$18 Million: DC's Priciest Condo Ever Hits the Market in Georgetown
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.
story continues below
loading...story continues above
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.
See other articles related to: dc's most expensive condo, dc's most expensive home, georgetown, ttr sothebys international realty
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
In this article, UrbanTurf will explain what special assessments are, how they work, ... read »
Plans are moving forward at the site of a long-planned project in Ivy City, however w... read »
Nearly 1,400 residential units are on the boards around Union Market, about the same ... read »
Up 8% year-over-year, it is the first time that prices have exceeded $800,000 for det... read »
If there was ever a place where the old adage “one man’s trash is another man’s... read »
- What Are Special Assessments in Condo Buildings and What Do They Cover?
- Douglas Development Pitches Large Warehouse For New City Site Along New York Avenue
- Hotels, A Public Park and The 1,400 Units In The Works For Union Market
- The Price For A House in The DC Area Hit A New High in April
- Tile, Furniture, Appliances & (Much) More -- The Local Warehouse Chock Full of Salvaged Home Goods
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. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro