What's Hot: 702,000: DC Sees Population Rise Again In 2024
DC's Priciest Condo Sale on Record Closes For $11 Million
✉️ Want to forward this article? Click here.
The most expensive condo ever listed in Washington, DC has sold, but it didn't quite fetch as high a price as advertised.
Penthouse 2C at the Ritz-Carlton in Georgetown sold earlier this week for $11 million. The unit went under contract at a $14.5 million list price in January. Despite the discounted sale price, the unit broke the previous price record for a condo in DC by $1.5 million. The penthouse was listed with Mark Lowham and Matt McCormick of TTR Sotheby's International Realty; Michael Rankin of Sotheby's represented the buyer.
story continues below
loading...story continues above
One of five penthouses at the Ritz-Carlton, the 5,500 square-foot home is the combination of two units purchased in 2006 by philanthropist Michelle Smith. Smith, who died in 2020, 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 River. Smith invested approximately $20 million into the purchase, renovation and build out of the residence.
The previous record for a condo sale in DC was set just at the end of 2021 when another unit at the Ritz-Carlton Residences Georgetown sold for $9.5 million.
Photos courtesy of Gordon Beall.
See other articles related to: dc's most expensive condo, georgetown, georgetown condos, georgetown ritz-carlton, luxury real estate dc, ttr sothebys international realty
This article originally published at https://dc.urbanturf.com/articles/blog/dcs-priciest-condo-sale-on-record-closes-for-11-million/19335.
Most Popular... This Week • Last 30 Days • Ever
If the home ultimately sells for around that list price, it would set a record as the... read »
When purchasing a home, it's crucial to conduct a thorough inspection to determine th... read »
The federal government could be shut down by the end of today, and that shutdown coul... read »
The multi-faceted project will include restaurant, bar, fitness and event spaces.... read »
The 16,250 square-foot home along Foxhall Road NW owned by Fox News anchor Bret Baier... 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. 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