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DC Luxury Condo Sales like Life At The Top
September, 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
The legendary Watergate in Foggy Bottom led the way for the second month in a row, notably scoring six sales in September. One of the transactions, Unit #107, distinguished itself with the fourth highest sales price and the third highest list to sales ratio in September. The 2,092 square foot townhouse-style residence with three bedrooms and 2.5 baths embodies the mid-century modern ethos that the storied complex is so well known for. The coop sold for $1,779,000 after listing for $1,750,000, equaling 101.66 percent of the original asking price. Memorial Overlook in Arlington’s Rosslyn neighborhood had three sales in September. These were the first transactions at the high end building since October of 2021. Included in the closings is Unit #601 with honors in three different categories. The three-bedroom penthouse with 2.5 baths, 2,374 square feet of luxurious living space and panoramic views of the city and the Potomac River had the third highest sales price at $2,152,000, the fifth highest list to sales ratio at 100.09 percent, and the fifth highest price per square foot at $906.49.
There were four buildings with two closings each: Q14 in Logan Circle, Somerset House in Chevy Chase, The Waterview in Rosslyn and Turnberry Tower, also in Rosslyn. From this grouping, Unit #1606 at Somerset House had the fifth highest sale for the month at $1,700,000, while Unit #1503 at Turnberry Tower had the sixth highest closing at $1,600,000 as well as the sixth highest price per square foot at $887.41.
Six buildings nabbed one sale each: 22 West in the West End neighborhood, Chase Point in Friendship Heights, Clara Barton in Penn Quarter, and 555 Mass, City Center, and City Vista, each in the Mount Vernon Triangle neighborhood. Of these six, three have additional distinctions in the month of September. Unit #407 at Chase Point had the fourth highest list to sales ratio with the two-bedroom, two-bath flat listing at $1,289,000 before ultimately closing at $1,300,000 (100.85 percent). Unit #3L at 22 West captured the third highest price per square foot. The posh apartment with two bedrooms, a bonus den, two baths, and 1,401 square feet of space sold for $1,360,000 translating to $970.74 per square foot. And finally, Unit #1010 at City Center had the fourth highest price per square foot. The nifty one-bedroom, one-bath flat with a 635 sq. ft. layout closed at $585,245, or $970.74 per square foot.
Highest Sales Prices
Capturing the highest sales price in September is Unit #PH106 at the fabulous Westlight in Washington’s West End neighborhood. The 2,477 square foot penthouse with three bedrooms and three baths also nabbed the highest price per square foot, selling for $2,900,000 which translates to $1,170.77 per sq. foot. Giant windows, cityscape views, wide-plank floors, and a fantastic open kitchen are all part of the package. Unit #1804 at Monarch in Tysons brings home second place with its $2,303,000 closing price, as well as second place in the price per square foot category at $980.00 and sixth place in the sale to list contest at 100 percent. The brand new two-bedroom apartment has a spacious layout at 2,350 square feet, along with wood floors, a private terrace, two luxurious baths and a powder room.
Unit #601 at Memorial Overlook in Rosslyn is another triple honoree. The 2,374 square foot apartment had the third highest sales price at $2,152,000, the fifth highest price per square foot at $906.45, and the fifth highest list to sales ratio at 100.09 percent ($2,000 over asking). Unit #107 at the Watergate in Foggy Bottom continues the string of multiple standouts with the fourth highest sale at $1,779,000 and the third highest price ratio at 101.66 percent. The two-level cooperative residence with three bedrooms, 2.5 baths and 2,092 square feet of living space has been completely renovated, including an open gourmet kitchen Snaidero Italian cabinetry, and Miele and Sub-Zero appliances. Notwithstanding all the new improvements, this sublime unit still retains the mid-century modern flavor that is so emblematic of the Watergate. Extra bonus points for the sweeping private terrace and Potomac River views.
Fifth place goes to Unit #1606 at Somerset House in Chevy Chase. The spacious three-bedroom apartment with 2.5 baths and 2,278 square feet of elegant living space sold for $1,700,000. Somerset House is comprised of three 21-story luxury condo towers located within the gated Parc Somerset community. Among the many amenities is a central clubhouse and sports complex with multiple swimming pools, tennis courts, a state-of-the-art fitness center, and more. Closing out this list is Unit #1503 at the full service Turnberry Tower in Rosslyn. The two-bedroom, 2.5-bath luxury flat with its private elevator, sweeping terrace, and 1,803 square foot floorplan sold for $1,600,000, or $887.41 per sq. foot, the sixth highest for the month.
Highest Sales Price to List Ratio
Unit #805 at Lionsgate in Bethesda topped the highest list to sales ratio for September, closing at $1,350,000 after listing for $1,299,000. That uptick reflects 103.93 percent of asking for the swanky two-bedroom apartment with 2.5 baths and a 1,665 square foot layout. The condo also has two assigned garage parking spaces. Second place goes to Unit #N207 at the new eNVy building in Washington’s rapidly transforming Navy Yard neighborhood. The sleek and modern one-bedroom flat with one bath, 742 square feet of living space and impressive 11-foot ceilings listed for $534,900 and wound up selling for $550,000 (102.82 percent). This attractive new building is in the exciting Ballpark District, directly overlooking Nationals Park.
Coming in third is a double honoree. Unit #107 at the iconic Watergate complex in Foggy Bottom was also the fourth highest sale for the month. The townhouse-style cooperative residence with three bedrooms, 2.5 baths, 2,092 square feet of living space and views of the Potomac River from every room, sold for $1,779,000 after being offered at $1,750,000, or 101.66 percent of the original price. Fourth place goes to Unit #407 at the upscale Chase Point condo community in Friendship Heights. The two-bedroom, two-bath residence with a bonus den and a 1,711 square foot layout also has a private balcony overlooking the huge, lush lawn. The condo with its gleaming hardwood floors and formal dining room sold for $1,300,000, translating to 100.85 percent of its $1,289,000 asking price.
Next up is Unit #601 at Memorial Overlook in Rosslyn. This impressive 2,374 square foot residence with three bedrooms, 2.5 baths and a wide private terrace listed for $2,150,000 and sold for $2,152,000. That makes it the third highest condo sale in the DC area in September, the fifth highest price per square foot at $906.45, and the fifth highest list to sales ratio at 100.09 percent. Closing things out is Unit #1804 at the full service Monarch Tower in Tysons, right on the McLean border. This 2,350 square foot new construction apartment with two bedrooms and 2.5 baths sold at its full asking price of $2,303,000, making it the second highest condo closing for the month, the second highest price per square foot at $980.00, and the sixth highest sales ratio at 100 percent.
Highest Prices Per Square Foot
Unit #PH106 at the Westlight in DC’s West End neighborhood outpaced its nearest competitor by far in the highest price per square foot category at $1,170.77. It also captured the highest sales price for a condo or coop at $$2,900,000. The three-bedroom, three-bath penthouse with a 2,477 sq. foot floor plan enjoys an airy and modern feel with a showcase kitchen and massive window walls gazing out over the city. Second place goes to Unit #1804 at the brand new Monarch luxury tower in Tysons. The two-bedroom, 2.5-bath apartment with a 2,350 square foot layout also captured second place in the highest sales price contest as well as sixth place in the list-to-sales ratio. The condo sold for its full new construction asking price of $2,303,000, translating to $980.00 per square foot.
Placing third is Unit #3L at 22 West in the West End. The sun-soaked two-bedroom, two-bath flat with a bonus den, beautiful hardwood floors, and 1,401 square feet of living space closed at $1,360,000 ($970.74 per sq. foot). Fourth place goes to Unit #1010 at City Center in Washington’s Mount Vernon Triangle. This one-bedroom, one-bath apartment truly makes the most of its 636 square feet, with an open floorplan, and a Foster + Partners open kitchen with glossy white Snaidero cabinetry and panelized appliances. The unit sold for $585.245 or $921.65 per square foot.
Coming in fifth is Unit #601 at Memorial Overlook in Rosslyn is a triple honoree. The spacious 2,374 square foot penthouse with three bedrooms, 2.5 baths, and a wraparound veranda, had the third highest sales price at $2,152,000 after listing for $2,150,000. The list to sales ratio was 100.09 percent (fifth place) and the price per square foot was $906.49. Unit #1503 at Turnberry Tower in Arlington’s Rosslyn waterfront community with two bedrooms, 2.5 baths, 1,803 square feet of interior space plus a huge balcony and a private elevator, sold for $1,600,000 for the sixth highest price per sq. foot at $887.41 and the sixth highest sales price overall. Turnberry Tower remains the tallest residential building in the Washington Metro area and offers an impressive package of amenities including a huge indoor swimming pool, a state-of-the-art fitness center, a movie theater, and a fully staffed front lobby.
September 2023 Highest Price New Listings
The highest priced new condo listings in the Washington, DC area in September came in a tightly compressed range. At the top is Unit #73 at the modern Westlight building in DC’s West End neighborhood. Offered at $3,995,000, the three-bedroom, 3.5-bath residence has an airy 2,857 square foot layout augmented by a wraparound wall of massive windows providing a spectacular cityscape view. The showcase open kitchen also faces am extended window wall. Unit #2 at Kalorama Square in the affluent Kalorama community ties with a $3,995,000 price tag. The 4,105 square foot townhouse with four bedrooms, three full baths and four half baths, is already under contract. The new owners will enjoy multiple levels of living space, a private elevator, and a landscaped terrace.
Third place goes to Unit #7D at the legendary Wardman Tower in Woodley Park. The landmark building has been completely renovated by Deborah Berke and Partners, introducing new modern features while staying true to its historic flavor. Listed at $3,500,000, the three-bedroom apartment with 3.5 baths is the last residence to be offered for sale since the building’s reboot. Features include custom millwork, wide plank oak herringbone floors, and an owners’ suite with two separate baths and separate dressing rooms. Also of note is a stunning library with wet bar and fireplace. Unit #708 at Metropole in Logan Circle nabs fourth place with an asking price of $3,195,000. This showcase penthouse boasts 2,837 square feet of living space spread out over two levels, with soaring ceilings and two-story windows. The two-bedroom, two-bath residence also has a bonus den, and a 900 square foot landscaped private roof deck.
Fifth place goes to Unit #2004 at Turnberry Tower in the Rosslyn waterfront neighborhood. Listed at $2,650,000, the stylish apartment has 2,655 square feet of living space including three bedrooms, 3.5 baths, a private elevator, and an in-unit laundry room. A sweeping private terrace adds to the appeal. Closing out the list is Unit #PH9-10 at the Foxhall in Wesley Heights. Offered at $2,600,000, this renovated residence has been freshly renovated, and is the result of combining two side-by-side apartments. With three bedrooms, four full baths, two half-baths, and 3,800 square feet of space, the apartment has a fascinating layout with two separate gourmet kitchens. It could also be returned to two units if the buyer so chooses.
