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Most Units Sold
The iconic Watergate in Washington’s Foggy Bottom neighborhood led the way with four sales in March. The midcentury modern complex includes a hotel, businesses, and three cooperative residential buildings. Among the month’s closings is the fifth-highest sales price for the month, Unit #1205-S, at $1,950,000. The fully redesigned apartment with three bedrooms, 3.5 baths and 3,340 square feet of stylish living space comes with the added bonus of a 1,347 square foot private roof deck. There were two buildings with three sales each, Lofts 14 in Logan Circle and The Signet in McLean. Unit #214 at Lofts 14 sold for $950,000 after listing for $899,000, thus capturing the third-highest list to sales price at 105.67 percent as well as the third-highest price per square foot at $1,000. The 1,042 one-bedroom residence also has a bonus terrace adding an additional 770 square feet. Unit #523 at The Signet sold for $1,999,000 representing the fourth-highest sale in March.
A whopping seven buildings had two closings each: 525 Water Street in Georgetown, Madrigal Lofts in Mount Vernon, Yale Steam Laundry also in Mount Vernon, Matrix in Logan Circle, Somerset House in Chevy Chase, The Columbia in the West End, and The Odyssey in Rosslyn. There were some real standouts in this group. Unit #PH18-D at Somerset House was the month’s third-highest sale at $2,250,000. Another highlight is Unit #223 at The Columbia, earning the month’s top list to sales ratio at 110 percent of asking. The one-bedroom, one-bath flat listed for $500,000 before being bid up to $550,000.
Closing out the category are two buildings with one sale each. Unit #PH2B at 2501 Penn in Mount Vernon was the highest sale of the month at $4,450,000 for the three-bedroom penthouse at one of Washington’s loveliest buildings. The 4,500 square foot residence also nabbed the fourth-highest price per square foot at $988.89 and was further notable for being the first closing at the building since November 2021. Closing out the list is the Ritz-Carlton West End with its white gloves service, combining a hotel with condo towers, and a long list of amenities.
Highest Sales Prices
Taking top honors in the highest sales category, as well as the price per square foot, is Unit #901 at the brand new Amaris in Washington’s Southwest Waterfront. The 3,430 sq. ft. residence with three bedrooms 4.5 baths sold for a stunning $6,552,500 which equals $1,910.35 per square foot. Amaris is perched right at The Wharf with incredible views of the Washington Channel and the Potomac River. This apartment hit the market with no public fanfare or photos, selling quietly and discretely but certainly causing some ripples with its price. Second place goes to a residence that would have topped the charts most other months of the year. Unit #PH3E at the full service Ritz-Carlton West End closed at $5,000,000. The spectacular penthouse has over 5,100 square feet of living space spread out over two levels, along with an incredible private roof deck that adds even more room for entertainment. Other features include three bedrooms, 5.5 baths, a private gym, and loft space.
Unit #PH2B was the first sale at 2501 Penn in Mount Vernon since November 2021, and the closing price of $4,450,000 more than made up for the lengthy drought. The 4,500 square foot penthouse with three bedrooms and 3.5 baths also had the fourth-highest price per square foot at $988.89. With an interior design by Barry Dixon, the ultra-tasteful two-level residence features coffered ceilings, a sweeping staircase, and a paneled library with fireplace. Second place went to Unit #2625 at the Waterview in Rosslyn. The three-bedroom penthouse with 2,165 sq. feet of living space and stunning views of the Potomac River sold for $2,695,000, and also earned top honors in the price per square foot contest at $1,212,47.
The third-highest sale was Unit #PH 18-D at Somerset House in Chevy Chase with a closing price of $2,250,000. The 2,770 square foot penthouse apartment has two bedrooms, 2.5 baths, a formal dining room, a library with built-ins, a laundry room, and an incredibly long balcony. Next is Unit #523 at The Signet in McLean. The two-bedroom, 2.5-bath residence with 2,552 square feet of living space, an open gourmet kitchen, and a two-sided fireplace, sold for $1,999,000.
Fifth place goes to Unit #1205-S at the Watergate in Foggy Bottom. The remodeled cooperative apartment with a spacious and modern 3,340 square foot layout sold for $1,950,000. There are three bedrooms, 3.5 baths, an 85-foot long balcony and the added bonus of a 1,347 square foot roof deck. Sixth place goes to Unit #41 at Rainbow Lofts in Logan Circle. The one-of-a-kind penthouse at the former Rainbow Auto Body & Painting Company building on Church Street sold for $1,750,000. With two bedrooms, two baths, two private balconies and 1,887 square feet of industrial chic living space, the residence is a true showcase with exposed brick walls, soaring ceilings, overhead ductwork, and enormous window walls that extend into skylights. Sliding glass doors open out to a 337 square foot private terrace with fire feature.
Highest Sales Price to List Ratio
Garnering top honors in the list to sales price ratio for March is Unit #233 at The Columbia in Washington’s West End neighborhood. The one-bedroom flat with a bonus den and one bath, listed for $500,000 and was bid up to $550,000 in just three days on the market, resulting in a sale at 110 percent of asking. The handsome apartment has an open kitchen, plantation shutters, and a private balcony. Second place goes to Unit #4B-W at St. Nicholas in Kalorama. The one-bedroom apartment with two full baths, a wood-burning fireplace and a spacious 1,334 square foot layout listed for $800,000 before selling for $850,000 or 106.25 percent of the original price. Notably, this was the first closing at the historic Beaux-Arts building since October 2021.
Coming in third was Unit #217 at Lofts 14 in Logan Circle. The loft-style condo with one bedroom, two baths, and an incredible 770 square foot private terrace was offered at $899,000 before selling for $950,000 or 105.67 percent. The residence also captured third place in the price per square foot category at $1,000. Unit #309 at The Wyoming in Kalorama nabs fourth place, listing for $535,000 and selling for $565,000 (106.61 percent). The two-bedroom apartment is at one of Washington’s “Best Addresses” with a stunning lobby, rooftop deck and gardens.
Fifth place goes to Unit #502 at The Edgemoor in Bethesda. The two-bedroom, 2.5-bath residence with a 2,384 square foot floorplan sold for $1,485,000 after listing for $1,450,000. That equals 102.41 percent of asking for the elegant condo with a bonus den. It’s a return to Kalorama to close out this list, with Unit #55M at 2029 Connecticut selling for $1.5 million. That’s 100.33 percent of the original price of $1,495,000. The lovely two-bedroom apartment with two baths and 1,900 square feet of living space features soaring ceilings, exquisite architectural details, and an updated gourmet kitchen.
Highest Prices Per Square Foot
Topping the price per square foot category is Unit #2501 at the coveted Waterview in Rosslyn. This fabulous penthouse with 2,165 square feet of exquisite livings space, wraparound windows, and stunning views of the Potomac River sold for $2,626,000 or $1,212.47 per square foot. The three-bedroom penthouse was also the second-highest sale in March. Unit #310 at The Matrix in Logan Circle came in second at $1,020.28 per sq. foot. The 800 square foot one-bedroom apartment with 1.5 baths, wood floors, and a split-level loft-style layout sold for $590,000.
Unit #217 at Lofts 14 in Logan Circle not only took third place honors in the size category at $1,000 per square foot, it also came in third in the list to sales category at 105.67 percent of asking. The hipster loft-style condo with one bedroom, two baths, and a huge 770 square foot private terrace sold for $950,000. Fourth place goes to Unit #PH2B at 2501 Penn in Mount Vernon. This very impressive penthouse with 4,500 square feet of living space, also boasts the highest sales price in March at $4,450,000, translating to $988.89 per sq. foot. With an interior makeover by Barry Dixon, this two-level home was the first sale at the popular building since November 2021.
Unit #68 at Westlight in the West End neighborhood captures fifth place. The 637 square foot flat sold for a tidy $625,000 or $981.16 per sq. foot. Though not large, the apartment is highly appealing with its modernist design and giant windows. Unit #301 at 525 Water Street in the Southwest Waterfront wraps things up at $951.65 per square foot. The three-bedroom, two-bath condo with 1,365 square feet of living space and water views from every room, sold for $1,299,000. The rarely available corner unit with 10-foot ceilings is located by the banks of the Potomac River and the Washington Channel, strolling distance from The Wharf and its many attractions.
March 2023 Highest Price New Listings
There were some spectacular new listings in March, topped by Unit #101 at Amaris in the Southwest Waterfront. The three-bedroom, 4.5-bath residence listed for $7,000,000 with 3,660 square feet of living space and sweeping views of the Washington Channel from massive window walls on three sides. This curved, twisting building was completed in 2022, and is perched right by the water at The Wharf. Second place goes to Unit #93 at the fabulous Westlight in the West End neighborhood. Priced at $6,250,000, the sophisticated three-bedroom, 3.5-bath apartment was designed by Solis Betencourt & Sherril, and offers giant windows, an open gourmet kitchen, numerous custom finishes, and 3,051 sq. feet of airy space.
Unit #8H at the always popular 3303 Water Street in Georgetown comes in at a very close third place for $6,195,000. The 2,900 square foot penthouse with three bedrooms and three baths boasts a 1,400 square foot roof level terrace with a full kitchen and the most exquisite views of the Potomac River. Located at 1314 Vermont Avenue in Logan Circle is a beautifully renovated five-bedroom, five-bath penthouse in a classic Federal-style rowhouse originally built in 1872. With an asking price of $4,950,000, this home represents timeless elegance.
Fifth place goes to Unit #5E at the Ritz-Carlton West End. The three-bedroom, three-bath condo was completed remodeled in 2018, resulting in a true showcase living experience, including an incredible chef-style kitchen. Listed at $4,950,000, the residence also features a 550 square foot private terrace. Closing out this exceptional list is Unit #2308 at Turnberry Tower in Rosslyn. Offered at $4,800,000, the 4,463 square foot apartment with a private elevator serves up incredible views of the Potomac River and all the way across to Georgetown, from its giant windows as well as from the sweeping terrace.
