Nobody has their finger on the pulse of DC Luxury Condo Sales like Life At The Top
October, 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
Topping the number of units sold in October 2022 is The Whitman in Mount Vernon Triangle. This large and very popular condo community is known for its hotel style living with just about every amenity imaginable, including a spectacular rooftop oasis with pool, gas grills, and multiple lounging and dining areas. Among the four sales is Unit #301 with the month’s highest list to sales ratio at 104.94 percent. The lovely two-bedroom flat with two bedrooms and 2.5 baths listed for $729,000 before closing at $765,000. There is a four-way tie for second place, with City Vista in Mount Vernon Triangle, Muse in Old Town Alexandria, Somerset House in Chevy Chase, and The Columbia in the West End each tallying three sales.
Three of the buildings earned additional spotlights. Muse had the highest overall sale with Unit #505 closing at $3,000,000, as well as Unit #601 capturing the top price per square foot at $1,172.37 (total price $1,986,000), and Unit #503 nabbing the sixth-highest list to sales at 101.62 percent (total price $2,068,000). Unit #517 at The Columbia was the fifth-highest sale for the month at $1,534,076 and the third-highest list to sales at 102.61 percent. Unit #1007 at Somerset House was the third-highest overall sale at $1,800,000 while Unit #1002 at the same address captured the sixth-highest price per sq. ft. at $794.06 (total price $1,550,000).
Four buildings tied for third place with two sales each: Chase Point in Friendship Heights, Watergate in Foggy Bottom, The Edgemoor in Bethesda, and Union Row in the U Street Corridor. Of this grouping, the iconic Watergate garnered additional accolades, with the super-sized Unit #101/102 taking home the second-highest sales price as well as the fourth-highest list to sales ratio at 102.27 percent. The 4,235 sq. ft. cooperative with two levels, five bedrooms, and five full and two half-baths, was originally listed at $2,249,000 before closing at $2,300,000. Three buildings had one sale each: 1661 Crescent Place in Adams Morgan, Atrium in Rosslyn, and the ever popular Wooster and Mercer Lofts, also in Rosslyn.
Highest Sales Prices
Top honors in the highest sales price category for October goes to Unit #505 at Muse in Old Town Alexandria. The recently completed building is part of Alexandria’s Art Corridor and is also home to the new Metro Stage Theater. The three-bedroom, 3.5-bath residence with a 2,639 square foot floorplan sold for $3,000,000. It boasts an open layout, wide plank floors, giant windows, and a custom kitchen with panelized appliances. Unit #101/102 at the venerable Watergate in Foggy Bottom captures second place with a $2,300,000 closing. The 4,235 square foot cooperative residence is the result of combining two side-by-side duplexes. With five bedrooms, five full and two half baths, as well as two kitchens, this mid-century modern residence with its giant terrace also had the fourth-highest list to sales ratio at 102.27 percent.
Coming in third, Unit #1007 at Somerset House in Chevy Chase sold for $1,800,000. The luxurious corner residence in the gated Parc Somerset community with its country club style amenities, has two bedrooms, 2.5 baths, a den/library, and 2,441 square feet of sunny living space. The southern exposure allows for glorious sunsets from an expansive private balcony. Fourth place goes to Unit #327 at Gaslight Square in Arlington’s Rosslyn neighborhood. This two-story penthouse with two bedrooms, 2.5 baths, 1,922 sq. ft. of living space and direct elevator access to each level, sold for $1,600,000, also nabbing fourth place in the price per size category at $832.47 per square foot.
Unit #517 at The Columbia in Washington’s West End community takes home fifth place with a closing price of $1,534,076. It is also the third highest in the list to sales contest, at 102.61 percent. Closing out the highest sales prices is Unit #3A at The Carthage in Kalorama. This elegant Beaux Arts building with its distinctive curved façade is listed on the National Register of Historic Places. The 2,000 square foot apartment with two bedrooms and 2.5 baths sold for $1,260,000.
Highest Sales Price to List Ratio
Taking home first place in the list to sales ratio for October is Unit #301 at The Whitman in Mount Vernon Triangle. The two-bedroom condo with 2.5 baths and 1,238 square feet of luxe modern living space listed for $729,000 before being bid up to $765,000, equaling 104.94 percent of the original asking amount. This was one of four closings at the full-service building in October, topping the list of most units sold. Second place in the list to sales category is Unit #4013 at Adagio in Bethesda. The 1,611 square foot apartment with two ensuite bedrooms, a den, and 2.5 baths in old, came to market with an asking price of $875,000 and sold for $900,000, or 102.86 percent. The condo has a private balcony, a big walk-in laundry room, and an owners’ suite with its own interior hallway and dressing room.
Unit #517 at The Columbia in the West End neighborhood takes home third place honors in the list to sales ratio as well as fifth place in the overall sales price. The three-bedroom, 2.5-bath apartment with 1,791 square feet of living space plus a 196 sq. ft. private terrace, listed for $1,495,000 but sold for $1,534,076, or 102.61 percent. Fourth place goes to Unit #101/102 at The Watergate in Foggy Bottom. This double-sized residence with two levels, two kitchens, five bedrooms, five full baths, two partial baths, and an astounding 4,325 square feet of interior space, also has a huge fenced private patio. After listing for $2,249,000, the duplex sold for $2,300,000 or 102.27 percent of asking. It was also the second highest closing for the month for a condo or cooperative.
Fifth place goes to Unit #PH 13 at the Residences at Market Square in Penn Quarter. The one-bedroom, one-bath penthouse may only have 538 square feet of living space but of offers the most magnificent DC and Pennsylvania Avenue views from its private roof level balcony. The flat listed for $519,900 and sold for $530,000 or 101.94 percent. It also had the second highest price per square foot at $985.13. Unit #503 at Muse in Old Town Alexandria closes out the list, selling for $2,068,000 or 101.62 percent of list. The two-bedroom, 2.5-bath apartment has 1,939 sq. ft. of space.
Highest Prices Per Square Foot
Topping the list for the highest price per square foot in October is Unit #601 at Muse in Old Town Alexandria. This was one of three condos sold at the brand new mixed-use development. The 1,694 square foot residence with two bedrooms, 2.5 baths, a den, and two balconies, sold for $1,986,000, translating to $1,172.37 per square foot. Muse is also home to the new offices of The Art League as well as the Metro Stage Theatre. Second place goes to Unit #PH 13 at the Residences at Market Square in Penn Quarter. The recently renovated one-bedroom, one-bath penthouse with just 538 square feet of living space is proof positive that good things can come in small packages. The residence with its open floorplan and tidy gourmet kitchen boasts a wonderful private balcony overlooking Pennsylvania Avenue, affording true Washington power perch views of the July 4 fireworks, the Inaugural Parade and other DC events. It listed for $519,900 and sold for $530,000, equaling $985.13 per sq. ft., and also took fifth place in the list to sales ratio at 101.94 percent of asking.
In third place is Unit #908 at The Columbia in the West End neighborhood. Offered at $1,395,000. The stunning duplex with two bedrooms, two baths, and 1,550 square feet of living space went under contract in just two days, closing at $1.4 million, or $903.23 per square feet. Bonus points for the expansive private rooftop deck. Nabbing fourth place in the size category as well as the fourth highest overall sales price is Unit #327 at Gaslight Square in Rosslyn. The penthouse duplex with private elevator, two bedrooms, 2.5 baths, and 1,922 sq. ft. of living space sold for $1.6 million or $832.47 per square foot.
Fifth place goes to Unit #909 at Solo Piazza in Logan Circle. The one-bedroom, one-bath penthouse with soaring 12 foot ceilings and 748 feet of sublime living space sold for $600,000 or $802.14 per square foot. The sweet pad with its travertine floors also has a curved balcony with skyline views. Closing out the list is Unit #1002 at Somerset House in Chevy Chase. The spacious 1,952 square foot apartment with two bedrooms, 2.5 baths, giant curved window walls and a private terrace sold for $1,550,000 or $794.06 per sq. ft.
October, 2022 Highest Price New Listings
The highest priced new condo listings in October were impressive indeed, befitting the Life at the Top credo. Topping the bunch is Unit #PH-5 at The Elliot, a brand-new luxury boutique building in the heart of Georgetown. Offered at $7,750,000, the 3,527 square foot penthouse with three bedrooms and 3.5 baths is one of five residences at this new address, with just one per floor and private elevator service for each. White Italian oak flooring, a Snaidero Italian designer kitchen, wide open spaces, and stunning baths are a few of the high-end touches. A private roof deck offers magnificent skyline views. Second place goes to Unit #PH3A at the Ritz-Carlton West End in the West End neighborhood. Listed at $4,500,000, this exquisite corner penthouse features two bedrooms, a den, a family, room, 2.5 baths, and 3,250 square feet of living space. From the brushed stainless steel kitchen to a 2,000 square foot private rooftop terrace, this residence is an entertainer’s dream.
Unit #404 at The Lauren in Bethesda is priced at $3,999,000. The sophisticated residence with a private elevator, three bedrooms, and 3.5 baths, has gorgeous knotty wood floors, giant ceilings, and 3,484 square feet of living space. Bonus points for the den/office, and massive walk-in closets. Heading back to Georgetown, Unit #5H at 3303 Water Street hit the market with an asking price of $3,500,000. The 2,121 square foot flat is super chic with two bedrooms, 2.5 baths, and giant floor-to-ceiling windows offering exquisite views of the Potomac River from every room.
Heading across that same body of water, a new listing at Turnberry Tower in Rosslyn features equally breathtaking river vistas. Unit #1911 is listed at $3,500,000 with two bedrooms, a den, 3.5 baths, and a sprawling 3,278 square foot layout. Huge wraparound windows and an extended private terrace provide the perfect vantage point for those river views. Our final entry is Unit #PH18 at Waterford House in Arlington’s Pentagon City. Offered at $3,495,000, this super expansive penthouse occupies the entire top floor, with breathtaking panoramic views of the Potomac River and all the way across to Washington, DC. The giant 7,300 square foot floorplan includes four bedrooms, four full and two half baths, a stunning two-story wood-paneled library with skylights, and an opulent media room. Also included is four parking spaces.
