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DC Luxury Condo Sales like Life At The Top
November, 2019 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 way with four units sold in November was Somerset House in Friendship Heights. The luxury building at the gated Parc Somerset community represents the epitome of "country club" style living. Sales in November ranged from $770,000 for a roomy one-bedroom flat to $3,715,000 for a luxurious 3-bedroom, 4-bath residence with a 3,623 square foot floorplan that translates to a very sturdy $1,025 per square foot. Two buildings are tied for second place with three sales each: The Columbia in the West End and The Pennsylvania in Penn Quarter. Of the three closings at the Columbia, the most expensive was Unit #623, a luxurious corner penthouse with 3-bedrooms, 2.5-baths and a private roof deck accessible by spiral stairs. Listed at $1,490,000, the residence closed at $1,505,000. The Pennsylvania’s closings were all one-bedroom units, ranging from $403,000 to $462,000.
Five buildings tied for third place with two sales each. They are: Lionsgate in Bethesda, Northumberland in Dupont Circle, Solo Piazza in Logan Circle, Union Row in the U Street Corridor and the Ritz-Carlton Georgetown in Georgetown. It is worth noting that the two sales at the Ritz-Carlton Georgetown include Unit #PH2D, the highest priced sale in November at a whopping $6.5 million as well as the month’s highest list price, Unit #2F, which already closed at full price at $4,250,000.
Closing out this section are five buildings with at least one closing each: Chase Point in Chevy Chase, the Chinese Embassy in Dupont Circle, Clara Barton in Penn Quarter, Lofts 14 in Logan Circle and Dumbarton Place in Dupont Circle. Unit #31 at Dumbarton Place is a beautifully renovated 2-bedroom, 2.5-bath apartment with a sunroom that listed for $1,599,900 and closed at an even $1.6 million, making it one of the highest sales of the month.
Highest Sales Prices
The priciest condominium sales price in the Washington Metro area for November goes to Unit #PH2D at the Ritz-Carlton Georgetown in Georgetown. Listed at $6,900,000, the super spacious penthouse with 4,413 square feet of living space sold for $6,500,000. The residence also had the highest price per square foot in November at $1,472.92 per square foot. With 4-bedrooms, 4.5-baths, Brazilian Cherry herringbone floors and 11-foot ceilings, this fabulous city home also features multiple private terraces and prime views of the Potomac River and the Washington, DC monument. Coming in second is Unit #TS01 at Turnberry Tower in the Rosslyn waterfront neighborhood, directly across the river from Georgetown. The spectacular tower suite penthouse listed for $4,995,000 and closed at $4,750,000. Renovated by noted architect Salo Levinas, the 4,447 square foot apartment has as master bath larger than some apartments, as well as private terraces offering stunning views of the Potomac River and beyond.
The third-highest sale in November goes to Unit #901 at Somerset House at the gated Parc Somerset community in Friendship Heights. The 3-bedroom, 4-bath residence was listed at $3,875,000 and sold for $3,715,000. With 3,623 square feet of living space, the elegant apartment also holds the sixth-highest price per square foot in November. In fourth place is Unit #709 at the fabulous new VIO at The Wharf—the Southwest Waterfront’s new “live, work and play” community. The ultra-modern 3-bedroom, 2.5-bath flat listed for $2,995,000 and sold for $2,850,000. The corner unit has private elevator access, blonde hardwood floors, a sleek open kitchen, walls of towering windows and a wraparound balcony featuring point-blank views of the Washington Channel and the boat slips below.
Unit #4 at the Wormley School in Georgetown was priced at $2,899,000 and closed at $2,800,000. The 2-bedroom, 2-bath plus office residence is a sublime example of melding modern white-on-white interior design with a historic schoolhouse building. From its completely open and recessed cooking space to designer baths and a private outdoor terrace, this apartment is magazine cover worthy. In sixth place is Unit #31 at Dumbarton Place in Dupont Circle. The lovely 2-bedroom, 2.5-bath apartment with diagonally laid hardwood floors and 1,756 square feet of living space listed for $1,599,000 and closed at an even $1.6 million. Also notable is the first sale at Woodley Wardman in Woodley Park since December 18, 2018. Unit #PH-2 is a 2-bedroom, 2.5-bath two-story penthouse with 1,400 square feet of living space. After listing for $1,200,000, the residence sold for $1,100,000. Features include wide-plank hardwood floors, an open modern kitchen, window walls and multiple private outdoor spaces including a roof deck.
Highest Sales Price to List Ratio
The highest sales-to-list ratio in November was Unit #934 at The Lafayette in Penn Quarter. The 1-bedroom, 1-bath flat with 680 square feet of space is nicely laid out with an open floorplan, including a modern kitchen set into a single wall with upscale stainless steel appliances, black marble counters and custom cabinets. Priced at $449,900, the condo sold for $471,000 or 104.69% of list. Coming in a close second is Unit #404 at The Kalorama, a grand historic building in the affluent neighborhood of the same name. The elegant 2-bedroom, 2-bath apartment has a spacious 1,351 square feet of living space and overlooks Kalorama Park. The condo sold for $1.2 million, or 104.24% of list. In third place is Unit #812 at The Pennsylvania in Penn Quarter. The 1-bedroom, 1.5-bath condo has 704 square feet of space, an open layout, gleaming hardwood floors, an open kitchen with stainless steel appliances and a large outdoor terrace. After listing for $445,000, the flat sold for $462,000, translating to a sturdy 103.82% of asking.
Unit #1006 at Yale Steam Laundry in the Mount Vernon Triangle listed for $499,000 and sold for $505,000 or 101.20% of its asking price. The 1-bedroom, 1-bath apartment in the historic former laundry building has a bright and open design with blonde hardwoods, high ceilings, oversized windows and a modern open kitchen. Unit #623 at The Columbia in the West End neighborhood listed for $1,490,000 before closing at $1,505,000, 101.01% of list. The fabulous penthouse duplex features 3-bedrooms, 2.5-baths and multiple private outdoor spaces, including a roof deck.
Our final entry in November’s highest list-to-sales sweepstakes belongs to Unit #413 at The Metropole in Logan Circle. The tri-level 2-bedroom, 2.5-bath loft has soaring ceilings, two-story windows, exposed overhead ductwork, hardwood floors and a sublime modern kitchen. After listing for $1,189,000, the industrial chic residence sold for an even $1.5 million which is 100.93% of asking.
Highest Prices Per Square Foot
The highest price per square foot honors in November also happens to be the highest priced sale overall. Unit #PH2D at the Ritz-Carlton Georgetown overlooking the Potomac River in Georgetown has an expansive 4,413 square foot floorplan and sold for $6.5 million, translating to a robust $1,472.92 per square foot. The penthouse residence has 4-bedrooms, 4.5-baths and stunning views of the river and landmarks from its large private roof deck. The second place price for per foot as well as sales amount, goes to Unit #709 at VIO at The Wharf in the Southwest Waterfront. With 3-bedrooms and 2.5-baths, the 1,985 square foot flat sold for $2,850,000 or $1,435.77 per square foot. The recently build luxury building is perched right over boats slips, and the corner apartment with private elevator access has giant window walls and a large private balcony boasting incredible views of the Washington Channel.
Third place honors go to Unit #4 at the Wormley School in Georgetown. The modern renovation of a historic schoolhouse classic features 2-bedrooms, 2-baths, an office, a beautiful designer kitchen, 2,200 square feet of interior space plus a private terrace. The $2.8 million sales price translates to $1,272.73 per square foot. It also happened to be the fourth-highest overall sale in November. Unit #67 at Westlight in the West End is a very modern white-on-white luxury flat with 2-bedrooms, 2-baths and 1,023 square feet of living space. The sales price of $1,120,000 equals $1,094.82 for this highly attractive apartment with its giant windows and recessed Euro-style kitchen.
Unit #TS01 at Turnberry Tower in Arlington’s Rosslyn neighborhood has the second-highest overall sales price at $4,750,000 and the fifth-highest metric price at $1,068.14 per square foot. The 4,447 square foot tower suite penthouse was reconceived by architect Salo Levinas and presents showcase style modern luxury with multiple private outdoor spaces and truly stunning views of the Potomac River. Rounding out an impressive group is Unit #901 at Somerset House in Friendship Heights’ gated Park Somerset community. This was the month’s third-highest sales price at $3,715,000 and sixth-highest per square foot at $1,025.39. The 3-bedroom, 4-bath apartment is the picture of elegance with 3,623 square feet of interior space that includes a family room, library, a huge kitchen, thick crown molding and luxurious baths.
November, 2019 Highest Price New Listings
Washington Metro’s highest priced new condominium listing in November 2019 has already closed. Unit #2F at the Ritz-Carlton Georgetown listed for $4,250,000, and was only on the market for one day before going selling at full price! The 4-bedroom residence with 5.5 baths has a very spacious 3,890 square foot floorplan. Brazilian Cherry herringbone floors, a formal dining room, a huge eat-in kitchen and multiple private terraces contribute to the elegant appeal, as do breathtaking views of the Potomac River. Coming in a close second is Unit #PH101 at the Westlight in the West End neighborhood. This brand new penthouse has an asking price of $3,975,000. The building, designed by Enrique Norton with a stunningly staggered modernist look, was delivered in 2016. The penthouse itself is a sleek and minimalist showcase of white-on-white luxury style, with 3-bedrooms, 3-baths and 2,684 square feet of living space, including a giant open living area that’s perfect for entertaining.
In third place is Unit #1004 at Somerset House in Friendship Heights. The luxurious 2-bedroom, 2.5-bath plus den apartment with 2,498 square feet of space was renovated by Chryssa Wolfe/Hanlon Design Build. Listed at $2,599,000, the residence offers pale ultra-wide plank floors, tray ceilings, thick crown molding, spa baths and two balconies. Units #1901 and #1902 at One Park Crest in McLean, Virginia are two apartments that have been combined into a spectacular one-of-a-kind penthouse. Listed at $2,499,000, the 4-bedroom, 4.5-bath residence has 3,460 square feet of living space, and features an open floorplan with two huge side-by-side gourmet kitchens with granite counters and Viking appliances, along with two balconies, four parking spaces and two storage units!
In fifth place is Unit #T11 at 2501M in Washington’s West End neighborhood. The brand new 2-bedroom, 3-bath flat is priced at $2,456,000 and boasts a very contemporary open design with 2,325 square feet of space, a modern minimalist kitchen with appliances recessed into cubist cabinetry, and giant floor-to-ceiling windows that gaze out at Rock Creek Park and Francis Field. Our final entry in November’s highest-priced sweepstakes belongs to Unit #509 at 1745N’s Historic Row residences. Listed at $2.4 million, the 2-bedroom, 2.5-bath penthouse with 2,289 square feet of space went under contract in just three days. From birdhouse views of St. Matthew’s Cathedral to wide plank premium floors and a gourmet kitchen, this sunny city home is located in the heart of fashionable Dupont Circle.