of the Washington Channel. Second place goes to Unit #75 at the Westlight building in the West End. The 2-bedroom, 2-bath flat with 1,723 square feet of living space was also the third highest overall sale in March, closing at its full price of $2,015,000 or $1,169.47 per square ft.
The third highest price per square foot was the second highest overall sale for the month. Unit #PH212 at Washington Harbour in Georgetown sold for $2,975,000, equaling $1,156.69 per sq. ft. for the spacious 2-bedroom, 2.5-bath apartment with its huge private deck and sweeping Potomac River views. Fourth place goes to Unit #41 at Rainbow Lofts at Logan Circle’s unique Auto Row—a block of former automotive shops along Church Street that have since been repurposed into trendy condominiums. This particular unit had the second highest list-to-sales ratio at 104.82 percent, as well as a sturdy $1,009.26 per square foot, with a closing price of $1,362,500.
In fifth place is Unit #7F at 22 West in the West End. The 2-bedroom, 2-bath flat with 1,845 square feet of living space sold for $1,850,000, or $1,002.71 per sq. ft. The apartment with its giant window walls was also the fourth highest overall sale for the month. Our final entry is Unit #411 at CityCenterDC in the Mount Vernon Triangle. The 2-bedroom, 2-bath apartment with 1,367 square feet of living space sold for $1,325,000 or $969.28 per sq. ft. Wide-plank Northern Oak floors, a modern gourmet kitchen recessed into a single wall, floor-to-ceiling windows and a private balcony add to the considerable appeal.
March, 2020 Highest Price New Listings
The highest priced new condo listing in February was Unit #PH6 at the historic Wormley School in Georgetown. Listed at $3,995,000, this renovated two-story penthouse offers an enormous 4,550 square foot layout, with 4-bedrooms, 3.5-baths, a giant chef’s kitchen, formal dining room, multiple fireplaces, skylights, a wine attic under the eaves and three parking spaces.
The next three entries are all at The Lauren in Bethesda. Unit #PH703 is priced at $3,349,900 and comes with a private elevator, 2-bedrooms, 2.5-baths, an office and private balcony. Hardwood floors run throughout this contemporary flat with 3,167 square feet of living space. Unit #PH704 at The Lauren has 2,767 square feet of space and is listed at $3,299,900. There are 2-bedrooms, 3.5-baths, home office, open marble kitchen with recessed appliances and pale wide-plank hardwood floors. This is the only unit with its own 1,300 square foot private roof deck with built-in kitchen and TV! Also at the Lauren is Unit #602, listed at $2,999,900. The 3-bedroom, 3.5-bath flat has 3,169 square feet of space, with dark hardwood floors, tray ceilings, direct access elevator, gas fireplace, multiple balconies, marble baths and a laundry room.
Unit #210 at 2510M in the West End neighborhood is available for $2,894,000. The 2-bedroom, 2.5-bath corner flat has a 1,919 square foot floorplan and overlooks both Francis Field and Rock Creek Park. Prepare your meals in a modern open kitchen with recessed appliances, then eat out on the private balcony! Unit #503 at 2050M is next in line at $2,798,000. This apartment has 2-bedrooms, 2.5-baths and 2,245 square feet of space. The corner residence overlooks 25th and M Streets, and features hardwood floors, giant windows, stylish baths and a private balcony.
Unit #1403 at Somerset House in Friendship Heights already has a price decrease, dropping by $100K to $2,665,000. The 4-bedroom, 2.5-bath apartment in the exclusive Parc Somerset gated community has a spacious 3,021 square foot floorplan. Window walls wrap around the residence with its sunny breakfast bay, formal dining room, huge master suite and two private terraces. Unit #PH2C at the Ritz-Carlton West End in the West End neighborhood is a beautifully renovated penthouse priced at $2,450,000. The 2-bedroom, 3-bath residence has two levels of living space with 2,457 square feet and a family room that can be returned to its original use as a third bedroom. Among the many features are white oak floors, a marble fireplace and a stunning private rooftop deck.
Our final entry, Unit #PH10 at Turnberry Tower in the Rosslyn neighborhood, went under contract one day after listing for $2,350,000. The 25th floor residence has 2-bedrooms, 2.5-baths, new wide-plank floors and a sweeping balcony with views of the Potomac River.