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March, 2022 DC Penthouse and Luxury Condo Marketing Activity Report
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Most Units Sold
Leading the way in sales volume sold in March, is the perennially popular Madrigal Lofts in Mount Vernon Triangle with four closings. Three of the four transactions at the downtown building were at full price or over-asking with one a touch below list. The largest floorplan was Unit #605 with two bedrooms, two baths, 1,074 sq. ft. of space, and a fun balcony. It sold for $677,000 after listing for $675,000.
There were three buildings with three sales each: The Bower at The Yards in Southwest DC, Turnberry Tower in Arlington’s Rosslyn neighborhood, and a href="https://lifeatthetop.com/recent-sales-flatsatunionrow" title="Click to view all recent sales at Union Row" target="_blank" rel="noopener">Union Row in the U Street Corridor. The Bower is a recently delivered luxury tower from prolific developer PN Hoffman, located in a new waterfront community known as The Yards, which is an offshoot of the Navy Yard neighborhood. Among The Bower’s March sales is Unit #715, a two-bedroom, two-bath flat that closed at the full asking price of $955,000. Turnberry Tower boasted the fourth-highest sale for the month, with Unit #2311 bringing in $3,175,000. Union Row’s three sales were all at full or over-asking, including the building’s top sale of the month, Unit #230 at $730,000.
There were no fewer than eight buildings with two sales each in March. They are: 3303 Water Street in Georgetown, 555 Mass as well as The Whitman in Mount Vernon Triangle, Chase Point as well as Somerset House in Chevy Chase, Clara Barton in Penn Quarter, Hampden Square in Bethesda, and The Floridian in the U Street Corridor. There are a couple of real standouts within this extensive grouping. Unit #3J at 3303 Water Street near the Potomac River in Georgetown was the third-highest sale of the month at $3,350,000 as well as the second-highest price per square foot at $1,519.96. The two-level masterpiece of interior design is truly spectacular. Unit #PH18F at Somerset House was the second-highest in the list-to-sales category, selling for $1,615,000 after listing for $1,550,000 (104.19 percent of asking). Also notable is Unit #153 at Quarry Springs in Bethesda. This was the first sale at the luxury townhouse community since November 30, 2020. The three-bedroom, 3.5-bath residence with 3,689 square feet of upscale living space, listed for $2,397,000 and closed at $2,225,000.
Highest Sales Prices
The winner of the highest-priced sales contest for March is Unit #7B at the legendary Wardman Tower in Woodley Park. The three-bedroom residence sold for $4,500,000 and has 4,506 square feet of exquisite living space. Features include a gallery, huge living room, formal dining room, library/family room, showcase kitchen, and an incredible owners’ suite with not one but two ensuite baths with wall-to-wall marble. Unit #73 at the highly modern Westlight in the West End neighborhood had the second-highest sale and the third-highest price per square foot. The 2,857 sq. ft. flat with three bedrooms and 3.5 baths, sold for $3,995,000 ($1,398.32 per sq. ft.). The apartment is a study in minimalist luxury, with massive window walls, and a stunning white-on-white kitchen with all appliances seamlessly recessed into cubist cabinetry.
Third place goes to Unit #3J at 3303 Water Street in Georgetown. The $3,350,000 closing also translates to second place in the price per size category, at $1,519.96 per square foot. The two-story residence with two bedrooms, a den. 2.5 baths and a private terrace was impeccably renovated by Taylor Deering of Spaced Out Design, with stunning wall treatments by Phillip Jeffries and Hermes. Unit #2311 at Turnberry Tower in Rosslyn nabs fourth place with its $3,175,00 sales price. The remodeled penthouse offers three bedrooms, 3.5 baths and a 3,300 square foot layout. The views of the Potomac River from the sweeping balcony are magnificent, while the corner owners’ suite with its’ marble spa bath and giant dressing room, also impresses.
Fifth place goes to Unit #609 at VIO, at District Wharf in the Southwest Waterfront. The three-bedroom, 2.5-bath flat with 1,985 square feet of luxurious living space overlooks the Washington Channel, and sold for $3,150,000, while also nabbing top honors in the price per square foot category at $1,586.90. The sixth-highest sales price was also the fourth-highest price per square foot; $3,140,000 and $1,371.78 respectively for Unit #2401 at the brand-new Pierce condominium in Rosslyn, with two bedrooms, 2.5 baths and 2,289 square feet of living space.
Highest Sales Price to List Ratio
Topping the highest list to sales price category in March is Unit #434 at The Lafayette in Penn Quarter. The one-bedroom apartment with one bath and 680 square feet of living space listed for $415,000 and closed at $435,000, equaling 104.82 percent of asking. The Lafayette with its landscaped roof deck with swimming pool, is connected to its sister building, the Clara Barton. Coming in a close second is Unit #PH18F at Somerset House in Chevy Chase. The two-bedroom penthouse with two bedrooms, a den, 2.5 baths and a spectacular wraparound balcony, sold for $1,615,000 after listing for $1,550,000 (104.19 percent).
Third place goes to Unit #1406 at Lofts 14 in Logan Circle. With one bedroom, one bath and 895 sq. ft. of space, this industrial-chic residence looks a lot bigger than its specs would indicate, with exposed brick walls and overhead duct work, a loft-style, semi-open bedroom, and stunning wood floors. It closed at $705,000 after listing for $685,000, translating to 102.92 percent. In fourth place is Unit #409 at The Metro, also in Logan Circle. The two-bedroom, two-bath condo with 975 square feet of living space and a large private balcony, has been recently renovated, including a super modern open kitchen with marble counters and backsplash. The trendy residence sold for $900,000 after listing for $874,900 (102.87 percent).
Unit #311 at Kalorama Lofts in the Kalorama neighborhood takes fifth place honors, selling for a cool $1 million, 102.56 percent of its original $975,000 asking price. The unique 1,454 square foot half-moon layout offers both south and west-facing windows, a renovated kitchen with maple cabinetry and waterfall quartz counters, plus two bedrooms and two baths. Sixth place goes to Unit #Y30 at the sublime Yale Steam Laundry in Mount Vernon Triangle. The one-bedroom, one-bath condo with 1,222 square feet of space, looks like an art gallery with an extremely long and open layout, incorporating soaring ceilings, exposed white brick walls on three sides, and an open kitchen built into modern full-height wooden cabinetry on the other side. It sold for $745,000 after listing for $730,000 (102.05 percent).
Highest Prices Per Square Foot
Top honors for the highest price per square foot in March go to Unit #609 at VIO in the Southwest Waterfront. The 1,985 square foot flat with three bedrooms and 2.5 baths sold for $3,150,000 (the fifth highest overall sale), translating to $1,586.90 per square foot. VIO is perfectly located at The Wharf, aka District Wharf, the new waterfront development from Hoffman & Associates and Madison Marquette. Coming in a close second is Unit #3J at 3303 Water Street in Georgetown. The two-level showcase modern residence with major renovations from Taylor Deering of Spaced Out Design, has 2,204 sq. ft. of living space and sold for $3,350,000 (third-highest sale for the month), translating to $1,518.96 per square foot.
Unit #73 at the Westlight in the West End neighborhood had the third-highest price per sq. foot at $1,398.32 and the second-highest sale at $3,995,000. The three-bedroom, 3.5-bath apartment has a 2,857 square foot floorplan, and a very modern white-on-white ambience, including a true showstopper kitchen with panelized appliances. Fourth place goes to Unit #2401 at the new construction Pierce building in Arlington’s Rosslyn neighborhood. The two-bedroom, 2.5-bath apartment has 2,289 sq. ft. of living space and closed at $3,140,000, translating to $1,371.78 per square foot. This was also the third-highest condo sale for March.
Unit #T-10 at 2501 M in the West End neighborhood takes fifth place, selling for $2,350,000 which translates to $1,275.79 per sq. ft. for the two-bedroom, 2.5-bath apartment with 1,842 square feet of contemporary living space. Our final nod in this category goes to Unit #2507 at Verse in Virginia’s McLean community. Verse is part of the new expansion that brings the Tysons and McLean neighborhoods together. This particular residence is the largest of the three penthouses at Verse, with two luxury bedroom suites and 2.5 baths. The 2,456 square foot apartment sold for $2,800,000 ($1,140.07 per sq. ft.), and features a long balcony connecting the two bedrooms, as well as an incredible private roof-level terrace.
March, 2022 Highest Price New Listings
The month of March ushered in some legitimate real estate eye candy in the DC Metro area. The priciest of the newly listed condos is Unit #2901 at The Waterview in Arlington’s Rosslyn waterfront neighborhood. Offering 4,715 square feet of luxurious living space, the three-bedroom flat is offered at $7,950,000. Included are three full and two-half-baths, white oak rift and quartered custom colored floors, and stunning views of the Potomac River from every room. Coming in an extremely closed second, is Unit #93 at the modern Westlight in Washington’s West End, listed at $7,900,000. The upper level residence with three bedrooms and 3.5 baths is being sold furnished and was designed by Jose Solis Betancourt with state-of-the-art features and exquisite custom wall treatments.
Third place goes to Unit #PH43A at the Ritz-Carlton West End. Offered at $5,495,000, the bespoke two-level penthouse corner unit has 3,200 square feet of living space plus an additional 2,000 square foot private terrace with a hot tub and incredible views. Staying in the West End neighborhood, Unit #717 at 2501M is listed at $5,000,000. The two-level penthouse spans approximately 3,500 square feet of living space, with ``-foot ceilings, walls of glass with panoramic views, three fireplaces, a spacious library with floor-to-ceiling wooden built-ins, and a private in-unit elevator.
Unit #PH2B at 2501 Pennsylvania is a 4,500 square foot penthouse in the West End neighborhood, inside a luxury condo conversion of the old 19th century Luzon office building. Listed at $4,875,000, the two-level residence with three bedrooms, 3.5-baths and a private elevator has been curated by notable designer Barry Dixon and is a picture of refined elegance. Our final entry is another showstopper, Unit #7C at the iconic Wardman Tower in Woodley Park. Listed at $4,750,000, the three-bedroom, 3.5-bath apartment with 4,648 square feet of space, is already under contract. Built by Harry Wardman in the 1920s, the landmark structure was more recently reimagined by Deborah Berke Partners. This unit was designed by Darryl Carter, with a modern layout that incorporates classic Old World charm, including gleaming herringbone six-inch wide Admonter wood floors, custom millwork, and a glorious eat-in kitchen with Henrybuilt cabinetry, Thermador appliances, Pentalquartz counters, and a Danby Royal marble backsplash.