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DC Luxury Condo Sales like Life At The Top
February, 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
There is a three-way tie for the most sales in February, with three sales each for Atrium in Rosslyn, Ten Ten Mass in Mount Vernon Triangle, and The Floridian in the U Street Corridor. Two of these buildings also earned additional honors. Unit #501 at Atrium had the second highest list-to-sales ratio, offered at $394,900 and closing at $415,000, a 105.09 percent markup for the one-bedroom flat with its private terrace. Unit #PH202 at Top Ten Mass sold for $2 million, making it the sixth highest-priced sale for the month. The two-bedroom, two-bath penthouse has a private rooftop deck with stunning views of the downtown skyline.
There were no fewer than eight buildings with two sales each: eNvy in the Navy Yard, Logan Mansions in Logan Circle, Mather Studios in Chinatown, the Ritz-Carlton in the West End neighborhood, Somerset House in Chevy Chase, The Watergate in Foggy Bottom, The Whitman in Mount Vernon Triangle, and Union Row in the U Street Corridor. There were a couple of notable standouts within this voluminous lest. Unit #PH19B at Somerset House captured the third highest sales price at a whopping $4,750,000. This exclusive Life At The Top listing boasts of a 4,583-square foot penthouse, with three bedrooms, 4.5 baths, a formal dining room, a library, multiple sitting rooms and dens, and a private roof deck with exquisite panoramic vistas. It’s all part of the exclusive Parc Somerset gated country-club style community.
Unit #3 at Logan Mansions had the fifth highest list-to-sales ratio for February, listing for $974,900 and closing at a cool $1 million (102.57 percent). The two-bedroom, 2.5-bath townhouse has 1,500 square feet of living space spread out over two levels with the private quarters, as well as a loft den, upstairs. Rounding out our Top 12 for February is Unit #715 at CityCenterDC in Mount Vernon Triangle. This was the fifth highest sales price in November at $2,300,000. The modern two-bedroom, two-bath flat with 1,567 square feet of interior space also features a massive two-level wooden deck with landscaping and enough room to host a party. CityCenter covers more than five city blocks at the former site of the Washington Convention Center, with over 40 upscale restaurants and boutique retailers, plus a 1.5-acre park.
Highest Sales Prices
One sale stood head and shoulders above the rest in February. Unit #PH2C at the Ritz-Carlton Georgetown closed at a whopping $11 million. The 5,503 square foot Georgetown penthouse actually listed for an astronomical $18 million about a year ago, before coming back to earth with a reduction down to $14,500,000. The ultimate sales price was still out of this world! The swanky two-level residence with its curved staircase has three bedrooms and 3.5 baths, plus multiple living spaces, an office, a gym, and a massive roof deck featuring point-blank views of the Potomac River. It also captured top honors in the price per square foot category at $1,998.81. The second-highest sales price goes to Unit #PH-C at Wardman Tower in Woodley Park. The three-bedroom, 3.5-bath penthouse with 4,532 square feet of interior space sold for $5,500,000. The stunning historic residence with its library, den, showcase kitchen and roof deck, also took fourth place in the size category at $1,213.59 per square foot.
The third-highest closing is Unit #PH19B at Somerset House in Chevy Chase. The elegant penthouse has parquet floors, three bedrooms, 4.5 baths, a library with fireplace, a den, a family room, a sitting room, and a large roof deck. It sold for $4,750,000. Next up is a unit without an advertised apartment number at the brand-new Pierce building in Rosslyn. The 2,289 square foot penthouse with two bedrooms and two baths, is a presale that sold quietly with zero days on market, for $2,848,000.
Fifth place goes to Unit #715 at CityCenterDC in Mount Vernon Triangle. The open and very airy two-bedroom apartment with 1,557 square feet of living space, as well as an incredible landscaped Sky Terrace, sold for $2,300,000. It also takes second place honors in the price per sq. ft. contest at $1,467.77. Our final entry is Unit #PH202 at Top Ten Mass in DC’s downtown Mount Vernon Triangle. The two-bedroom, two-bath penthouse with a private rooftop deck sold for $2,000,000 after listing for $2,100,000.
Highest Sales Price to List Ratio
Topping the highest list to sales price category in February is Unit #504 at Butterfield House on Capitol Hill. The two-bedroom corner residence with its dramatic arched windows listed for $619,900 before ultimately selling for $708,500. That’s a significant markup, translating to 114.29 percent of the original asking price. Butterfield House was delivered in 2008, mixing new construction with old world style, and earning recognition from the National Building Museum. Second place goes to Unit #501 at Atrium in Arlington’s Rosslyn neighborhood. The one-bedroom apartment with 765 square feet of living space plus a private balcony, listed at $394,900 before closing at $415,000, representing 105.09 percent of the original price.
Unit #1903 at The Waterview in Rosslyn takes third place, listing for $699,000 and closing at $732,703 (104.82 percent). The bright and airy apartment with is pale hardwood floors, has giant window walls wrapping around two sides with cityscape views plus peeks of the Potomac River. The popular waterfront complex was designed by Pei Cobb Freed, with Le Meridien Hotel occupying the lower floors and the Waterview condos on floors 14-40. Next up is Unit #211 at Clara Barton in Washington’s Penn Quarter neighborhood. The two-bedroom, two-bath residence with 1,261 square feet of space was offered at $725,000 and sold for $750,000 (103.45 percent). High ceilings paired with very tall windows add to the feeling of spaciousness.
Fifth place goes to Unit #3 at Logan Mansions. This is a two-level townhouse that is part of a historic and beautifully renovated building in Logan Circle. The two-bedroom, 2.5-bath residence with a bonus loft den sold for $1,000,000 after listing for $974,900, equaling 102.57 percent of asking. Closing out our Top 6 is Unit #506 at 2501 M in the West End neighborhood. The open and modern two-bedroom, two-bath flat with 1,096 square feet of space was advertised at $1,225,000 before selling for $1,250,000 (102.04 percent). The listing also nabs sixth place in the price per size category at $1,140.51.
Highest Prices Per Square Foot
February’s highest price per square foot honors goes to the same eye-popping penthouse that captured the highest sales price. Unit #PH2C at the Ritz-Carlton at the Georgetown location has an extremely spacious 5,503 sq. ft. layout spread out over two stories. The three-bedroom, 3.5-bath residence also has a large private rooftop deck with amazing Potomac River views. The sky-high closing price of $11 million translates to $1,998.81 per square foot. Second place goes to Unit #715 at CityCenterDC in Mount Vernon Triangle. The two-bedroom, two-bath flat with 1,557 sq. ft. of living space as well as a terraced deck, sold for $2,000,000 or $1,467.77 per square foot. It was also the sixth highest sales price.
The third highest price per square foot as well as the fourth-highest sales price goes to an apartment at the new Pierce ultra-luxury condo community in Arlington’s Rosslyn neighborhood. The two-bedroom penthouse without an identifying apartment number, was on the market for 0 days as a presale, closing at $2,848,000 which translates to $1,244.21 per square foot. Fourth place in the price per size category (as well as the second highest condo sale) goes to Unit #PH-C at Wardman Tower in Woodley Park. The three-bedroom, 3.5-bath penthouse with 4,532 square feet of interior space sold for $5,500,000, or $1,213.59 per square foot. The stunning penthouse at the iconic address features six-inch oak herringbone floors, a library, a den, three bedroom suites, a private roof deck and a beautiful kitchen with Henrybuilt cabinetry, Thermador appliances, and a Danby Royal marble backsplash.
In fifth place is Unit #51 at the very modern Westlight building in Washington’s West End neighborhood. The two-bedroom, two-bath apartment with 1,542 square feet of light-filled living space, sold for $1,765,000, or $1,144.62 per square foot. Taking sixth place in both the price per square foot and the list-to-sales categories is Unit #506 at 2501 M in the West End. The stylish two-bedroom, two-bath flat with 1,096 sq. ft. of space and gleaming hardwood floors, closed at $1,250,000, equaling $1,1401.51 per square foot, and 102.04 percent of asking.
February, 2022 Highest Price New Listings
Some truly spectacular new listings hit the Washington, DC area real estate market in February. Topping the highest price category is Unit #PH2D at the Ritz-Carlton Georgetown, in the Georgetown waterfront. Listed at a cool $8 million, the four-bedroom penthouse with 4.5 baths and 4413 square feet of living space is already pending. The two-level residence has exposures on four sides, along with private terraces at each level and stunning views of the Potomac River. Coming in a very solid second is another penthouse, this one at the iconic Wardman Tower in Woodley Park. Unit #PH-D is offered at $5,750,000 and comes with three bedrooms, 3.5 baths and a whopping 4,527 square feet of living space spread out over two stories. Toss in the private roof deck and you have a truly spacious layout. Other features include a library, a showcase kitchen, six-inch wide herringbone oak floors, and a family room that can be turned into a fourth bedroom.
Third place goes to Unit #7G at 22 West in the West End neighborhood. Priced at $3,895,000, the three-bedroom, 3.5-bath apartment has a sunny layout with 2,995 sq. ft. of interior space, gleaming hardwoods, huge windows, and an office/library with custom built-ins. Next up is Unit #2301 at the brand new 27-story Pierce building in Rosslyn. Listed at $3,150,000, the 2,289 square foot flat has direct elevator access, two bedroom suites, a den and a large corner private terrace. The gourmet kitchen with its Thermador appliances and quartz waterfall island is completely open to the living and dining areas.
Sticking with Pierce for a moment, the fifth highest-priced listing for the month sold after zero days on the market. This was a presale penthouse opportunity with two bedrooms, two baths, 2,289 square feet of space and a closing price of $2,848,000. Our final entry is Unit #1 at MuSoLit Residences in Logan Circle. Listed at $2,250,000, this unique property is already under contract. It is a four-bedroom, 4.5-bath townhome that occupies the lower half of a rowhouse dating to the 1880s and originally designed by famed architect Thomas Franklin Schneider. The building became a prominent social club in the 1920s, and more recently, had a complete interior makeover by Sarah Snouffer.