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DC Luxury Condo Sales like Life At The Top
January, 2021 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
Sales activity has remained strong this winter, from the large number of closings in December to an equally robust January. This portends well for the months ahead. There were four sales at The Odyssey in Arlington’s Rosslyn neighborhood. The modern curvilinear tower offers some of the best views around plus white gloves service, a phenomenal rooftop swimming terrace and an extraordinary fitness center on the 17th floor. Two of the four closings were at full price, proof positive of the building’s appeal. Unit #323 with two bedrooms and one bath listed and sold for $469,900. Similarly, Unit #223, one floor down, with a similar floorplan, also listed and sold for $469,900.
There were no fewer than six luxury buildings in the DC area with two closings in January. Of these six buildings, two had sales that were especially notable. Unit #1210 at Turnberry Tower in Rosslyn is a one-of-a-kind fully renovated apartment with two bedrooms, 2.5 baths and a stunningly modern kitchen that sold for $1,600,000 (the fourth-highest sales price of the month as well as the fourth-highest price per square foot). Also at Turnberry Tower is Unit #804, a one-bedroom former show model with a den, two full baths and 1,645 square foot of space that closed at the full asking price of $1 million. The other building in this group that bears a special nod is the Ritz-Carlton West End, where Unit #2B was the fifth-highest sale of the month at $1.5 million. The other Ritz-Carlton West End closing in January was Unit #7D, with a $1,112,500 sales price.
The remaining buildings with two sales each include Clara Barton in Penn Quarter with its hotel-style living; Gallery Place in exciting Chinatown; The Metro in Logan Circle with its amazing outdoor spaces and The Ventana in Penn Quarter with its sleek glass tower incorporated into historic row houses. Luxury buildings with one sales each include 3303 Water Street in Georgetown, 1745N in Dupont Circle’s Historic Row, 2020 Lofts in the trendy U Street Corridor, Chase Point in Chevy Chase, City Vista in Mount Vernon Triangle and The Columbia in the West End. Of this group, Unit #60 at 3303 Water Street was the month’s second highest sale at $1,925,000; Unit #210 at 1745N was the fifth-highest price per square foot and the sixth-highest sales price at $1,275,000; and Unit #706 at The Columbia was part of the six-way tie for highest sales-to-list ratio, listing and selling for $1.1 million.
Highest Sales Prices
The highest sales price for a condominium in the DC area in January, goes to Unit #103 at Somerset House in Friendship Heights. Somerset House is part of the posh gated Parc Somerset community with its 17-acre country club-style setting. This three-bedroom, four-bath apartment with 3,623 square feet of living space listed for $3,150,000 and sold for $2,800,000. Among the many features are marble floors, a fireplace, a library and a beautifully appointed owner’s suite with two baths and its own private patio. Next is Unit #60 at 3303 Water Street in Georgetown. Not only did the 1,725 square foot residence capture the second-highest sales price at $1,925,000, it was also the highest price per square foot at $1,115.94. With one bedroom, a sun room and two full baths, the apartment offers stunning views of the Potomac River.
Third place goes to Unit #608 at The Weslie in the Rosslyn waterfront neighborhood. The two-level condo with three bedrooms and 2.5 baths listed for $1,750,000 and sold for $1,700,000. Soaring ceilings with lattice beams, an open gourmet kitchen and a large private terrace with 180-degree views of DC, Arlington and the Potomac, add to the appeal. Fourth place goes to Unit #1210 at Turnberry Tower in Rosslyn. The fully renovated two-bedroom, 2.5-bath apartment was offered for $1,675,000 and closed at $1,600,000. A private elevator opens to reveal herringbone hardwood floors and huge window walls. A sweeping balcony overlooks the cityscape, while the kitchen and baths have been remodeled into magazine worthy examples of modernism.
In fifth place is Unit #2B at the Ritz-Carlton West End in the West End neighborhood. The 2,439 square foot apartment with three bedrooms and 2.5 baths listed for $1,750,000 and sold for $1,500,000. Among the many features are Brazilian Cherry floors, custom wall treatments, a formal dining room and a large private terrace. Closing out the highest priced sales category is Unit #210 at The Historic Row at 1745N in Dupont Circle. The two-bedroom, 2.5-bath apartment sold for full price at $1,275,000. It also notched two other honors as the fifth-highest price per square foot at $848.87, as well as being part of six-way tie in the sales-to-list ratio at 100 percent.
Highest Sales Price to List Ratio
January 2021 was a most unusual month when it comes to the highest sales-to-list section. Each of our six buildings have the exact same ratio—100 percent of asking. Therefore, there is not one true “winner” for the category. Rather, there are six listings to be celebrated equally. We’ll start with Unit #210 at The Historic Row at 1745N in Dupont Circle. The two-bedroom, 2.5-bath end residence with wide-plank hardwood floors and a gourmet kitchen, sold for 100 percent of its asking price of $1,275,000. The home is part of a development that combines renovated historic row houses and new modern flats. Next up is Unit #M203 at Wooster and Mercer in Rosslyn. The impressive main level residence with a walk-out private patio closed at the full asking price of $1,125,000. Included is an owner’s suite, a den and two full baths.
Unit #804 at Turnberry Tower in Rosslyn is a former show model with direct elevator access, enhanced designer touches and a sweeping balcony. It listed and sold for $1 million. Set along Logan Circle’s famed Auto Row is Unit #23 at Rainbow Lofts. The two-bedroom, two-bath residence inside a former auto body shop features exposed brick walls, blonde hardwood floors, sliding gate doors to the bedrooms and soaring barrel-form concrete ceilings. It sold for 100 percent of asking at $949,000.
Our next selection is Unit #401 at Mather Studios in Chinatown; an old gothic building that offers authentic loft residences as well as artist’s studios. The two-bedroom, two-bath loft with exposed brick walls, raw concrete ceilings and a cool Scandinavian-style modern kitchen, listed and sold for $770,000. In addition to the fact that each of our six buildings had full-priced closings, Units #223 and #323 at The Odyssey in Arlington’s Rosslyn neighborhood each listed and sold for $469,900. The two apartments with similar floorplans with two bedrooms and one bath, become our sixth and final entry in January’s highest sales-to-list category.
Highest Prices Per Square Foot
Unit #60 at 3303 Water Street nabs the highest price per measurement honors in January at $1,115.94 per square foot. The 1,725 square foot residence also took second place in the highest sales category at $1,925,000. Perched near the Potomac River and Georgetown Waterfront Park, the apartment offers splendid water views from the primary bedroom, as well as from the living area’s corner window walls. Also notable is an amazingly long open kitchen and dining area with panelized appliances blending in unobtrusively. Unit #706 at The Columbia in the West End neighborhood nabs the second-highest price per square foot award. The two-bedroom, two-bath condo with 1,194 square feet of space listed and sold for $1,100,000, translating to $921.27 per square foot. It was also part of the six-way tie in the sales-to-list sector at 100 percent. Crema Marfil marble flooring gives the apartment a distinct flavor, augmented by an open kitchen and private balcony.
Unit #404 at VIO at The Wharf in the revamped Southwest Waterfront is our third-place winner. The luxe condo with two bedrooms and two baths, earns $898.23 per square foot for its 1,130 sq. ft. layout. The closing price was $1,015,000 for the modern flat with its blonde hardwood floors and private terrace. Next is Unit #1210 at Turnberry Tower in Rosslyn. The unique two-bedroom, 2.5-bath apartment with 1,814 square feet of space has been totally renovated from top to bottom. The condo sold for $1,600,000, making it the fourth-highest sale as well as the fourth-highest price per square foot at $882.23 per sq. ft. Direct elevator access, a sweeping balcony, walls of windows and beautifully remodeled kitchen and baths, makes this waterfront residence a standout.
In fifth place is Unit #210 at The Historic Row at 1745N in Dupont Circle. The full-priced closing of $1,275,000 translates to $848.87 per square foot. The 1,502 sq. ft. apartment with its classic layout and architectural details was also the sixth-highest condo sale for the month. Closing out the list is Unit #23 at Rainbow Lofts in Logan Circle. The two-bedroom, two-bath residence has two bedrooms, two baths, soaring barrel-formed concrete ceilings and 1,115 square feet of space. Set inside a former auto body shop, the trendy condo with its exposed ductwork and super cool fireplace feature, sold for 100 percent of its asking price at $949,000, translating to $821.65 per square foot.
January, 2021 Highest Price New Listings
The first month of 2021 saw some notable new listing activity in the nation’s capital, including a Georgetown penthouse that is sure to set some records. Unit #PH2C/1M at the Ritz-Carlton Georgetown is listed at $18 million! The 6,407 square foot residence is impeccably curated over two levels, and includes a huge private roof deck staring straight down the Potomac River. Among the many features are four bedrooms, five full baths, two powder rooms, staff quarters with kitchen, a wood-paneled library and a private gym. Located at the same Ritz-Carlton Georgetown address, Unit #2A comes in a distant second at $4 million, although it would have been a price leader almost any other month. There are four bedrooms, 4.5 baths and 3,395 square feet of living space, with Brazilian Cherry herringbone floors. A stunningly modern kitchen and dining room combination boasts appliances integrated so seamlessly, that you’d barely know they’re there.
Third place goes to Unit #502/503 at the legendary Watergate in Foggy Bottom. With an impeccably designed interior by architect Robert Gurney, the 3,620 square foot cooperative is listed at $3,999,999. Featuring four bedrooms and 3.5 baths, the residence has been completely transformed, resembling something akin to a David Hockney painting with sunny open spaces and tasteful cubism. In fourth place is Unit #PH106 at the Westlight building with its cantilevered glass facade in the West End neighborhood. Listed at $3,750,000, the three-bedroom, three-bath flat is all space, light and white-on-white modern motifs with a 2,477 square foot layout. From the inspired Chef’s kitchen to window walls that invite the outside in, this place exudes style.
Fifth place goes to Unit #606 at the Residences at Harbourside in Georgetown. The lovely duplex penthouse is priced at $3,695,000, with massive walls of windows, three bedrooms, 3.5 baths and nearly 4,000 square feet of living space. You can add another 2,500 square feet with two private terraces, including a roof deck, featuring Potomac River views. Our final entry is Unit #6 at The Logan in Logan Circle. Priced at $2,849,000, the three-bedroom, 3.5-bath modern multilevel penthouse has a 2,578 square foot layout, with direct elevator access and an extraordinary chef’s kitchen. Also notable is a stylish glass-enclosed stairway, winding up to an 800 square foot private rooftop terrace with wooden flooring, fire pit and gas grille.
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