DC has been known as a city where the highest price tags for residential real estate belong to single-family homes. That just changed.
A penthouse at the Ritz-Carlton in Georgetown hit the market on Tuesday for $18 million, which is the most expensive asking price on record for a condo in Washington, DC. The condo is listed with Mark Lowham and Matt McCormick of TTR Sotheby's International Realty.
One of five penthouses at the Ritz-Carlton, the 5,500 square-foot condo is actually the combination of two units purchased in 2006 by philanthropist Michelle Smith, who died last year, according to The Wall Street Journal. Smith was the daughter of Robert H. Smith, who developed much of Crystal City.
In addition to 5,500 square feet of interior space, the condo has an 1,800 square-foot terrace with views of the Potomac. Smith invested approximately $20 million into the purchase, renovation and build out of the residence.
Based on UrbanTurf's research, the most expensive condo to sell in DC is a penthouse at the Wardman Tower in Woodley Park. The 4,400 square-foot residence sold for $8.4 million in 2017.
Photos courtesy of Gordon Beall.
This article originally published at https://dc.urbanturf.com/articles/blog/18-million-dcs-priciest-condo-ever-hits-the-market-in-georgetown/17737.
Most Popular... This Week • Last 30 Days • Ever
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
Why condo fees are high in some buildings and low in others can be a difficult questi... read »
When sellers haven't quite lined up their next house before their settlement date com... read »
In this edition of First Timer Primer, we take a closer look at what you are actually... read »
To help home buyers and sellers both novice and seasoned, UrbanTurf is running a seri... read »
Virginia's homebuyer assistance programs can seem complex. This edition of First-Time... read »
A recent transaction shows that the housing market isn't cooling off everywhere.... read »
Developer Akridge has released new images of their planned Burnham Place development ... read »
New plans filed with Arlington County last week provide the first renderings for The ... read »
In Southwest DC, all eyes are on a handful of sites where development has long been a... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro