The iconic Watergate in Foggy Bottom leads the list of most units sold in February with a robust five transactions. While none of these closings were particularly extravagant in price, there were some value highlights, such as Unit #1108. The one-bedroom co-op apartment sold for $840,000 but the direct views of the Potomac River are absolutely priceless. Coming in a close second with four closings is City Center in Mount Vernon Triangle. Likened to a modern day Rockefeller by the New York Times, the downtown DC mixed-use community covers five city blocks and features condo towers, offices, a hotel, over 40 upscale retailers and restaurants, and a 1.5-acre park. Of the four transactions, Unit #1101 sold for $2,650,000 which is the third highest sale for the month for all buildings in the DC Metro area.
There were four buildings with two sales each: 2020 Lofts in the U Street Corridor, 525 Water Street in Georgetown, Lofts 14 in Logan Circle, and Metropole, also in Logan Circle. Unit #416 at Lofts 14 captured the month’s highest list-to-sale ratio, listing for $616,000 and closing at $639,000 or 103.90 percent of asking. Unit #412 at 525 Water Street nabbed the fifth-highest price per square foot. The 1,267 square foot penthouse with two bedrooms, two baths, and water views, sold for $1,325,000 or $1,045.78 per sq. foot.
There were no fewer than six buildings with one sale each: 1661 Crescent Place in Adams Morgan, 555 Mass in Mount Vernon Triangle, Amaris in the Southwest Waterfront, 2501 M in the West End, The Columbia in the West End, and Ritz-Carlton West End. There are two huge standouts in this final list. Unit #901 at Amaris at The Wharf blew everyone out of the water with the month’s highest sale at $6,552,500. That residence with its Washington Channel views was followed by Unit #PH3E with the month’s second-highest sale at $5 million. The spectacular two-level penthouse has over 5,100 square feet of living space, as well as an incredible private roof deck.
To see all the hottest building and category winners in February 2023 visit our DC Penthouse and Luxury Condo Marketing Activity Report.
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