The most expensive condo to sell in the District during March 2012 was in Georgetown at 3303 Water located at 3303 Water Street, NW #E-6, Washington, DC.   This 2 BR / 2.5 BA / 1,886 SF condo includes two parking spaces.  The selling price was $1.85M / $981 SF, which was 93% of asking price.

Congratulations to Monica Boyd of Coldwell Banker Residential Brokerage for closing the most expensive condo sale in the District in March 2012.

Honorable mention for the second most expensive DC condo sold in March 2012 was in Kalorama at 2029 Connecticut located at 2029 Connecticut Avenue, #53 Washington, DC.  This 3 BR / 2 BA / 3,150 SF condo includes two parking spaces.  The selling price was $1.33M / $422 SF, which was 95% of asking price.

Congratulations to selling Realtor Matthew Cliney of ZipRealty, Inc. for closing this transaction.

In March 2012, four DC condos sold for $1M or more, on par with four in February, four in January and down from eight in December 2011.  If you are interested in learning more about luxury condos, here is a resource to view DC luxury condos that are currently listed for sale.

The most expensive condo to sell in Washington, DC in 2011 was for $6.25M at 3303 Water Street in Georgetown.  As has been the case in past years, Georgetown dominated the DC luxury condo market with six of the top ten transactions. Kalorama and the West End both weighed in with two sales in the top 10. 

The overall DC luxury condo market remained robust in 2011 with 79 transactions closing at a sale price of $1m or greater.  Here are the top ten DC condo/coop transactions in 2011:

             Price            Development                         BR    BA        SF 

1. $6,250,000    3303 Water #F-8                        5     3        3,887
2. $5,200,000    Ritz Carlton Georgetown #3B    3     2.5     3,407
3. $4,550,000    3303 Water #L-7                        3     3.5     2,994
4. $3,900,000    2101 Connecticut #31                5     6.5     6,400
5. $3,100,000    2029 Connecticut     #31            4     4.5     5,400
6. $3,325,000    Harbourside #606                      3     4.5     4,337
7. $2,805,000    Ritz Carlton Georgetown #1F    4     4.5     3,966
8. $2,653,500    22 West  #9-E                            3     6        2,790
9. $2,500,000    2501 Penn  #5A                         2     2.5     2,732
10. $2,450,000    3303 Water  #C-8                      2     2        2,226

As DC rushes around this week making final preparations for the Christmas Holiday, it seemed most appropriate that we take a peek at the St. Nicholas in Kalorama.  If there is a building in the District worthy of its namesake from the North Pole, this is it!

Located on venerable California Street in Kalorama, the St. Nicholas is one of DC's most treasured Beaux Arts style condo developments. This six-story building was built in 1917 and has been recently updated including a new elevator.  Many of the 31 units at the St Nicholas have terrific city views and convey with underground parking.  The St. Nicholas common amenities include a ground-level fitness room.

Located just two blocks from Connecticut Avenue, the St. Nicholas weighs in with a WalkScore of 82.  Both Dupont Circle and Woodley Park are very walkable from this location.

Currently, three units at the St. Nicholas are currently listed for sale ranging from $1.25M to $1.4M.  Here is a resource to view active St. Nicholas condo listings.

The most expensive condo to sell in the District during November 2011 was in Georgetown at The Residences at the Ritz Carlton Georgetown, located at 3150 South Street NW #3B, Washington DC.  This 3 BR / 2.5 BA / 4,708 SF condo includes two parking spaces.  The selling price was $5.3M / $1,126 SF which was 96% of asking price.

Congratulations to William F.X. Moody of Washington Fine Properties, LLC for closing the most expensive condo sale in the District in November 2011.

Honorable mention for the second most expensive DC condo sold in November 2011 was a co-op in Kalorama at 2029 Connecticut, located at 2029 Connecticut Avenue #31, Washington, DC.  This 4 BR / 4.5 BA 5,400 SF co-op includes two parking spaces.  The selling price was $3.1M / $574 SF which was 84% of asking price.

Congratulations to selling Realtor Kerry Fortune of Washington Fine Properties, LLC for closing this transaction.

In November 2011, five DC condos sold for $1M or more, up from two in October and down from four in September and 13 in August.

If you are interested in learning more about luxury condos, here is a resource to view DC luxury condos that are currently listed for sale.

Tucked between Connecticut Avenue, Columbia Road and Calvert Street in NW DC, Kalorama Triangle is a popular and convenient neighborhood.  The neighborhood has easy access to the Woodley Park Metro Station, which is located just over the Duke Wellington Bridge.  Kalorama Triangle residents also walk to the Dupont Circle Metro Station.

Kalorama Triangle was first developed in the 1890s and features grand apartment buildings intermingled with traditional DC rowhouses along its leafy streets.  Architectural styles in Kalorama Triangle include English Arts and Crafts, Georgian Revival and Mediterranean.  Several of the of the grand apartment buildings in the Kalorama Triangle are featured in James Goode's Best Addresses.

Condo and co-op developments in Kalorama Triangle include:

• 2029 Connecticut
• 2101 Connecticut
• The Altamont
• The Carthage
• Kalorama Place
• Lofts of Ontario
• The Mendota
• Valley Vista
• Wyoming Plaza

Here is a resource to view Kalorama real estate listings.

Located on Embassy Row in Kalorama, 2540 Massachusetts Avenue is luxury pre-war co-op that is featured in James Goode's Best Addresses, A Century of Washington's Distinguished Apartment Houses.  The building features a distinctive circular glass and iron marquee positioned over a limestone framed front entrance.  It is great to see distinctive marquee's making a comeback in the District with several recent developments including Solo Piazza, Residences at Gallery Place and Fennessy Lofts featuring them over their entrances.

2540 Massachusetts was designed by Harry L. Jones and features Georgian Revival architecture consistent with other buildings in the neighborhood.  The building was developed by Monroe Warren and was originally called Army Navy due to the preponderance of officers who originally lived there.  

Building amenities include a doorman, elevator, underground parking and private gardens.  Residents enjoy easy access to Rock Creek Park and upper-level enjoy spectacular views of the park as well.

Currently, two units at 2450 are listed for sale a 2 BR / 2 BA with 1,300 SF for $599,900 and a 1 BR / 1 BA with 1,000 SF for $443,000.  Here is a resource to view active 2540 Massachusetts Avenue listings.

5th Avenue in New York.....North Lake Shore Drive in Chicago.....Turtle Creek Boulevard in Dallas and Louisburg Square in Boston are widely recognized as the most expensive streets for residential real estate in these cities.  This begs the question of what is DC's most expensive street?

In a quick informal poll, Tracy Place in Kalorama was the popular answer, although not a clear-cut winner like some of the other cities.  Wikipedia anoints Woodland Drive as DC's most expensive street, but lacks a citation backing up this proclamation.  Woodland Drive was also recognized as DC's most expensive street by Forbes Magazine in a 2007 story about the nation's most expensive blocks.

In reviewing MLS data of sold listings over the last two years, three DC streets had two $5M+ sales: Nebraska Avenue, Tracy Place and Woodland Drive.  With the average selling price of these homes within a couple percentage points, it is safe bet to declare all three streets as our most expensive.

Congratulations to selling Realtor Nancy Itteilag of Long & Foster Real Estate, Inc. for closing the most expensive condo sale in the District in May 2010.

Honorable mention for the 2nd most expensive DC condo sold in May 2010 was in Kalorama at 2120 Wyoming, located at 2120 Wyoming NW #3,  Washington DC.  This two-level loft style unit was completed in 2007 and is 2,160 SF and features 3 BR / 2.5 BA.  The selling price was $2.55M / $1181 SF.

Congratulations to selling Realtor Harry Moore of Long & Foster Real Estate, Inc. for closing this transaction.



In May 2010, eight DC condos sold for a $1M or over, down from 9 in April and 11 in March 2010.
   
If you are interested in learning more about luxury condos, here is a resource to view DC luxury condos that are currently listed for sale.