Nobody has their finger on the pulse of DC Luxury Condo Sales like Life At The Top
April, 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
Three buildings had three closings each in April: Amaris in the Southwest Waterfront, 555 Mass in Mount Vernon Triangle, and Verse in Tysons. Amaris with its twisting façade is home to Unit #PH1, a stunning 5,790 square foot penthouse that shattered all previous condo sales records in Washington, DC with a $12,762,000 closing. The four-bedroom residence with five full and two partial baths also captured the top price per square foot at $2,204.15 as well as the second-highest list to sales ratio at 102.10 percent.
There were eight buildings were two sales each. The Bryan School Lofts on Capitol Hill is a historical landmark, City Vista in Mount Vernon Triangle is comprised of three luxury buildings, Ritz-Carlton in the West End neighborhood offers white gloves service, The Beauregard in the U Street Corridor is modern and desirable, The Sonata in Mount Vernon is a true loft style condominium, the iconic Watergate in Foggy Bottom needs no introduction, Turnberry Tower in Rosslyn is the tallest residential building in the region, and VIO at The Wharf combines new construction luxury with point blank views of the Washington Channel.
From this substantial list, Unit #1104 at VIO had the second highest price per square foot in April. The super sleek two-bedroom, two baths, with views of the water from the private terrace and 1,130 square feet of living space sold for $1,253,500, translating to $1,109.29 per square foot. Also notable, Unit #4D at the Ritz-Carlton West End had the third highest sale of the month at $1,650,000 while Unit #1603 at Turnberry Tower had the fourth highest closing at $1,635,000. Rounding out our Top 12 is CityCenterDC in Mount Vernon Triangle with one closing. Unit #501 is a one-bedroom, one-bath corner residence with 981 square feet of living space and giant window walls, that sold for $750,000. The two condo towers at CityCenter are part of an exciting 10-acre outdoor mall and mixed-use lifestyle experience with over 40 upscale retailers and restaurants, a hotel, a park, and more.
Highest Sales Prices
There was one clearcut winner for the highest sales price in April. This residence was also the highest new listing for the same month, the highest price per square foot, the second highest list to sales ratio, and the highest priced condo sale for all time in the region. Unit #PH1 at the new Amaris luxury high-rise in the Southwest Waterfront is part of The Wharf, the District’s most exciting new destination place. The penthouse with four beds, five full baths, two powder rooms, and a huge private terrace, has 5,790 sq. feet of living space, and curved window walls on three sides offering amazing views of the Washington Channel and the Potomac River. After listing for $12,500,000, the apartment sold for $12,762,000, equaling 102.10 percent of asking and $2,204.15 per square foot. Second place goes to Unit #214 at Lofts 14 in Logan Circle. The super-hip three-bedroom developer’s unit with two baths and 2,000 square feet of living space also has a 2,000 square foot private terrace with its own swimming pool! The two-level city home sold for $2,195,000. It also had the third highest price per square foot at $1,097.50.
Unit #4D at the Ritz-Carlton West End had the third highest sales price at $1,650,000 as well as the fifth highest price per square foot at $924.37. The 1,785 sq. ft. apartment with two bedrooms and 2.5 baths was designed by Victor Shargai. Coming in fourth in the highest sales category and sixth in the price per sq. ft. was Unit #1603 at Turnberry Tower in Rosslyn. The two-bedroom, 2.5-bath apartment with 1,803 square feet of space, a private elevator and two sweeping balconies sold for $1,635,000 ($906.82).
Unit #1580 at the new Pierce full service condominium in Rosslyn nabs fifth place at $1,580,000. The two-bedroom, two-bath luxury flat with 1,953 square feet of living space also has a bonus den and direct elevator access. Our final honoree is Unit #904 at the exclusive Somerset House within Chevy Chase’s gated Parc Somerset community. The two-bedroom, 2.5-bath apartment with a spacious 2,081 square foot layout and an extended private terrace closed at $1,450,000.
Highest Sales Price to List Ratio
Topping the highest list price to sales ratio category in April is Unit #31 at Rainbow Lofts in Logan Circle. The one-bedroom, one-bath residence with 788 square feet of living space listed for $635,000 and was bid up to $650,000, representing 102.36 percent of asking. The condo with its soaring ceilings, giant windows, and exposed brick walls, is part of a former auto body and paint warehouse. Second place goes to Unit #PH1 at Amaris in the Southwest Waterfront neighborhood. The stunning four-bedroom penthouse with five full and two half baths, and 5,790 square feet of living space, listed for $12,500,000 before selling for $12,762,000, translating to 102.10 percent of the original price. It was also the highest sales price for the month as well as the highest price per square foot at $2,204.15.
On the other side of the river, Unit #524 at Atrium in the Rosslyn waterfront neighborhood takes third place with its $750,000 closing representing 102.04 percent of its $735,000 asking price. Features of the two-level apartment include two bedrooms, two baths, 1,230 square feet of renovated living space, and a big private balcony. Placing fourth is Unit #1 at the Chinese Embassy in Adams Morgan. The one-bedroom, 1.5-bath condo with 977 sq. ft. of space and 12-foot ceilings in the grand living room with its wood burning fireplace, sold for $690,000 or 101.47 percent of its original list price of $680,000. The sale is also notable for being the first at the historic former embassy since August 23, 2021.
Fifth place goes to Unit #429 at The Lafayette in Penn Quarter. The 810 square foot modern flat with one bedroom, one bath, and an open floor plan, sold for $474,200 after being initially priced at $469,000 (101.11 percent). Closing this month’s chapter on the list to sales ratios is Unit #1509 at the new Verse condo tower in Tysons. The one-bedroom, one-bath condo with 774 square ft. of space sold for the full asking price of $650,000. Verse is part of the new mixed-use Boro Community in a rapidly evolving area as Tysons and next-door McLean each expand, blurring their common boundaries.
Highest Prices Per Square Foot
Unit #PH1 at Amaris in the Southwest Waterfront tops the charts in the price per square foot category in April. The 5,790 square foot penthouse with fabulous views of the Washington Channel and Potomac River from its giant window walls and outdoor deck, sold for a record-breaking $12,762,000, equaling $2,204.15 per square foot. The four bedroom residence also nabbed the highest sales price for the month and the second highest list to sales ratio. Amaris is a new luxury tower at The Wharf just steps from boat slips and restaurants. Second place goes to another new condominium at The Wharf. Unit #1104 at VIO has two bedrooms, two baths, and 1,130 sq. ft. of interior space. It sold for $1,253,500, or $1,109.29 per square foot. The apartment has white Porcelanosa tile flooring, a glossy white kitchen, a unique rippled back-lit plaster wall in the living area, and a private terrace overlooking the docks.
Unit #214 at Lofts 14 in Logan Circle grabs third place in the size sweepstakes as well as second place in the highest sales price category. The two-level loft residence with 2,000 square feet of living space sold for $2,195,000, translating to $1,097.50. This unique condo was built for the building’s developer and doubles its size with a 2,000 square foot terrace. It even has its own private swimming pool. Unit #816 at Union Row in the U Street Corridor earns fourth place, selling for $1,100,000 or $948.28 per square foot. The two-bedroom, two-bath condo with 1,160 sq. ft. of living space also has a 1,500 square foot terrace with cityscape views.
Fifth place goes to Unit #4D at the Ritz-Carlton West End. The two-bedroom, 2.5-bath apartment with 1,785 square feet of living space was designed by Victor Shargai with lovely wood paneled walls. It was also the third highest sale for the month at $1,650,000, or $924.37 per square foot. Finishing up this impressive list is Unit #1603 at Turnberry Tower in Arlington’s Rosslyn neighborhood. The two-bedroom, 2.5-bath apartment with 1,803 sq. ft. of interior space had the fourth highest sales price and the sixth highest price per square foot, closing at $1,635,000 or $906.82 per square foot.
April 2023 Highest Price New Listings
April ushered in a full slate of extraordinary new listings, each of which could have topped the highest price category for most months. Let’s start with Unit #PH1 at Amaris in Washington’s Southwest Waterfront. This remarkable penthouse listed for $12,500,000 and has already sold for $12,762,000. The 5,790 square foot penthouse at The Wharf has stunning views of the water from three sides of curved glass window walls. The second-highest priced new listing for the month is Unit #PH-20B at Somerset House in Chevy Chase with an asking price of $10,500,000. The two-level penthouse has soaring ceilings, four bedrooms, 7.5 baths, and an incredible 9,129 square feet of living space. There is also a chef’s dream kitchen, a banquet-sized dining room, a wet bar, spiral stairs, and two huge terraces.
Third place goes to Unit #PH-5 at The Elliot, a new boutique building in the heart of Georgetown with just five spacious residences, one for each floor. Listed at $7,750,000, the three-bedroom, 3.5-bath penthouse with 3,527 square feet of modern living space has a private elevator, 7-inch wide white Italian Oak flooring, a showcase glossy white kitchen, and a beautifully landscaped private roof deck. Next up is another penthouse at Amaris that has already sold. Unit #PH3 with three bedrooms, 4.5 baths, and 3,555 square feet of space, closed at $6,220,000.
Fifth place goes to Unit #901/902 at CityCenter in Mount Vernon Triangle. This rare example of two units merged into one is listed at $5,995,000. The four-bedroom, 3.5-bath condo has 2,816 square feet of renovated living space, including a lovely 375 square foot landscaped terrace, an additional balcony for the bedroom wing, a private office, and a temperature controlled wine room capable of storing 2,300 bottles! Closing out the list is Unit #2601 at the new resort-style Pierce condominium in Arlington’s Rosslyn waterfront neighborhood. Offered at $4,400,000, this is the building’s crown jewel penthouse with three bedrooms, 2.5 baths, 2,564 square feet of living space, and a private roof terrace that chips in more than 1,000 square feet of outdoor space!
