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Febuary, 2023 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
The iconic Watergate in Foggy Bottom leads the list of most units sold in February with a robust five transactions. While none of these closings were particularly extravagant in price, there were some value highlights, such as Unit #1108. The one-bedroom co-op apartment sold for $840,000 but the direct views of the Potomac River are absolutely priceless. Coming in a close second with four closings is City Center in Mount Vernon Triangle. Likened to a modern day Rockefeller by the New York Times, the downtown DC mixed-use community covers five city blocks and features condo towers, offices, a hotel, over 40 upscale retailers and restaurants, and a 1.5-acre park. Of the four transactions, Unit #1101 sold for $2,650,000 which is the third highest sale for the month for all buildings in the DC Metro area.
There were four buildings with two sales each: 2020 Lofts in the U Street Corridor, 525 Water Street in Georgetown, Lofts 14 in Logan Circle, and Metropole, also in Logan Circle. Unit #416 at Lofts 14 captured the month’s highest list-to-sale ratio, listing for $616,000 and closing at $639,000 or 103.90 percent of asking. Unit #412 at 525 Water Street nabbed the fifth-highest price per square foot. The 1,267 square foot penthouse with two bedrooms, two baths, and water views, sold for $1,325,000 or $1,045.78 per sq. foot.
There were no fewer than six buildings with one sale each: 1661 Crescent Place in Adams Morgan, 555 Mass in Mount Vernon Triangle, Amaris in the Southwest Waterfront, 2501 M in the West End, The Columbia in the West End, and Ritz-Carlton West End. There are two huge standouts in this final list. Unit #901 at Amaris at The Wharf blew everyone out of the water with the month’s highest sale at $6,552,500. That residence with its Washington Channel views was followed by Unit #PH3E with the month’s second-highest sale at $5 million. The spectacular two-level penthouse has over 5,100 square feet of living space, as well as an incredible private roof deck.
Highest Sales Prices
Taking top honors in the highest sales category, as well as the price per square foot, is Unit #901 at the brand new Amaris in Washington’s Southwest Waterfront. The 3,430 sq. ft. residence with three bedrooms 4.5 baths sold for a stunning $6,552,500 which equals $1,910.35 per square foot. Amaris is perched right at The Wharf with incredible views of the Washington Channel and the Potomac River. This apartment hit the market with no public fanfare or photos, selling quietly and discretely but certainly causing some ripples with its price. Second place goes to a residence that would have topped the charts most other months of the year. Unit #PH3E at the full service Ritz-Carlton West End closed at $5,000,000. The spectacular penthouse has over 5,100 square feet of living space spread out over two levels, along with an incredible private roof deck that adds even more room for entertainment. Other features include three bedrooms, 5.5 baths, a private gym, and loft space.
Unit #1101 at City Center in Mount Vernon Triangle captures third place with an impressive $2,650,000 sale. The 2,676 square foot wraparound penthouse has massive walls of windows, two bedrooms, 2.5 baths, 12-foot ceilings, and an extended balcony. Fourth place goes to Unit #1204 at Somerset House in Chevy Chase. The three-bedroom, three-bath home with nearly 2,500 square feet of elegantly appointed space sold for $2,200,000. Somerset House is comprised of three luxury condo towers within the gated Parc Somerset community with a 24-hour security and guarded gatehouse, plus a central three-story sports complex that includes both indoor and outdoor swimming pools, tennis, and much more.
Unit #31 at Dumbarton Place in Dupont Circle closed at $1,865,000. The two-bedroom, 2.5-bath corner residence with 1,803 square feet of space boasts a year-round glass-enclosed solarium with retractable doors, accessible from both the living room and master bedroom suite. Closing out the list is Unit #212 at 2501 M in the West End. The stylish modern flat with two bedrooms, 2.5 baths, 1,340 sq. ft. of living space, and a huge terrace, sold for $1,750,000.
Highest Sales Price to List Ratio
Topping the list-to-sale ratio for February is Unit #416 at Lofts 14 in Logan Circle. The one-bedroom, one-bath residence with a lofted den is located inside a former auto showroom building. The industrial chic unit with its exposed ductwork listed for $616,000 before selling for $639,000, equaling 103.90 percent of the asking price. Second place goes to Unit #112W at the Lofts at Union Row in the U Street Corridor. The coveted two-bedroom, two-bath end unit with sunny exposures on three sides listed at the very end of January for $799,000 and went under contract just two days later, ultimately closing at $810,000 or 101.38 percent of list.
Unit #1116 at City Vista in Mount Vernon Triangle comes in third, listing for $839,000 and selling for $850,000 (101.31 percent). The two-bedroom, two-bath apartment has an open layout with true floor-to-ceiling windows and superb cityscape views from the balcony. Fourth place goes to Unit #420 at The Whitman in Mount Vernon Triangle. The handsome apartment with two bedrooms, two baths, and 1,151 square feet of living space sold for $780,000 which translates to 100.66 percent of the original list price of $774,900.
Placing fifth in the list to sales category is Unit #808 at the popular Solo Piazza in Logan Circle. The sun-filled residence with two bedrooms, two baths, 1,140 sq. ft. of space, huge window walls, and a fun corner terrace, listed for $825,000 and sold for $825,800 (100.10 percent). Closing out the category is Unit #741 at the historic Columbia in Washington’s West End neighborhood. The spectacular corner residence listed on the first day of February and closed later in the month for the full asking price of $1,395,000. The 1,301 square foot home has two bedrooms, two baths, and two private balconies.
Highest Prices Per Square Foot
The winner of February’s highest price per square foot contest is Unit #901 at Amaris in the Southwest Waterfront. The brand new 3,430 square foot apartment with three bedrooms and 4.5 baths also nabs the highest overall sales price, closing at $6,552,500 which equals a very robust $1,910.35 per square foot. The building with its cold-warped glass façade is part of Washington’s newest waterfront destination place, The Wharf. Second place goes to Unit #212 at 2501 M in the West End neighborhood. The 1,340 square foot flat with two bedrooms and 2.5 baths was also the sixth-highest overall sale, closing at $1,750,000 which equals $1,305.97 per square foot. Among the many features is a huge private terrace with plenty of room for entertaining.
Unit #741 at The Columbia in the West End had the third-highest price per square foot at $1,072.35 and was also the sixth highest in the list to sales category, selling for the full asking price of $1,395,000. The Columbia was formerly a world-renowned women’s hospital with roots dating back to the Civil War. Today, the highly popular condo community offers tons of amenities, including an on-site Trader Joe’s. Unit #31 at Dumbarton Place in Dupont Circle captures the fourth highest price per square foot at $1,062.07 as well as the fifth highest overall sales price at $1,865,000. The two-bedroom, 2.5-bath apartment offers 1,803 square feet of living space, as well as a glass enclosed solarium.
Unit #412 at 525 Water Street in Georgetown has the fifth highest price per square foot at $1,045.78. The open and airy two-bedroom apartment with 1,267 sq, feet of interior space sold for $1,325,000, with stairs leading up to the most extraordinary roof-level private deck with views of the Potomac. Unit #97 at Westlight in the West End is our final honoree. The very modern two-bedroom, two-bath apartment with a glossy white Euro-style kitchen and 1,212 sq. ft. of living space, sold for $1,210,000, or $998.35 per square foot.
Febuary 2023 Highest Price New Listings
There was a full crop of very impressive new listings in February, topped by Unit #2901 at the Waterview in Rosslyn. Priced at $7,400,000, the custom built penthouse has three bedrooms, three full baths, two half baths, and three egresses. Stunning views of the Potomac River, Key Bridge, Theodore Roosevelt Island, and Georgetown are on full display from the 4,715 square foot apartment. Not far behind in price is Unit #3C at the Ritz-Carlton Georgetown. Listed at $6,950,000, the four-bedroom, 5.5-bath residence with 4,638 square feet of elegant living space offers amazing river, cityscape, and monument views.
Third place goes to Unit #901 at Amaris in DC’s Southwest Waterfront. This new construction apartment at The Wharf listed and sold in the same month, closing at $6,552,500. With three bedrooms and 4.5 baths, the residence with its Washington Channel views is part of the building’s bold and modern architectural cold-warped glass design. It’s a return to the Ritz-Carlton Georgetown for fourth place, with Unit #3F still available at $5,800,000. The three-bedroom, 4.5-bath luxury condo with 3,890 square feet of living space keeps the string going with its lovely Potomac River vistas. The interior is a picture of white-on-white modernity, with pale hardwood floors, full height built-ins, and a showcase kitchen with panelized appliances.
Unit #PH-D at the legendary Wardman Tower in Woodley Park is the last available eighth-floor penthouse with a private rooftop terrace. Offered at $5,500,000, this exquisite 4,527 square foot home in the sky with three bedrooms and 3.5 baths, features six-inch wide Admonter oaks floors, a library with fireplace, and a gorgeous kitchen with Henrybuilt cabinetry, Thermador appliances, Pentalquartz coastal gray counters, and a Danby Royal marble backsplash. There are multiple balconies, plus spiral stairs leading up to the rooftop terrace. Closing out our list is another impressive Ritz-Carlton Georgetown residence. Unit #PH1F is a four-bedroom penthouse with 3.5 bath and nearly 4,000 square feet of sublime living space. Listed at $4,995,000, the apartment has Brazilian cherry herringbone floors, giant windows, a handsome library, a marble foyer, and two valet parking spaces.