Nobody has their finger on the pulse of DC Luxury Condo Sales like Life At The Top
October, 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
There were two buildings in the Washington, DC area with three sales each in October: City Vista in the Mount Vernon Triangle and Somerset House in Chevy Chase. Somerset House is the condominium component in the exclusive gated Parc Somerset community with its country club-style amenities, and is home to Unit #1507, the month’s fourth-highest closing in the list-to-sales ratio at 101.80 percent. The two-bedroom, 2.5-bath apartment has a spacious 2,092 square foot layout, with a bonus den and an extra-long private terrace with lovely treetop views. The condo sold for $1,425,250 after listing for $1,400,000. Unit #615 at City Vista closed at $965,000 after listing for $949,000, equaling 101.69 percent of asking. The two-bedroom, 2.5-bath condo has a den, a private balcony and 1,433 sq. ft. of interior space.
There were no fewer than 10 buildings with two sales each! One of the two sales at 1055 High in Georgetown figures prominently in October’s highlights, having captured the second-highest sales price, and the top price per square foot. Unit #3W with three bedrooms, 3.5 baths and 3,538 sq. ft. of living space sold for $4.4 million, translating to $1,243.64 per square foot. Unit #302 at Butterfield House on Capitol Hill is one of two sales at the desirable address, listing for $450,000 and closing at $463,250, making it the second-highest in the list-to-sales ratio at 102.94 percent. Unit #8B at 22 West in the West End neighborhood is one of two sales in the building, as well as the sixth-highest in the price per sq. ft. category at $975.31. The roomy one-bedroom with two baths and a bonus den measures out at 1,215 square feet and sold for $1,185,000.
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The other buildings with two closings each in October include 1661 Crescent Place in Adams Morgan, Adams Alley which is also in Adams Morgan, 1745N in Dupont Circle, Metropole in Logan Circle, St. Nicholas in Kalorama, and the iconic Watergate in Foggy Bottom. Also notable is the first sale at The Presidential in Dupont Circle since December 20, 2019! This exclusive Life At The Top listing at one of Washington’s “Best Addresses” is the result of two apartments being combined into one stunning 1,700 square foot co-op with beautifully restored original details plus new modern updates.
Highest Sales Prices
The month of October delivered some eye-popping real estate sales in the nation’s capital. It begins with Unit #PH2E at the Ritz-Carlton Georgetown. The two-story penthouse with 6,577 square feet of living space, plus three private terraces combining for another 2,800 sq. ft., went under contract in just two days. The offer was at the full list price of $7,850,000, closing the day after the offer was accepted. Somebody really wanted this city home in the sky, with its four bedrooms, four full baths, two half-baths, gorgeous hardwood floors and a rooftop deck. Next up is another impressive Georgetown residence, Unit #3W at 1055 High. Not only did the three-bedroom, 3.5-bath apartment take second place in the highest priced sweepstakes at $4.4 million, it also captured the highest price per square foot at $1,243.64. With sunny exposures on three sides, the residence boasts an open Boffi kitchen, a den with fireplace, and a large private terrace.
Third place goes to Unit #23 at the highly modern Westlight building in the West End neighborhood. The three-bedroom, three-bath designer model with 3,021 square feet of space has a library, pale oak floors, and a super chic open kitchen with panelized appliances set into stark white floor-to-ceiling cabinetry. The condo sold at its full asking price of $3,615,000. Next up is Unit #117 at Shoreham West in Woodley Park. The two-bedroom, 2.5-bath co-op with a den was designed by Winthrop Faulkner. The mid-century modern residence sold for $1,995,000.
Fifth place goes to Unit #PH19 at VIO at The Wharf. The two-level penthouse with three bedrooms and two baths is a true showcase residence. The main living quarters plus a gourmet kitchen are at the first level, with a stylish staircase leading up to a loft with wet bar and a 600 square foot private terrace. The waterfront pad with 1,530 sq. ft. of interior space sold for $1,775,000; it also captured the fourth-highest price per square foot at $1,160.13. Rounding out this list is Unit #5BW at St. Nicholas in Kalorama. This grand old Beaux Arts building with its charm and luxury dates back to 1917. The three-bedroom unit with 2.5 baths sold at full price for $1,649,500, and is a great example of old world style merging with new modern upgrades.
Highest Sales Price to List Ratio
Topping the list of over-asking sales prices in October is Unit #705 at Lionsgate in Bethesda. The elegant corner apartment with two bedrooms, two baths and 1,665 sq. ft. of living space, gets tons of natural light from its oversized windows, bathing the lovely wood floors in a radiant glow. After listing for $1,115,000, the condo ultimately closed at $1,201,000, translating to 104.43 percent of asking. Second place goes to Unit #302 at Butterfield House on Capitol Hill. The one-bedroom, one-bath flat with richly hued hardwoods and a huge window bay in the living area, had been offered at $450,000 before closing at $463,250, or 102.94 percent.
Unit #311 at the Kalorama Lofts in the Kalorama neighborhood captures third place honors, having listed for $949,900 before selling for $975,000, representing 102.64 percent of the original price. The two-bedroom, two-bath residence has a unique half-circle floorplan, with industrial chic finishes and a fun private balcony. Fourth place goes to Unit #1507 at Somerset House in the exclusive Parc Somerset gated community in Chevy Chase. With two bedrooms, a den, 2.5 baths and 2,092 square feet of luxurious living space, the swanky apartment sold for $1,425,250 after listing for $1.4 million (101.80 percent).
In fifth place is Unit #615 at City Vista in the Mount Vernon Triangle. The two-bedroom, 2.5-bath apartment has a large den that’s perfect for working from home, as well as a modern open gourmet kitchen, a private balcony and 1,433 square feet of living space, It closed at $965,000 after listing for $949,000, equaling 101.69 percent. Our final honoree in October’s price to sales ratio is Unit #401 at Union Row in the U Street Corridor. This two-bedroom, two-bath modern flat with soaring ceilings and exposed overhead ductwork, also comes with a chic open den/office and a delightful private terrace. Other features include beautiful hardwood floors and a Euro-style gourmet kitchen that recesses into a single wall. The apartment was offered at $785,000 and sold for $790,000, or 100.64 percent of the original price.
Highest Prices Per Square Foot
Topping the highest sales price per square foot in October is Unit #3W at 1055 High in Georgetown, just about a block from the Potomac River. The three-bedroom, 3.5-bath residence boasts a 3,538 square foot floorplan, and was also the second-highest condo sale for the month at $4,400,000. That turns out to be a sturdy $1,243.64 per sq. ft. for the sunny property with exposures on three sides. Features include an open gourmet kitchen, a den with a fireplace, and a wonderful private terrace. Unit #PH2E at the Ritz-Carlton Georgetown came in second in this category, and also nabbed the highest overall sales price in October. The 6,577 sq. foot, two-story penthouse with four bedrooms, a study and an office, closed at full price just three days after listing, for a whopping $7,850,000, translating to $1,193.55 per square foot. Three private terraces combine for an additional 2,800 square feet of outdoor space.
Unit #23 at Westlight in the West End takes home third place honors in both the cost per measurement and overall sales price categories. The 3,021 sq. ft. modernist apartment sold at full price for $3,615,000, or $1,192.68 per square foot. The flat is a vision in white, from the sleek panelized kitchen to understated yet very luxe baths. Unit #PH19 at VIO on The Wharf takes fourth place in the price per sq. ft. sweepstakes as well as the fifth-highest sales figure. The two-level penthouse with 1,530 square feet of living space sold for $1,775,000, equaling $1,160.13 per square foot. The super stylish pad also has a private roof deck.
Coming in fifth is Unit #701 at the Residences at Market Square in Penn Quarter. The 1,290 sq. ft. apartment with two bedrooms and two baths was recently renovated from the studs out by renowned designer Thomas Pheasant. The residence sold for $1,440,000, or $1,116.28 per square foot. The many features include a Bulthaup kitchen, an office and a large private terrace. Closing out the list is Unit #8B at 22 West in the West End. The one-bedroom apartment with a den and two baths offers 1,215 square feet of space and sold for $1,185,000, translating to $975.31 per sq. ft. Massive window walls, a Euro-style gourmet kitchen and a private balcony also lend to the appeal.
October, 2021 Highest Price New Listings
October ushered in some spectacular new real estate listings in the Washington Metro region. The list of highest-priced properties begins with Unit #PH2A at the Ritz-Carlton Georgetown near the Potomac River in Georgetown. Offered at $9,975,000, the 6,145 square foot two-story penthouse has already gone under contract. Features include a private elevator, four bedrooms, five full and two half-baths, spiral stairs and over 3,000 square feet of multiple terraces, including a roof deck overlooking the river. Also at the Ritz-Carlton Georgetown is another stunning penthouse, Unit #PH2E with two levels, four bedrooms, four full baths, two half-baths and 6,577 sq. ft. of living space, and 2,800 sq. ft. of private outdoor space. Listed at $7,850,000, the showcase residence received a full-priced offer in just two days, and has already closed!
Third place goes to another impressive two-story penthouse, Unit #PH1215E at The Towers Condominium in the Cathedral Heights neighborhood. Priced at $5,999,999, the six-bedroom duplex has 5.5 baths and a 9,450 square foot layout. This was the personal residence for the mid-century building’s developer, noted philanthropist Melvin Gelman. Listed in James Goode’s “Best Addresses,” it has been a staple showcase for lavish events over the years, and has been painstakingly restored over the past eight years. Marble, gold, soaring ceilings and crystal chandeliers, are just a few of the trimmings. Fourth place goes to Unit #7G at 22 West in the West End neighborhood. Listed at $3,895,000, the three-bedroom, 3.5-bath apartment with 2,995 square feet of space is bright, airy and open with hardwood floors and giant window walls. There are two private balconies, a modern open kitchen, and a den/library.
We move across the river to Turnberry Tower in Rosslyn for fifth place. Offered at $3,200,000, Unit #1902 comes with three bedrooms, a den, 3.5 baths, a 3,045 square foot layout and a private elevator. New hardwood floors and a marble foyer are part of the recent improvements. Closing out the list is Unit #709 at the Watergate South in Foggy Bottom. Listed at $2,995,000, the 2,705 square foot co-op has two bedrooms and 3.5 baths, and has been impeccably renovated in partnership with world-renowned designer Victor Shargai. The eye-popping features include an amazing modern kitchen, a giant owner’s suite with two en-suite baths, maple full-height built-ins, and a private terrace spanning the apartment and offering exquisite river views.
