WSJ News Exclusive | Washington, D.C., Penthouse Fetches $12.762 Million, Becoming Priciest Condo in Nation’s Capital

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A Washington, D.C., penthouse has bought for $12.762 million, changing into the costliest apartment sale within the nation’s capital metropolis, in accordance with real-estate agent Matt McCormick of TTR Sotheby’s Worldwide Realty, who represented the customer within the transaction.

The four-bedroom, roughly 5,800-square-foot residence within the Wharf neighborhood overlooks a channel of the Potomac River, stated Mr. McCormick. He stated the customer lives on the West Coast, however had spent a number of years in search of an East Coast residence as a base to go to household within the D.C. space. A part of the constructing’s enchantment was its proximity to the water, he stated, and the customer has leased two boat slips close by.

The 2-level unit has a house fitness center and roughly 2,500 sq. ft of balcony and terrace area, and comes with three parking areas, stated Michelle Giannini of Hoffman Realty, which is advertising and marketing the constructing. There are six different models on the highest ground, she stated, however this unit is the costliest within the constructing attributable to its views of the water and the town.

The Rafael Viñoly-designed constructing, accomplished in 2022, has 12 flooring and about 100 residences, plus retail and eating places, stated Ms. Giannini. Constructing facilities embrace a saltwater lap pool and a screening room. The constructing, which began gross sales in the summertime of 2021, is about 70% bought, stated Ms. Giannini. 

The earlier Washington, D.C., apartment report was an $11 million transaction in 2022, stated Mr. McCormick, who stated single-family residence gross sales within the metropolis usually high out round $28 million. The variety of new luxurious condos within the metropolis is restricted as a result of metropolis’s building-height restrictions, he stated.

Properties over $1.5 million within the Washington, D.C., space bought for a median $1.9 million in February, up 0.7% from the identical month of final 12 months, in accordance with a report by Lengthy & Foster Actual Property. 

Write to Sarah Paynter at Sarah.paynter@wsj.com