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DC Luxury Condo Sales like Life At The Top
June, 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
Monarch is a brand new 20-story luxury tower in McLean, Virginia with 94 condo residences and resort-style amenities including full-service staff, a giant outdoor swimming pool, a state-of-the-art fitness center, yoga studio, rooftop terrace, The Crown penthouse club, ground level retail, and even a butterfly garden. Located within the new Arbor Row mixed-use development, Monarch was very recently completed, and its first slew of sales activity shows a remarkable eight closings in the month of June. Among that grouping is Unit #904, a two-bedroom, 2.5-bath flat that sold for its full asking price of $1,838,000. The building at 7887 Jones Branch Drive is in a rapidly expanding area as the Tysons and McLean neighborhoods come together.
Two buildings in the Rosslyn waterfront community had an impressive four sales each: Atrium and Turnberry Tower. Each of these luxury addresses earned additional recognition in the List to Sales Ratio category. Unit #125 with one bedroom and one bath at Atrium sold for $480,000 after listing for $475,000 (101.05 percent) while Unit #1204 at Turnberry Tower sold for the full asking price of $1,160,000. There were three buildings with three sales each: 1745 N in Dupont Circle, The Pennsylvania in the Penn Quarter community, and the iconic Watergate in Foggy Bottom. Unit #306 at 1745 N captured the month’s third highest list to sales price, with the two-bedroom, 1.5-bath modern flat listing for $659,000 before selling for $665,000 (100.91 percent).
There were no fewer than seven buildings with two closings each. This bountiful grouping includes 3303 Water Street in Georgetown, Gallery Place in Chinatown, City Vista in Mount Vernon Triangle, The Willison in Logan Circle, Union Row in the U Street Corridor, and The Pierce as well as Wooster & Mercer, each in Arlington’s Rosslyn neighborhood. Model #D5 on the sixth floor of the new construction Pierce building sold for $2,479,000 after just one day on market. The two-bedroom, 2.5-bath apartment with a bonus den and a huge private terrace was the fourth highest condo sale in June. Meanwhile, Unit #928 at Gallery Place captured first place in the monthly list to sales contest. The one-bedroom, one-bath condo with 668 square feet of living space listed for just $349,000 but wound up selling for $354,000, equaling 104.42 percent of asking.
Highest Sales Prices
Topping the highest sales prices in June is Unit #PH-D at the landmark Wardman Tower in Woodley Park. The three-bedroom, 3.5-bath duplex with an extremely spacious 4,527 square foot layout sold for $4.5 million. This was the last remaining eighth-floor penthouse, and it includes a large private rooftop deck, as well six inch wide Admonter oak floors with herringbone details, a formal dining room, multiple living spaces, a chef-worthy kitchen with Henrybuilt cabinetry, and beautiful upstairs bedroom suites with marble baths. Unit #405 at Hampden Row in Bethesda takes second place with a sales price of $2,990,000. The elegant condo has three bedrooms, 3.5 baths, 2,780 square feet of living space, and an incredible 2,100 square foot landscaped outdoor terrace.
Third place goes to Unit #PH13 at the very modern VIO in the Southwest Waterfront. This fabulous penthouse sits atop The Wharf and boasts a two-level layout plus the most extraordinary wraparound private roof deck with 270 degree panoramic views. The three-bedroom, 2.5-bath home in the sky sold for $2.5 million. Fourth place goes to a new construction sale with Model #D5 on the sixth floor of the Pierce tower in Rosslyn selling for $2,479,000. The two-bedroom, 2.5-bath apartment with a bonus den, a large private terrace, and a modern 2,382 square foot floorplan is located within a new resort-style community.
The fifth highest sale belongs to Unit #6CE at St. Nicholas in the heart of the desirable Kalorama neighborhood. The two-bedroom, 2.5 bath penthouse sold for $2,189,000 and features a complete renovation from Michael K. Bell Interior Design. The two-level residence is an absolute showcase with a stunning main kitchen, a floor-to-ceiling contemporary stone wood-burning fireplace, and a 1,200 square foot private rooftop terrace with 360 degree views. Closing out this very impressive list of condos is Unit #PH2 at The Bower in the Navy Yard neighborhood. The three-bedroom penthouse with 3.5 baths sold for $2,000,000. Among the many features are a modern open gourmet kitchen, an office/den, a giant main living area, a laundry room with coffee bar and wine cooler, and a private rooftop deck with gas grill.
Highest Sales Price to List Ratio
The highest list to sales ratio in June is a one-bedroom, one-bath condo that was modestly priced and hotly pursued. Unit #928 at the Residences at Gallery Place in Chinatown came to market with an asking price of just $349,000. But the 668 square foot flat with its striking hardwood floors, open gourmet kitchen, and huge windows overlooking the urban landscape, was bid up to $354,000 or 104.42 percent of the original list amount. Second place goes to Unit #125 at Atrium in Arlington’s Rosslyn neighborhood. Originally priced at $475,000, the one-bedroom, one-bath apartment with 765 square feet of interior space sold for $475,000, translating to 101.05 percent of list. The ground floor residence with its 11-foot ceilings, also boasts its own huge sunny patio with tall walls and a gate to the street.
Unit #306 at 1745 N in Dupont Circle nabs third place in this category, listing at $659,000 before closing at $665,000 (100.91 percent). The project from PGN Architects combines a stretch of old townhouses dubbed Historic Row with a new six-story modern structure called The Flats at 1745 N. The two-bedroom, 1.5-bath residence is in the Flats building. Fourth place was captured by Unit #24 at Bryan School Lofts on Capitol Hill. The two-bedroom, two-bath residence listed for $1,249,000 and sold for $1,250,000 (100.08 percent). With exposed brick walls, overhead ductwork, and beautiful hardwood floors, the 2,128 square foot condo is part of a historic former schoolhouse built in 1902 and transformed into luxury lofts in 2008.
Fifth place goes to Unit #908 at the brand-new Monarch, a luxury tower in McLean with resort-style amenities. The two-bedroom condo with 2.5 baths and 1,900 square feet of space sold for its full asking price of $1,838,000 (100 percent). This was one of eight sales at the new building in June. Amenities at Monarch include a 24/7 front desk and concierge service, a rooftop deck, a state-of-the-art fitness center, a yoga studio, a private penthouse club as well as an additional residents’ lounge, a huge swimming pool, and a butterfly garden. Closing out the list is Unit #1204 at Turnberry Tower overlooking the Potomac River in the Rosslyn neighborhood. The one-bedroom apartment with a bonus den, two baths, direct elevator access and a sweeping balcony went under contract in 12 days and closed for the full asking price of $1,160,000.
Highest Prices Per Square Foot
Unit #PH13 at VIO in the Southwest Waterfront captures the highest price per square foot in June at $1,388,89. The 1,800 square foot two-story penthouse also earned third place honors in the overall price category with its $2.5 million sale. The three-bedroom residence with 2.5 baths sits stop The Wharf, overlooking the Washington Channel, and also features an incredible wraparound private roof deck that has been expanded in size, resulting in 270 degrees of stunning views. Second place goes to another waterfront condo, this time Unit #5D at 3303 Water Street in Georgetown. The 1,140 square foot residence has an open floorplan, a primary suite with bath, and additional full bath, giant windows overlooking the canal, and three separate balconies. It sold for $1,725,000, translating to $1,197.92 per square foot.
Unit #52 at Westlight in the West End neighborhood has the third-highest price per square foot. The two-bedroom, two-bath modern apartment with 1,696 square feet of living space sold for $1,899,000 which equals $1,119.63 per square foot. Westlight with its uniquely staggered glass façade was designed by Enrique Norten and features the city’s only 25-meter heated rooftop pool. Unit #405 at Hampden Row in Bethesda not only had the fourth-highest price per square foot at $1,075.54, but it was also the second-highest overall sale at $2,990,000. The three-bedroom, 3.5-bath apartment with 2,780 square feet of interior space extends the living and entertainment options with a massive 2,100 square foot private rooftop terrace.
Fifth place in the price per size category goes to Unit #6CE at the historic St. Nicholas in the Kalorama community. The two-bedroom, 2.5-bath duplex penthouse with a stunning makeover from Michael K. Bell also nabbed the fifth-highest sale for a condo or co-op in June at $2,189,000 or $1,056.47 per square foot. Add on a 1,200 square foot rooftop deck with 360 degree views of Washington and the picture becomes even more alluring. Our sixth place honoree is Model #D5 on the sixth floor of the new luxury Pierce building in Rosslyn. The two-bedroom residence with a den, 2.5 baths, a private terrace and 2,382 square feet of living space was also the fourth-highest condo sale in June at $2,479,000, equaling $1,040.72 per sq. foot.
June 2023 Highest Price New Listings
Leading the list of highest priced new listings in June is Unit #7D at the legendry Wardman Tower in Woodley Park. The three-bedroom, 3.5-bath residence with 4,6448 square feet of impeccably renovated living space is listed at $3,995,000. The landmark address was originally built by Henry Wardman in 1928 and has more recently gone through a length restoration by Deborah Berke Partners, the prestigious NYC architectural firm. Second place goes to another iconic address, with Unit #501 at the Watergate listing for $3,495,000. The two-bedroom co-op in the Foggy Bottom neighborhood has a den, 3.5 baths, 2,740 square feet of interior space, and a sweeping 90-foot balcony with access from every room, and panoramic views of the Potomac River.
Coming in a close third is Unit #1C at the posh Ritz-Carlton Georgetown. Priced at $3,300,000, the three-bedroom apartment with 3.5 baths and 2,644 square feet of living space includes updates and design features by Andrew Law, along with walls of windows, a private terrace, and lovely views of the Potomac River. Waterfront themes continue with Unit #906 at the new Amaris luxury tower at The Wharf in Washington’s Southwest Waterfront neighborhood. Listed at $2,820,000, the two-bedroom flat with 2.5 baths offers 2,130 square feet of living space along with a private balcony and views of the Washington Channel. The location is picture perfect and the building with its twisting glass façade offers an eye-popping array of amenities including an indoor saltwater pool and an automobile elevator!
Heading across the river to Rosslyn, Unit #2004 at Turnberry Tower is listed at $2,650,000. The spectacular upper level residence offers two ensuite bedrooms and a third ensuite office/den with French doors that can also serve as a third bedroom. The 2,655 square foot apartment also comes with a private elevator, Brazilian walnut floors, a bonus powder room, gourmet kitchen, and extended private balcony. It’s back to Amaris for our final entry. Offered at $2,600,000, Unit #905 features two bedrooms, 2.5 baths, 2,355 square feet of interior space, curved glass window walls, and panoramic skyline views from the water to the Capitol, from two sweeping balconies.