• 3303 Water Street
• Residences at Harbourside
• Residences at the Ritz Carlton Georgetown
• Washington Harbour Condos

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

Captain and Tennille……Rogers and Hammerstein……Siskel and Ebert……Hall and Oates……Sid and Nancy…..Cheech and Chong……Georgetown and luxury condos…….yes if you are playing a word association game with a Washingtonian, it highly probable that they would put Georgetown and luxury condos together in a pairing.

There are a number of factors that have driven developers to build luxury condos in Georgetown and the neighboring West End.  Georgetown's historic narrow streets and active neighborhood special interests groups, coupled with its location on the banks of the Potomac River and its namesake University have left virtually no developable parcels. From a practical standpoint, to deliver new residential housing in Georgetown requires the acquisition and repurposing of existing structures.  This is an expensive endeavor and has driven developers to position projects at the very top end of the luxury scale.

Georgetown is home to several luxury condominium developments where the movers and shakers of Washington make their homes.  Here are DC Condo Boutique's top five Georgetown luxury condo developments:

• 3303 Water
• Residences at Harbourside
• Residences at the Ritz Carlton Georgetown
• Washington Harbour
• Wormley Row

The most expensive condo to sell in the District during April 2011 was in Georgetown at the Residences at Harbourside, located at 2900 K Street NW #606, Washington, DC.  This 3 BR / 4.5 BA, 4,337 SF condo also includes three parking spaces.  The selling price was $3.325M / $767 SF which was 94% of asking price.

Congratulations to Sandy Haffler of Coldwell Banker Residential Brokerage for closing the most expensive condo sale in the District in April 2011.

Honorable mention for the 2nd most expensive DC condo sold in April 2011 was in the West End at 22 West, located at 1177 22nd Street NW #6A, Washington, DC. This 2 BR / 3 BA, 1,501 SF condo includes two parking spaces.  The selling price was $1.3M / $866 SF which was 98% of asking price.

Congratulations to selling Realtor Mei-Mei Watts-Venners of Eastbanc Marketing, LLC for closing this transaction.

In April 2011, three DC condos sold for $1M or over, down from five in both February & March 2011, up from two in January 2011, down from eight in December 2010 and nine in November 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.

While the Potomac River flows several miles through DC, condos in the District with views of the river are hard to find and command huge price tags.

A significant portion of the Potomac's shoreline borders the Potomac Park and the Tidal Basin where there are no residential neighborhoods.  The river does front residential neighborhoods in Foggy Bottom and Georgetown.  In Georgetown, the elevated Whitehurst Freeway further obstructs views of the the Potomac from many condos.  All this ads up to very few vantage points in the city with residential river views.

Yes, Potomac view are rare, but there are a few buildings with amazing Potomac views.  Included in this list are buildings where the majority of the condos have a view, omitted are buildings where maybe the penthouse or rooftop has river views but the majority of the building does not.  DC condos with Potomac River views include:

• 3303 Water
• Residences at Harbourside
• Washington Harbour Condos
• Watergate

Prices for a DC condo with Potomac River views currently start at $449,000 at the Watergate and top out at $4.75M at 3303 Water.  

One of the best luxury condos in the District is currently listed for sale at the Residences at Harbourside.  Marketed as the Crown of Georgetown, the Residences at Harbourside share the banks of the Potomac with prestigious institutions including the Swedish Embassy, Watergate and the Kennedy Center.

The Residences at Harbourside consists of six penthouse condos located on the top floor of 2900 K Street.  This 130,000 SF Class A mixed-use building  was completed in 2008 by Lano Armada.

The condo units at the Residences at Harbourside offer breath-taking views and high-end finishes including Brazilian walnut flooring, Carrera marble baths, Poliform built-ins and Miele appliances.  Residences at Harbourside amenities include private elevators, concierge service and a fitness center.

Currently, one unit is available at the Residences at Harbourside offering 3 BR / 4 BA  4,162 SF with a 2,700 SF private balcony and three parking spaces for $3.55M.

The most expensive condo to sell in the District during August 2010 was in Georgetown at the Residences at Harbourside, located at 2900 K Street, NW #606 Washington, DC.  This multi-level 3 BR / 4.5 BA, 4,162 SF condo also includes two parking space and 2,700 SF of outdoor living space.  The selling price was $2.9875M / $718 SF.

Congratulations to selling Realtor Michelle Galler of TTR Sothebys International Realty for closing the most expensive condo sale in the District in August 2010.

Honorable mention for the 2nd most expensive DC condo sold in August 2010 was in the West End at 2501 Penn, located at 2501 Pennsylvania Avenue, NW #3C Washington, DC.  This 2 BR + den / 2.5 BA, 2,760 SF condo included two parking spaces. The selling price was $2.250M / $815 SF.

Congratulations to selling Realtor Donna Mank of Hounshell Real Estate for closing this transaction.

In August 2010, eleven DC condos sold for over $1M, up from seven in July 2010, six in June 2010, and eight in May 2010.  It is great to see an uptick in luxury sales during the dog days of summer.

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 the District during June 2010 was in Georgetown at the Residences at Harbourside, located at 2900 K Street NW #603, Washington, DC.  This 2-level penthouse unit was completed in 2008 and is 4,888 SF and features 4 BR / 4 BA.  The selling price was $3.1M / $634 SF.  This is the second consecutive month that a Residences at Harbourside unit topped the luxury market in DC.

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

Honorable mention for the 2nd most expensive DC condo sold in June 2010 was in Georgetown at Wormley Row, located at 3329 Prospect Street, #3 Washington, DC.  This 2 BR / 2.5 BA 2,409 SF condo was the last new construction unit available from the developer at Wormley Row.  The selling price was $1.8M / $747 SF.

Congratulations to selling Realtor Debbie Singleton of Living Real Estate, LLC for closing this transaction.



In June 2010 six DC condos sold for over $1M, down from eight $1M+ transaction in May 2010, nine 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.

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.