Tagged : watergate

The most expensive condo/co-op to sell in the District during February 2012 was in Foggy Bottom at the Watergate located at 2700 Virginia Avenue #1202/1203, Washington, DC.   This 3 BR / 4.5 BA / 3,683 SF co-op includes two parking spaces.  The selling price was $2.995M / $813 SF, which was 100% of asking price.



Congratulations to Gigi Winston of Winston Real Estate, Inc. for closing the most expensive condo sale in the District in February 2012.



Honorable mention for the second most expensive DC condo sold in February 2012 was in Georgetown at 3303 Water located at 3303 Water Street NW #H-3, Washington, DC.  This 2 BR / 2.5 BA / 1,921 SF condo includes two parking spaces.  The selling price was $2.45M / $1,275 SF, which was…

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…

The Wall Street Journal reports that the Watergate Hotel is being renovated by Euro Capital Properties, Inc., who recently paid $45M for the property.  The hotel has been empty since 2007 and had been through a foreclosure proceeding after Monument Realty defaulted and failed to follow through on plans for a condo conversion.  The hotel is expected to be open for business after a two-year renovation.

The existing residential condo portion of the Watergate complex consists of 600 units located in four buildings: 2500, 2510 + 2700 Virginia Ave, NW  and 700 New Hampshire Ave, NW.  Over the last 12 months, 17 condos have sold at the Watergate complex ranging in price from $285,000 to $2.8M. Without a doubt, the Watergate sets the record in the District for…