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DC Luxury Condo Sales like Life At The Top
June, 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 were going through the roof at our favorite Washington area buildings in June. It starts with two red-hot addresses with five closings each! Somerset House in Friendship Heights has long been known for its exclusivity, set within the gated Parc Somerset community with 17 acres of land and every amenity imaginable. Among Somerset’s five transactions is Unit #PH18B—the highest-priced sale for the month as well as the sixth-highest in the price per square foot category. The extraordinary penthouse with three bedrooms, 3.5 baths, a cherry-paneled library and 3,554 square feet of living space, listed for $3,550,000 and closed for $3,375,000. Among the many features is a gourmet kitchen and breakfast room designed by Jennifer Gilmore. Meals can also be enjoyed out on the 900 square foot roof terrace. Union Row in the U Street Corridor also enjoyed five sales. The community is comprised of two buildings; the Flats and the Warehouses. Unit #324W at Union Row Warehouses had the highest list-to-sales ratio for the month at 106.44%. The loft residence with three bedrooms, 2.5 baths and 1,625 square feet of interior space had over $50,000 of upgrades before coming to market. It listed for $1,165,000 and went under contract five days later with a successful over-asking bid of $1,240,000. Features include floating iron stairs, industrial chic finishes and a private roof deck.
The Yale Steam Laundry in Mount Vernon Triangle had four sales in June. Dating back to 1902, the laundry once served the White House. These days, it’s fully renovated and expanded, with amenities like a rooftop pool, fitness center and 24/7 concierge. There were three buildings with three sales each: Clara Barton in the Penn Quarter, The Sonata in Mount Vernon Triangle, and Solo Piazza in Logan Circle where Unit #301 with three bedrooms and two baths, listed at $999,000 and sold over asking at $1,004,000.
Finally, there were no fewer than six buildings with two sales each. This includes 1661 Crescent Place in the perennially trendy Adams Morgan, 555 Mass as well as City Vista in Mount Vernon Triangle, Lionsgate in Bethesda, and Atrium as well as The Waterview in Arlington’s Rosslyn waterfront neighborhood. Standouts in this group include Unit #604 at City Vista with the second-highest list-to-sales closing at 104.08 percent of asking, and Unit #814 at Atrium as the fifth-highest in the same category at 102.56 percent.
Highest Sales Prices
Topping the Washington area list of highest priced closings in June is an extraordinary penthouse at Somerset House in Friendship Heights. Unit #PH18B has three bedroom, 3.5 baths, a cherry paneled library and a show-stopper gourmet kitchen and breakfast room designed by Jennifer Gilmore. With a sales price of $3,375,000, this incredible residence with gleaming hardwood floors, curved window walls and a 900 square foot private roof terrace, was one of five closings at Somerset House for the month. The condos are set within the exclusive 17-acre Parc Somerset community, with an incredible array of amenities including a three-story clubhouse. Second place goes to Unit #31 at Westlight in the West End neighborhood. The fabulously modern three-bedroom, three-bath apartment with 2,385 square feet of space sold for $2,625,000; it also nabbed third-place honors in the size ratio category at $1,100.63. An airy ambience adds to the already spacious layout with white-on-white décor and the palest of blonde wood floor.
In third place is Unit #1012 at CityCenterDC in Mount Vernon Triangle. The two-bedroom, two-bath apartment came to market on June 8 at $2,695,000, immediately received an accepted offer, and closed the very same day for $2,622,000. If that’s not enough, the 1,287 square foot pad had the month’s highest price per square foot at $2,037.30! Next up is Unit #605 at Q14 in Logan Circle. The 1,700 square foot loft home with three bedrooms and 2.5 baths is a modern masterpiece with a soaring open living area and floating stairs, framed by two stories of windows. The sales price of $1,849,900 also translates to the fourth-highest amount per square foot at $1,088.18.
Fifth place goes to Unit #E5 at Wardman Tower in Woodley Park. The expansive and well-appointed apartment with two bedrooms, 2.5 baths and 2,661 square feet of space sold for $1,750,000. There are just 32 residences in the landmark building. From six-inch wide oak herringbone floors to multiple private balconies, this unit spells style and grace. Our final honoree in this category is Unit #248 at Gaslight Square in Arlington’s Rosslyn community. The two-level penthouse with direct elevator access and 18-foot ceilings sold for $1,489,900. With two bedrooms, 2.5 baths and a 1,882 square foot layout, the residence sports blonde hardwood floors, an open gourmet kitchen, floating iron stairs and a private roof deck.
Highest Sales Price to List Ratio
The bidding wars were in bloom in June, topped by Unit #324W at The Union Row Warehouses in the always hip U Street Corridor. This highly appealing loft residence listed for $1,165,000 before landing an accepted offer in just five days. The final closing price was $1,240,000 or 106.44% of the original asking amount. With over $50,000 in upgrades, this super-hip condo has three bedrooms, 2.5 baths, pale blond floors, corrugated ceilings, exposed ductwork, floating iron stairs and a private roof deck. In second place is Unit #604 at City Vista, a full-service luxury building in Mount Vernon Triangle with a terrific rooftop pool and an on-site grocery store. The two-bedroom, two-bath flat listed at $639,900 and sold for $666,000, representing 104.08 percent.
Next up is Unit #G02 at The Beauregard in the U Street Corridor. The spacious lobby level flat has one bedroom, one bath, and an 852 square foot open layout. Listed at $509,000, the apartment was bid up to $525,000 or 103.15 percent. Fourth place goes to Unit #1017 at Gallery Place in Chinatown. Just steps from the Metro and Capital One Arena, this nifty one-bedroom, one-bath apartment with ultra-wide plank floors was offered at a competitive $389,000 before selling for $399,000—10 grand over asking or 102.56 percent.
In fifth place is Unit #814 at Atrium in the Rosslyn waterfront neighborhood. With floor-to-ceiling wraparound windows and outstanding views, the one-bedroom, one-bath flat listed for $440,000 and sold for $451,500—102.56 percent of asking. Closing out this category is Unit #404 at the exclusive Somerset House in Friendship Heights. Located inside the gated Parc Somerset community with its many country club style amenities, the 1,342 square foot residence with two bedrooms and two baths, was offered at $925,000 before selling for $945,000—a full $20K over asking, which translates to a sturdy 102.16 percent. The renovated dwelling has a combination of marble and hardwood floors, with a fantastic gourmet kitchen and an oversized private balcony with multiple entry points.
Highest Prices Per Square Foot
Topping the list in the size ratio category for June is an apartment that someone truly wanted. Unit #1012 at CityCenterDC in Mount Vernon Triangle sold for $2,622,000 on the first day of its public listing. With two bedrooms, 2.5 baths and a 1,287 square foot layout, the apartment was the third-highest overall sale and the highest per square foot, at an extremely impressive $2,037.30. Two secure parking spaces were included for a modern dwelling inside of Washington’s premiere bubble community—CityCenter spans more than five downtown blocks and includes over 40 upscale restaurants and retailers. Second place goes to an exclusive Life At The Top listing. Unit #1116 at the incredible VIO at The Wharf has one bed, one bath and 720 square feet of living space, with the added bonus of a private 275 square foot terrace with direct Capitol views. The gorgeous apartment with its open Euro-style kitchen sold for a grand over the asking price at $850,000, translating to a robust $1,180.56 per square foot.
Unit #31 at Westlight in the West End neighborhood had the third-highest size ratio price at $1,100.63 per square foot, as well as the second-highest overall closing price at $2,625,000. The modern three-bedroom, three-bath apartment with 2,385 square feet of space offers a chic white-on-white ambience with the palest of blonde wood floors. Unit #605 at Q14 in Logan Circle is another multiple category winner. The 1,700 square foot loft home with three bedrooms and 2.5 baths had the fourth-highest sales price at $1,849,900 and the fourth-highest price per square foot at $1,088.18. Soaring open ceilings, two stories of windows, floating stairs and an 800 square foot wraparound terrace sealed the deal.
Also in Logan Circle is our fifth-place winner, Unit #41 at Rainbow Lofts. The two-bedroom, two-bath residence with 1,323 square feet of space closed at $1,430,000, or $1,080.88 per sq. ft. The building was once the Rainbow Auto and Painting Company, and is part of Logan Circle’s famed Auto Row. Our sixth-highest size ratio honoree also happens to be the top overall sales price for the month. Unit #PH18B at Somerset House in Friendship Heights is an incredible penthouse with 3,554 square feet of living space that sold for $3,375,000. That equals $949.63 per square foot for the impeccable residence with three bedrooms, 3.5 baths, a library, a gourmet kitchen and a 900 square foot private roof terrace.
June, 2021 Highest Price New Listings
The summer real estate heat wave got off to a scorching start in June. Topping an impressive list is Unit #7C at the landmark Wardman Tower in Woodley Heights at $4,995,000. The 4,648 square foot apartment has three bedroom suites and 3.5 baths, and was decorated by Daryl Carter with the option to purchase turnkey. With oak herringbone floors, Danby marble and an eye-popping Chef’s kitchen, this residence is the stuff of dreams. Second place goes to Unit #3 at Kalorama Square in the affluent Kalorama neighborhood. Listed at $3,495,000, the elegant and completely renovated five-level townhome with four bedrooms, two full baths and two powder rooms, went under contract in just three days! A private elevator, huge stone fireplace and incredible flagstone private patio are a few of the other perks.
Unit #1502/1503 at the iconic Watergate in Foggy Bottom is the result of two one-bedroom cooperative apartments merging into one fabulous home. Offered at $2,900,000, the 2,900 square foot residence has the sleeping quarters positioned at opposite ends for maximum privacy. There’s two lofts, two fireplaces, two roof terraces, two parking spots and incredible Potomac River views! Next up is Unit #PH-17C at Somerset House in Friendship Heights, also commonly associated with the Chevy Chase neighborhood. Listed at $2,895,000, the two-bedroom, 2.5-bath penthouse has a very spacious 2,878 square foot floorplan, not to mention an extended wraparound balcony gazing out at the lush 17-acre gated Parc Somerset community with its many country club-style amenities.
Fifth place goes to Unit #32 at the grand old Beaux-Arts classic known by its street address—2029 Connecticut Avenue—in tony Kalorama. Offered at $2,850,000, the 3,200 square foot home has a staggering five bedrooms and 3.5 baths. There’s also a study and a reception room, and a renovated triangular-shaped gourmet kitchen. For our final entry we return to Woodley Park and Wardman Tower, originally built by the legendary Harry Wardman. Unit #6C is listed at $2,795,000, with three bedrooms, 3.5 baths and 3,123 square feet of space. With interior design by Akseizer Design Group, the residence merges modernity and tradition in one stunning package.