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July, 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
Sales activity continues to boom in July at some of our favorite buildings. It starts with a whopping four closings at City Vista in Mount Vernon Triangle. Of that four, Unit #907 with two bedrooms, one bath and 868 square feet of living space was also the fifth-highest in the list-to-sales category, selling for $505,000 or 100.61 percent of asking. There were two buildings with three sales each: The Artisan in Penn Quarter and Westlight in the West End neighborhood. Unit #PH104 at Westlight grabs a couple additional honors. The two-bedroom, two-bath modern penthouse with 1,603 square feet of space sold for $1,985,000, making it the highest price per sq. ft. in July at $1,238.30, as well as the sixth-highest overall sale.
There were no fewer than nine buildings with two sales each! Those include Turnberry Tower in Rosslyn, The Waterview which is also in Rosslyn, The Columbia and the Ritz-Carlton West End which are both in the West End neighborhood, Gallery Place in Chinatown, 555 Mass in Mount Vernon Triangle, The Pennsylvania in Penn Quarter, VIO at The Wharf in the Southwest Waterfront, and Lionsgate in Bethesda.
Of this large group, Unit #2001 at Turnberry Tower in the Rosslyn waterfront certainly gets a big shout-out as the highest sale of the month. The extraordinary corner residence with three bedrooms, a den, 4.5 baths and two wrap-around private balconies sold for $3,175,000. The 4,447 square foot luxury condo was only on the market for two days before getting its accepted offer. Unit #809 at Lionsgate in Bethesda captured first place in the list-to-sales ratio, selling for $1,150,000 after listing for $1,050,000. That’s an extra $100K, representing 109.52 percent of asking price for the two-bedroom, two-bath corner residence with 1,607 square feet of living space and two charming Juliet balconies. Last but certainly not least is Unit #3F at the Ritz-Carlton West End, a two-bedroom, 2.5-bath luxury apartment that came to market in June, receiving an accepted offer of $2.2 million three days later. That makes it the fourth-highest sales price for a condo or co-op in the DC area in July.
Highest Sales Prices
Our highest sale for July stands tall near the water’s edge in Rosslyn. Unit #2001 at Turnberry Tower collected a whopping $3,175,000. The 4,447 square foot luxe residence on the 20th floor was only on the market for two days before going under contract. Somebody really wanted this three-bedroom, 4.5-bath apartment with a bonus den and not one, but two sweeping terraces with phenomenal views. Giant window walls, direct elevator access and a gorgeous gourmet kitchen are a few other features in this sky-high home by the Potomac River. Second place goes to Unit #708 at Metropole in Logan Circle. The thoughtfully renovated two-level, two-bedroom, two-bath penthouse has 21-feet ceilings in places, as well as an office, a glass catwalk, a two-level private deck and three parking spaces. It’s the height of chic modernity and it sold for $2,350,000.
In third place is Unit #402 at The Edgemore at Arlington, in Bethesda. Notably, this was the building’s first closing since October 2019. The gorgeous three-bedroom, 2.5-bath penthouse with 2,750 square feet of living space listed for $2,350,000 and sold for $2,250,000. Next on the list is Unit #3F at the Ritz-Carlton West End. The two-bedroom, 2.5-bath apartment has a spacious 2,648 square foot layout, with a centrally positioned gourmet kitchen, living spaces and a large terrace at one end and bedrooms at the other end. It was only on the market for three days before receiving an accepted offer of $2.2 million.
The fifth highest condo or cooperative sale in the DC region in July was Unit #5K at 22 West in the West End neighborhood. The modern two-bedroom apartment has 2.5 baths and 1,927 square feet of living space, with oak floors throughout, a sleek open kitchen and French doors leading out to a private terrace. The full list price closing at $2,053,555 was also the third-highest price per square foot at $1,065.67. Closing out this list is Unit #PH104 at Westlight in the West End. The 1,603 square foot penthouse with two bedrooms, two baths and giant floor-to-ceiling windows, sold for $1,985,000. The listing also grabbed top honors in the price per square foot category at $1,238.30 per sq. ft.
Highest Sales Price to List Ratio
At the top of July’s list price to sales ratio is Unit #809 at Lionsgate, a modern reimagining of traditional Beaux Arts architecture with all the modern finishes and amenities, in Bethesda, Maryland. The two-bedroom, two-bath residence had been listed at $1,050,000 before landing an accepted offer of $1,150,000, a full $100,000 over asking for a very sturdy 109.52 percent. The 1,607 square foot apartment with two balconies and an open modern kitchen is strolling distance from Downtown Bethesda attractions, including Bethesda Row, Woodmont Grill, Roundhouse Theater and the Bethesda Blues & Jazz Club. Second place goes to Unit #314 at Logan Station in DC’s Logan Circle neighborhood. The two-level penthouse has two bedrooms, 2.5 baths, an office/den and 1,600 square feet of living space. The final sales price was $1,140,000 representing 101.33 percent of asking. With a sleek open kitchen, two private outdoor terraces and garage parking, this city home is a contemporary delight.
In third place is Unit #402 at The Beauregard in the U Street Corridor. The two-bedroom, two-bath apartment sold for $809,900 which is 101.25 percent of asking. Soaring ceilings, a completely open Euro-style kitchen, dark hardwood floors and an outdoor terrace are among the attributes. Next up is Unit #103 at The Duncan in Dupont Circle. The two-bedroom, 1.5-bath flat with Brazilian Cherry floors is in a distinguished building that dates back to 1906. This is the first sale at The Duncan since September 2020. The unit closed at $755,000, translating to 100.68 percent of the list price.
Fifth place goes to Unit #907 at City Vista in Mount Vernon Triangle. The two-bedroom apartment with 868 square feet of living space sold for $505,000, or 100.61 percent of asking. Closing out the category is Unit #1405N at The Pennsylvania in Penn Quarter. The one-bedroom, 1.5-bath apartment in a luxury full service building, has 690 square feet of living space with gleaming hardwood floors, a gourmet kitchen with stainless steel appliances, and a private balcony with views of the Capitol and the Washington Monument. After listing for $609,900, it closed just a tick above at $610,000 representing 100.02 percent.
Highest Prices Per Square Foot
Unit #PH104 at the very modern Westlight in the West End grabbed the highest price per square foot honors in July at $1,238.30 per sq. ft. The 1,603 square foot penthouse was also the sixth highest overall sales price at $1,985,000. With two bedrooms and two baths, the apartment has an open and airy ambience, with pale wide-plank wood floors, floor-to-ceiling windows and lots of natural light. Second place goes to Unit #606 at VIO at The Wharf. The 1,670 square foot flat with two bedrooms and two baths sold for $1,800,000, translating to $1,077.844 per sq. ft. The stylish apartment boasts hardwood floors and a completely open Euro-style kitchen that seems to blend into the walls. Giant windows and a private terrace offer views of the Washington Channel and boat slips. The Wharf is the new reimagining of the shoreline in the Southwest Waterfront, with a promenade, restaurants, live entertainment, shops and other attractions.
The third-highest price per square foot goes to Unit #5K at 22 West in the West End neighborhood. The 1,927 square foot apartment with two bedrooms and 2.5 baths sold for $2,053,555 or $1,065.67 per square ft. It was also the fifth highest sales price for the month. The popular building was awarded the 2009 RADA Grand Award for Best Multifamily Design in the United States. Next on the list is Unit #2108 at Turnberry Tower in Rosslyn. The luxe penthouse with two bedrooms, 2.5 baths, a den and a 2,039 sq. ft. layout sold for $2,075,000, translating to $1,017.66 per square foot. Features include direct elevator access, marble tile floors and a sweeping balcony with views of the Potomac River.
Unit #314 at Logan Station in the Logan Circle neighborhood nabs two honors in July. The two-level penthouse with 1,600 square feet of living space sold for $1,140,000 which was $15K over asking. Its price per square foot was $1,005.29 which ranks fifth for the month, while the list-to-sales ratio ranks second. The city home has two bedrooms, 2.5 baths, an office and two private outdoor terraces. Closing things out is Unit #405 at The Lauren in downtown Bethesda. The elegant two-bedroom, two-bath apartment with 1,450 sq. ft. of space sold for $1,400,000, or $965.52 per square foot. Features include an open floorplan with custom built-ins and a marble fireplace, as well as a private outdoor terrace.
July, 2021 Highest Price New Listings
The real estate market in DC Metro continues its summer heat wave. Topping the list is Unit #1602 at Monarch, the latest luxury tower in booming Tysons. The 4,100 square foot penthouse is listed at $4,100,000 and includes three bedrooms, 3.5 baths and remarkable skyline views. The building has a 2022 completion date and will feature resort-style amenities. Second place goes to Unit #2311 at Turnberry Tower in Rosslyn. This special waterfront penthouse is listed at $3,300,000, with three bedrooms, 3.5 baths and 3,278 square feet of living space. Massive wraparound window walls and a huge private terrace offer unbeatable views of the Potomac River, Key Bridge and Georgetown.
Next on the list is Unit #32 at 2029 Connecticut Avenue in DC’s Kalorama. This exquisite home at the grand Beaux Arts classic is offered at $2,699,000, with four bedrooms, 3.5 baths and a 3,200 square foot layout. Built in 1917, this incredible apartment combines original details such as parquet floors and ornate ceilings, with new luxury amenities in the kitchen and baths. There’s a tie for fourth place, starting with Unit #B at 25 D on Capitol Hill. The two-story penthouse is listed at $2,495,000 and occupies the top half of a row house. You’ll get two bedrooms, 2.5 baths, nearly 1,500 square feet of living space, an incredible private roof deck and three additional balconies. With phenomenal views of the Capitol Dome and the Washington Monument, this classic residence is right across from the House Office Buildings of Rayburn, Longworth and Cannon.
Next is Unit #404-N at Watergate East in Foggy Bottom. Priced at $2,495,000, this lovely four bedroom, 3.4-bath co-op has 2,465 square feet of living space supplemented by a huge covered terrace plus and additional balcony. The views of the Potomac are sublime, and the interior has been nicely renovated, including a modern open gourmet kitchen with all the bells and whistles. Sixth place goes to Unit #313 at 1745N in Dupont Circle. Listed at $1,999,900, the Historic Row loft is already pending. With two bedrooms, 2.5 baths and two levels, the residence combines old and new in one of the new development’s original row houses. From rustic exposed brick walls to flawless new designer finishes, this is truly a showcase city home.