Nobody has their finger on the pulse of DC Luxury Condo Sales like Life At The Top
January, 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
Leading the charge with the most local sales in January is The Whitman in Washington, DC’s downtown Mount Vernon Triangle. The popular building with its glorious rooftop swimming pool enjoyed four closings, including the month’s fourth place honoree in the list-to-sales category. Unit #307 with one bedroom, one bath and 788 square feet of living space, sold for $500,000, equaling 100.02 percent of its asking price. Madrigal Lofts, also in Mount Vernon Triangle, had three closings in January. Residents enjoy high ceilings, loft-style layouts, exposed ductwork and huge commercial grade windows that flood the hardwood floors in a warm and natural light.
There were no fewer than nine buildings with two sales each! The lengthy list includes Chase Point in Friendship Heights, City Vista in Mount Vernon Triangle, Somerset House in Chevy Chase, The Watergate in Foggy Bottom, Washington Harbour in Georgetown, Westlight in the West End, and three buildings in the U Street Corridor: 2020 Lofts, The Beauregard, and Union Row. Four of the nine addresses also show up prominently in January’s highest sales awards. Unit #1105/06 at The Watergate was the second-highest sale at $4 million, with Unit #PH101 at Westlight, Unit #501 at Somerset House, and Unit #211 at Washington Harbour, following in third, fourth and fifth place at $3,975,000, $3,350,000 and $3,250,000 respectively.
Closing out our Top 12 for the month is 1745N at Historic Row in Dupont Circle. The stunning development merges a renovated stretch of classic row houses with new modern construction. Unit #213 is the fifth-highest closing in the list-to-sales category, selling for $1.2 million (100.01 percent). Also notable is Unit #103 at The Kalorama in the neighborhood of the same name, with a sales price of $960,000. The two-bedroom, two-bath residence is the first closing at the landmark building since November 26, 2019.
Highest Sales Prices
January ushered in a strong start to the year for luxury condo and co-op sales in the Washington, DC area. Several of highest-priced sales also took additional honors in the price per square foot category. Topping the highest priced sales is Unit #PH1C at the Ritz-Carlton Georgetown. The two-bedroom, 3.5-bath penthouse sold for $5,850,000 after listing for $5,950,000. The spacious 4,638 layout also equals $1,261.32 per sq. ft. for third place in that monthly highlight. Features include a wood-paneled library, a huge gourmet kitchen with custom wood and glass cabinetry, and a private balcony with unobstructed views of the Potomac River. The second-highest sale along with the second-highest price per sq. ft. goes to Unit #1105/06 at the iconic Watergate in the Foggy Bottom neighborhood. With 3,000 sq. ft. of living space, the three-bedroom, 2.5-bath apartment received a complete bare slab renovation with a design from Studio 3877. Gleaming maple hardwoods and a showcase kitchen are part of the allure for the $4 million transaction ($1,333.33 per sq. ft.) but the expansive balcony boasting exquisite views of the Potomac River and the entire Georgetown waterfront is the real topping on the cake.
Unit #PH101 at Westlight in the West End neighborhood has the third-highest sales price and the top price per square foot at $3,975,000 and $1,481.00 respectively. The super-modern flat with its white-on-white 2,684 sq. ft. floorplan has three bedrooms and three full baths, plus a stunning Euro-style kitchen. Fourth place goes to Unit #501 at Somerset House in Chevy Chase. The three-bedroom, 3.5-bath apartment with its elegant black marble foyer, sold for $3,350,000. Highlights include a library with wraparound views, and two balconies.
Coming in fifth is another multi-award winner, Unit #211 at Washington Harbour in Georgetown. The 3,148 square foot penthouse with three bedrooms and five full baths, closed at $3,250,000, with the fourth-highest price per sq. ft. at $1,032.40. Tray ceilings, marble and walnut flooring, and river views from the private terrace are among the many standouts. Closing out the list is Unit #1902 at Turnberry Tower in Arlington’s Rosslyn neighborhood. The stunning 3,278 square foot corner residence with three bedrooms, a den, a private elevator and a sweeping private terrace sold for $3,060,000, and also comes in fifth in the price per sq. ft. contest at $1,004.93.
Highest Sales Price to List Ratio
Leading the way in our Top 6 list of above-asking closings in January is Unit #318 at The Lofts at Adams Morgan, in the perennially popular Adams Morgan neighborhood. The one-bedroom residence with a bonus den and two full baths sold for $615,000 after listing for $570,000. That’s 107.89 percent of asking for the 743 square foot with its soaring raw concrete ceilings, exposed ductwork, huge factory style windows and a private terrace. Second place goes to Unit #304W at the The Flats at Union Row in the trendy U Street Corridor. The 1,418 square foot duplex with three bedrooms and 2.5 baths closed at $1,060,000, or 100.95 percent of its $1,050,000 asking price.
Coming in a close third is Unit #307 at Lofts 14 in Logan Circle. The 863 square foot industrial-chic living space with a loft bedroom and towering ceilings sold for $680,000 (100.74 percent). The building at 1401 Church Street NW was originally an auto showroom before being converted to condos. Fourth place goes to Unit #307 at The Whitman in Mount Vernon Triangle. The one-bedroom, one-bath apartment with 788 square feet of space closed at a clean $500,000 (100.02 percent of asking). Additionally, the modern flat with its blonde hardwood floors and open gourmet kitchen is one of five sales in the building this month, topping the charts in the most units sold category.
Next up is Unit #21 at 1745N at Historic Row in Dupont Circle. With two bedrooms and two baths, the 1,781 square foot residence closed at $1.2 million, which is 100.01 percent of list. The south-facing unit features dark wide-plank floors, exposed white brick walls, and a superb open kitchen with panelized appliances and an extended white quartz prep and dining island. Closing out list-to-sales honors is Unit #501 at The Columbia in the West End neighborhood. The two-bedroom, two-bath condo with its spacious and open 1,200 floorplan, sold for its full asking price of $949,999 (100 percent). The many features include gorgeous hardwood floors throughout, an open gourmet kitchen with Viking and Sub-Zero appliances, and a large private balcony. The popular condo community was the longtime site of the historic Columbia Hospital for Women before being renovated and converted to luxury condos. Among the many amenities is an on-site Trader Joe’s!
Highest Prices Per Square Foot
January’s top price per measurement goes to Unit #PH101 at thoroughly modern Westlight building with its distinctively staggered façade. The three-bedroom, three-bath apartment with 2,684 square feet of living space, sold for $3,975,000, translating to $1,481.00 per sq. ft. The residence with its airy ambience and showcase kitchen was also the third-highest overall closing. The second-highest sale along with the second-highest price per sq. ft. goes to Unit #1105/06 at the legendary Watergate complex in the Foggy Bottom neighborhood nabs both the second-highest price per square foot as well as the second-highest overall closing at $1,333.33 and $4,000,000 respectively. The 3,000 sq. ft. apartment with three bedrooms and 2.5 baths received a complete makeover from Studio 3877 and BOWA Builders. In addition to the stylish form and function, the spacious co-op has a balcony running its entire width, offering breathtaking views of the Potomac River and Georgetown.
The third-highest in the price per square foot was also the highest sale for a condo or co-op in January. Unit #PH1C at the Ritz-Carlton Georgetown is a 4,638 sq. ft. penthouse that closed at $5,850,000 or $1,261.32 per square foot. Among the many features is a private roof level terrace with point-blank views of the river.
The fourth-place winner in the measurement category is also the fifth-highest sales price. Unit #211 at Washington Harbour in Georgetown with 3,148 sq. ft. of living space sold for $3,250,000, equaling $1,032.40 per square foot. The three-bedroom penthouse has five full baths, with all the bells and whistles, including fabulous river views from the balcony. Unit #1902 at Turnberry Tower in the Rosslyn waterfront neighborhood gets the nod for fifth place at $1,004.93. The 3,278 sq. ft. apartment with its private elevator and sweeping private terrace, closed at $3,060,000. The final honor goes to Unit #4M at 22 West in the West End. The 1,571 sq. ft. apartment with two bedrooms, a bonus den and two baths, sold for $1,470,000, or $935.71 per square foot.
January, 2022 Highest Price New Listings
January ushered in impressive new real estate opportunities and correlating fast turnarounds. Taking top list price honors is Life At The Top’s exclusive listing, Unit #PH19B at Somerset House in Chevy Chase. Offered at $4,595,000, the 4,580 square foot penthouse with three large bedroom suites and 4.5 baths has already gone under contract! Highlights include a massive chef’s kitchen, a double living room, formal dining room, library, family room and 2,800 sq. feet of private outdoor space. Unit #PH101 at Westlight in the West End neighborhood earns second place in the highest-priced new listings category, as well as third place in the max sales price. The three-bedroom, three-bath penthouse with a 2,684 square-foot floorplan listed at $3,975,000 and has already sold at its full asking price. The modern penthouse features walls of windows and a wide-open floorplan.
In third place is the first of three listings at 3303 Water Street in Georgetown. Unit #3J is a sleek two-bedroom, 2.5-bath apartment with a total interior makeover that came to market at $3,500,000 and has since received an accepted offer. Among the many features is a private terrace and a home theater system. Fourth place goes to Unit #31 in the same highly desirable Georgetown building, with an asking price of $3,025,000. The three-bedroom, 2.5-bath residence offers 1,966 square feet of living space spread out over two levels, as well as a private brick patio and garden.
Also at this address is our fifth-place entry, Unit #5G. Listed at $2,650,000, the two-bedroom, 2.5-bath apartment with 1,888 square feet of space is another lovely duplex with a private brick terrace/garden. Custom built-ins, a showcase kitchen and marble baths are among the other features. Closing out the list with an asking price of $2,595,000 is Unit #6B at Turnberry Tower in Arlington’s Rosslyn waterfront neighborhood. The 2,449 square-foot residence with three bedrooms and 3.5 baths features a seven-figure remodel, with custom built-ins, a stunning gourmet kitchen with panelized stainless steel appliances, wall treatments, and a large private balcony.