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April, 2021 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
April was another strong month for sales in the Washington, DC area, topped by five closings at Ten Ten Mass in the Mount Vernon Triangle. Included in the sales is Unit #PH106, a striking penthouse with one bedroom, a den that can be used for an additional bedroom, 2.5 baths and 1,074 square feet of space. The unit listed at $775,000 and sold for a very solid $760,000. Gleaming hardwood floors run throughout, and the main living area is completely open to a modern kitchen with stainless steel appliances.
There were four buildings with four sales each in April: The Ventana in Penn Quarter, Madrigal Lofts in Mount Vernon Triangle, 2020 Lofts in the U Street Corridor, and 555 Mass in Mount Vernon Triangle. To give an idea of just how sturdy these closings were, three of the four sales at The Ventana were at full price with the other barely missing that mark; one of the four sales at Madrigal Lofts was at full price with another $10,000 over asking; two of the four sales at 2020 Lofts were full price and one of the closings at 555 Mass was $1,000 over list. Continuing the multi-sale streak, four buildings had three closings each: Gallery Place in Chinatown, 2501 M in the West End, City Vista in the Mount Vernon Triangle, and The Artisan in Penn Quarter. Notables in this batch include Unit #314 at Gallery Place, which took home second place honors in the list-to-sales ratio at 105.93 percent. The two-bedroom, two-bath flat with a fireplace and exposed concrete pillars listed for $675,000 and sold for $715,000. Commuting is a breeze from this address, as the condo building is right on top of the Gallery Place-Chinatown Metro! Also in this grouping is Unit #404 at 2501 M, which earned fifth place in the highest price per square foot at $1,015.81. The extraordinary residence with two bedrooms and 2.5 baths, has giant windows, white oak flooring and a private balcony. The sales price was $1,285,000.
There were three buildings with two sales each in April: 1745N in Dupont Circle, 2101 Connecticut in Kalorama, and Atrium in Arlington’s Rosslyn neighborhood. 1745N at Historic Row melds new construction with antique row houses. Both sales at this desirable address were over the million dollar mark, with Unit #211 selling for $1,300,000 and Unit #410 closing at $1,275,000. 2101 Connecticut is one of Washington’s “Best Addresses” as chronicled in James Goode’s well-known book on the subject. Atrium is named for its dramatic window walls and glass elevators, offering spectacular views.
Highest Sales Prices
The highest priced sales figures for April were memorable indeed, topped by a deluxe residence at the luxury branded Ritz-Carlton Georgetown. Unit #3D sold for $5,400,000, and includes four bedrooms, 5.5 baths and 4,400 square feet of living space. The building is right by the Georgetown Waterfront, and the elegant apartment offers extraordinary views of the Potomac River. Walls of windows, spacious rooms, a lovely open kitchen and a picture perfect location are all part of the package. This listing is also the month’s highest price per square foot at $1,227.27. The second highest sales price for April is another multi-category standout. Unit #1 at the historic Wormley School in Georgetown sold for $3 million dollars after listing for $2,799,999; the highest list-to-price ratio for the month at 107.14 percent. Additionally, the spacious 2,700 square foot layout works out to $1,111.11 per square foot, the second-highest price size. The two-bedroom, 2.5-bath home has a myriad of features and fine design details, and also boasts a wonderful wraparound patio with its own grassy dog run.
In third place is Unit #602 at The Lauren in Bethesda. The three-bedroom penthouse has 3.5 baths, 3,223 square feet of living space, as well as multiple private terraces. It sold for $2,925,000 after listing for $2,999,900. The fabulous residence has direct elevator access, an open layout with soaring ceilings, a family room, an open chef’s kitchen with high-end panelized appliances and giant floor-to-ceiling windows. Dine indoors or out! Fourth place goes to Unit #504 at Hampden Row in Bethesda. The three-bedroom, 3.5-bath with a 2,870 square foot floorplan sold at full price for $2.7 million. The modern white-on-white kitchen is a culinarian’s delight with its white quartz counters, Thermador gas range with warming drawer, Gaggenau fridge, and panelized Bosch oven. There’s also a huge private terrace plus an additional balcony, adding up to an impressive 1,152 square feet of outdoor space.
Moving across the river to Rosslyn finds the month’s fifth-highest sale; Unit #2309 at the swanky Turnberry Tower. The 2,655 square foot apartment with a private elevator, two bedrooms, a den and 3.5 baths, sold for $2,580,000. The sky-high residence has custom wall treatments, panoramic window walls and a completely open kitchen with glossy Snaidero cabinetry that curves along one wall. A sweeping balcony offers incredible views of the river, and all the way over to Georgetown. Closing out this impressive sales list is Unit #402 at the snazzy Cooper Lewis in Logan Circle. The 2,150 square foot flat with three bedrooms and 2.5 baths sold for full price for $1,849,900. Among the many features is an incredible designer kitchen, white oak floors, an office, a 575 square-foot private roof terrace plus an additional bonus balcony.
Highest Sales Price to List Ratio
April was an especially strong month for over-asking offers in the Washington, DC area, as evidenced by Unit #1 at the Wormley School in Georgetown. The two-bedroom, 2.5-bath residence at the historic former schoolhouse has a spacious 2,700 square foot layout, with a fireplace, a gorgeous kitchen and tons of architectural details. There’s also an incredible wraparound patio with its own grassy dog run! After listing for $2,799,999, this memorable residence sold for $3 million, equaling 107.14 percent of the asking price. Second place goes to Unit #314 at Gallery Place in Chinatown. With two bedrooms and two baths, the 974 square foot flat listed for $675,000 and sold for $715,000, equaling 105.93 percent of the original price. The unit has finished concrete floors, concrete pillars and many other unique touches. The building is on top of the Metro, and next to Chinatown’s famed arches, as well as Capitol One Arena and the Regal 14 Movie Theater.
In third place is Unit #5 at City Overlook in the U Street Corridor. The modern building with its outstanding cityscape views is steps from Meridian Hill Park with its cascading terraces, and is home to just 18 condos. This one-bedroom, one-bath apartment is quite roomy at 883 square feet, with maple hardwood floors and giant windows. It listed for $539,000 and sold for $570,000, translating to 105.75 percent. Fourth place goes to Unit #1004 at Mather Studios in Chinatown. The two-bedroom, two-bath loft with 1,200 square feet of living space has exposed concrete floors and ceilings, exposed brick walls, overhead ductwork, floating industrial metal stairs and a huge private terrace. After listing for $1,274,999, this super cool pad sold for $1,325,000 (103.92 percent). The building is home to both condos and artist studios.
Unit #P3 at The Erie in Adams Morgan takes 5th place at 102.61 percent. This sublime three-story penthouse with two bedrooms and 2.5 baths, has 1,584 square feet of interior space, as well as a 600 square foot private roof terrace. Soaring ceilings with exposed metal beams, floating stairs, concrete floors and giant windows are just a few of the other features for an attention-grabbing home that closed at $1,180,000 after listing for $1,150,000. Our final entry in this category is Unit #412 at The Lofts at Adams Morgan. This fabulous residence has two bedrooms and two full baths on the main floor, with floating metal stairs leading up to a super fun loft space, another full bath and a laundry room. There’s also an incredible wraparound private terrace. This Adams Morgan standout was offered for $1,180,000 before selling for $1,202,000, or 101.86 percent of the asking price.
Highest Prices Per Square Foot
Unit #3D at the Ritz-Carlton Georgetown topped the list for the highest price per square foot in April at $1,227.27. It is also the most expensive sale at $5.4 million! Perched near Georgetown’s Waterfront, the luxury full-service address offers both a hotel and condos at the same location. The 4,400 square foot residence has oversized windows offering picture perfect views of the Potomac River. There are four bedrooms and 5.5 baths, with a combination of dark herringbone and tile floors. With a gourmet kitchen, a study, formal dining room and a large open living room with fireplace, this residence is both spacious and special. Second place goes to another multi-category winner, Unit #1 at The Wormley School in Georgetown. This 2,700 square foot fully renovated home sold for $1,111.11 per square foot. It was also the second highest-sales price as well as the highest list-to-sales price at 107.14 percent, having listed for $2,700,999 before closing at a smooth $3 million. The two-bedroom, 2.5-bath residence has loads of elegance and charm, as well as an awesome wraparound patio and a private grassy dog run.
In third place is Unit #1004 at Mathers Studios in Chinatown. The two-bedroom, two-bath loft has 1,200 square feet of living space and sold for $1,325,000, equaling $1,007.24 per sq. feet; this was also the fourth-highest list-to-sales ratio at 103.92 percent. The former office building is home to both condo residences and artist studios, and is located in one of Downtown DC’s most vibrant and exciting neighborhoods. The hipster loft residence has polished concrete floors, exposed ductwork, raw brick walls, industrial metal stairs and a huge private terrace. Next on the list is Unit #1118 at The VIO, located at Washington’s newest waterfront hot spot, The Wharf. The two-bedroom, 2.5-bath modern flat with 1.630 square feet of living space sold for $1,750,000, or $1,073.62 per sq. foot. An incredible kitchen, walk-in closets with organizers, a laundry room and a large private deck are among the features. The new owners will be steps from the promenade with all its exciting new shops, restaurants and entertainment.
Fifth place goes to Unit #404 at 2501 M in the West End neighborhood. The modern 1,265 square foot flat with two bedrooms and 2.5 baths sold for $1,285,000 or $1,015.81 per sq. foot. Giant windows, white oak floors, a very contemporary kitchen and a private balcony add to the allure. Our final entry is Unit #1A at 22 West in the West End. The spacious two-level apartment has 1,645 square feet of living space and sold for $1,612,500, translating to $980.24 per square foot. The extraordinary residence with custom finished throughout, has two stories of windows framing the captivating living area with its soaring ceilings. There’s also a captivating patio with plantings.
April, 2021 Highest Price New Listings
New real estate listings in the Washington Metro area continued at a torrid pace in April, including some very impressive luxury properties. The highest-priced new condominium entry is Unit #9F at Westlight in Washington’s popular West End neighborhood. The modern three-bedroom apartment is being offered at $2,995,000 and comes with three full baths, a bonus den and 2,415 square feet of sublime living space. Beautiful wide-plank floors, expansive window walls and a glossy white open kitchen with panelized appliances set into one wall, give this place an airy, light-filled feel. An open office/den area off the main living area adds to the options. Coming in a close second is Unit #6D at the incomparable Wardman Tower in Woodley Park. The three-bedroom, 3.5-bath residence with 3,139 square feet of space is priced at $2,895,000. Each bedroom has its own en-suite bath; there’s also multiple private balconies and an absolutely stunning kitchen with Henrybuilt cabinetry, Thermador appliances, Pentalquartz counters and a Danby Royal marble backsplash. Built in the 1928 by Henry Wardman, the landmark tower with its distinctive wings was recently reimagined by Deborah Berke Partners.
Unit #102 at Alexander Hall is next on the list with a $2,395,000 price tag. The three-bedroom, 2-5-bath, two-level residence in Georgetown’s East Village is one of just three condos in a former historic church, which is attached to a grand single-family mansion dating back to the early 1800s. The 2,154 square foot interior has been modernized with huge open spaces, pale wide plank floors and a completely open kitchen with white marble counters and upscale appliances set into white cabinetry. Sleeping quarters are up on the second floor, along with marvelous en-suite baths. Fourth place goes to Unit #PH406 at The Madelon in Georgetown. Listed at $2,300,000, the three-bedroom, 2.5-bath penthouse with a spacious 2,622 square foot layout is already pending! The incredible two-level residence has a soaring 25-foot foyer with skylight, a wonderfully elongated modern kitchen and exquisite hardwood floors with matching wooden three-dimensional wall accents. Direct elevator access, a two-sided fireplace and a nearly 500 square foot private terrace with views of the Washington Monument, add to the allure.
In fifth place is Unit #2A at 2501 Pennsylvania in the West End neighborhood. Offered at $2,295,000, the two-bedroom, 2.5-bath apartment is roomy indeed, with a 2,732 square foot layout and fascinating room shapes. The main living room area has a hexagonal-shaped tray ceiling, and is open to the adjacent dining and cooking area. From the modern open kitchen to the lovely bedroom suites, this place is filled with charm. It’s back to Wardman Tower for our final entry in April’s highest-priced new listing. Unit #3C listed for $2,245,500 and is already under contract. With 3,139 square feet of living space, this meticulously restored residence in a unique historic building boasts a living room, family room and dining room, all with an open organic flow. The oak herringbone floors are stunning, as is the incredible eat-in chef’s kitchen with its upscale appliances, coastal gray quartz counters and custom Henrybuilt cabinety.