What's Hot: DC's 14 Million-Dollar Neighborhoods in 2023 | What the New FHA Mortgage Fee Cut Will Mean For Buyers
$3.5 Million Discount: DC's Priciest Condo Now Listed For $14.5 Million
The most expensive condo residence to ever be listed in DC just got a bit cheaper.
A penthouse at the Ritz-Carlton in Georgetown hit the market in January for $18 million, the most expensive asking price on record for a condo in Washington, DC. Earlier this week, the asking price was reduced to $14.5 million. The residence 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.
This article originally published at https://dc.urbanturf.com/articles/blog/35-million-discount-dcs-priciest-condo-now-listed-for-145-million/18698.
Most Popular... This Week • Last 30 Days • Ever

The 650,000 square-foot project, designed by Adjaye Associates and Hickok Cole, will ... read »

The largest development on the boards for the H Street Corridor is planned for a fami... read »

It is early in the year, but there are already a number of areas around DC where home... read »

This week's Best New Listings includes a condo with a former life as a hotel entrance... read »

Today, UrbanTurf is taking a look at the tax benefits associated with buying a home t... read »
- A First Look at the Five-Building Centerpiece of the St. Elizabeth's Redevelopment
- 200-Unit Apartment Project Planned For Autozone Site Along the H Street Corridor
- DC's 14 Million-Dollar Neighborhoods in 2023
- Best New Listings: A Hotel Entrance Turned Condo
- A Look At The Tax Benefits of Buying a Home Through a Trust
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!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro