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April, 2022 DC Penthouse and Luxury Condo Marketing Activity Report
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Most Units Sold
Leading the way in sales volume in the month of April is The Whitman with a whopping six closings. The popular Mount Vernon Triangle address is known for its full service, hotel-style amenities and one of the city’s best roof decks, including a pool, dining, and lounging areas. Among the six sales is Unit #1102, a one-bedroom, one-bath penthouse with vaulted ceilings and 708 square feet of living space that sold for $555,000 after listing for $525,000, equaling 105.71 percent and sixth place in the month’s highest list-to-sales category
There were two buildings with four sales each: a href="https://lifeatthetop.com/recent-sales-citycenter" title="Click to view all recent sales at City Center" target="_blank" rel="noopener">CityCenterDC in Mount Vernon Triangle and Matrix in Logan Circle. Matrix is a modern industrial chic building with just 40 units, so four sales in a month is significant. Also of special note is Unit #810 at CityCenterDC with the fourth highest sale of the month at $2,325,000, as well as Unit #709 with one bedroom, one bath and 717 square feet for the sixth highest in the price per sq. ft. category at $948.40.
Last but certainly not least, there were nine buildings with three sales each in April! This impressive list includes 555 Mass as well as The Sonata in Mount Vernon Triangle, The Lafayette in Penn Quarter, Ritz-Carlton West End in the West End neighborhood, The Bower in the rapidly developing Yards community, Somerset House in Chevy Chase, Atrium, and The Waterview in Rosslyn, and The Signet in McLean.
One condo community in this grouping had two additional honors in April. Somerset House is comprised of three luxury towers within the 17-acrea exclusive Parc Somerset gated complex in Maryland’s Chevy Chase/Friendship Heights area. Unit #202 with two bedrooms, a den, and 2.5 baths, had the second highest list-to-sales ratio, priced at $1,395,000 before selling for $1,505,000, or 107.89 percent of asking. Unit #703 captured the sixth highest sales price for the month at $2,300,000. The luxurious three-bedroom, three-bath apartment has two private balconies and a spacious 2,498 square foot layout, with cove ceilings and a charming den/library.
Highest Sales Prices
The highest sales price for a condo or coop in the DC area in April goes to a truly spectacular showcase property. Unit #PH2D at the Ritz-Carlton Georgetown in the Georgetown waterfront area closed at $7,675,000, a sum that stands head and shoulders above its closest competition. The four-bedroom, 4.5-bath penthouse has 4,413 square feet of refined living space and also took top honors in the price per sq. ft. category at $1,739.18. Other features include Brazilian cherry herringbone floors, sunny exposures on four sides, and a private roof deck with stunning views of the Potomac River. Unit #4C at Wardman Tower in Woodley Heights captures second place with a closing price of $4.5 million. Additionally, that number translated to fifth place in the price per size sweepstakes, with the 4,648 square foot layout equaling $968.16 per square foot. The three-bedroom, 3.5-bath apartment in the landmark building was decorated by Darryl Carter after the tower’s full renovation by Deborah Berke Partners. The result is a one-of-a-kind residence blending traditional elegance and subtle modernity, including multiple private outdoor spaces.
The third highest sales price together with the second highest price per square foot goes to Unit #2301 at the new Pierce luxury condominium complex in Rosslyn, at $3,150,000 and $1,376.15 per square foot respectively. The two-bedroom, two-bath apartment with a bonus den, direct elevator access, and a huge corner terrace, is open, spacious, and dramatic. Fourth place goes to Unit #810 at CityCenterDC in Mount Vernon Triangle at $2,325,000. The luxe two-bedroom, 2.5-bath corner apartment has an open 1,378 square foot floor plan plus a spectacular 1,000 sq. ft. private sky terrace with landscaping.
Coming right behind that is Unit #202 at the very modern 2501 M in the West End. The 2,081 square foot flat with two bedrooms and two baths, and offers giant windows, white-on-white finishes, and a completely open kitchen. It sold for $2,300,000. Matching that $2.3 million sales price is Unit #703 at Somerset House in Chevy Chase, with three bedrooms, three baths, a den/library, two balconies and 2,498 sq. ft. of living space.
Highest Sales Price to List Ratio
Topping the highest list to sales price category in April is Unit #310 at Chase Point, a luxurious building from developer PN Hoffman that sits prominently atop a bustling shopping, restaurants, and Metro mecca in the Chevy Chase/Friendship Heights area. The two-bedroom, two-bath condo with a bonus den and 1,712 square feet of living space was offered at $1,295,000 before selling for $1,433,000, presenting a 110.66 percent ratio. Coming in second is Unit #202 at Somerset House, also in Chevy Chase/Friendship Heights. With a 1,952 square foot floorplan, the two-bedroom, 2.5-bath apartment with a bonus den listed at $1,395,000 before selling for $1,505,000, equaling 107.89 percent of the asking price.
Third place goes to Matrix in Logan Circle. The 40-unit building had a robust four sales in April, with Unit #305 offered at $600,000 before closing at $639,900 (106.65 percent). The one-bedroom, one-bath residence has 897 square feet of living space, with soaring ceilings, giant factory-style windows, and industrial finishes. Coming in fourth at 106.50 percent is Unit #505 at the new eNvy condominium in the Navy Yard Ballpark District. The cute one-bedroom flat with 668 square feet of space has hardwood floors and a completely open Euro-style kitchen. It sold for $575,000 after listing for $539,900.
Fourth place goes to Unit #PH703 at The Metro in Logan Circle. The one-bedroom, one-bath, loft-style penthouse with a bonus den, was priced at $849,900 before selling for $900,000 (105.89 percent). The stylish two-level residence has exposed ductwork, with a flex living space at the upper level as well as a private roof level terrace. Closing out the category is Unit #1102 at The Whitman in Mount Vernon Triangle. The one-bedroom, one-bath penthouse sold for $555,000 after listing for $525,000 (105.71 percent).
Highest Prices Per Square Foot
Top honors for the highest price per square foot, as well as the highest sales price overall, goes to an extraordinary penthouse at The Ritz-Carlton Georgetown. Unit #PH2D offers 4,413 square feet of beautifully finished living space, with the $7,675,000 closing translating to $1,739.18. The location is also superb, directly overlooking Georgetown Waterfront Park and the Potomac River. The four-bedroom, 4.5-bath residence enjoys sunny exposures on all four sides, and a private roof deck. Second place goes to a new construction, upper-level apartment at The Pierce in Rosslyn. The two-bedroom, two-bath flat with a den and a corner terrace, sold for $3,150,000. That’s $1,376.15 per sq. ft. for the 2,289 square foot apartment. It’s also the third-highest sales price overall.
Unit #95 at the fabulous Westlight in the West End neighborhood takes third place at $1,264.04. The two-bedroom, two-bath residence with a 1,602 square foot layout sold for $2,025,000, with pale wide-plank floors, huge window walls, and an open gourmet white-on-white kitchen with panelized appliances. Unit #202 at 2501 M in the West End had the fourth-highest price per square foot at $1,105.24 and the fifth-highest overall sales price at $2.3 million. The 2,081 square foot apartment is modern and minimalist, with an open, airy ambience augmented by wide expanses of floor-to-ceiling windows.
Next up is Unit #4C at Wardman Tower. The iconic landmark in Woodley Park was built by Harry Wardman in 1928 and recently had a top-to-bottom overhaul from Deborah Berke Partners. This particular three-bedroom, 3.5-bath residence with 4,648 square feet of living space was then further decorated by Darryl Carter for a unique look. The $4.5 million sale was the second-highest overall condo price for April, with the fifth-highest amount per sq. ft. at $968.16. Closing out the category is Unit #709 at CityCenterDC in Mount Vernon Triangle. The one-bedroom, one-bath south-facing flat with a Foster + Partners designed kitchen and 717 square feet of living space sold for $680,000, or $948.40 per square foot.
April, 2022 Highest Price New Listings
The month of April delivered some spectacular new condo and cooperative listings in the Washington, DC area. Topping the highest priced leaderboard is Unit #PH-4 at the legendary Wardman Tower in Woodley Park. Offered at $5,750,000, the three-bedroom, 3.5-bath penthouse has 4,527 square feet of along with a private roof top terrace. This is one of only four penthouses at the landmark building, originally delivered in 1920 by Harry Wardman and recently renovated by Deborah Berke Partners. Second place goes to Unit #5G at 3303 Water Street in Georgetown. Listed at $4,495,000, the two-bedroom, 2.5-bath penthouse with river views has been fully remodeled at a cost of over $1 million. An extremely modern and sleek gourmet kitchen features Boffi cabinetry, Italian Silestone quartz counters, panelized Miele appliances, and a Gaggenau wine fridge.
Coming in third is Unit #502 at the venerable Watergate in Foggy Bottom. Priced at $3,799,900, the four bedroom, 3.5-bath coop with 3,678 square feet of interior space has been completely reimagined by Robert Gurney, from two combined corner units. The result is a pristine modern showcase residence that is worthy of a magazine cover. In addition, an elongated private terrace with exquisite river views wraps the perimeter from virtually every room. Fourth place goes to Unit #508 at Tenley Hill in Friendship Heights. The 4,150 square foot penthouse includes three levels of living space, an elevator, and a 1,000 square foot landscaped terrace. It was listed at $2.850,000 before going under contract. The stunning residence with four bedrooms, three full, and two half baths, received a $1 million renovation from Shinberg Lewis.
Coming in fifth is Unit #1901 at the new Pierce luxury building in Arlington’s Rosslyn neighborhood. With an asking price of $2,800,000, the two-bedroom, two-bath new construction apartment has an open and spacious 2,289 square foot layout, direct elevator access, and a large private corner terrace. Our final honoree is Unit #2004 at Turnberry Tower in Rosslyn. Priced at $2,675,000, the spectacular penthouse offers an expansive 2,650 square foot layout, two primary suites plus a den/third bedroom, each of which have ensuite baths. A private elevator and expansive balcony with sunset views over the river, add to the luxury package.