What’s Hot in DC This August? Luxury Penthouse & Condos!

In the District, across the Potomac in Arlington and up Wisconsin Avenue in Chevy Chase’s Friendship Heights neighborhood, the market continued its blazing heat. The top six penthouse properties sold for an average of over $2 Million, and three buildings tied for Most Units Sold: The Lafayette, The Watergate, and Yale Steam Laundry.

pic_326100.222What $3 Million Buys At The Waterview.

Penthouse Unit 2801—a spectacular 3-bedroom, 3.5-bath residence includes luxurious finishes throughout an expansive floor plan of over 3,800 square feet. Floor-to-ceiling walls of glass showcase panoramic vistas of Georgetown, the National Monuments, and the Potomac River from every window. Dramatic entertaining spaces, a library with extensive built-ins, a cutting-edge kitchen, a luxurious owner suite, two additional bedroom suites, a fireplace, three conveniently located garage parking spaces…the list goes on and on. The closing price? $3,008,000!

Across the river in West End, The Ritz-Carlton West End Unit 5B is a stunning 3-bedroom, 3.5-bath apartment with exquisite custom woodworking upgrades throughout. This listing includes a gourmet kitchen, large master suite, 2 guest suites, entry gallery, entry foyer, marble baths, Brazilian cherry hardwood floors, and more. It closed at the full asking price of $1,930,000.

Keeping things in the family, the 2-bedroom, 2 bath penthouse 1E at the Ritz-Carlton Georgetown, combined a dazzling living room with walls of glass overlooking the Potomac, a sweet master suite with sitting area and amazing bath and a custom Poggenpohl kitchen for another full-price sale at $1,850,000!

Highest Sales Prices – August, 2013

$3,008,000

The Waterview

Arlington

$1,930,000

Ritz West End

West End

$1,850,000

Ritz Georgetown

Georgetown

$1,800,000

Chase Point

Friendship Heights

$1,800,000

City Center

Mount Vernon Triangle

$1,700,000

3303 Water Street

Georgetown

the lafayette

All Tied Up with 4 Units Sold — The Lafayette, The Watergate and Yale Steam Laundry!

Three hot buildings in Penn Quarter, Foggy Bottom and Mount Vernon Triangle led the way, followed by a six-way tie for second place featuring 555 Mass, Adams Row, Gallery Place, Ritz West End, The Sonata and The Waterview.

Most Units Sold – August, 2013

  4

The LafayetteThe Watergate

Yale Steam Laundry

Penn QuarterFoggy Bottom

Mount Vernon Triangle

 3

555 MassAdams Row

Gallery Place

Ritz West End

The Sonata

The Waterview

Mount Vernon TriangleAdams Morgan

Chinatown

West End

Mount Vernon Triangle

Arlington

  1661 Crescent PlNew Owners Paid As Much As 27 Percent Above List in August!

At 1661 Crescent Place in Adams Morgan, the 2-bedroom, 1 bath unit 604 was so sought-after, the closing price of $625,000 was $136,000 above its listing price. And other properties sold in August were also markedly above list at closing.

Highest List-To-Sales Ratio – August, 2013

127.81%

1661 Crescent Place

Adams Morgan

113%

Cooper Lewis

Logan Circle

111.57%

The Artisan

Penn Quarter

110.05%

The Dresden

Kalorama

104.17%

Alta Vista

Arlington

103.10%

2020 Lofts

U Street Corridor

The It Buildings Dominate The Category For Highest Dollar Per Sq. Ft.

The Ritz-Carlton Georgetown

The Ritz-Carlton Georgetown is one of my choices for Best Private Outdoor Spaces, while Cooper Lewis is a fantastically-executed conversion in Logan Circle. Be sure to check out all of the It Buildings categories for my personal favorites!

Highest $ Per Sq. Ft. – August, 2013

$1,182.11

Ritz Georgetown

Georgetown

$1,125.54

Cooper Lewis

Logan Circle

$968.11

3303 Water Street

Georgetown

$943.71

22 West

West End

$824.56

The Waterview

Arlington

$821.17

Chase Point

Friendship Heights

 

For more information about recent sales or to discuss buying or selling a luxury property in the Capital Region, contact Jeff Wilson at your convenience.

 

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