Nobody has their finger on the pulse of DC Luxury Condo Sales like Life At The Top
December, 2022 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
Once again, the legendary Watergate in Foggy Bottom led the way with the number of sales, this time a whopping six in all. Among the closings at the mid-century modern cooperative complex are multiple standouts in additional categories. Unit #502 with four bedrooms, 3.5 baths and river views claimed the second highest sale for the month at $3,550,000. Unit #407 had the fourth highest list-to-sales ratio, closing at full price for $750,000. And Unit #1118 took fourth place in the price per size sweepstakes, selling for $1,939,000 which equals $1,016.25 per square foot. The new Pierce condominium in Rosslyn had an impressive four sales in December, including Unit #1101 with the fourth highest sales price for the month at $2,374,500. This beautiful three-bedroom, 2.5-bath apartment with 2,411 sq. ft. of living space also captured fifth place in the size category at $984.86 per square foot.
The very upscale Somerset House at the gated Parc Somerset community in Chevy Chase delivered two sales in December, including Unit #302. This spacious 3,400 sq. ft. B Floorplan with two bedrooms, 3.5 baths, a formal library, and two balconies, had the third highest closing at $3,546,000, the second highest list-to-sales at 100 percent, and the third highest price per square foot at $1,042.94.
There were no fewer than nine of our favorite buildings that each notched one sale in December: 1745 N in Dupont Circle, 2501 M in the West End, 3303 Water Street in Georgetown, 555 Mass in Mount Vernon Triangle, Bryan School Lofts on Capitol Hill, 2501 M in the West End, The Columbia in the West End, Ritz-Carlton West End, Waterview in Rosslyn, and Wooster & Mercer, also in Rosslyn. Among the standouts in that lengthy list is Unit #5K at the desirable 3303 Water Street in Georgetown. The 900 square foot condo with one bedroom and one bath, had a very sturdy sales price of $1,050,000. Location is key, just steps from Georgetown Waterfront Park. The views are also incredible from floor-to-ceiling windows, including the Washington Monument, the Potomac River, and Roosevelt Island.
Highest Sales Prices
Taking top honors in the highest sales price category for December is Unit #106 at Washington Harbour in Georgetown. The 4,200 square foot residence in one of Washington’s premiere addresses sold for $4,025,000. It has also the sixth highest price per square foot at $958.33. Luxury abounds in this exquisite penthouse with its travertine floors, circular foyer, and over $3 million in updates. There are two bedrooms, a massive living room, dining room, lovely country kitchen, an incredible owners’ suite with separate study, and a showstopping private terrace offering nearly 1,000 sq. ft. of outdoor space including pergola, brick arbor, built-in kitchen, and incredible views of the Potomac River. Second place goes to Unit #502 at The Watergate in Foggy Bottom. The four bedroom, 2.4-bath coop with unobstructed river views has been meticulously redesigned by Robert Gurney, transforming two units into a 3,678 square foot modernist masterpiece that sold for $3,550,000.
Unit #302 at Somerset House at Chevy Chase’s gated Parc Somerset community not only takes the third highest sales price at $3,536,000, it also captures third place in the price per square foot category at $1,042.94, and second place in the list-to-sales at 100 percent. The elegant 3,400 square foot apartment offers a living room with fireplace, a huge formal dining room, a handsome library, and two balconies. The fourth highest sales price belongs to Unit #1101 at the brand new Pierce condominium in Rosslyn. The 2,411 square foot luxe flat with three bedrooms and 2.5 baths sold for $2,374,500; it was also the fifth highest price per square foot at $984.86. The 27-story Pierce building with its resort-style amenities is in the final stages of completion and is part of a larger mixed-use community development known as The Highlands.
Taking fifth place honors is Unit #508 at 1745 N in Dupont Circle. The 2,449 square foot penthouse with three bedrooms and 3.5 baths is part of Historic Row, a development combining old historic rowhouses and new building additions. The residence sold for $2,275,000. Closing out the list is Unit #522 at The Signet in McLean. The bright and airy three-bedroom, three-bath condo with 2,281 square feet of living space sold for $1,750,000.
Highest Sales Price to List Ratio
Topping the charts in December’s list to sales category is Unit #12 at Rainbow Lofts in Logan Circle. This one-bedroom, one-bath residence with 783 square feet of living space listed for $599,995 and closed at $631,800 for a whopping 105.30 percent of list. Exposed brick walls, overhead ductwork, a high-end kitchen, and sliding metal grill doors to the bedroom all contribute to the hipster vibe in the former auto body and paint warehouse. Unit #302 at Somerset House in Chevy Chase not only captured second place in the list to sales ratio, but third place as well in the highest priced category and third place in the price per size sweepstakes. The roomy 3,400 sq. ft. layout features two bedrooms, a library, and 3.5 baths, closing at the full asking price of $3,536,000, translating to $1,042.94 per square foot.
Third place goes to Unit #1232 at The Lafayette in Penn Quarter. The one-bedroom, one-bath apartment with 810 square feet of space and a nice open layout, originally list at $495,000 but was actually raised in price to $500,000 before selling for the full amount. A covered balcony offers sweeping cityscape views. Unit #407 at the venerable Watergate in Foggy Bottom takes fourth place, closing at the full asking price of $750,000. The two-bedroom, 2.5-bath cooperative has a very spacious 1,880 square foot layout with vintage parquet floors, and an extra-wide balcony providing views of the Potomac River.
Next up is Unit #208 at Kalorama Lofts in Adams Morgan. This one-bedroom, one-bath condo makes the most of its 800 square foot floorplan, with an airy and open feel, extra-high ceilings, exposed ductwork, semi-open sleeping quarters, and a customized walk-in closet. It sold for $497,000 after listing for $499,000, an admirable 99.42 percent of the asking price. Closing out this category is Unit #1126 at City Vista in Mount Vernon Triangle. The two-bedroom, two-bath condo on the 11th floor went through multiple price reductions, ultimately listing at $685,000 and selling for $680,000 or 99.27 percent. Features include blonde hardwood floors, massive windows that allow the natural light to pour in, and a gourmet kitchen with all Whirlpool stainless steel appliances.
Highest Prices Per Square Foot
Winner of the highest price per square foot category for December is Unit #5K at a highly coveted address, 3303 Water Street in Georgetown. The one-bedroom, one-bath residence with 900 square feet of living space sold for $1,050,000, translating to a very sturdy $1,166.67 per square foot. The building is right near the new Georgetown Waterfront Park, and the giant windows in the apartment boast unforgettable views of the Potomac River and Roosevelt Island. Second place goes to Unit #604 at the fabulous VIO at The Wharf in Washington’s Southwest Waterfront. Offering sublime views of the Washington Channel and boat slips from its airy terrace, the two-bedroom, two-bath modern flat with 1,084 sq. ft. of interior space sold for $1,200,000 or $1,107.01 per square foot.
Capturing third place is Unit #302 at the coveted Somerset House in Chevy Chase in Maryland, just across the border from Washington, DC. The 3,400 square foot apartment is inside a gated country club-style complex and sold for the full list price of $3,536,000 which equals $1,042.94 per square foot. The elegant residence also took third place honors in the highest overall sales price category. Fourth place goes to Unit #1118 at the iconic Watergate in Foggy Bottom. The three-bedroom corner apartment with 1,908 sq. feet of living space sold for $1,939,000, or $1,016.25 per square foot. Incredible views of the Potomac River, Roosevelt Island, and the pool and the grounds are on full display from giant windows on two sides as well as an incredible wraparound terrace.
Unit #1101 at the new Pierce building in Rosslyn takes home fifth place in the size sweepstakes as well as fourth place in the highest sales price category. The three-bedroom modern condo with 2.5 baths and 2,411 square feet of space sold for $2,374,500 ($984.86 per sq. ft.). Features include a direct access elevator and a corner balcony. Unit #106 at the exclusive Washington Harbour in Georgetown not only has the sixth highest price per sq. ft., it also took top honors in the overall closing price. The lovely 4,200 square foot penthouse with luxurious finishing touches everywhere you look, sold for $4,025,000, or $958.33 per square foot. With over $3 million in updates, circular room shapes, and an outstanding private roof deck with unmatched river vistas, this is a great example of Life at the Top!
December, 2022 Highest Price New Listings
The year ended with a flurry of new upper level market activity. The highest priced new listing is Unit #717 at 2501 M in the West End neighborhood. Offered at $4,500,000, the two-bedroom, 3.5-bath penthouse duplex is the result of combining two residences over two levels. With a 3,500 square foot floorplan, in-unit elevator, library, and two balconies, this condo is truly special. Second place goes to Unit #401 at the new Amaris building at The Wharf in the Southwest Waterfront. The three-bedroom flat with 3.5 baths and 2,485 sq. ft. of space listed for $3,975,000 and quickly went under contract, selling for full price.
A lovely four-story residence at the Kalorama Square townhome community in Kalorama came to market with an asking price of $3,795,000. With four bedrooms, four full baths and three half baths, this lovely end unit with its Federal-style architecture boasts 5,097 square feet of luxurious living space. A private back yard adds to the allure. Fourth place goes to Unit #302 at Somerset House in Chevy Chase, with two bedrooms, 3.5 baths, a formal library, and two balconies. This renovated 3,400 square foot apartment listed for $3,546,000 and sold just two days later for full price!
It's back to The Wharf and the ultra-modern VIO for fifth place. Unit #509 features breathtaking panoramic views of the Washington Channel and is being offered at $3,499,000. The three-bedroom corner condo with three bedrooms, 2.5 baths, and 1,985 square feet of space has giant floor-to-ceiling windows, a private terrace, and a sublime Euro-style gourmet kitchen that fits seamlessly along one wall. We remain at the waterfront for our final listing, Unit #703 at Amaris. Once again, it’s a case of a new high-priced offering that was scooped up quickly. The three-bedroom flat with 3.5 baths and 1,835 sq. ft. of space sold for $2,781,300. Amaris with its dramatically twisting glass façade is part of The Wharf’s second stage and is perched on the promenade, right next to boat slips, shops, and restaurants.