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DC Luxury Condo Sales like Life At The Top
January, 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
Turnberry Tower in Rosslyn led the way in January with four sales. Of those, Unit #1601 was the sixth-highest transaction for January, closing at $1,350,000. The 1,754 square foot apartment has two bedrooms, two baths, a private elevator, and a sweeping balcony. Unit #1106 is another standout, with a tie for fourth place in the list to sales category. The one-bedroom flat with a bonus den, two full baths, and 1,404 square feet of space sold for the full asking price of $989,000. There were three buildings with two sales each: Madrigal Lofts in Mount Vernon Triangle, Gallery Place in Chinatown, and The Odyssey in Rosslyn. Unit #804 at Madrigal Lofts nabbed top honors in the list to sales category, selling for $637,500 which equals 102.00 percent of asking.
Unit #1023 at Gallery Place is a sweet little studio with an open gourmet kitchen that tied for fourth-highest list to sales, selling for 100 percent of asking at $279,900. The building is one of the hippest in the downtown area, right on top of the Metro and overlooking Friendship Arch, with restaurants and entertainment all around. Unit #406 at The Odyssey takes sixth place in the dollars per size sweepstakes. The 997 sq. ft. two-bedroom apartment closed at $795,000, or $797.39 per square foot.
There were no fewer than eight buildings with one sale each: 1745N in Dupont Circle, 2101 Connecticut in Kalorama, 2501 M in the West End, 555 Mass in Mount Vernon Triangle, Kalorama Lofts in Adams Morgan, Landmark Lofts on Capitol Hill, Rainbow Lofts in Logan Circle, and the Ritz-Carlton West End in the West End neighborhood. Of this grouping, Unit #PH3A at Ritz-Carlton West End took first place in the highest list price contest at $3,950,000 as well as first place in the dollars per sq. ft. category at $1,215.38. The corner penthouse with a 3,250 square floorplan features two bedrooms, a den, a family, room, 2.5 baths, and a private rooftop terrace that adds an incredible 2,000 sq. ft. of outdoor space. Also notable is Unit #22 at 2101 Connecticut, with the fifth highest closing for the month at $1,550,000. The four-bedroom apartment with 3,200 square feet of space was the first closing at the grand old Kalorama cooperative since November 1, 2021.
Highest Sales Prices
January ushered in an impressive list of lofty sales prices, topped by Unit #PH3A at the full service Ritz-Carlton West End. The 3,250 square foot corner penthouse duplex sold for $3,950,000, also capturing the highest price per square foot at a stout $1,215.38. In addition to the roomy interior, this incredible West End residence adds 2,000 square feet of private outdoor space with its magnificent roof deck. The layout includes two bedrooms, a living room, family room, den, a brushed steel open kitchen, and 2.5 baths. Unit #404 at the posh Somerset House in Maryland’s Chevy Chase takes a tie for the second-highest sales price at $2,100,000 and also takes third place in the dollars per size sweepstakes at $840.67. The 2,498 square foot residence has three bedrooms, three baths, and an expansive private terrace.
The second half of the two-way tie goes to Unit #718 at Shoreham West in Woodley Park. The 2,550 square foot cooperative apartment sold for $2,100,000 and also came in fourth in the price per square foot category at $823.53. With its open and modern ambience, the residence offers two bedrooms, two baths, adjacent living and family rooms, and a private balcony. Unit #414 at Kalorama Lofts in Adams Morgan nabs fourth place with a $1,699,999 closing, which also ties for fourth place in the list to sales ratio at 100 percent. With four bedrooms and three baths, the 2,815 square foot residence with its giant bay windows is the picture of elegance.
Unit #22 at the grand old 2101 Connecticut in Kalorama has the fifth-highest sale in January at $1,550,000. The recently renovated apartment at one of Washington’s “Best Addresses” offers 3,200 square feet of light-filled living space with north, east, and southern exposures. Other features include oak floors, four bedrooms, 3.5 baths, a solarium, a brand new kitchen with Miele and Jenn Air appliances, black granite counters, and a separate walk-in pantry with a full sixed fridge. Closing out the list is Unit #1601 at Turnberry Tower in Rosslyn. The two-bedroom, two-bath condo with 1,754 square feet of space and a private elevator sold for the full asking price of $1,350,000. Giant windows lead out to a sweeping balcony with multiple access points.
Highest Sales Price to List Ratio
Taking top honors in the highest list price to sales ratio for January 2023 is Unit #804 at Madrigal Lofts in Mount Vernon Triangle. The two-bedroom, two-bath residence with its exposed brick walls, overhead ductwork, private balcony, and 937 square feet of living space listed for $625,000 before selling for $637,500 or 102.00 percent of asking. Second place goes to Unit #111 at Landmark Lofts on Capitol Hill. The one-bedroom condo has a bonus den, 1.5 baths, and French doors leading out to a huge private patio and garden. The 2007 conversion of a historic carriage house was offered at $645,000 and wound up closing at $648,000, translating to 100.47 percent.
Unit #406 at 555 Mass in Mount Vernon Triangle sold for $475,000 after listing for $749,900. That extra $100 was enough to seal the deal, resulting in 100.02 percent of the asking price for a cute one-bedroom flat with one bath, an open floor plan, a gourmet kitchen, and walk-in closet. Unit #1023 at Gallery Place in Chinatown is the first of three buildings that tied for fourth place at 100 percent of the list price. This super fun studio sold for the competitive price of $279,900, and while it only has 455 square feet of space, it has a very attractive ambiance with wood strip hardwood floors, an open gourmet kitchen with stainless steel appliances and granite dining bar, and a roomy main living and sleeping area. The prime location is right on top of the Metro, across from the Friendship Arch, and just steps from shops, restaurants, and Capitol One Arena.
Next is Unit #414 at Kalorama Lofts in Adams Morgan. The spacious four-bedroom residence with three baths sold for its full asking price of $1,699,999. With floor-to-ceiling windows offering direct views of the Washington Monument and National Cathedral, this home is simply stunning. In addition to its three-way tie in the list to sales category, the condo was fifth highest overall sale for a condo or co-op in DC Metro for January. Rounding out this list is Unit #1106 at Turnberry Tower in Arlington’s Rosslyn waterfront. The one-bedroom B Model has a bonus den, two beautiful marble baths, walls of giant windows and an equally large balcony, and an open gourmet kitchen with Italian Snaidero wood cabinetry that cleverly conceals the panelized high-end appliances. The apartment sold for the full asking price of $989,000.
Highest Prices Per Square Foot
Capturing first place in January’s highest price per square foot category, Unit #PH3A at the Ritz-Carlton West End also nabs the highest sales price for a condo or cooperative. The two-level, 3,250 square foot corner penthouse in the West End neighborhood closed at $3,950,000, equaling $1,215.38 per square foot. Dramatic floating glass stairs lead to an upper level office/den that opens up to an incredible 2,000 square foot private roof deck with cityscape views. The two-bedroom residence with 2.5 baths also has a gorgeous, brushed steel chef’s kitchen. Second place goes to Unit #42 at Rainbow Lofts in Logan Circle. This 2,200 square foot penthouse with exposed brick walls, overhead ductwork, and giant factory-style windows received $80,000 in renovations before selling for $1,169,900, or $958.93 per sq. foot. The two-bedroom, two-bath residence with its huge private deck, is part of a former autobody and paint shop.
Unit #404 at the Somerset House inside the Parc Somerset gated community in Chevy Chase is another double honoree. The 2,498 square foot apartment with three bedrooms and three baths tied for second place in the top sales price category at $2,100,000, while also taking the third highest price per sq. foot at $840.67. The 17-acre complex features three residential towers, each with underground access to a clubhouse and sports complex with an indoor heated swimming pool as well as an outdoor pool. Fourth place goes to Unit #718 at Shoreham West in Woodley Park. The two-bedroom, two-bath mid-century modern cooperative apartment with 2,550 square feet of living space plus a balcony, sold for $2,100,000 which comes out to $823.53 per square foot. The airy residence also tied for the second-highest sales price in January.
Unit #324 at The Signet in affluent McLean sold for $1,150,000, equaling $804.76 per sq. foot. The two-bedroom, two-bath stunner with a bonus den and marble foyer offers 1,429 square feet of living space. Sixth place goes to Unit #406 at The Odyssey in Rosslyn. The two-bedroom, two-bath flat with a 997 square foot layout sold for $795,000 or $797.39 per sq. foot. A large private balcony adds to the allure.
January 2023 Highest Price New Listings
Leading the charge of highest priced new listings in the new calendar year is a lavish penthouse at the new Gaslight District in Logan Circle. Offered at $5,500,000, the five-bedroom, five-bath residence boasts 4,375 square feet of modern living space. The unique development merges a Victorian rowhouse and two historic carriage houses built in 1872, with new construction. Second place goes to Unit #PH8 at The Darcy in Bethesda, MD. Listed at $3,595,000, the three-bedroom penthouse has 2.5 baths and 2,691 square feet of airy living space spread out over two levels. The custom designed corner residence with its graceful staircase features wide-plank white oaks floors, a chef-worthy gourmet kitchen, massive windows, and a private terrace.
Coming in a very close third is Unit #PH106 at the ultra-modern Westlight in Washington’s West End neighborhood. Priced at $3,495,000, the three-bedroom apartment has three full baths, 2,477 square feet of space, and an open layout with walls of floor-to-ceiling windows. The stunning full-service building was designed by Enrique Norten and is also home to the new West End Library. Fourth place is a new listing that already sold, receiving an accepted offer just a week after hitting the market. The multilevel elevator townhome at 1816 Kalorama Square in the Kalorama neighborhood listed for $3,475,000 and closed at $3.4 million. The five-bedroom home has five full and two half baths, and 4,193 square feet of space. Extra perks include a private backyard and an attached two-car garage.
Unit #6A at the legendary Wardman Tower in Woodley Park came to market with a $3,475,000 price tag. With three bedrooms, 3.5 baths, and 3,432 square feet of space, this exquisite home has six-inch wide oak floors with a herringbone pattern along the long and wide foyer. Dramatic ceilings, lavish marble baths, an incredible gourmet kitchen, and a curved balcony overlooking the city are among the many features. Our final entry is Unit #2501 at Waterview in Rosslyn. The three-bedroom, 3.5-bath corner penthouse with wraparound windows providing Potomac River views is listed at $2,695,000 and is now under contract.