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DC Luxury Condo Sales like Life At The Top
May, 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
The Atrium in Arlington’s popular Rosslyn neighborhood had eight sales in May, far outpacing our other luxury buildings. The glass and steel tower is a block from the Metro, close to the Potomac River and across the Key Bridge from Georgetown. Among the closings was Unit #1310, a spectacular duplex in the sky with 3-bedrooms, 3.5-baths and 4,300 square feet of living space. The closing price was $2,097,500.
There were two buildings with four sales each: Clara Barton is in Washington’s Penn Quarter, offering hotel-style living with an array of full-service amenities. The Adagio is located in Bethesda, steps from all the great shops and restaurants along the Wisconsin Avenue Corridor. Madrigal Lofts and City Vista in Mount Vernon had three sales each.
The full-service Ritz-Carlton West End also had three sales including Unit #PH3A. The duplex penthouse with a giant private roof deck was the highest sale in May at $3.5 million. Finally, there were five buildings with two sales each: 22 West in the West End, 2501 M in West End, 555 Mass in Mount Vernon, Dumbarton Place in Dupont Circle and Turnberry Tower in Rosslyn. One of the two closings at Turnberry was #PH2109, a fabulous penthouse with direct views of the Potomac from a wraparound balcony. The bird’s nest home sold for $2.6 million.
Highest Sales Prices
The top sales price for a Washington DC area condominium in May was Unit #PH3A at the exclusive Ritz-Carlton West End. The spectacular duplex penthouse has 3,378 square feet of living space, 3-bedrooms, 4 designer baths, custom wall treatments, a very modern brushed steel kitchen as well as an additional catering kitchen, a library and a huge showcase private roof deck. This city home in the sky closed for $3.5 million.
Coming in second is another lofty penthouse, this time across the river at Turnberry Tower in Rosslyn. Unit #PH2109 has 3-bedrooms, 2.5-baths, 2,655 square feet of living space, a private elevator and multiple balconies with views of the Potomac and Key Bridge. The sales price was $2.6 million. Third place in May goes to Unit #3D at 22 West in Washington’s West End neighborhood. This 3-bedroom, 3-bath flat is the height of modernity with open room shapes comporting to the buildings angular themes. Blonde hardwoods, massive window walls and a white-on-white recessed kitchen add to the allure, with a sales ticket of $1,880,000.
Coming in a very close 4th is Unit #702 at Somerset House in Friendship Heights. The elegant 2-bedroom, 2.5-bath apartment features intriguing bays and room shapes, with bonus rooms, marble baths and a very spacious terrace. The closing price of $1,860,000 was $35,000 over the $1,825,000 asking price! Fifth place goes to Unit #403 at Hampden Row in Bethesda and a closing price of $1,499,581. The lovely 2-bedroom, 2.5-bath flat has wide-plank hardwood floors, a modern open kitchen with stainless steel appliances, luxurious baths and a balcony. Plus, it’s steps from Bethesda Row’s trendy shops, restaurants and entertainment. Our final entry is Unit #51 at Dumbarton Place in Dupont Circle. The spacious 2-bedroom, 2.5-bath residence with 1,756 square feet of living space sold for full price at $1,495,000. The new owners can dine in a lovely sun room overlooking the park!
Highest Sales Price to List Ratio
The building with the highest sales-to-list ratio in May was City Vista in DC’s super-popular Mount Vernon community where Unit #415 listed for $899,000 but closed for $982,500—a whopping 109.29% of the asking price! The 3-bedroom, 2.5-bath apartment has gleaming hardwoods, contemporary kitchen, floor-to-ceiling windows, a giant master bath and a balcony.
Coming in a very solid second was Unit #1 at The Dresden in Kalorama. Built in 1910, this is one of Washington’s Best Addresses with an incredible curvilinear design. The 2-bedroom, 2-bath apartment with inlaid wood floors and charming built-ins listed for $699,000 and sold for $750,000 which is $56,000 or 107.30% over the asking price. In third place is Unit #301 at The Sonata in Downtown DC’s Mount Vernon/Chinatown area. The 2-bedroom, 2-bath industrial-chic flat with its concrete ceilings and exposed ductwork was priced at $625,000 but sold for $645,000—103.20% over list.
Unit #825 at The Atrium in Rosslyn is a renovated 1-bedroom flat with wide-plank floors, giant windows, balcony and new kitchen and bath. After hitting the market at $395,000, the cute condo closed at $405,000 (102.53%). Fifth place goes to Unit #306 at Yale Steam Laundry in Mount Vernon. The chic 1-bedroom, 1.5-bath open flat in the former laundry facility has factory-style windows and French doors to a cool terrace. It listed for $454,900 and sold for $460,323 or 102.02%.
Next on the list is Unit #201 at Logan Station in Logan Circle. The 2-bedroom, 2-bath apartment with an open floorplan and gourmet kitchen listed for $774,900 and closed for $790,000 or 101.95%. Our final entry is Unit #702 at Somerset House in Friendship Heights. The spacious 2-bedroom, 2.5-bath apartment with bays, bonus rooms, marble baths and a large terrace listed for $1,825,000 and closed at $1,860,000, or 102.92%.
Highest Prices Per Square Foot
The highest price per square foot honors in May goes to Unit #206 at 2501 M in Washington’s West End neighborhood. This elegant new condo with 2-bedrooms, 2-baths, 1,170 square feet of space sold for $1,221,700 or $1,044.19 per square foot. It’s loaded with sweet features, including panelized Bosch and Thermador appliances and Italian wood floors. Coming in second was Unit #PH3A at the Ritz-Carlton West End. The stunning penthouse also happened to be the highest condo sales price in May at $3.5 million. The posh duplex has 3-bedrooms, 4-baths, a giant private roof deck and 3,378 square feet of living space, and sold for $1,036.12 per square foot.
Our third place finisher was Unit #26 at Dumbarton Place in Dupont Circle. The 2-bedroom, 2.5-bath flat with 1,403 square feet of living space has a modern kitchen, built-ins and a balcony, and closed a $1,440,000 or $1,026.37. Next on the list is Unit #PH2109 at Turnberry Tower in Rosslyn. This spacious penthouse with 3-bedrooms, 2.5-baths, a private elevator and 2,655 square feet of living space sold for $2.6 million or $979.28 per square foot.
Next is Unit #4F at the super modern 22 West in the West End. The stylish 2-bedroom, 2-bath flat with walls of windows and 1,247 square feet of space sold for $1,215,000 or $974.34 per square foot. Finally, Unit #406 at 1745 N in Dupont Circle sold for $648,400 or $939.71 per square foot. The 1-bedroom unit is in a new boutique development combining historic row houses with new modern flats.
April Highest Price New Listings
The priciest condo to come to market in May was #TS01 at Turnberry Tower in Arlington’s Rosslyn waterfront community. The spectacular Tower Suite has been relisted at a reduced rate of $4,995,000. Redesigned by noted architect Salo Levinas, the 4,447 square foot penthouse has a private elevator as well as an additional service elevator, three en suite bedrooms, three parking spaces and 180 degrees of balconies with unobstructed river views.
Coming in a close second is Unit #6 at the historic Wormley School in Georgetown. Listed at $4,495,000, this lovely penthouse loft has 4-bedrooms, 3.5-baths, 4,550 square feet of living space, a private elevator, soaring ceilings, rich hardwood flooring and countless exquisite architectural details. Third place goes to Unit #1002 at the Somerset House in Friendship Heights. This elegant residence with its tray ceilings and bays, boasts 3,399 square feet of living space and a wraparound wooden deck. Read in the library, relax in front of a grand fireplace or take a meal in the formal dining room!
Next on our highest priced list is Unit #704 at The Lauren in Bethesda. This prime penthouse has 2,747 square feet of living space and amenities galore, including a stunningly modern white-on-white kitchen with Wolf, Sub-Zero, Bosch and Miele recessed stainless steel appliances and an amazing 1,300 square foot roof terrace with built-in summer kitchen and outdoor TV, all for $3,499,000. Also at The Lauren is Unit #701, another penthouse level residence with 2-bedrooms, a den, 2.5-baths, 2,676 square feet of living space, multiple balconies, marble counters and more, for $2,799,900. It’s also worth noting that residents at The Lauren enjoy access to temperature controlled wine storage in the building’s private Onyx Lounge.
Our final entry is Unit #24 at the grand old 2101 Connecticut in Kalorama. The 3-bedroom, 3-bath residence inside this historic cooperative has been redesigned by modernist architect Robert Gurney with breathtaking results and a $2,795,000 price tag.